It's a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm's head of SPDR Americas research notes it is also the second-largest monthly inflow ever."Part of it is just the market," Matt...
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Bill Ackman’s Pershing Square withdraws IPO as demand for offering waned
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesBill Ackman's Pershing Square USA withdrew plans for an initial public offering after investor demand appeared...
Jobless rates fall in July for Asian Americans, bucking the overall trend
A sign for a health-care career fair at Cape Fear Community College in Wilmington, North Carolina, on Feb. 28, 2023.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate fell for Asian Americans from June to July, bucking a broader trend, according to data released Friday by the U.S. Bureau of...
UAE set to welcome even more millionaires as wealthy individuals abandon the UK
Aerial view of cityscape and skyscraper at sunset in Dubai Marina.Lu Shaoji | Moment | Getty ImagesThe United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report.At the same time, the U.K. โ already...
Bill Ackman seeking to raise $2 billion in Pershing Square fund IPO, lower than original expectations
Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCHedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at...