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Bill Ackman’s 'SPARC' gets OK from the SEC and he’s ready for a deal: 'please call me'

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Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he’s ready to hunt for a deal. Investors in Ackman’s unfruitful SPAC, known as Pershing Square Tontine Holdings, got a tradable right to participate in a future deal, and now it’s closer to becoming a reality. The …

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Nike shares pop after mixed first-quarter results. Here's what the pros say

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Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros discussed the maker of Air Jordan athletic shoes after it reported mixed fiscal first-quarter results. Nike reported revenue of $12.94 billion that was below the expected $12.98 billion, but its earnings of 94 cents per share beat expectations. The latest …

Nike shares pop after mixed first-quarter results. Here's what the pros say Read More »

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Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

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Check out the companies making headlines in midday trading. Tesla — Stock in the electric vehicle company added more than 2% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its vehicle delivery forecast to …

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more Read More »

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Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up

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Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC’s Sara Eisen on Friday in an interview. “We are paying attention to the …

Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up Read More »

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Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more

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Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. The company reported 94 cents per share and $12.94 billion in revenue, while analysts polled by LSEG forecast 75 cents and $12.98 million, respectively. Nike also reiterated mid-single digit full-year revenue …

Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more Read More »

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Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch

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BEIJING — The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the critical real estate sector. China’s rebound this year from Covid-19 has slowed since April. Then over the summer, the property slump accelerated, despite many large cities easing restrictions …

Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch Read More »

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Bill Ackman believes the 10-year Treasury yield could approach 5% soon

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Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. “I would not be shocked to see 30-year rates through the 5% barrier, and you could see the 10-year approach 5%,” he told CNBC’s Scott Wapner at the CNBC Delivering Alpha Investor Summit on …

Bill Ackman believes the 10-year Treasury yield could approach 5% soon Read More »

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Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile

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Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. “AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software,” Gerstner said at CNBC Delivering Alpha Investor Summit Thursday in New York City. AI has …

Brad Gerstner says AI is going to be bigger than the internet, bigger than mobile Read More »

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Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more

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Check out the companies making headlines in midday trading. Trimble — The technology services provider jumped about 6.4% Thursday on the back of an announcement that AGCO Corporation will acquire an 85% stake in Trimble’s agribusiness for $2 billion in cash, as the tractor and seeding equipment firm looks to grow its precision agriculture portfolio. …

Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more Read More »

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Ray Dalio says the U.S. is going to have a debt crisis

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Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation. “We’re going to have a debt crisis in this country,” the founder of hedge fund Bridgewater Associates said in an interview with CNBC’s Sara Eisen that aired on Thursday. The two were speaking at a fireside chat at the Managed Funds Association. “How …

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