Bill Ackman, a billionaire investor, has decided to postpone the listing of Pershing Square’s U.S. closed-end fund, as stated on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with a new date yet to be announced. Ackman is now aiming to
profitable
Despite initial skepticism, McDonald’s $5 value meal promotion has proven to be a successful marketing strategy that is driving traffic back to its restaurants. The fast-food giant announced that nearly every business unit, encompassing 93% of its restaurants, has voted to extend the promotion past its original end date. This decision reflects the positive impact
In a surprising turn of events, Ford Motor Company recently announced a shift in its production plans for the Super Duty trucks. The company had initially intended to convert a Canadian plant into an all-electric vehicle hub with a significant investment of $1.3 billion. However, Ford has now decided to expand the production of its
In recent news, General Motors has announced significant updates to the iconic Cadillac Escalade for the 2025 model year. One of the most notable changes includes the increase in production of the Cadillac Escalade V-Series performance model, reflecting a strong demand for this high-performance SUV. The 2025 Cadillac Escalade introduces a range of new features,
The stock market has seen significant gains since the last monthly meeting in June due to the anticipated Federal Reserve interest rate cut. Recent upbeat inflation data has propelled stocks to new highs, with the Dow Jones Industrial Average and the S&P 500 reaching all-time intraday highs. The Nasdaq Composite also hit a new high,
Adidas shares jumped up after the company announced a significant increase in its full-year 2024 earnings guidance. This news came following a strong performance in the second quarter, surpassing expectations. The German sportswear giant is now anticipating its operating profit to hit around 1 billion euros by the end of 2024, a notable increase from
Luxury fashion brand Hugo Boss recently experienced a significant downturn in its shares, with a plunge of up to 10% following a cut in its sales outlook. This decline is indicative of the broader challenges facing the luxury sector, as high-end fashion lines struggle to navigate through macroeconomic and geopolitical uncertainties. The German fashion house
Rentvesting is a relatively new trend in real estate investment where individuals choose to rent their primary residence and invest in property elsewhere. This concept allows them to own investment properties that they can rent out while continuing to rent their own home. According to Danielle Hale, chief economist at Realtor.com, rentvesting can be an
Delta Air Lines recently announced a forecast of record revenue for the third quarter, attributing this to the high demand for summer travel. However, this projection was lower than what analysts had estimated due to fare discounts resulting from an increase in flights. In the current quarter, Delta anticipates a sales growth of up to
The record summer air travel demand in the U.S. is not translating into record profits for airlines. Despite the forecast of record demand and revenue, higher labor and operational costs have eaten into the bottom lines of carriers. Some airlines have slowed down or even halted hiring due to slower demand growth and other challenges,