After much anticipation, Bill Ackman’s Pershing Square USA has decided to withdraw its plans for an initial public offering. The decision came as a surprise to many, especially after investor demand appeared to wane from the original expectations. This move showcases the unpredictable nature of the financial markets and the challenges that even prominent figures
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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
Chipotle Mexican Grill recently reported quarterly earnings and revenue that exceeded analysts’ expectations. Despite a slowdown in the restaurant industry, the company saw higher traffic at its restaurants, leading to a rise in its stock price. However, the stock had been on a downward trend due to concerns about the overall health of the restaurant
China’s endeavor to develop robotaxis has gained momentum, prompting concerns among taxi drivers about their job security in a competitive market. While major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the U.S., Chinese cities such as Beijing and Guangzhou have embraced local robotaxi services. The recent surge in popularity of
In the movie “Thelma,” a 93-year-old woman falls victim to a scam call where she is tricked into sending $10,000 to a P.O. Box address after believing it was her grandson in need. This type of scam, also known as grandparents’ scams or family emergency scams, is unfortunately all too real in today’s world. According
In today’s world, social media plays a significant role in shaping our travel choices. With platforms like Instagram and Facebook, it’s no surprise that people are flocking to destinations they’ve seen online. According to a survey by Forbes Advisor, a large percentage of Gen Zers and millennials choose their vacation spots based on what they’ve
The world of competitive eating saw a new champion emerge at the Nathan’s Hot Dog Eating Contest this year. Patrick Bertoletti, a 39-year-old from Illinois, stole the show by consuming a whopping 58 hot dogs in the 10-minute competition. This victory not only earned him the coveted Mustard Yellow Belt in the men’s category but
In today’s digital age, cybercriminals are preying on individuals’ emotions through romance scams, targeting their wealth accounts. These scams involve building a relationship and trust with the victim in order to gain access to their accounts or convince them to transfer money. According to the Federal Trade Commission, consumers lost a staggering $1.14 billion to
One of the key takeaways from the Summer Fancy Food Show is the resurgence of fish as a prominent protein source in the culinary world. Gone are the days when tinned fish was limited to specific cultural pavilions; now, fish products are being showcased across the entire event floor. Companies are capitalizing on the trend
Apple’s mixed-reality headset has made its debut in China with a retail price that is approximately 18% higher than in the United States. This discrepancy has sparked conversations among Chinese consumers, with many expressing their opinions on the price difference. One customer, identified only as Chen, suggested that Apple should consider lowering the price of