William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.
Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company’s rivals.
S&P 500 futures dropped 1.2% late on Monday after the U.S. Treasury Department labeled China as a currency manipulator.
Two Democratic senators asked U.S. Defense Secretary Mark Esper on Monday if “outside” influence caused him to delay awarding a $10 billion cloud computing contract, after President Donald Trump suggested Amazon.com Inc should not win it.
Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company’s rivals.
The summer sell-off is finally here – and not all U.S. investors are rattled by it.
William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing and United Technologies and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.
Sharper losses could be in store for Wall Street.
Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for news.
It is “a little late” to purchase U.S. Treasuries, which have been rallying recently, and “if Treasury rates are going to fall from here, something bad is happening,” Jeffrey Gundlach, chief executive of DoubleLine Capital, said in a telephone interview on Monday.
Wall Street’s major indexes posted their biggest percentage drop of the year on Monday as a fall in the yuan following U.S. President Donald Trump’s vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.
A federal judge in Detroit on Monday sentenced the former United Auto Workers union vice president in charge of relations with Fiat Chrysler to 15 months in federal prison for misusing funds intended for worker training to pay for luxury travel and entertainment for himself and other union officials.
Stock markets around the world fell hard on Monday on fears that China’s willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world’s two largest economies.
Videogame publisher Take-Two Interactive Software Inc raised its full-year revenue forecast on Monday, based on the success of its games “NBA 2K”, “Grand Theft Auto V” and “Red Dead Redemption 2”.
Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.
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