A big IPO is giving Ackman a new platform Bill Ackman is having a major capital markets moment. The dual IPO of Pershing Square Inc. and Pershing Square USA is expected to raise roughly $5 billion, with institutional investors covering

What Happened Warner Bros. Discovery (WBD) shareholders approved the company’s $110 billion sale to Paramount Skydance (PSKY), moving one of the biggest media deals in recent memory another step closer to completion. According to the company, stockholders voted overwhelmingly in

What Happened The European Union is moving into emergency mode again after another sharp energy shock, this time tied to the Iran war and the disruption it has caused across global oil and gas markets. According to the source, the

What Happened Kevin Warsh, President Trump’s pick to lead the Federal Reserve, told senators that he would not serve as a political proxy for the White House, pushing back against concerns that he would simply carry out Trump’s demand for

What Happened Netflix (NFLX) fell sharply in premarket trading after investors focused on weaker-than-expected second-quarter guidance, even though the company posted a stronger-than-expected first quarter. The streaming company also said co-founder Reed Hastings plans to leave the board in June

What Happened Morgan Stanley reported a strong first quarter, beating analyst expectations on both the top and bottom lines as its trading desks delivered much stronger-than-expected results. The bank posted earnings of $3.43 per share, above the $3.00 estimate, while

What Happened Mortgage demand weakened again last week, even as rates edged slightly lower. Total application volume fell 0.8% from the prior week, according to the Mortgage Bankers Association. The average contract rate on a 30-year fixed mortgage with conforming

What Happened Ford opened 2026 with a weak first quarter, reporting 457,315 U.S. vehicle sales, down 8.8% from a year earlier. That followed a soft quarter from GM, which reported 626,429 U.S. deliveries, down 9.7%. Both companies said the comparison

Markets Try to Bounce — but Oil Is Still Calling the Shots U.S. stocks turned sharply higher Thursday morning before giving back much of the move, as investors reacted to a new signal out of Iran that briefly raised hopes

U.S. manufacturing activity improved in March, but the details pointed to a more complicated picture for factories and inflation. The Institute for Supply Management said its manufacturing PMI edged up to 52.7 from 52.4 in February. That marked the third straight month above 50, the line