Bill Ackman's new investment vehicle Pershing Square Tontine Holdings plans to offer 150 million shares at $20 apiece, according to a Securities and Exchange Commission filing.
Strategists say that dry powder in money market funds, which reached a record high last month, may support stocks in weeks ahead, with fund managers rotating back into equities or aggressively buying dips in the market.
U.S. President Donald Trump will suspend the entry of certain foreign workers on H-1B visas for skilled workers and L-1 visas for workers being transferred within a company through the end of the year, a senior administration official said on Monday — a move the official said would help the economy, but which business groups strongly oppose.
During the WWDC 2020 keynote, Apple revealed iOS 14 with a new home screen for iPhones, iPadOS 14, macOS Big Sur, watchOS 7 and more. It also said it will begin to switch to using its own Apple chips instead of Intel chips in Macs.
Los Angeles International Airport is planning to trial thermal scanning technology on passengers in an effort to identify sick passengers as Covid-19 concerns continue.
While the initial announcement of the program provided a major lift to Wall Street, there now are worries that the risk-on sentiment could be getting carried away.
Microsoft remains committed on video games, but after less than four years it hasn't been able to surpass Amazon's Twitch in market share, and its promoting Facebook
Apple announced an upgrade to its operating system on Monday that will allow drivers to use mobile devices as digital car keys and give keys securely to trusted contacts by iMessage.
CNBC's eighth annual Disruptor 50 list, revealed last week, identified private companies that are changing the world in unimaginable ways. Yet there's one dramatic trend that has nothing to do with the underlying technologies driving their growth: a social or environmental mission that is core to their business model.
There has been a surge in coronavirus cases in the U.S. and Brazil, and further outbreaks in Germany — where the reproduction rate of the disease has risen substantially.
Goldman Sachs has tipped several European technology, insurance and utility companies for acquisition in the latest reshuffle of its M&A basket for the region.