Bill Ackman News

Also Read: US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year Could this time be different? Perhaps. While Fed Chair Jerome Powell pushed back Friday on the prospects for interest-rate cuts, the central bank’s historic tightening campaign is seen as game over across markets. At the same time, the risk-on exuberance is working against Powell’s goal of tightening financial conditions, a back-and-forth dynamic that has contributed to the demise of past rallies.

Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations.

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds.

Hedge fund manager Bill Ackman, fresh off his prescient call this summer to short bonds, now said he expects the Fed to start cutting interest rates much sooner than the market anticipates or the economy faces the risk of a «hard landing», Bloomberg News reported.

Elon Musk denounced what he calls "bogus" media reports accusing him of anti-semitism. This response follows his recent endorsement of content on X that sparked outrage and led major advertisers like Apple Inc. to distance themselves from the platform.

(Reuters) -Sculptor Capital Management on Friday agreed to a sweetened buyout deal from Rithm Capital that values the hedge fund at about $719.8 million, and secured the backing of its founder who had earlier opposed the acquisition.

Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, «we covered our bond short» some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. «The economy is slowing faster than recent data suggests,» Ackman said in the post, adding «There is too much risk in the world to remain short bonds at current long-term rates.» The Financial Times first reported news of the gain. Stocks including Chipotle Mexican Grill, Alphabet Inc, Restaurant Brands International, and Canadian Pacific Kansas City Limited make up the bulk of the Pershing Square portfolio, which is mainly set up to benefit from equities moving higher.

By David Randall

The hedge fund manager first disclosed his short position in 30-year Treasuries in August in the expectation of long-term rates increasing.

Having just pushed back to the north of the $31,000 level, Bitcoin is eyeing a retest of yearly highs in the $31,800s as FOMO (fear of missing out) starts to creep in amid still-building optimism about upcoming spot Bitcoin ETF application approvals.

Hedge fund manager Bill Ackman said on X, formerly known as Twitter, that his Pershing Square hedge fund covered its bond short after banking on the trade over the past several months as yields surged on persistent inflation.

By Svea Herbst-Bayliss

As the year-end bull market looms, Dogecoin (DOGE) showcases a remarkable rally, surging by 4% and reigniting speculations of a potential leap to the $1 mark. 

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While bond yields have risen sharply lately, fund flows into bonds tell two very different stories. We have previously written much on the recent rise in bond yields related to economic growth, event risks, and recessions. To wit:

Billionaire investor Ken Griffin's flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person familiar with the returns.

Ackman’s firm, Pershing Square Capital Management, said the SPARC will target companies seeking to raise at least $1.5bn.

Pershing Square's Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes.

Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he's ready to hunt for a deal.

Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets.

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation.