Finance Latest investing news and finance headlines straight from Wall Street.
- Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE saysat 10:29 pm
Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the NYSE's website.
- Why the new spot ether ETFs may ‘be a hit’ despite recent weaknessat 4:36 pm
It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.
- Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day saleat 3:33 pm
Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.
- Warren Buffett's Berkshire trims Bank of America stake for the first time since 2019 after strong...at 12:12 pm
Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.
- Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delaysat 11:14 am
A U.K. Treasury department spokesperson said the government will set out plans to regulate "buy now, pay later" plans "shortly."
- China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales...at 10:50 am
China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic.
- Chinese EV startups are spending more on research than Tesla isat 3:20 am
U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.
- Job seekers are sour on the cooling labor marketat 6:19 pm
Confidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.