Bill Ackman's Pershing Square took a sizable stake in Hertz, the rental car company that exited from bankruptcy four years ago, sparking a big rally.Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has...
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This fund is designed to help investors withstand wild market swings
Katie Stockton thinks she has a viable option for investors trying to withstand wild market swings.She manages the Fairlead Tactical Sector ETF (TACK), which is designed to be nimble in times of market stress. It's not tied to an index."What we try to do is help investors leverage the upside through...
Trump’s approval rating on the economy drops to lowest of his presidential career, CNBC Survey finds
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey.The survey found that the boost in economic optimism that accompanied Trump's reelection has disappeared, with more...
Should investors dump U.S. stocks for international equities? Here’s what experts are saying
Some investors accustomed to the dominance of U.S. stocks versus the rest of the world are making a stunning pivot toward international equities, fearing U.S. assets may have taken on more risk amid escalating trade tensions initiated by President Donald Trump.The S&P 500 sank more than 6% since Trump first announced his...
China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore" them.Instead of continuing to focus on tariffing goods, however, China has chosen to resort...