Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations," in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesPershing Square's Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a "modern-day"...
Category: Finance
The biggest self-defeating mistakes investors make in trying to beat the market
Index investing pioneer Charley Ellis says what gave rise to the success of the index fund remains true today: "It's virtually impossible to beat the market," he told CNBC's Bob Pisani on last Monday's "ETF Edge."But Ellis warns of another hurdle just as high as active management's long-term underperformance that...
Here’s a potential winner from the Trump tariffs: American tourists traveling abroad
A customer at a food market in Palma, Mallorca, Spain.Andrey Rudakov/Bloomberg via Getty ImagesAs economists ring alarm bells over the impact of President Donald Trump's tariff policy on consumers and the U.S. economy, there's a group of Americans who may benefit: tourists traveling abroad.That's due to the impact of tariffs...
CFPB’s new leadership begins staff purge with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019.Jonathan Ernst | ReutersThe Consumer Financial Protection Bureau sent termination notices to several dozen employees late Tuesday, according to people with knowledge of...
Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps
The Trump administration may create powerful tailwinds for two vastly different market groups: Big banks and small cap stocks.In the case of financials, Astoria Portfolio Advisors' John Davi predicts deregulation — along with a boost in IPO and mergers and acquisitions — to spark multi-year strength."The funny thing about the...