A development towers over the Lyric Theater in Miami's Overtown neighborhood.Greg IacurciMIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami.In its heyday, the theater, in the city's Overtown neighborhood, was an important cultural...
Category: Finance
Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website.The initial public offering of Pershing Square USA Ltd., with the...
Job seekers are sour on the cooling labor market
Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market.Job seeker confidence in Q2 2024 fell to its lowest level in more than two years, according to a quarterly survey by ZipRecruiter, which has tracked the metric since Q1 2022. That decline suggests workers...
CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
Rohit Chopra, director of the Consumer Financial Protection Bureau, during a House Financial Services Committee hearing on June 13, 2024.Tierney L. Cross/Bloomberg via Getty ImagesThe Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years.Such programs, also known as...
‘Just buying, buying, buying’: What the recent small-cap boom suggests about the appetite for risk
The money flow into small caps may not be a rotation from winning growth trades.Dave Nadig, ETF journalist and financial futurist, sees investors "just buying, buying, buying.""What we're seeing is a diversification trade," he told CNBC's "ETF Edge" this week. "We're seeing flows into everything, and that to me means...