Author: prosperplanetpulse.com

What’s going on?Bill Ackman’s Pershing Square Capital Management is putting $500 million into a new venture called Pershing Square USA Limited, which is expected to trade on the New York Stock Exchange. stock exchange.What does this mean?Pershing Square USA is seeking to raise up to $25 billion, potentially more than doubling Ackman’s assets under management. The company will follow Pershing Square’s strategy of focusing on a concentrated portfolio of large companies. Unique perks include no performance fees and market-leading returns. hedgeThe $500 million anchor investment underscores a long-term commitment of at least a decade. Ackman has promised transparency in his…

(Bloomberg) — Asian shares rose after the world’s biggest tech stocks surged ahead of U.S. inflation data and pushed global stocks to a record high.Most read articles on BloombergJapanese and Australian shares rose, mirroring Wall Street’s bullish performance on Wednesday. The S&P 500 and Nasdaq 100 each rose more than 1%, while global stock indexes all rose to record highs. The S&P 500 has risen for the past seven consecutive sessions, its longest winning streak since November.U.S. stocks accelerated gains in the closing bell, led by Nvidia and Apple. iPhone maker Apple said it aimed to boost shipments of new…

Peter Welch is a Democrat and represents Vermont in the U.S. Senate.I have a lot of respect for President Biden. He saved our country from a tyrant. He is a man of extraordinary decency. He cares deeply about our democracy. He is one of the best presidents of our time.But I, like many across the nation, am concerned about the November election. The stakes couldn’t be higher. We cannot forget President Biden’s disastrous debate performance. We cannot ignore or dismiss the legitimate questions that have been raised since that night.I understand why President Biden wants to run. He saved us…

Commercial and residential buildings light up at dawn in Seoul, South Korea, Saturday, Oct. 21, 2023. South Korea is preparing a 75.9 trillion won ($56.97 billion) financial support program for companies boosting investment in key sectors and small and medium-sized businesses struggling with the effects of high interest rates.Bloomberg | Bloomberg | Getty ImagesJapan’s Nikkei stock average surged to a new high on Thursday, surpassing 42,000 points for the first time, as other Asia-Pacific markets rose on the back of gains in big U.S. technology companies and growing confidence that the Federal Reserve will cut interest rates.The Nikkei Stock Average…

After seven consecutive quarters of declines, the PC market is recovering. That’s according to new research from International Data Corporation (IDC), in its Worldwide Quarterly Personal Computing Device Tracker released on Tuesday (July 9), which predicts that worldwide PC shipments will reach 64.9 million units in the second quarter of 2024, up 3% from last year. IDC said that figure would have been even higher if not for sluggish sales in China. Excluding China, global shipments increased more than 5% year over year. “To be clear, the PC market, like other technology markets, will face near-term challenges due to maturity…

TeslaDespite surging auto sales, Toyota’s dominance in the U.S. electric vehicle market is fading. The company’s share Electric car The New York Times reported on Tuesday (July 9) that the EV market fell by just under 50% in the second quarter of this year. Cox Automotive. According to the figures, Tesla accounted for 49.7% of EV sales from April to June, down from 59.3% in the same period last year, and the company Kia, GM, Ford and Hyundai. The report said this is the first time the Elon Musk-owned company’s market share has fallen below 50% in a quarter. Intense…

FRANKFORT, Ky. (FOX 56) — Gov. Andy Beshear is heading to Asia to promote Kentucky as a destination that attracts international business. “This is the hot place in Kentucky right now and we continue to grow,” Kentucky Chamber of Commerce President and CEO Ashli ​​Watts told FOX 56 News. And that’s what Beshear is pitching this week to companies in Japan and South Korea, whose operations currently employ about 50,000 Kentuckians in more than 200 facilities.”We have a prime location. Two-thirds of the country’s population is within a day’s drive. We’re a logistics hub. We’re specialized in manufacturing. You look…

MUMBAI: Startups are seeking tax incentives for the sector in the next budget. For instance, the industry is seeking similar benefits extended to the manufacturing sector. “Manufacturing companies have benefited from lower tax rates, encouraging activity in line with the ‘Make in India’ initiative. Similar tax incentives should be considered for startups, especially those working to strengthen the Digital India initiative. Startups are investing heavily in R&D and technology infrastructure. Incentives such as weighted tax credit and R&D employee expense subsidy will significantly boost R&D activities in the startup ecosystem and create more employment opportunities,” said Arpit Chugh, CFO, Razorpay.…

First Democratic senator calls on Biden to give up reelectionVermont Senator Peter Welch today became the first Senate Democrat to call on Biden to withdraw from the 2024 presidential race.In an op-ed in the Washington Post, Welch emphasized her respect for Biden, but said, “In the national interest, I urge President Biden to withdraw from the race.””We have been asking President Biden for a long time to do many things for many people,” Welch wrote. “It has taken unparalleled selflessness and courage. We ask you to put us first, as you have done in the past. We ask you to…

2 hours agoFederal Reserve Fines Citigroup $60.6 MillionThe Federal Reserve on Wednesday fined Citigroup $60.6 million for violating a 2020 enforcement action, according to a press release.”Citigroup failed to adequately remediate its data quality control issues and failed to implement compensation controls to manage ongoing risk,” the release said. “The Board will continue to monitor Citigroup’s actions in compliance with the 2020 Measures, which remain in effect.”The commission’s fine and the Office of the Comptroller of the Currency’s penalty bring the bank’s total penalties to approximately $135.6 million.— Lisa Kailai Han2 hours agoCPI report predicts inflation will fall to closer…