Hertz Stock Soars as Billionaire Bill Ackman's Pershing Square Discloses Stake
Hertz shares soared Wednesday after billionaire Bill Ackman’s investment firm Pershing Square disclosed a sizable stake in the struggling rental car company.
Hertz shares soared Wednesday after billionaire Bill Ackman’s investment firm Pershing Square disclosed a sizable stake in the struggling rental car company.
Stalling dealmaking has dragged revenues down, and it's making some Trump-backers reconsider.
Netflix is slated to report first-quarter results after markets close Thursday, and options markets suggest traders are expecting a stock price big move in the following days.
The S&P 500 lost 2.2% on Wednesday, April 16, as the Federal Reserve chair discussed possible inflationary and economic consequences of tariffs.
A tech selloff led the major indexes lower, while the Fed chair's warning on tariffs accelerated trade war fears.
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.”
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming threat of stagflation.