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David fink bill ackman12/29/2023 ![]() Pause in US development of AI would ‘simply benefit China,’ ex-Google boss warnsīillionaire investor Bill Ackman, who spent years building his reputation as a vocal corporate agitator, now plans to work mainly behind the scenes with management and adopt what he calls a “quieter approach” to force change.įresh off three years of strong double digit returns, Ackman told investors on Tuesday that corporate America now knows who he is and that there is no need for the kind of noisy tactics other activist investors might employ.”Īll of our interactions with companies over the last five years have been cordial, constructive and productive,” Ackman wrote in the Pershing Square Holdings Annual Report. Shares of Carl Icahn’s hedge fund drop 25% after attack from rival Bill Ackmanīill Ackman reignites feud with nemesis Carl Icahn after scathing Hindenburg report level may drop.Īlexandra Semenova is a reporter for Yahoo Finance.JPMorgan CEO Jamie Dimon hints at future in politics, quickly gets endorsement from billionaire hedgie Meanwhile, Cooperman said in a televised interview with CNBC earlier this month that if the Fed tries to hit 2% inflation instead of settling for 3% or 4%, the S&P 500 could end up below 3,000. Will have to live with inflation of around % and interest rates of 2-3%. Rubenstein’s view is shared by prominent allocators including hedge funder Bill Ackman, BlackRock CEO Larry Fink, and Leon Cooperman, chairman and founder of family office Omega Advisors.Īckman has previously said that a slew of factors, including de-globalization and a post-pandemic shift to domestic sourcing and production, make 2% an unattainable target, while Fink and his firm predicted that investors would need 3-4%. Markets are expecting a hike of 0.25%-0.50%.Ī growing number of investors have pointed to factors that include a labor force of 3 million workers still below pre-COVID levels, companies moving overseas manufacturing closer to home to prevent supply chain disruptions, And persistently high energy prices could derail that goal. ![]() “It is clear that the Federal Reserve will raise interest rates again, probably in February and March, but not enough to put us into a recession,” he said.įederal Reserve officials are scheduled to hold their next policy meeting on Jan. “I really don’t think it’s clear that we’re going to be in a recession in the third or fourth quarter.” “The numbers that we have and our own companies at Carlyle do not suggest that a recession is imminent,” Rubenstein said. Outside of his thoughts on the direction of inflation, Rubenstein told Yahoo Finance that he doesn’t see a recession in the cards this year, even though many financial institutions predict an economic downturn and are cutting costs to prepare for one. ![]() The core CPI, which tracks food and energy, rose 5.7% year-over-year and 0.3% on a monthly basis – reflecting underlying stability in inflation. The Consumer Price Index (CPI) for December released on Thursday showed that inflation rose at an annual clip of 6.5% and was down 0.1% from the previous month. The Fed currently targets inflation of 2% over the long term as measured by the annual change in the price index for personal consumption expenditure. David Rubenstein, co-founder and co-CEO of The Carlyle Group, speaks at the Skybridge Capital SALT conference on Septemin New York City, US. ![]()
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