(Bloomberg) -- Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20% stake in rental car company Hertz Global Holdings Inc. in a bet that tariffs will push up car prices, the billionaire said in a social media post.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Trans
In the eyes of investors, one of the most encouraging actions a company's management team can take is to confidently load up on its own shares. The manager making the buys was no less than CEO Stewart Glendinning, who disclosed in a regulatory document filed near the end of Wednesday's trading session that he purchased a total of 17,000 shares of Dollar Tree's common stock. Neither Dollar Tree nor Glendinning has officially commented on the CEO's move.
We recently published a list of 10 AI Stocks You Shouldn’t Overlook Right Now. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks you shouldn’t overlook right now. According to Adam Thierer, a senior fellow at the center-right think tank R Street Institute, Trump’s […]
We'd obviously welcome any positive news on the trade tariff front over the weekend, which starts tomorrow for the markets in observance of Good Friday.
For the second time in as many days, ServiceNow (NYSE: NOW) was hit with an analyst price target cut on Thursday. The Thursday cut was delivered by Deutsche Bank's Brad Zelnick. Uncomfortably, news of this came less than 24 hours after Zelnick's peer Derrick Wood of TD Cowen made a nearly identical move.
Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) stock ended Thursday's trading session in the red. The company's share price fell 1.4% in a day of trading that saw the S&P 500 (SNPINDEX: ^GSPC) rise 0.1% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fall 0.1%. Before the market opened this morning, Morgan Stanley published new coverage that reiterated its overweight rating on Alphabet.