Economy

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is delaying 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 ticker PSUS, is […]

A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to […]

US Vice President and Democratic Presidential candidate Kamala Harris delivers keynote speech at Zeta Phi Beta Sorority, Inc.’s Grand Boulé event at the Indiana Convention Center in Indianapolis, Indiana, on July 24, 2024. Brendan Smialowski | AFP | Getty Images Financial experts describe Vice President Kamala Harris’ investment style in one word: Boring. For a […]

An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with Dow Jones estimates […]

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Brendan Mcdermid | Reuters Former President Donald Trump on Friday vowed to hold another campaign rally in the same area of Pennsylvania where he survived an assassination attempt less […]

This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Maybe it is worth waiting for stocks like Wynn Resorts names so cheap that they can’t be explained. On Friday, I spent […]

Jason Stevens is used to dealing with travel headaches. As the CEO of Wayfairer Travelwhich plans six-figure luxury vacations and trips for Fortune 500 CEOs and ultra-wealthy clients, he’s helped customers solve problems — from finding last-minute access to deluxe ski locales to getting travelers to their African safari after they accidentally boarded the wrong […]

The S&P 500 eked out a gain last week after four straight weeks of losses for stocksbut the market correction has sent many investors running for cover in bonds. The move into bonds is no surprise given the ongoing market volatility and uncertainty over the impact of President Trump’s policies on the U.S. and global […]

When psychologist Robert Biswas-Diener told his friends he was writing a book on listening, they were confused. “It was a real head-scratcher for them,” he tells CNBC Make It. “I’m a huge talker and I am not naturally a great listener.” In Biswas-Diener’s upcoming book “Radical Listening: The Art of True Connection,” which he co-authored […]

Romance novelist Jasmine Guillory always intended to be a lawyer. After graduating from Wellesley College with a degree in history, she attended Stanford Law School and ultimately worked on securities law and intellectual property. But when she hit her 30s, Guillory, now 49, realized she needed a creative outlet. “I have always been a person […]