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Bill Ackman, Founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman said Friday he expects to close his SPAC deal to purchase 10% of Universal Music Group for approximately $ 4 billion by…

Traders on the floor of the New York Stock Exchange.Source: NYSEStock futures are slightly lower in overnight trading after major indices rose in May.Futures on the Dow Jones Industrial Average fell 35 points, or 0.10%. S&P 500 futures…

The trading week may have started well, but a bull warns investors shouldn't feel too comfortable with more turmoil ahead in the near term.National Securities' Art Hogan predicts it will affect everything from stocks to Bitcoin to SPACs by…

Breeze airline debut.Source: breezeAirlines struggling to benefit from a travel rebound as the U.S. pandemic subsides have another competitor in the sky.Breeze Airways, a new airline created by JetBlue Airways founder David Neeleman,…

Andy SlavittTom Williams | CQ Appeal, Inc. | Getty ImagesAndy Slavitt, a senior advisor to President Joe Biden's coronavirus response team, confirmed on Friday that he will be leaving his role in early June.Slavitt, whose temporary…

Wells Fargo Securities’s Chris Harvey calls Big Tech’s recent outperformance a "head fake".In a recent announcement to investors, he wrote that economically sensitive groups will overtake growth as the leading market driver and that the…

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport.Justin Sullivan | Getty ImagesUnited Airlines announced Thursday that hundreds of pilots will soon be hired - a process the airline had to stop when…

Apparel sales in the US rebounded sharply last month, driven by an increase in online purchases as consumers changed their spending habits, Mastercard executive vice president Linda Kirkpatrick told CNBC on Tuesday."We've definitely seen a…

Clothes hang on clotheslines as a woman walks past residential buildings in Wuhan, China on June 14, 2017.Qilai Shen | Bloomberg | Getty ImagesBEIJING - A Chinese court ruled in divorce proceedings that a woman should receive…

A health care worker gives a picture of Moderna COVID-19 to a woman at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in New York on January 29, 2021 Vaccine.Facebook Facebook…