Bill Ackman’s hedge fund bets on Nike in first new investments in over a year
Billionaire investor William Ackman picked up new stakes in sportswear company Nike and investment management firm Brookfield in the second quarter, according to regulatory filings filed Wednesday. This marks Pershing Square’s first new investment, which manages about $17 billion in assets, since the firm pumped money into Google parent Alphabet in the first quarter of […]
The big EV push flopped; time to hedge our bets
There’s only one reason automakers like Ford and GM are backing away from ambitious EV plans: customers. Contrary to the enthusiastic predictions of Elon Musk, environmental groups, and other industry and government “experts,” the love affair between EVs and American consumers appears to have fizzled after a honeymoon period of strong sales volumes. Meanwhile, China […]