Shares in Bill Ackman’s new $5 billion listed investment fund and his asset management company rebounded in the second day after their IPO, as the hedge fund billionaire revealed he had put more of his own money behind the deal.
Shares in Bill Ackman’s new $5 billion listed investment fund and his asset management company rebounded in the second day after their IPO, as the hedge fund billionaire revealed he had put more of his own money behind the deal.
Pershing Square Capital Management CEO Bill Ackman, center, rings the opening bell during the company's IPO on the floor of the New York Stock Exchange on April 29.
Companies are increasingly using artificial intelligence as justification for cutting headcount and trimming costs, rather than using the technology to boost productivity by redeploying workers, according to Morningstar Inc.
Companies are increasingly using artificial intelligence as justification for cutting headcount and trimming costs, rather than using the technology to boost productivity by redeploying workers, according to Morningstar Inc.
Signage at the WiseTech Global headquarters in Sydney. Photographer: Brent Lewin/Bloomberg
For years, one credit-ratings firm has handed out the most favorable grades to corporate borrowers in the Canadian bond market: Morningstar DBRS. On average, its ratings are one full notch higher than those assigned by S&P Global Ratings, Moody’s Ratings and Fitch Ratings.
For years, one credit-ratings firm has handed out the most favorable grades to corporate borrowers in the Canadian bond market: Morningstar DBRS. On average, its ratings are one full notch higher than those assigned by S&P Global Ratings, Moody’s Ratings and Fitch Ratings.
The Morningstar DBRS office building in Toronto on Jan. 18. Photographer: Laura Proctor/Bloomberg
Anmelden
