Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup Inc on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said. The sources requested anonymity because the IPO is still confidential.

from Yahoo Finance https://ift.tt/3hem8Ul

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are…

from Yahoo Finance https://ift.tt/3ffh406

On the heels of the blowout May jobs report, market participants got another update on how the U.S. Labor Market is faring amid the ongoing COVID-19 crisis with the weekly jobless claims report Thursday morning.

from Yahoo Finance https://ift.tt/3dTxRoW