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Billionaire investor Bill Ackman says the US government should consider a "highly dilutive" bailout of Silicon Valley Bank amid jitters about its financial position. The bank's failure "could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash," Ackman said in a series of tweets on Thursday. "If private capital can't provide a solution, a highly dilutive gov't preferred bailout should be considered," he said.

Billionaire investor Bill Ackman says the US government should consider a "highly dilutive" bailout of Silicon Valley Bank amid jitters about its financial position. The bank's failure "could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash," Ackman said in a series of tweets on Thursday. "If private capital can't provide a solution, a highly dilutive gov't preferred bailout should be considered," he said.

A billionaire New York hedge fund manager who's a leading Democrat donor has come up with an unusual suggestion for reducing inflation - recommending that the U.S. government bring down wage costs by welcoming in more migrants. Bill Ackman, who as CEO of investment firm Pershing Square Capital Management is worth an estimated $3.2 billion, said that the current tactics employed by the government to bring down inflation were 'a blunt tool' and not effective. He claims increasing the supply of workers would also increase the output of the US economy, thus bringing down prices.

Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 million shares it had bought just three months ago as Netflix' shares tumbled 35% to $226.19.

The Russian invasion of Ukraine means that World War III has “likely already started,” according to billionaire hedge fund manager Bill Ackman. “In January 2020, I had nightmares about the potential for a pandemic, but everyone seemed to think I was crazy. I am having similar nightmares now,” Ackman tweeted on Saturday. He added: “WWIII has likely started already, but we have been slow to recognize it.”

Bill Ackman disclosed a new, billion-dollar bet on Netflix in a letter to clients on Wednesday. Ackman's Pershing Square has snapped up more than 3.1 million Netflix shares since Friday, giving it a roughly $1.1 billion position, the billionaire investor revealed. His hedge fund's 0.7% stake makes it one of the video-streaming giant's 20 largest shareholders, he noted.

American hedge fund boss Bill Ackman has made $2.6 billion by betting against the markets just days after stoking fears by saying 'hell is coming' and begging President Donald Trump to shut down the country amid the coronavirus pandemic. The Pershing Square Capital Management hedge fund manager said his firm had made $2.6billion from a one-off bet that the coronavirus outbreak would cause a global market crash. His firm seized upon bond market turmoil during the coronavirus crisis in buying 'credit protection on various global investment grade and high-yield credit indices'.

Bill Ackman has spent the last five years trying to drive the supplement company Herbalife out of business.He took a $1 billion short position in the company in December 2012, after which its stock dropped 10 percent in six seconds, which led to a temporary trading halt.He informed investors at a 3 ½-hour slide show presentation in Manhattan that same month in which he plodded through a 342-slide presentation that characterized the company not as a multilevel firm that marketing energy and diet drinks, vitamins and skin products but as “the best-managed pyramid scheme in the history of the world.”He...

Last fall, I wrote a piece about Hedge Fund Billionaire Bill Ackman and his unmitigated assault on the health products company Herbalife; Battle of The Hedge Fund Titans. It was an interesting piece about one man’s personal vendetta and attempt to take down a famously successful American company. The short of it (no pun intended), is that Bill Ackman used his hedge fund company, Pershing Square, to take a $1 Billion short position in Herbalife. Thus, banking on the failure of the company to profit immensely, while actually attempting to trigger that failure. Herbalife fought back and the demise of...

Valeant shares plunged as much as 40 percent after an influential short-seller accused the company of fraud, saying it used its relationship with specialty pharmacies to inflate revenue. With the stock’s dramatic swings, Ackman’s portfolio lost as much as $820 million during the day but the loss lessened to roughly $650 million as the price inched up again in mid-afternoon. Cable television station CNBC reported that Ackman bought an additional 2 million shares of Valeant on Wednesday.

On the campaign trail Barack Obama promised if he were elected president, he would create 5 million “green collar” jobs. Today President Obama announced $2.3 billion in tax credits for a clean energy economy will ostensibly create 17,000 jobs. “Building a robust clean energy sector is how we will create the jobs of the future,” he said in a speech this afternoon. Make no mistake; this government-run plan will kill more jobs than it aims to create. There are a number of serious problems with the goal to create green jobs, and Europe’s unfavorable results with renewable energy should raise...

U.S. Agriculture Secretary Tom Vilsak announced Wednesday the United States would provide $1 billion over the next three years to preserve tropical forests overseas.

If you bought a Bluetooth headset between June 30, 2002 and February 19, 2009, the settlement of a class action lawsuit may affect your rights. The Settlement resolves claims in a class action lawsuit that Bluetooth headsets manufactured by Motorola, Inc.; Plantronics, Inc.; or GN Netcom, Inc. / "Jabra" (“Defendants”) create a risk of hearing loss. The lawsuit also claims Defendants acted wrongfully when they did not warn consumer of that risk, if it exists. The Defendants deny their Bluetooth headsets are unsafe or that they did anything wrong. Defendants are settling only to avoid the risk and expense...

Democrats tell business to pay up or else. The late Milton Friedman used to rail against what he called corporate America's "suicidal impulse." By that he meant that the business community continually financed the very politicians who were intent on robbing their profits and slitting their throats. It's happening again. The latest quarterly Federal Election Commission Report on political giving, released this week, shows the majority of corporate money flowing to the Democrats. Firms like Comcast, General Electric, Federal Express and UPS have shifted campaign giving away from the GOP. Employees of five major defense contractors including Lockheed Martin, Boeing...

Votkinsk, the birthplace of composer Pyotr Ilyich Tchaikovsky, may have been founded in 1759, but during Soviet times the city didn't make it onto most maps. The Soviets had their reasons for keeping Votkinsk under wraps. Built on a tributary of the Kama River, the city was settled by decree of the Empress Elizabeth to house employees of Votkinsky Zavod, a steel works plant that remains one of the largest defense plants in Russia today. Originally the plant busied itself casting parts for steamships, barges, and bridges, but during World War II the plant was militarized, producing various artillery and...