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Bill Ackman

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Trump's SOTU Sparks Mixed Reactions on Tariffs and a New Retirement Plan
business9 hours ago

Trump's SOTU Sparks Mixed Reactions on Tariffs and a New Retirement Plan

Economists and business leaders offered a mixed read on Donald Trump's State of the Union address: while Bill Ackman praised his federally matched retirement plan as a potential bipartisan wealth-builder, critics like Paul Krugman accused the speech of distortions and warned tariff policies could worsen affordability. Ian Bremmer noted a polarized national mood, Peter Schiff cautioned inflation hasn’t truly improved under Trump, and Roger Altman argued the address was more show than a catalyst for growth, even as observers forecast modest growth and cooling inflation with tariffs possibly sticking around and AI energy costs looming.

via Business Insider|
#bill-ackman#business#inflation
Ackman Bets Big on Meta as AI Selloff Tests Markets
business8 days ago

Ackman Bets Big on Meta as AI Selloff Tests Markets

Hedge fund Pershing Square, led by Bill Ackman, posted a 34% return last year and is backing a roughly $2 billion stake in Meta Platforms, arguing that AI-driven efficiency and long‑term upside justify the bet despite an AI-driven market selloff. Ackman positions Meta as a Buffett-like value play at about 27x earnings, noting recent AI spending could pay off over time. The move follows prior bets such as on Amazon, and adds a concentrated, high-conviction stake to Pershing’s portfolio.

via The Daily Upside|
#ai-investing#bill-ackman#business
Ackman Bets Big on AI Winners Amazon and Meta
business9 days ago

Ackman Bets Big on AI Winners Amazon and Meta

Bill Ackman’s Pershing Square has about 23% of its capital tied up in two AI-focused stocks, Amazon (13% of the portfolio) and Meta Platforms (10%). Wall Street targets suggest roughly 43% upside for Amazon to around $285 and about 32% upside for Meta to roughly $850 over the next year, driven by AI-enabled growth in AWS, e-commerce optimization, and ad-tech innovations. The bets reflect a view that both companies will benefit from AI, with investors often advised to consider small positions.

via The Motley Fool|
#amazon#artificial-intelligence#bill-ackman
Trump Proposes One-Year 10% Cap on Credit Card Interest Rates
business1 month ago

Trump Proposes One-Year 10% Cap on Credit Card Interest Rates

Bill Ackman criticized President Trump's proposal for a one-year 10% cap on credit card interest rates, warning it could lead to widespread credit card cancellations and push consumers toward higher-cost loans. Ackman acknowledged the goal of reducing rates is important but argued that making the market more competitive and fostering new entrants would be a better approach. The proposal would require congressional approval, and its implementation remains uncertain.

via Business Insider|
#bill-ackman#business#credit-card-interest-rates
Billionaire Bill Ackman's Controversial Pro Tennis Debut Sparks Criticism
sports7 months ago

Billionaire Bill Ackman's Controversial Pro Tennis Debut Sparks Criticism

Bill Ackman, a hedge fund manager, controversially entered a sanctioned ATP Challenger tennis event on a wildcard, playing doubles with retired player Jack Sock, in a match criticized for its lack of professionalism and perceived exploitation of the sport for personal amusement, raising questions about the integrity of the tournament and the sport's standards.

via Defector|
#atp-challenger#bill-ackman#controversy