Can Bill Ackman save the closed-end fund?
An outspoken financier wants to build a modern-day Berkshire Hathaway
Source
The Economist
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An outspoken financier wants to build a modern-day Berkshire Hathaway
Source
The Economist
Opens original article in a new tab
“There is not a ‘break-the-glass’ solution,” says former Treasury Secretary Steven Mnuchin of backup plans if the U.S. can’t finance its debt.

Gold was steady after a gain as the US-Iran ceasefire continued to hold despite reports of a cargo vessel being targeted, easing fears of an escalation that would fuel inflation risks.
Amazon’s stock needs to rise less than 2% for the company’s market cap to top $3 trillion — something only four other companies have ever achieved.
IDC analysts say that the memory market can break from its historical tendency to see dramatic booms and busts.