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Bill Ackman reveals 6% stake in Domino’s Pizza, shares jump

Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said his Pershing Square built a 6% stake in Domino's Pizza, swapping out its Starbucks bet.Ackman revealed his hedge fund sold Starbucks after the coffee chain's swift rebound from the

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National average for gasoline tops $3 a gallon amid pipeline shutdown, rush to buy in Southeast

A driver leaves BJ's station looking for gas, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Norfolk, Virginia, May 11, 2021.Jay Paul | ReutersThe national average for a gallon of gas jumped above $3 on Wednesday for the first time since

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MoneyGram to let cryptocurrency holders cash in their investments

The logo of MoneyGram seen at a sore in San Ramon, California, on March 26, 2019.Smith Collection | Gado | Getty ImagesMoneyGram will let people in the U.S. withdraw their cryptocurrency holdings in cash, marking another step from mainstream financial institutions toward acceptance of nascent digital currencies.The money transfer

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5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day:1. Futures fall with tech sell-off set to resumeTraders on the New York Stock ExchangeSource: NYSEU.S. stock futures declined early Wednesday, led by tech shares once again. Dow Jones Industrial Average futures fell

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Geojit inks pact with Punjab National Bank to offer three-in-one account

and joined hands to tap retail customers, who are aiming to save more and betting big on capital markets amid pay cuts and falling income levels. Both the entities signed an agreement to offer a “three-in-one account”, which will combine savings and demat accounts of the bank with

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Stocks making the biggest moves in the premarket: Wendy’s, fuboTV, Vizio, Lemonade & more

Take a look at some of the biggest movers in the premarket:Amazon.com (AMZN) – A European Union court ruled in Amazon's favor in a $303 million tax case, scrapping an EU mandate that Amazon pay back taxes to Luxembourg. The court rejected the contention that Amazon had received an

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Bad bank chief: Government again taps SBI’s talent

(This story originally appeared in on May 12, 2021)MUMBAI: The proposed ‘bad bank’, which will help public sector lenders clean up their loan books, has got its first senior executive — Padmakumar Madhavan Nair. According to sources, Nair, who is chief general manager in charge of stressed assets

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