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Bill Ackman sees Universal Music SPAC deal closing later this month

Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month.Ackman's blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the

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Stocks making the biggest moves midday: Square, Biogen, DocuSign and more

The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019.John Tlumacki | Boston Globe | Getty ImagesDocuSign – Shares of the electronic signature company surged 17% after beating on the top and bottom lines of its quarterly earnings. DocuSign earned 44

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Long-term unemployment is falling for first time during pandemic

A store advertises a Help Wanted sign in Annapolis, Maryland, on May 12, 2021.JIM WATSON | AFP | Getty ImagesLong-term unemployment fell for the second straight month in May, an encouraging shift away from the recent near-record levels fueled by the economic carnage of the Covid pandemic.Economists classify long-term

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Fed’s Mester lauds jobs report but says it’s not enough to change policy

May's job gains were "solid" but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC."Bottom line, I would like to see further progress than where we are right now," Mester told CNBC's Steve Liesman during a live "Squawk on the Street" interview

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AMC leads meme stocks lower Friday to close out a wild week

The AMC Empire 25 near Times Square is open as New York City's cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021.Angela Weiss | AFP | Getty ImagesIt's been quite the week for AMC Entertainment and other meme stocks as frenzied

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Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies

A pedestrian passes a banner displaying Palantir Technologies signage during the company's initial public offering (IPO) in front of the New York Stock Exchange (NYSE), Sept. 30, 2020.Michael Nagle | Bloomberg | Getty ImagesLast year at this time, Palantir was gearing up for its long-awaited stock market debut. Now,

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Powell says climate change is not a main factor in the Fed’s policy decisions

Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersFederal Reserve Chairman Jerome Powell said Friday that climate change is not a main consideration for the central bank when formulating monetary policy.Speaking on a panel of his global colleagues, the head of the U.S. central bank said taking on issues related

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Stocks making the biggest moves in the premarket: DocuSign, Five Below, MongoDB & more

Take a look at some of the biggest movers in the premarket:DocuSign (DOCU) – DocuSign shares rallied 6.8% in premarket trading after the company beat Wall Street forecasts by 16 cents a share, with quarterly earnings of 44 cents per share. Revenue also beat estimates, and DocuSign gave an

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