archivebill ackman

Bill Ackman has outperformed the stock market over the past five years with Pershing Square Capital Management. The hedge fund chief was an advocate for Donald Trump during the campaign but doesn't agree with the president's stance on tariffs. Stock market participants have been fleeing the market amid tariffs. The president's reciprocal tariffs scared investors the most, causing the Nasdaq Composite to plunge by more than 10% from between April 2 and Friday. "When markets crash, new investments stop, consumers stop spending money," Ackman said in an X post. Don't...

President Donald Trump's tariff plan is making stock market history — and Wall Street is reeling.The president's latest and most aggressive round of tariffs has fueled the worst market sell-off since 2020, leaving Wall Street on edge as concerns swirl over the economic impact of the tariffs and the growing possibility of a recession in 2025.Stocks extended their losses on Monday, with all three benchmark indexes diving into the red and the S&P 500 briefly entering a bear market as Trump doubled down on his resolve to lower the trade...