archiveJosh Schafer

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

US stock futures fell early Monday as investors prepared for another week of developments on President Trump's fast-moving tariff policies and for the kickoff of Big Tech earnings reports, with Fed independence also looming as an emerging risk for investors to weigh. Futures tied to the S&P 500 (ES=F) were down around 1%, while those on the tech-heavy Nasdaq (NQ=F) fell 1.2%. Dow Jones Industrial Average futures (YM=F) dropped 0.7%. CME - Delayed Quote • USD As of 7:22:46 AM EDT. Market Open. ES=F YM=F NQ=F As Yahoo Finance's Josh...