Billionaire Bill Ackman has closed his coronavirus hedges and is buying shares in Starbucks, Hilton and Lowe's. 'We are making a huge recovery bet,' said Ackman
“There is a tsunami coming,” Ackman warned, “capitalism does not work in an 18-month shutdown, capitalism can work in a 30-day shutdown.”
In the intervening time, Ackman took stock of the plunging markets and the cratering economy—and the response from elected officials—and came away bullish. "We are making a huge recovery bet," Ackman told Quinn."We are all long...and we’re betting on the country."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Novogratz disagrees with Bill Ackman on coronavirus 'panic' - Business InsiderCrypto exec Michael Novogratz disagrees with billionaire investor Bill Ackman's coronavirus warning, calling it a 'panic' — but they agree people need to get back to work in 4 weeks
Read more »
Billionaire Bill Ackman says he recently made a $2.5 billion bet that the US economy will bounce back quickly from coronavirus | Markets InsiderBill Ackman said in a Monday interview with Bloomberg TV that he recently bet $2.5 billion that the US economy will recover quickly from the sho...
Read more »
Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized by the U.S. Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support the nation&39;s economy, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin,
Read more »
Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: MnuchinThe coronavirus economic relief bill being finalized in Congress will include a ...
Read more »
Theater Owners Chief to Congress: Pass Coronavirus Rescue Bill or We Go BankruptIt could be lights out for the movie theater business if Congress doesn’t pass the trillion-dollar coronavirus rescue bill. That’s the stark message from John Fithian, president and CEO…
Read more »
What Has Bill Belichick Said About Potential Patriots Quarterbacks?While 2019 fourth-round pick Jarrett Stidham is the current frontrunner to be the Patriots' next starting quarterback, New England does…
Read more »