Ackman Launches Two NYSE Vehicles in Pershing Square's $5 Billion IPO
Pershing Square’s combined IPO raised $5 billion, pricing at the low end of its target range.
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
UAE Leaves OPEC as Iran War Raises Risk to Gulf Oil Exports
The UAE said April 28 it would leave OPEC after nearly six decades, while promising any extra output would come gradually with demand.
Fed holds rates at 3.5% to 3.75% in 8-4 split as Powell stays on board
The Fed held rates at 3.5% to 3.75% in an 8-4 vote, the biggest split since 1992.
Washington Weighs Market Economy Status for Vietnam in Trade Cases
U.S. market-economy recognition would change how Washington handles Vietnamese exports in anti-dumping cases, where nonmarket status can bring harsher penalties.
Brent oil climb and bond selloff test stocks, mortgages and AI optimism
Brent crude climbed back above $109 a barrel as the 10-year Treasury yield hovered near 4.39 percent, stoking inflation and mortgage-rate pressure.
UAE Leaves OPEC as Abu Dhabi Plans 5 Million Barrels a Day by 2027
The UAE said it will leave OPEC after nearly six decades, freeing Abu Dhabi to manage extra output outside cartel quotas.
Fed holds rates at 3.5%-3.75% as 4 officials dissent, most since 1992
Four officials dissented, the most at a Fed meeting since October 1992, as the central bank held its benchmark rate at 3.5 percent to 3.75 percent.
Bank of Canada Holds Rate at 2.25% as Inflation Seen Peaking in April
Bank of Canada kept its policy rate at 2.25 percent as it expects inflation to peak near 3 percent in April.
30-Year Mortgage Rate Rises to 6.45% as Oil-Driven Bond Selloff Hits Housing
Brent crude climbed back above $109 a barrel, sending the 10-year Treasury yield to 4.39 percent.
UAE Leaves OPEC to Raise Oil Output Beyond Group Limits
The UAE said it would raise output beyond OPEC limits in a gradual and measured manner.
Fed holds rates at 3.5%-3.75% with 4 dissents, the biggest split since 1992
Powell said he will stay on as a Fed governor after his chair term ends May 15.
Bank of Canada Keeps Rates Steady for Fourth Time as Inflation Climbs
The Bank of Canada now expects housing to shave 0.1 percentage point from 2026 GDP growth after earlier forecasting a 0.2-point boost.