Jesse Pound

1 week ago | cnbc.com | Jesse Pound

The historic winning streak for the S & P 500 wobbled and broke on Monday after no trade deals materialized over the weekend, leaving investors in limbo as they wait for the next market-moving development. The broad market index closed down less than 1%, its first negative session in 10. Trading in stocks was tepid throughout the day, as even Treasury Secretary Scott Bessent's reiteration that a trade deal was "very close" seemed to do little to spur more buying.

1 week ago | cnbc.com | Jesse Pound

Berkshire Hathaway could increase its cash returns to shareholders once Warren Buffett's term as chief executive officer comes to an end, according to Pershing Square CEO Bill Ackman. "I think they're going to start to returning capital," Ackman said Monday on CNBC's " Squawk Box. " The methods for returning capital could include a potential dividend and "being a little bit more aggressive in buying back stock," Ackman said.

1 week ago | cnbc.com | Jesse Pound

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Bill Ackman's Pershing Square has agreed to invest $900 million in real estate company Howard Hughes , the companies announced Monday, as the billionaire hedge fund manager looks to follow in the footsteps of Warren Buffett. The deal involves Pershing Square buying 9 million newly issued shares of Howard Hughes for a total cost of $900 million.

1 week ago | cnbc.com | Jesse Pound

Gregory Abel, Vice Chairman overseeing non-insurance operations for Berkshire Hathaway, meets shareholders in the exhibition hall during the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S., May 3, 2024. Warren Buffett plans to hand over the reins of Berkshire Hathaway at the end of 2025 to Greg Abel, who has been working for the legendary investor for more than two decades and has a long track record as a business operator in his own right.

1 week ago | cnbc.com | Jesse Pound

A turbulent period for stocks around new tariff policies from the White House has remarkably given way to Wall Street's longest winning streak in 20 years. The S & P 500 rose again on Friday, notching a ninth straight positive session for the first time Nov. 5, 2004. The index also traded above its April 2 close for the first time since the major tariff announcement a month ago. .SPX 3M mountain The S & P 500 has risen for nine straight sessions, hitting its highest level in a month on Friday.