Bill Ackman's Pershing Square Set to Make $600 Million on Universal Stake
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
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Citi Names New Head of Strategy as Jane Fraser Steers Bank Into 'Next Phase'
Margo Pilic will be Citi's new head of strategy, M&A, and investor relations.
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SoftBank CEO's Bad Bets Left Him in Despair. An AI Spree Has Him Back on Top.
Masayoshi Son said that his Tokyo-based technology conglomerate would unleash at least $52 billion of investment in French data centers.
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Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff
Partners Group's CEO said the limits on redemptions were driven by jitters among wealthy clients toward private markets more broadly.
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Configure Partners Launches Secondary-Advisory Group
The private-credit adviser aims to fill a gap assisting midmarket private-equity managers on secondary deals.
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Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups
After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund.
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Modern Wealth Management Scoops Up $1.1 Billion Florida Investment Advisory Team
The addition of Flaharty Asset Management is Modern Wealth's second acquisition of a firm in Florida in two months.
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Greg Abel Puts His Stamp on Berkshire Hathaway With Pair of Megadeals
In one weekend, Warren Buffett's successor has given shareholders a reason to believe he is a savvy dealmaker.
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Berkshire Hathaway and Japanese Builders See the Same Opportunity in U.S. Housing
Stocks look cheap, and there is a need for innovation in residential construction.
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Financial Services Roundup: Market Talk
Find insight on Visa, U.S. home delistings, the rupee and more in the latest Market Talks covering financial services.
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UniCredit Clears Key 30% Threshold in Commerzbank Takeover Bid
The lender said Tuesday that shares representing around 7.6% of Commerzbank's share capital have been tendered as part of its roughly $28 billion takeover attempt.
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Warsh Names Two Conservative Policy Veterans as Interim Fed Advisers
One of the new advisers to the new Fed chairman previously helped write a chapter for Project 2025, the conservative policy blueprint, that recommended a radical restructuring of the central bank.
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Hammack Says Fed May Need to Respond if Inflation Persists
Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation to 2%.
(END) Dow Jones Newswires
June 04, 2026 00:00 ET (04:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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