Bill Ackman Warns of "Economic Nuclear Winter," Urges 90-Day Timeout on Tariffs
Trump's approach risks eroding global confidence in the U.S., Ackman said. Bill Ackman, one of President Donald Trump's staunchest defenders among major hedge-fund managers, published a post on X on Sunday urging a "90-day timeout" on some of the tariffs announced by the White House last week.By slapping both U.S. allies and foes alike with disproportionate tariffs, Trump was risking an "economic nuclear winter" and eroding global confidence in the U.S. as a trading partner, a place to do business and as an attractive destination for investment capital, Ackman said.Ackman's comments came as U.S. stock futures opened sharply lower on Sunday evening, pointing to a third straight session of stock-market carnage on Monday."The president has an opportunity to call a 90-day timeout, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country," Ackman said.Otherwise, the U.S. was headed for a "self-induced, economic nuclear winter, an
Bill Ackman Warns of "Economic Nuclear Winter," Urges 90-Day Timeout on Tariffs
Trump's approach risks eroding global confidence in the U.S., Ackman said. Bill Ackman, one of President Donald Trump's staunchest defenders among major hedge-fund managers, published a post on X on Sunday urging a "90-day timeout" on some of the tariffs announced by the White House last week.By slapping both U.S. allies and foes alike with disproportionate tariffs, Trump was risking an "economic nuclear winter" and eroding global confidence in the U.S. as a trading partner, a place to do business and as an attractive destination for investment capital, Ackman said.Ackman's comments came as U.S. stock futures opened sharply lower on Sunday evening, pointing to a third straight session of stock-market carnage on Monday."The president has an opportunity to call a 90-day timeout, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country," Ackman said.Otherwise, the U.S. was headed for a "self-induced, economic nuclear winter, an
RLX Technology Q3 Non-GAAP Net Income, Revenue Increase
RLX Technology reported Q3 non-GAAP net income Friday of 0.20 Chinese renminbi per diluted share, up from about 0.15 renminbi a year earlier.A single analyst polled by Capital IQ expected 0.20 renminbi.Revenue for the quarter ended Sept. 30 was 756.3 million renminbi, up from 498.9 million renminbi a year earlier.Two analysts surveyed by Capital IQ expected 742.6 million renminbi.