Getty Images Bill Ackman switched allegiance to Trump before the 2024 presidential election A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk “a self-induced, economic nuclear winter”. Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow…
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of…
Bridgewater Associates’ Ray Dalio on stage at CNBC’s CONVERGE LIVE in March. Courtesy of CNBC Billionaire Ray Dalio says we’re living in a time of rapid change, as geopolitical tensions rise, economic systems shift and technology develops faster than ever before. As people grapple with what he called the “changing world order,” Dalio says it’s…
PA Media Billionaire philanthropist and spiritual leader Aga Khan has died at the age of 88, his charity the Aga Khan Development Network has announced. Prince Karim Aga Khan was the 49th hereditary imam of the Ismaili Muslims, who trace his lineage directly to the Prophet Muhammad. He “passed away peacefully” in Lisbon, Portugal, surrounded…
People pass in front of big screen during the speech of US President Donald Trump on January 26, 2018 at the Davos Congress Centre (C), the venue of the annual World Economic Forum (WEF), in the town of Davos, eastern Switzerland. / AFP PHOTO / MIGUEL MEDINA (Photo credit should read MIGUEL MEDINA/AFP via Getty…
If TikTok’s parent company, the Chinese firm ByteDance, is forced to sell the app, who would buy it? ByteDance has said a sale is not feasible. The Chinese government has indicated that it would block a sale if it includes the algorithm that makes TikTok extremely valuable. Even if Beijing were to allow a sale,…
The US has imposed sanctions on Georgia’s former prime minister and billionaire founder of the Georgian Dream party, Bidzina Ivanishvili. US Secretary of State Antony Blinken said Ivanishvili and his party had “derailed Georgia’s Euro-Atlantic future”, leaving it vulnerable to Russia. Ivanishvilli is not an elected official but he has been described as the “honorary…
LA Times stoked controversy after announcing that it would not endorse any presidential candidates in the 2024 White House race. Patrick Soon-Shiong, a native from South Africa, has achieved remarkable success as a self-made biotech billionaire.(Getty Images) Following the uproar, billionaire Patrick Soon Shiong, who has owned the paper since June 2018, claimed the issue is the…
In a fresh development in the abduction and murder case of billionaire heiress Eliza Fletcher in the US, the accused has pleaded guilty to first-degree murder. Cleotha Abston was sentenced to 80 years in prison on May 17 for raping a woman in 2017. (X) Accused Cleotha Abston, who is from Tennessee, admitted in the…
