Bill Ackman’s $64 billion Universal Music play is part of his strategy to become the next Warren Buffett
Billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital, is planning to buy Universal Music Group (UMG), the world’s largest music company, which represents artists including Taylor Swift, Bad Bunny, Bob Dylan, and the Beatles.
The $64 billion pitch announced Tuesday is Ackman’s latest move to turn Pershing into a “modern-day” Berkshire Hathaway and make Ackman the next Warren Buffett.
Read MoreDow futures jump 600 points, oil tumbles after Trump suspends Iran attack for two weeks: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on April 7, 2026.
Charly Triballeau | Afp | Getty Images
U.S. stock futures jumped after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m.
Dow futures jump over 400 points on hopes of last minute Iran deal; Oil prices fall
Futures on Wall Street have surged after the close of regular trading on Tuesday, April 7, local time, on hopes of a last minute deal or extension of the deadline given by US President Donald Trump, before the US attacks civilian infrastructure in Iran.
The Dow futures surged as much as 400 points,
Read MoreWhy Better Home & Finance Holding Stock Trounced the Market on Tuesday
Better Home & Finance Holding (BETR +12.12%) continues to accumulate financial resources for its core activity, and investors were there for it on Tuesday. They collectively lifted the stock’s price by over 11% that trading session, which easily beat the essentially flat trajectory of the bellwether S&P 500 index.
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Read MoreVanguard S&P 500 ETF vs. Vanguard Total Stock Market ETF: Which Is More Likely to Survive a Stock Market Crash or Recession?
Major market indexes are still shaky, as uncertainty around oil prices and the war in the Middle East continues to rattle the global economy. Now more than ever, it’s crucial to invest in strong stocks and funds that can withstand volatility.
The Vanguard S&P 500 ETF (VOO +2.52%) and the Vanguard Total Stock Market ETF (VTI +2.54%) are incredibly popular and powerful funds.
Read MoreThe Burst
Is This 12.2% Yield ETF Too Good to Be True?
Looking for serious income from your portfolio? The ProShares NASDAQ-100 High Income ETF (IQQQ) might catch your eye. This covered call ETF is engineered to generate sizable payouts through the use of derivatives — and on the surface, its double-digit yield looks almost too good to pass up.
But before diving in,
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Read MoreThe Ivy
Is the Market Flashing Red?
Warren Buffett isn’t a market timer. Never has been, never will be. Instead, he’s a value hawk, someone who circles the skies looking for bargains and only swoops in when the numbers justify it. In his 1994 letter to shareholders, Buffett put it plainly: “We try to price, rather than time, purchases.”
That simple principle explains why he often appears to be doing… well,
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Read MoreThe Spotlight
10 Billion Reasons To Own This Recession-Proof Stock
With concerns of an impending recession looming large and Goldman Sachs pivoting away from momentum stocks to value stocks, one stock that may fit the bill is Procter & Gamble.
Although the share price has been somewhat volatile subsequent to fiscal Q4 2024 earnings results, P&G bounced back nicely to make an assault on all-time highs.
» Read more about: 10 Billion Reasons To Own This Recession-Proof Stock »