Dell Considers IPO, Billionaire Investor Bets on Nike
U.S. computer giant Dell is reportedly considering a major shake-up, which could include an acquisition or an IPO. The board, under pressure to increase growth, will meet this month to explore its options. Talks for a potential IPO are still in the early stages.
Bill Ackman's Pershing Square Capital is betting big on Nike. The activist investor recently revealed that he took a passive stake in the sneaker company in October. Ackman reportedly isn't interested in changing the path Nike is on, but rather believes in the current strategy for the company.
The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high-interest rates and a hazy outlook for the economy.
The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers.
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
