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The timeline for the initial public offering of billionaire investor Bill Ackman’s new investment fund Pershing Square USA appeared to get a bit hazier on Friday, according to the New York Stock Exchange — though the fund claimed it was still moving ahead with the offering.
U.S. stocks rebounded Friday after a turbulent week for the S&P 500.
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company.
The selloff in U.S. semiconductor and megacap stocks has sucked up most of investors’ attention over the past couple of weeks. But they aren’t the only momentum trades that have stopped working.
Charter lost fewer internet subscribers than expected in the second quarter, though subscriber losses in its video business were steeper than what analysts were modeling.
The maker of Post-it Notes, Scotch tape and Command strips beat second-quarter earnings expectations and raised its full-year outlook.
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