William A. Ackman will soon purchase the penthouse apartment of One57, the luxurious 90-story hotel and condominium building. The silver-haired hedge fund mogul gestured toward the glittering glass building on 57th Street from the conference room of Pershing Square Capital Management in Midtown Manhattan. The Winter Garden, as the penthouse was called, will be acquired for no more than 90 million … [Read more...]
Dow Sees the Biggest Decline Since June & the S&P Records -0.48%
This week looked extremely promising for investors. On Thursday, stocks seemed very profitable, but until Friday everything changed. This left a bit of a sour note, especially since stocks for the Dow became lower than how they were at the beginning of the week. Also, record highs that the S&P 500 had been achieving during the week were completely erased. Ultimately, the changes on Friday … [Read more...]
