Wall Street

Dow drops 300 points to start the week as Wall Street rally wanes

Dow drops 300 points to start the week as Wall Street rally wanes

Stocks open lower Monday Stocks opened lower Monday as the summer rally waned ahead of the Federal Reserve’s Jackson Hole symposium. The Dow Jones Industrial Average fell 376 points, or by 1.12%. S&P 500 and Nasdaq Composite dropped 1.29% and 1.42%, respectively. —Sarah Min VIX at highest level since Aug. 3 A measure of stock …

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Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman to wind up SPAC, return $4 billion to investors

Bill Ackman during a Bloomberg Television interview on November 1, 2017. Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. Christopher Goodney | Bloomberg | …

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