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MARKETWATCH FRONT PAGE
Pershing Square Capital Management hedge-fund manager Bill Ackman told investors on a call on Wednesday that he is dumping Warren Buffett’s Berkshire Hathaway. The stocks he bought more of and is keeping are worth paying attention to. See full story.
Revoking Hong Kong’s special status is Trump’s ‘nuclear option’ that could trigger irrevocable U.S.-China split, analysts warn
Secretary of State Mike Pompeo declared Hong Kong to be no longer autonomous from China Wednesday, a move that further increases U.S.-China tensions and could pave the way for changes to U.S. policy toward Hong Kong that could have massive ramifications for the Hong Kong, Chinese and American economies. See full story.
Trump to sign executive order on social-media companies on Thursday
President Donald Trump is poised to sign an executive order on social media companies Thursday, escalating his war on Twitter Inc., although it remains unclear what it will entail. A White House spokesperson confirmed the order late Wednesday, a day after Twitter issued its first fact-checking warning label to some of his tweets. See full story.
Man shot dead amid violent George Floyd protests in Minneapolis
Minneapolis cops are investigating reports that the victim was a looter shot dead by an owner of the business, police department spokesman John Elder said at press briefing early Thursday. See full story.
Investor turns $100,000 into $2.2 million — now he’s banking on a cruise line to reach his early retirement goals
The buy-and-hold approach to the stock market generally isn’t a celebrated strategy among Reddit’s “Wall Street Bets” bunch, but more than a few glasses are being raised for one member of the meme-making trading community who claims to have made an absolute killing in recent years. See full story.
MARKETWATCH PERSONAL FINANCE
For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows. See full story.
