(Reuters) -Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said on Monday. The sale is a precursor to a potential initial public offering that could happen next year or in 2026. Investors are valuing the firm at $10.5 billion,...

07:21 AM EDT, 06/03/2024 (MT Newswires) -- Amazon.com ( AMZN ) founder Jeff Bezos sold about 1.1 million shares of the company at the end of May, a regulatory filing on Friday showed. Bezos sold 431,426 shares on May 29 and 667,260 shares on May 30, according to the filing. Another filing on Friday revealed that about $117 million from...

June 3 (Reuters) - Nvidia ( NVDA ) led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia's ( NVDA ) market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month,...

07:23 AM EDT, 06/03/2024 (MT Newswires) -- GameStop ( GME ) 's share price surged more than 85% in recent premarket activity Monday after trader Keith Gill posted on his Reddit account Roaring Kitty a screenshot showing five million shares bought at $21.27 each, amounting to an almost $116 million bet on the game retailer. The screenshot also showed 120,000...