Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%

Key Points

“We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones told CNBC’s “Squawk Box.”
The widely followed investor’s bearish comments came after Trump’s rollout of the highest levies on imports in generations shocked the world last month, triggering extreme volatility on Wall Street.

Source

Finance

Kalshi bettors see Powell staying on as Fed governor after chair term ends

April 29, 2026

Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source

Bill Ackman’s billion Pershing Square IPO to start trading, testing Berkshire-style vision

Finance

Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision

April 29, 2026

Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]

Finance

Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it

April 29, 2026

Key Points Blockworks wants to become a dominant data provider in the world of cryptocurrency and tokenized assets, according to co-founder Jason Yanowitz. The firm anticipates using the proceeds of its latest fundraising round extension to snap up some of its rivals and grow its footprint. “Crypto has a trust problem, and it is two-sided,” […]