Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Bill Ackman Warns Stock Market Has Become a "Casino," Blaming Leverage-Fueled Speculation

“Every number of days, I feel like markets are broken.”Bill Ackman, the billionaire investor and chairman of Pershing Square Capital Management, has compared the current stock market to a “casino,”…

  • Bill Ackman compared modern stock market to a casino driven by speculation.
  • Excessive leverage has turned market into risky environment like past with 95% leverage.
  • Ackman warns individual investors face significant risks with short-term leveraged products.

More from Wednesday 4 November →