1. Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company

    Starbucks Spikes After Hedge-Fund Billionaire Bill Ackman Discloses a Stake in the Company
    • Bill Ackman, the billionaire founder of Pershing Square Capital Management, disclosed a stake in Starbucks on Tuesday, according to multiple reports.
    • Starbucks shares jumped by as much as 5% following the news.
    • In August, Ackman said he had bought shares of an undisclosed company worth $800 million.
    • Watch Starbucks trade in real time here.

    Starbucks shares jumped by as much as 5% Tuesday on news that the hedge-fund billionaire Bill Ackman had bought a stake in the coffee retailer...

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