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US Stock Futures Signal Slightly Higher Open Ahead Of Retail Sales Data

The U.S. stock index futures point to slightly higher open Wednesday, ahead of the U.S. retail sales data release by the Commerce Department scheduled at 13:30 GMT. Retail sales is expected to show a 0.1 percent rise in January, against a 0.5 percent increase registered in December as consumers eye smaller paychecks on the back of a recent tax increase.
William Ackman, Hedge fund manager and the founder of Pershing Square Capital

Herbalife Branded A Pyramid Scheme By Hedge Fund Manager Bill Ackman

Herbalife, which sells weight management and skincare products, is being denounced as a pyramid scheme by Bill Ackman, a hedge fund manager. Ackman claims Herbalife’s goal is not to sell products but getting individuals duped into selling business opportunities to their friends who, in turn, sell it to their friends.

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