Advertisement
Canada markets open in 22 minutes
  • S&P/TSX

    21,740.20
    -159.79 (-0.73%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CAD/USD

    0.7234
    -0.0019 (-0.26%)
     
  • CRUDE OIL

    84.77
    -0.64 (-0.75%)
     
  • Bitcoin CAD

    87,152.97
    -4,066.57 (-4.46%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,391.50
    +8.50 (+0.36%)
     
  • RUSSELL 2000

    1,975.71
    -27.47 (-1.37%)
     
  • 10-Yr Bond

    4.6450
    +0.0170 (+0.37%)
     
  • NASDAQ futures

    17,894.75
    +18.50 (+0.10%)
     
  • VOLATILITY

    18.54
    -0.69 (-3.59%)
     
  • FTSE

    7,865.73
    -99.80 (-1.25%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • CAD/EUR

    0.6798
    -0.0026 (-0.38%)
     

Why Icahn Enterprises LP Is Plunging Today

Why Icahn Enterprises LP Is Plunging Today

Icahn Enterprises LP (NASDAQ: IEP), a master limited partnership (MLP), can't seem to find a bottom. IEP's units appear to be reacting negatively to a long-form tweet by billionaire hedge fund manager Bill Ackman Wednesday afternoon. In the tweet, Ackman called the continued tolerance of IEP's margin lenders into question in the wake of Hindenburg Research's May 2 short report, and the MLP's subsequent multibillion-dollar decline in value.