Author: Press Room
Still, private-equity companies remained active in the space and were responsible for 38% of the deals in the media and marketing sector last year, according to the advisory firm Ciesco.With interest rates stabilizing and global private-equity dry powder estimated to stand at more than $2.5 trillion, experts predict private equity M&A activity will tick up in 2024.”We started to see a lot of inquiries and outreach in late December from different firms, strategics, and PE asking us what we were representing and giving us their mandates,” said Bob Morris, cofounder and managing partner of the Bravery Group, an advisory firm.Areas…
As Reddit prepares to go public, the social-media company issued an unusual warning to investors. Redditors set off the mania that caused stock prices to go wild for GameStop and other companies.Reddit flagged that the same thing could happen around its big initial public offering. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app GameStop, AMC, and other companies saw huge swings in their stock prices starting in 2021, thanks to chatter on the social-media platform Reddit.As Reddit gears up for its much-anticipated initial public offering next month, it’s publicly…
The old behemoth that was General Electric (NYSE:GE) in the 90s and 2000s and that legendary CEO Jack Welch built is no more. Headed by CEO Larry Culp who took over a debt-ridden, bloated and inefficient entity in 2018, GE has completed a series of divestments and spin-offs to restructure itself, emerging as a fully transformed new company. Following the spin-off of GE Healthcare in 2023 and with its power and energy division Vernova having spun-off earlier this week, the new GE (now known as GE Aerospace) will be laser-focused on the Aerospace and Defense markets and sport a lean…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disney has defeated a challenge to its board from activist investor Nelson Peltz, handing a definitive victory to chief executive Bob Iger and ending one of the most expensive and closely watched boardroom battles in history.The entertainment giant on Wednesday announced shareholders had voted in favour of its 12 nominees “by a substantial margin”. Large investors, including Vanguard and BlackRock, backed Disney in a blow to Peltz’s Trian Partners. About a third of Disney’s shareholder base is composed of individuals — many…
President Joe Biden teamed up Wednesday with Sen. Bernie Sanders, his one-time 2020 Democratic primary rival and a leader in Congress’ progressive wing, to promote efforts to lower the cost of prescription drugs, including inhalers, at a White House event on Wednesday. The event gave Biden an opportunity to flex his progressive bonafides while also making the case to Americans that his administration has taken steps to lower health care costs. Biden on Wednesday credited Sanders with laying the groundwork for his administration’s health care policies – the independent senator’s focus on “Medicare for all” was a major focal point of the 2020 Democratic presidential campaign and helped…
Ares Management Corp (NYSE:) Co-Founder David B. Kaplan has sold a significant portion of his holdings in the company, according to a recent filing with the Securities and Exchange Commission. Over the course of two days, Kaplan disposed of shares in a series of transactions valued at over $6.2 million. The sales occurred on March 20 and 21, 2024, with prices ranging from $131.80 to $137.48 per share. On March 20, Kaplan sold 22,000 shares at an average price of $131.80, followed by 9,222 shares at an average price of $132.67, and another 8,577 shares at an average price of…
Investing.com– Gold prices swelled to settle at an all-time high on Monday, underpinned by ongoing geopolitical tensions and bets on a Fed rate cuts ahead of testimony from Federal Reserve chairman Jerome Powell later this week. rose 1.5% to settled at a record of $2,126.30, while expiring in April 1.4% to $2,125.65 an ounce. Gold’s gains were driven by some soft U.S. economic data spurring bets that the Fed will cut interest rates by June. But anticipation of more cues from the central bank saw traders once again step back from big bets on the yellow metal. Other precious metals also retreated…
Investing.com– Most Asian currencies moved little on Wednesday amid caution before more signals on interest rate cuts from the Federal Reserve due later in the day, with the dollar sitting at two-week highs. The Japanese yen extended its declines after the Bank of Japan struck a largely dovish chord, despite for the first time in 17 years. Dollar at 2-week high before Fed signals on rate cuts The and rose slightly in Asian trade, with focus largely on the conclusion of a Fed meeting later in the day. The central bank is widely expected to . But any signals on…
(Reuters) – The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. But one question is dominating markets – will the Bank of Japan finally gear up to exit negative rates? Here is your week-ahead look at global markets from Rae Wee in Singapore, Lewis Krauskopf in New York and Dhara Ranasinghe, Bill Schomberg and Karin Strohecker in London. 1/WILL THEY, WON’T THEY? The two-day monetary policy meeting of Japan’s central bank beginning Monday could – at long last – very well…
In a letter to investors, Larry Fink, who is CEO of the massive investment firm Blackrock, warned that retirement “is a much harder proposition than it was 30 years ago. And it’ll be a much harder proposition 30 years from now.” One reason, he says: “As a society, we focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years.” Fink is exactly right, as far as he goes. But he ought to be thinking more broadly about the challenges of old age…
