When Savita Subramanian, head of US equity strategy at Bank of America, raised her outlook for stocks at the end of last year, there was a lot of skepticism that equities could go any higher. The S&P 500 had already surged on expectations that the Federal Reserve would start cutting rates in 2024. And investors … Read more
Stocks dropped after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data on US job openingsBloomberg Terminal and factory goods ordersBloomberg Terminal added to skepticism about the pace of Federal … Read more
Stock Market Today: Dow, S&P Live Updates for April 1 Bloomberg Source link
Private equity giants operating in Asia are confident in their core business, but they are eyeing alternative assets such as private credit and infrastructure to generate better returns. As total deal value and fundraising in the Asia-Pacific private equity market slumped to the lowest in a decade in 2023, Apollo Global Management, Partners Group and … Read more
Stock Market Today: Dow, S&P Live Updates for March 19 Bloomberg Source link
Published: Dec. 18, 2023 at 2:27 a.m. ET By Ian Walker Unilever is selling the Elida Beauty business to Yellow Wood Partners for an undisclosed sum, as part of the company’s plan to optimize its personal care portfolio and grow its power brands. The Anglo-Dutch consumer goods company–which houses Ben & Jerry’s ice cream and … Read more
Goldman Sachs Group Inc. plans to ramp up its credit business in India and sees an increasing opportunity to target the nation’s wealthy diaspora as global investors shift their focus from China to what is now the world’s fastest-growing major economy. The investment bank wants to broaden the range of loans it offers through its … Read more
In 2021 alone, more than 1,500 British companies – many of them household names – vanished into private hands including supermarket chain Morrisons, defence supplier Ultra Electronics, and security giant G4S. Private equity chalked up $1.3tr worth of deals worldwide – shattering the previous high of $670bn set in the year before Lehman Brothers imploded. … Read more
Jon Gray, the president of Blackstone Group, the world’s biggest alternative asset investment firm with $1tn under management, is watching for signs of an economic slowdown in the coming months. “So I think the Fed is going to slow the economy. And that’s really their objective, right?” Gray said in an interview with Private Equity News’ sister … Read more
Programming note: Money Stuff will be off tomorrow, back on Monday. One thing that JPMorgan Chase & Co., one of the world’s biggest banks, wants to do is lend money to big corporate and private equity clients. In many ways, JPMorgan seems well suited to doing this: As a giant bank with more than $3 … Read more