Riverton, Wyoming, a city of about 11,000 people at the feet of the Wind River mountain range, seems far away from the world of Big Finance. Yet like so much of America, Riverton has become well acquainted with the business that most epitomizes today’s Wall Street: private equity. In 2018, the local hospital, SageWest, was … Read more
Good morning, it’s Georgie here in Sydney. Here’s what you need to know today… Today’s must-reads:• Lithium rush heats up with SQM’s $1 billion Azure buy• RBA staff threaten strike over pay• US stocks drop on a rout in Big Tech, Aussie futures flat Australia’s lithium frenzy continues with mining giant SQM winning over Perth-based … Read more
As the era of easy money and low-cost financing ends, middle market businesses are facing a reckoning. Rising real interest rates are pushing up the cost of commercial and industrial loans, making it harder for these firms to meet payrolls and finance their expansion, according to findings in the third-quarter RSM US Middle Market Business … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite
“Barbenheimer” aside, it was the summer from hell for Hollywood executives, and none more so than Bob Iger. In July he and fellow moguls Gulfstreamed to the jagged green mountains of Sun Valley, Idaho, for their annual retreat, where between power lunches and tandem bike rides they debated media deals and the impact of artificial … Read more
Good News: We Can Expect More Recessions in Future Bloomberg Source link
When I wrote about the challenging deal climate last week, I omitted two deals that could happen. Hollywood talent giant Creative Artists Agency is inching towards a sale. The company would like to sell for upwards of $7 billion, but it’s still not clear if it will get that sum. It was worth $5 billion … Read more
China’s AI push feels the heat from US ban on venture capital funding South China Morning Post Source link
Hi, it’s Crystal Tse in New York. Happy Friday. Today I’m bringing you highlights from an on-air chat my colleagues did with a top activism banker at Barclays. Plus we have an updates on sale efforts by Abcam and BlackBerry and two big IPO filings. Today’s top stories Jim Rossman, global head of shareholder activism … Read more
Startups Hunker Down in Europe as Funding Shrivels The Wall Street Journal Source link