Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024.
Kategorie-Archiv: CNBC Financial News
Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence after the 2008 financial crisis.
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024.
Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt
A group of Credit Suisse bondholders have filed a lawsuit over the Swiss government’s decision to write down the failed bank’s Additional Tier 1 debt.
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese EV company Nio plans to expand to the Middle East this year, and begin delivering vehicles under a third brand in the first half of next year.
China’s Alibaba is courting European and U.S. small businesses as it goes global
Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe.
The low-end consumer ‚is really being stretched,‘ says Five Below CEO
U.S. consumers may still be feeling the effects of inflation for quite some time, according to Five Below CEO Joel Anderson.
GameStop shares jump more than 40% as ‚Roaring Kitty‘ schedules YouTube livestream for Friday
Shares of GameStop shot to session highs Thursday after „Roaring Kitty“ scheduled a livestream on YouTube, which would be his first one in almost four years.
GameStop shares drop after retailer posts 29% sales decline, reveals stock sale plan
GameStop reported its fiscal first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line.
Salesforce to open new AI center in London as part of $4 billion UK investment
Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.