Author: iannouncethis.com
Scott Kleinman, co-president at Apollo Management, says he would “personally bet against” interest rate cuts from the Federal Reserve next year and discusses the global deal environment, the firm’s outlook for 2024, and expectations for a “pretty sizeable correction” for the real estate market in general over the course of several years. He speaks with Francine Lacqua on the sidelines of the COP28 summit in Dubai. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ source
For all the attention paid to the highflying tech giants dubbed the Magnificent Seven, there’s another grouping that has kept right up with them, and with a lot lower risk. It’s called GRANOLAS, a term coined by Goldman Sachs during 2020 to refer to the largest European companies at that time: GSK GSK, Roche CH:ROG, ASML ASML, Nestle CH:NESN, Novartis CH:NOVN, Novo Nordisk NVO, L’Oreal FR:OR, LVMH FR:MC, AstraZeneca AZN, SAP SAP and Sanofi SNY. This chart shows, in total return terms since January 2021, that the GRANOLAS grouping has kept right up with the Magnificent Seven of Amazon.com AMZN,…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000 irregularities in crypto tax statements, and Argentine President Javier Milei warns there will be no dollarization this […] Source link
Evictions and repossessions are on the rise – as the Law Society of England and Wales warned that housing legal aid must be made available to tenants in need. Quarterly statistics from the Ministry of Justice for October to December 2023, show that mortgage possession claims increased by 39% and landlord possessions (evictions) increased by 14% compared to the same quarter last year. Richard Atkinson, vice president of the Law Society, said: “The rising number of evictions and repossessions remains a significant worry, as we are deeply concerned about the state of the housing legal aid system. “With the cost-of-living…
Etsy Inc., once known as a quirky marketplace for handmade, artisanal and vintage items, seems to be moving further away from its origins amid a much tougher e-commerce landscape and the impact of AI.Etsy ETSY, +4.83% will be marketing to a whole new audience on Sunday, when its first Super Bowl commercial will run. The 30-second ad is quirky; it depicts a generic 19th-century American leader who’s flummoxed over how to reciprocate France’s gift of the Statue of Liberty. With the help of an anachronistic smartphone, he and his team search on Etsy using its new Gift Mode option, and…
Key Takeaways R&B singer and songwriter Usher has a net worth of $180 million, according to Celebrity Net Worth. In 2023, Usher made $40 million from 34 shows at his residency at Las Vegas’ Dolby Live stage.In 2005, Usher invested about $9 million and became a part-owner of the Cleveland Cavaliers, with an estimated 1% stake in the basketball team, according to Forbes.Usher was among the original artist partners for Jay-Z’s music streaming platform Tidal. Grammy Award-winning R&B singer and songwriter Usher is headlining Super Bowl LVIII in Las Vegas on Sunday, where the San Francisco 49ers will face off against…
May.14 — Corporate insiders including Amazon’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped boost fortunes to the tune of trillions. Bloomberg’s Devon Pendleton has more on “Bloomberg Markets: The Close.” source
Listen to this story. Enjoy more audio and podcasts on iOS or Android.Your browser does not support the <audio> element.SIX YEARS ago, before anyone had heard of ChatGPT, Vladimir Putin said that the country that led the development of artificial intelligence (AI) would become the “ruler of the world”. He echoed the sentiment in December, when he suggested that Russia should “head and lead” the march of AI. Those comments came in response to a video-caller during a televised phone-in who had taken on the Russian president’s likeness using an apparently AI-generated deepfake, seemingly startling the real-life strongman for a…
Kevin Svenson, a crypto analyst on YouTube, recently provided an analysis of the future price trajectory of Bitcoin, predicting a strong surge to $100,000 this year. According to the analyst, BTC is poised to go parabolic after its halving in April as the crypto is looking very bullish on the weekly chart. The halving cuts the block reward for Bitcoin miners in half, reducing the supply of new Bitcoins in circulation. With demand remaining steady or increasing, the reduced supply has been historically known to drive up the price of BTC. Bitcoin Parabolic Surge Not Far Off Bitcoin is currently…
The former chief executive of WeWork Adam Neumann has attempted to buy his beleaguered former company back. He approached the bankrupt firm about a potential deal in December, while a letter from Neumann’s advisers was sent to the company on Monday, which expressed dismay at WeWork’s lack of engagement in the idea. The approach has come from Neumann’s new real estate company, Flow Global, which has already raised $350 million from the venture capital firm Andreessen Horowitz. Michael Kovacs, founding partner of fellow office company Castleforge, said: “Neumann created what is arguably the most recognised flexible office brand in the…