Breaking News, Business, Politics, Technology
Wednesday, December 12, 2018
Apollo Global Management has announced attributable net income of $198.6 million during 3Q 2017, or $1 per share, blowing past reported analyst expectations of 61 cents per share and representing a YoY increase of nearly 110%. Apollo’s economic net income, […]
No doubt you’ve heard: President Donald Trump has appointed Federal Reserve governor Jerome Powell to be the next Fed chairman. Assuming US Senate approval, Powell would replace Janet Yellen when her term expires in February. Widely viewed as a policy […]
Payments startup TransferWise has raised a $280 million Series E, led by Old Mutual Global Investors and IVP. With the new investment, which also included funding from Sapphire Ventures, Japan’s Mitsui, and World Innovation Lab, the company is looking to […]
A strange dichotomy is at work in the US economy. Consumer confidence is off-the-charts high, spending is ramping up, the job market is tight, and household wealth-to-income ratios have never been higher. Yet there’s a nagging sense the good times […]
Last month, clothing delivery company Stitch Fix filed for its long-awaited IPO, revealing healthy financials and putting a spotlight on what’s likely to be a significant payday for its backers. The ecommerce industry has frequently proven to be a solid […]
In our latest analyst note, we explore the history of the secondary market and its rampant growth in recent years, with a record $34 billion raised so far in 2017. Several factors are drawing both buyers and sellers to the […]
AkzoNobel has confirmed it is in talks with US rival Axalta regarding a potential $30 billion merger. The Dutch company, which makes paint brands such as Dulux, has also said that the discussions would not affect the spinoff of its […]
Draper Esprit and its CEO and co-founder, Simon Cook (above), aren’t strangers to testing times on the public market. The VC firm floated in June last year, raising £102 million. Exactly a week later, the UK voted to leave the […]
The combined market cap of the so-called FAANG stocks-tech titans Facebook, Apple, Amazon, Netflix and Google-currently totals a staggering $2.7 trillion. If those companies were a country, they’d have the fifth largest economy in the world last year by GDP, […]
“Juicero is dead.” That’s the headline that ran in September when Juicero, which made cold-press juice machines that sold for several hundred dollars apiece, went under. The four-year-old company had previously generated a valuation of $459 million and raised $121 […]
