The Los Angeles Post
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Today: April 11, 2025
Today: April 11, 2025
David French

David French

Staff Writer

Latest From David French

Business|Finance|US

Solomon Partners hires Evercore's Krumpelman to bolster financial services dealmaking

Solomon Partners has hired Tannon Krumpelman as a partner in its financial services unit, as the boutique advisory firm seeks to win more business from advising on

Solomon Partners hires Evercore's Krumpelman to bolster financial services dealmaking
Business|Economy|Finance|Stock Markets|US

Trump tariff tailspin worsens, Nasdaq confirms in bear market

Wall Street nosedived for a second straight day on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction, as

Trump tariff tailspin worsens, Nasdaq confirms in bear market
Business|Economy|Finance|Political|Stock Markets|US

Wall Street ends with heavy losses as Trump tariffs ignite global recession fears

Wall Street benchmarks slumped on Thursday, ending with the largest single-day percentage losses in years, as U.S.

Wall Street ends with heavy losses as Trump tariffs ignite global recession fears
Business|Economy|Political|Stock Markets|US

Wall Street ends up, but Trump tariff speech sends futures lower

U.S. stock indexes finished higher after a choppy trading session on Wednesday, falling early and then rebounding as investors made last-minute bets to position themselves

Wall Street ends up, but Trump tariff speech sends futures lower
Business|Economy|Finance|US

ConocoPhillips eyes sale of Oklahoma assets worth over $1 billion, sources say

ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people

ConocoPhillips eyes sale of Oklahoma assets worth over $1 billion, sources say
Business|Economy|Political|Stock Markets|US

S&P, Nasdaq end higher as Wall Street gyrates in Trump-tariffs limbo

The S&P 500 and the Nasdaq Composite both closed higher on Tuesday, after a topsy-turvy day on Wall Street dominated by investor angst ahead of the impending tariff

S&P, Nasdaq end higher as Wall Street gyrates in Trump-tariffs limbo
Economy|Finance|Political|Stock Markets|US

S&P, Nasdaq post big quarterly percentage drops on Trump tariff turmoil

The S&P 500 and the Nasdaq Composite posted on Monday their worst quarterly performances since 2022, as uncertainty around the Trump administration's economic agenda roiled

S&P, Nasdaq post big quarterly percentage drops on Trump tariff turmoil
Business|Economy|Finance|US

Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say

Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion

Business|Economy|Finance|US

Energy trader Vitol eyes $3 billion sale of US shale producer, sources say

Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas

Energy trader Vitol eyes $3 billion sale of US shale producer, sources say
Business|Economy|Finance|Political|US

Big bank deals stalled by Trump volatility even as officials signal deregulation

Big banks are holding off on acquisitions and staying cautious about the Trump administration's pledges to unleash dealmaking, according

Big bank deals stalled by Trump volatility even as officials signal deregulation
Business|Economy|Political|Technology|US

AI to fuel bumper year for M&A in US power sector

Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious appetite for assets as

AI to fuel bumper year for M&A in US power sector
Business|Economy|Political|US

Kimmeridge eyes more Canada oil and gas activism amid trade war, underperformance

Kimmeridge Energy Management will pursue more activism among Canadian oil and gas producers, a senior executive told Reuters on Tuesday, as it targets

Kimmeridge eyes more Canada oil and gas activism amid trade war, underperformance
Business|Economy|Political|US

BlackRock CEO Fink says nationalistic US policies to stoke inflation

BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the

BlackRock CEO Fink says nationalistic US policies to stoke inflation
Business|Economy|Finance|Stock Markets|US

Equitable to use funds from reinsurance deal to boost AllianceBernstein stake

Equitable Holdings will announce on Monday it aims to raise its stake in money manager AllianceBernstein Holding after striking a new reinsurance deal that will unlock more

Equitable to use funds from reinsurance deal to boost AllianceBernstein stake
Business|Economy|MidEast|Travel

Riyadh Air CEO says airline supply chain issues starting to improve

Supply chains for major planemakers Boeing and Airbus are showing signs of moderate improvement, the chief executive of Saudi start-up Riyadh Air said on Thursday.

Riyadh Air CEO says airline supply chain issues starting to improve
Asia|Australia|Business|Economy|Political|US

Australia's Woodside in talks with at least three partners for Louisiana LNG, sources say

Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas plant, including Tokyo Gas, Japan's JERA and

Australia's Woodside in talks with at least three partners for Louisiana LNG, sources say
Business|Economy|Finance|Stock Markets|US

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say

Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S.

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say
Business|Economy|Finance|US

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say

Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say
Business|Economy|Finance|Technology|US

Blackstone to buy $1 billion Virginia power plant near data centers

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal

Blackstone to buy $1 billion Virginia power plant near data centers
Business|Economy|Finance|Stock Markets|US

Investors balked at Venture Global's earnings outlook before IPO price cut

Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at

Investors balked at Venture Global's earnings outlook before IPO price cut
Business|Economy|Finance|Stock Markets|US

Private equity mega-exits become more valuable amid slow investor payouts

Calpine Corp's $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer's owners, but has also stoked hopes within the

Private equity mega-exits become more valuable amid slow investor payouts
Uncategorized

Wall Street gives up gains as pop from July inflation data fizzles

– Wall Street’s main indexes gave up early gains to trade mostly flat on Thursday, as initial optimism over milder-than-feared inflation data gave way to longer-term concerns about the state of the U.S. economy and whether stocks had much room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further

Wall Street gives up gains as pop from July inflation data fizzles
Uncategorized

Wall Street ends flat, after pop from July inflation data fizzles

– Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline number notching annual rise of 3.2% and the core up 4.7%. In the first hour of trading, the three benchmark indexes advanced more than 1% as traders bet the U.S. Federal Reserve would stop further monetary tightening in 2023 and start cutting interest rates early

Wall Street ends flat, after pop from July inflation data fizzles
Business|Finance|US

Sixth Street appoints Alvarado to run US real estate investments

Sixth Street has appointed Marcos Alvarado as its head of U.S. real estate, according to a statement on Tuesday, as it seeks further investments in a sector starved of

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