Today: September 16, 2024
Today: September 16, 2024

Latest From Echo Wang

Business|Finance|Stock Markets

Carlyle Q2 profit misses, shares drop amid market sell-off

Private equity firm Carlyle Group reported a larger than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as record revenue from

Carlyle Q2 profit misses, shares drop amid market sell-off
Business|Economy|Finance

Apollo Global's flat quarterly earnings miss expectations

Apollo Global Management reported flat second-quarter adjusted net income on Thursday, missing Wall Street expectations as a spike in revenue generated from fees was

Business|Economy|Finance

KKR's second-quarter net income soars by 49% on higher fees

Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, transaction and

KKR's second-quarter net income soars by 49% on higher fees
Business|Finance|Stock Markets

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024

Lineage, the world's largest operator of cold-storage warehouses, raised $4.44 billion in its U.S. initial public offering, setting it up for the biggest stock market

Logistics giant Lineage raises $4.44 billion in biggest IPO of 2024
Business|Finance|Stock Markets|Technology

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say

Financial software maker OneStream, which is backed by private equity firm KKR, priced its U.S. initial public offering (IPO) above its indicated range on Tuesday,

KKR-backed OneStream prices US IPO above range to raise $490 million, sources say
Business|Economy

Blackstone posts modest Q2 profit jump on private equity, credit gains

Blackstone said on Thursday its second-quarter distributable earnings rose 3% from a year earlier, as a jump in asset sales in its private equity and credit divisions

Blackstone posts modest Q2 profit jump on private equity, credit gains
Economy

KKR-backed BrightSpring set to price IPO below targeted range-source

BrightSpring Health Services, which is owned by private equity firm KKR & Co, is considering pricing its initial public offering at below its targeted range,

Business|Economy

KKR seeks $20 billion for new North America buyout fund

KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it

KKR seeks $20 billion for new North America buyout fund
Business|Economy|Technology

S&P, Nasdaq end lower as Nvidia drags the tech sector for second day

The S&P 500 and Nasdaq closed marginally lower on Friday, weighed down by a decline in Nvidia shares for a second straight day, which dragged down the technology sector.

S&P, Nasdaq end lower as Nvidia drags the tech sector for second day
Business|Economy|Technology

S&P 500 closes lower after record high, weighed by chips stocks, economic data

The S&P 500 and Nasdaq closed lower on Thursday, as market bellwether Nvidia retreated from earlier gains, while investors evaluated recent economic data and commentary from

S&P 500 closes lower after record high, weighed by chips stocks, economic data
Business|Economy|Technology

S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales

The S&P 500 and Nasdaq closed at record highs on Tuesday, buoyed by Nvidia's continued surge to new peaks, while the Dow ended barely higher in subdued pre-holiday trading

S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
Economy|Technology

S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments

The S&P 500 and Nasdaq scored record closing highs on Monday as technology shares rallied on enthusiasm over artificial intelligence ahead of this week's economic data and

S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
Business

Exclusive-Reddit's IPO as much as five times oversubscribed, sources say

Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the

Exclusive-Reddit's IPO as much as five times oversubscribed, sources say
Business

Exclusive-Citigroup probes senior IPO banker over bullying claims

Citigroup is investigating workplace harassment allegations made by at least one employee against a senior U.S. banker who works on initial public offerings, four

Exclusive-Citigroup probes senior IPO banker over bullying claims
Business

Exclusive-Vista Equity seeks to tap banks for Solera IPO-sources

Private equity firm Vista Equity Partners is seeking to hire investment banks for a U.S. initial public offering of Solera, a provider of software to the automotive and

Exclusive-Vista Equity seeks to tap banks for Solera IPO-sources
Business

Amer Sports' China reliance weighs on 2024's first big IPO -sources

Amer Sports' growing reliance on China for its revenue is weighing on the appetite of those considering buying into the sporting equipment maker's $1.8 billion U.S.

Amer Sports' China reliance weighs on 2024's first big IPO -sources
Business

Analysis-After US IPO stumbles, companies under pressure to offer bargains

Companies pursuing U.S. initial public offerings (IPOs) after a string of lackluster stock market debuts are receiving advice from investment bankers to lower their

Analysis-After US IPO stumbles, companies under pressure to offer bargains
Business|Economy

Cruise operator Viking prices IPO within range to raise $1.54 billion

Cruise operator Viking Holdings on Tuesday priced its initial public offering (IPO) within its targeted range at $24 per share, confirming a Reuters report on the matter.

Cruise operator Viking prices IPO within range to raise $1.54 billion
Economy

Exclusive-China's sovereign fund appoints new North America chief -sources

China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and

Exclusive-China's sovereign fund appoints new North America chief -sources
Business|Economy|Technology

China's Zeekr prices US IPO at top of range to raise $441 million

Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range, raising

China's Zeekr prices US IPO at top of range to raise $441 million
Business|Economy|News

Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?

Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
Business|News

Trump poised to clinch $1.3 billion social media company stock award

Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the

Trump poised to clinch $1.3 billion social media company stock award

Follow