Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management’s co-president Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024.  That call so far has paid off. But higher-for-longer rates haven’t necessarily been a tailwind for the private-equity industry as
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Standard Digital Weekend Print + Standard Digital wasnow 69 € per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+
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Struggling Pennsylvania hospital chain Tower Health plans to exchange current debt and raise additional funds as it pursues a turnaround.  The system, trustee and bondholders of about $992 million in debt are supporting an exchange of “substantially all” existing bonds, according to a May 31 agreement that Tower Health disclosed in a filing Monday on
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Language learning app Duolingo was forced to remove all LGBTQ references in Russia after being warned by the Kremlin that publishing the content would be considered an act of “extremism.” Roskomnadzor, Russia’s communications regulator, told the Pittsburgh-based company that it had to censor material promoting “non-traditional sexual relations.” and LGBT propaganda. Russian strongman Vladimir Putin
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Loading… Loading… Cat-themed cryptocurrency Kitty AI KITTY/USD surged Thursday as the countdown to the YouTube livestream of controversial trader Roaring Kitty began. What Happened: The Solana SOL/USD -based memecoin moved 65% higher, with trading volume more than doubling to $8.73 million in the last 24 hours, according to data from CoinMarketCap. The cryptocurrency rallied handsomely
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Share Tweet By Tr Goins-Phillips Editor June 5, 2024 In the aftermath of former President Donald Trump’s unprecedented conviction, controversial Pastor Mark Driscoll began pleading on social media for Jesus’ return ahead of Election Day in November. “Lord Jesus, we would humbly request that you return before November 5,” he wrote on X. Lord Jesus
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Some Americans believe that real estate is the best long-term investment. If you’re among them, real estate investment trusts, or REITs, might be the easiest way to tap the market.  About 36% of surveyed Americans ranked real estate as the top long-term investment, more than cited stocks or mutual funds (22%), gold (18%), and savings
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