Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy. The alternative asset manager has indicated in recent days it would be willing to make an equity-like investment of as much as $5 billion in Intel, said one of the people, who asked not to be identified discussing confidential information. Intel executives have been weighing Apollo’s proposal, the people said. Nothing has been finalized, the size of the potential investment could change and discussions…
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Dave Ramsey Tells 29-Year-Old $1M In Debt And Spending Like She’s In Congress: ‘I’m Getting Ready To Destroy Your Life As You Know It’Many people in their 20s deal with credit card debt or student loans, sometimes thinking they’ll figure it out later. But what happens when that debt piles up to nearly a million dollars? That’s the reality a 29-year-old named Channing from Washington D.C. faced during an episode of The Dave Ramsey Show.Don’t Miss:Channing and her husband were grappling with nearly $1 million in debt, a number that had Ramsey quickly diving into tough-love mode. Sure, he’s seen…
By Bharath Rajeswaran BENGALURU (Reuters) -India’s NSE Nifty 50 and S&P are trailing only Wall Street’s Nasdaq and as top-performing indexes this year, with analysts expecting the rally to extend into 2025. The Nifty and Sensex have gained 18.7% and 17% respectively in 2024, securing the third and fourth spots among major global bourses. The Nasdaq and S&P have added approximately 22% and 20.5%, slightly ahead of the Indian benchmarks. 225 and follow India, rising 13% and 12%, respectively. Earlier this week, India’s weightage in a key MSCI index topped China for the first time. “We expect the Fed rate…
This article explores the dynamics of angel investing through the lens of celebrated mathematical theories of self-organized criticality (SOC) and fractal behavior. Return distributions from AngelList data highlight the presence of power law returns. This has significant implications for portfolio construction, investment strategies, and diversification; notably, the potential for significant contributions from a handful of angel investments. Angel investing, known for its potential for extraordinary returns, mirrors natural phenomena characterized by SOC and fractal behavior. This exploration draws parallels to patterns and phenomena observed in nature like earthquakes, avalanches, and brain synapses. Understanding these dynamics will provide unique insights and…
(Reuters) – Citigroup’s expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up a standalone securities firm because it hasn’t yet received a clearance letter from the U.S. Fed verifying its regulatory standing, which is required by Chinese authorities, Bloomberg said. Citi was instructed to resolve its data management problems at home, after being hit with a combined $136 million in fines in July, the report said. The fines…
Three years ago, the London-based International Council on Mining and Metals announced a bold commitment: the world’s 28 largest mining companies pledged to achieve net-zero carbon emissions by 2050. This… Source link
As the election approaches, managed care organizations face significant regulatory risks associated with US healthcare spending that could damper industry profitability.Fortunately for investors in managed care organizations, we think the near-term regulatory risks of this election cycle look manageable, despite current pockets of weakness in Medicare Advantage, Medicaid, and pharmacy benefit management.Some of these near-term regulatory risks are even creating opportunities for long-term MCO investors. We keep our moat ratings at narrow for the six publicly traded MCOs that we cover, which insure over half of the US. That includes Humana HUM, Centene CNC, CVS CVS, Elevance ELV, UnitedHealth UNH,…
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023.Raul Ariano | Bloomberg | Getty ImagesAsia-Pacific markets opened lower Monday as investors assessed monetary policy decisions from Japan and China on Friday after U.S. Federal Reserve’s sharp rate cut sent markets higher last week.Data last Friday showed China’s youth unemployment rate rose for a second straight month to its highest level this year, according to the National Bureau of Statistics, as the labor market cools down amid a weakening economy.Despite growing calls for lower interest rates, the People’s Bank of China unexpectedly left its key…
It’s hard not to get caught up in the hype with artificial intelligence (AI) when analysts are projecting so much growth. Grand View Research projects that by 2030, the AI market will be worth $1.8 trillion, up from approximately $279 billion this year. With growth like that, investors who don’t own AI stocks could feel like they’re missing out.But buying shares of chipmaker Nvidia or other AI stocks that have already generated massive returns may not be all that enticing given their lofty valuations. Buying at these high levels could limit the gains you make from a stock both in…
SINGAPORE (Reuters) – was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in both the United States and Japan, hitting its highest level in two weeks at 144.50 yen. It was around 144.08 early on Monday. The Bank of Japan (BOJ) left interest rates unchanged last week and indicated it was not in a hurry to hike them again. That…