Leveraged-Loan Outflows Poised to Be Most Since 2023 Bank Crisis, Says JPM:
Funds that invest in leveraged loans are on track to suffer their biggest weekly ...
bloomberg.com/news/articles/2024-08-06/leveraged-loan-outflows-poised-to-be-most-since-2023-bank-crisis
Story Details
| Last Updated | Aug 06 |
| Total Articles | 5 |
Leveraged-Loan Outflows Poised to Be Most Since 2023 Bank Crisis, Says JPM: Funds that invest in leveraged loans are on track to suffer their biggest weekly ...
bloomberg.com/news/articles/2024-08-06/leveraged-loan-outflows-poised-to-be-most-since-2023-bank-crisis
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Leveraged-Loan Outflows Poised to Be Most Since 2023 Bank Crisis, Says JPM: Funds that invest in leveraged loans are on track to suffer their biggest weekly ...
bloomberg.com/news/articles/2024-08-06/leveraged-loan-outflows-poised-to-be-most-since-2023-bank-crisis
Insurance With Assurances: The benefits of cash-value life insurance and why BOK Financial Private Wealth is a leading source for wealth-protecting policies.
robbreport.com/partners/bok-financial-insurance-with-assurances-phx-kc-1235833740/
Amundi, First Eagle Tie-Up Offers US Private Credit to Wealthy Individuals: Amundi SA and First Eagle Investment Management are looking to raise as much as $5 ...
bloomberg.com/news/articles/2024-09-05/amundi-tie-up-offers-us-private-credit-to-wealthy-individuals
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Simelane ‘didn’t get money from VBS Bank but Gundo, and saw no conflict’: Justice minister briefs parliamentary committee about a loan she took from VBS ...
timeslive.co.za/politics/2024-09-06-simelane-didnt-get-money-from-vbs-bank-but-gundo-and-saw-no-conflict/
She was looking to invest in real estate and a condo developer’s mortgage incentive sealed the deal
thestar.com/life/autos/she-was-looking-to-invest-in-real-estate-and-a-condo-developers-mortgage-incentive-sealed/article_626c8b04-64ab-11ef-ba98-33ef0ad06b14.html
SeekingAlpha Sep 06
Eagle Point Credit: 19% Yield On Common And 8.7% On Preferred Equity: Eagle Point Credit's Series D preferred shares are a solid investment with an 8 ...
seekingalpha.com/article/4719447-eagle-point-credit-19-percent-yield-common-8-7-percent-preferred-equity
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goeasy: Expect ROE Contraction And Growth To Moderate: goeasy, a leader in alternative lending, has shown strong returns. Click here to find out why I think ...
seekingalpha.com/article/4719500-goeasy-expect-roe-contraction-and-growth-to-moderate
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Bank of America Bets on Carbon Capture With Big Tax-Credit Deal: A first-of-its-kind investment gives an ethanol producer in North Dakota $205 million for ...
on.wsj.com/4dSRdtu
SeekingAlpha Sep 05
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 9/2/2024)
seekingalpha.com/article/4719137-rithm-capitals-updated-sector-comparative-analysis-part-1-as-of-922024
Paid articlePaywall
Gen Xer got $110K in student loans forgiven; brings easier retirement: Steven Perry, 58, thought the notice confirming his student-loan forgiveness was a scam ...
businessinsider.com/student-loan-forgiveness-gen-x-degree-better-retirement-income-driven-2024-6
Britain needs extra $1.3 trillion investment for economic growth, report says: Britain needs an additional one trillion pounds ($1.3 trillion) in investment in ...
reuters.com/markets/britain-needs-extra-13-trillion-investment-economic-growth-report-says-2024-09-05/
PJT Hires Market Infrastructure Veteran Capstick from JPMorgan: PJT Partners Inc. has hired veteran market infrastructure banker Jeremy Capstick from JPMorgan ...
bloomberg.com/news/articles/2024-09-06/pjt-hires-market-infrastructure-veteran-capstick-from-jpmorgan
JPMorgan names new co-heads of mid-cap M&A unit: JPMorgan Chase has named Andrew Castaldo and Andrew Martin as co-heads of mid-cap mergers and acquisitions unit ...
reuters.com/business/finance/jpmorgan-names-new-co-heads-mid-cap-ma-unit-2024-09-05/
SeekingAlpha 9h
JPMorgan: Swapping A 5% Yield For A 5.9% Yield: JPMorgan's preferred securities offer an interesting opportunity due to higher yields and lower dividend coverage ...
seekingalpha.com/article/4719388-jpmorgan-swapping-a-5-percent-yield-for-a-5-9-percent-yield
Paid articlePaywallJPMorgan Team Scraps Bullish China Stocks Call on Trade War Risk: JPMorgan Chase & Co. abandoned its buy recommendation for Chinese stocks ...
bloomberg.com/news/articles/2024-09-04/jpmorgan-abandons-bullish-china-call-as-us-election-stirs-angst
Paid articlePaywallWall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report: The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve ...
bloomberg.com/news/articles/2024-09-05/wall-street-s-big-bet-on-jumbo-fed-cuts-hangs-on-us-jobs-report
Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time: Last October, Matthew Hougan told an industry panel that he expected spot bitcoin ...
reuters.com/markets/currencies/cryptoverse-bitcoin-etfs-take-50-billion-baby-steps-toward-big-time-2024-09-03/
Quick Glance: Bitcoin ETFs: A Step Towards Investment Mainstream
- Since their launch in August, Bitcoin ETFs have attracted over $52 billion, surpassing initial expectations.
- The acceptance of Bitcoin as a mainstream asset may be slow due to ongoing volatility and risk.
- Morgan Stanley is starting to actively recommend Bitcoin ETFs, indicating a shift in the industry.
- The future of Ether ETFs remains uncertain, as they garner less attention and require more nuanced analysis.
JPMorgan’s Matejka Says Stocks May Stall Even With Rate Cut: The equity market rally may stall near record highs even if the Federal Reserve starts a highly ...
bloomberg.com/news/articles/2024-09-02/jpmorgan-s-matejka-says-stocks-may-struggle-even-with-rate-cut
There’s nowhere left to go for JPMorgan stock, as it gets downgraded after rising 30% this year
fortune.com/2024/09/03/jpmorgan-stock-bank-of-america-wells-fargo-jamie-dimon/
Paid articlePaywallSamsonite Working With JPMorgan, Morgan Stanley for Dual Listing in US: Samsonite International SA has selected banks to help arrange its dual listing in the US ...
bloomberg.com/news/articles/2024-09-05/samsonite-is-said-to-pick-jpmorgan-morgan-stanley-for-dual-listing-in-us
Dubai Wealth Boom: JPMorgan (JPM) Sets Up Private Banking Team in City: JPMorgan Chase & Co is establishing a private banking team in Dubai ...
bloomberg.com/news/articles/2024-09-04/dubai-wealth-boom-jpmorgan-jpm-sets-up-private-banking-team-in-city
A house and petrol money for Gauteng man who claims R13m Lotto jackpot: The lottery winner will invest most of the cash, but is looking forward to being able to ...
timeslive.co.za/news/south-africa/2024-09-02-a-house-and-petrol-money-for-gauteng-man-who-claims-r13m-lotto-jackpot/
Ben Wilson Returning to JPMorgan to Lead Americas Energy M&A: Benjamin Wilson is rejoining JPMorgan Chase & Co. from Guggenheim Securities to oversee natural ...
bloomberg.com/news/articles/2024-09-05/ben-wilson-returning-to-jpmorgan-to-lead-americas-energy-m-a
Blackstone seeks A$5.5 bln loan for AirTrunk acquisition, sources say: A Blackstone-led consortium is taking out an around $A5.5 billion ($3 ...
reuters.com/markets/deals/blackstone-seeks-a55-bln-loan-airtrunk-acquisition-sources-say-2024-09-05/
Galatasaray in negotiations to sign Osimhen on loan from Napoli: Galatasaray have opened talks to sign Napoli striker Victor Osimhen on loan ...
reuters.com/sports/soccer/galatasaray-negotiations-sign-osimhen-loan-napoli-2024-09-02/
Quick Glance: Osimhen Transfer to Galatasaray: Napoli Saves Salary
- Napoli's coach, Antonio Conte, confirmed that Victor Osimhen will not rejoin the team after a failed transfer to Al-Ahli.
- Galatasaray is in active discussions for a one-year loan, covering Osimhen's salary of 9 to 10 million euros.
- With a market value of 100 million euros, Osimhen would break records in the Süper Lig, while Napoli has already planned for his departure by signing Romelu Lukaku.
- The failed move to Al-Ahli paved the way for this transfer, which benefits Galatasaray but raises competition fairness concerns.
JPMorgan Names Top Dutch Dealmaker Verwey as Europe M&A Co-Head: JPMorgan Chase & Co. has appointed veteran banker Cassander Verwey as co-head of its mergers and ...
bloomberg.com/news/articles/2024-09-02/jpmorgan-names-top-dutch-dealmaker-verwey-as-europe-m-a-co-head
Stock market outlook: Fed rate cuts won't spark big gains, JPMorgan says: While some on Wall Street think stocks are spring-loaded for gains after the Fed cuts ...
markets.businessinsider.com/news/stocks/fed-interestrate-cuts-stock-market-bull-run-upside-outlook-jpmorgan-2024-9
UK Needs £1 Trillion to Meet Growth Goals, London Executives Say: The UK needs about £1 trillion of investment over the next decade to meet its goals for ...
bloomberg.com/news/articles/2024-09-06/uk-needs-1-trillion-to-meet-growth-goals-london-executives-say
Super Micro Stock Drops After Downgrade. It Has Nothing to Do With Filing Delay, Short Report.
barrons.com/articles/super-micro-stock-price-downgrade-49e475ad
Paid articlePaywallGreece Said to Pick JPMorgan to Arrange National Bank Stake Sale: Greece has picked JPMorgan Chase & Co. to help lead a further stake sale in National Bank of ...
trib.al/WhfABxc
Chase Bank Viral 'Glitch' Is Just Plain Old Bank Fraud, Company Says: Chase Bank customers lined up at ATMs this weekend after seeing posts on TikTok ...
entrepreneur.com/business-news/chase-bank-glitch-social-media-trend-just-plain-fraud/479331
Gizmodo Sep 06
Idiots Who Tried TikTok’s Viral ‘Free Money Glitch’ at ATMs Are Getting Reported for Fraud
gizmodo.com/idiots-who-tried-tiktoks-viral-free-money-glitch-at-atms-are-getting-reported-for-fraud-2000495838
Quick Glance: TikTok Scam: Users Reported for Money Schemes
- TikTok videos promoted a supposed way to receive free money from Chase Bank ATMs by depositing fake checks.
- JP Morgan Chase confirmed it is reporting involved individuals to authorities and has frozen accounts.
- Thousands attempted this scheme while the bank provides evidence to law enforcement.
- The U.S. Postal Inspection Service warned about the risks, emphasizing that check fraud is a serious crime.
SeekingAlpha Aug 31
Eos Energy Enterprises: Upgrading On Early Milestone Achievements And Improved Sentiment - Hold
seekingalpha.com/article/4718285-eos-energy-enterprises-upgrading-on-milestone-achievements-improved-sentiment
Paid articlePaywallJPMorgan Taps ING’s Manibardo to Lead Consumer Bank in Germany: JPMorgan Chase & Co. hired Daniel Llano Manibardo as head of consumer banking for Germany ...
bloomberg.com/news/articles/2024-09-06/jpmorgan-taps-ing-s-manibardo-to-lead-consumer-bank-in-germany
Nasdaq Fades After Strong Start; JPMorgan, Alamos Gold, ARGX In Focus | Stock Market Today
Reports of dollar's demise are greatly exaggerated, JPMorgan says: Suggestions that the dollar's dominance of the global financial system is ending are wide of ...
reuters.com/markets/us/reports-dollars-demise-are-greatly-exaggerated-jpmorgan-says-2024-09-04/
Cash splash for nuclear towns under Coalition plan: Energy Minister Chris Bowen was invited to speak at a conference, but opposition spokesman Ted O’Brien claims ...
smh.com.au/politics/federal/cash-splash-for-nuclear-towns-under-coalition-plan-20240902-p5k72h.html
Quick Glance: Investments in Nuclear Communities Under Coalition Plan
- The Coalition plans investment funds to support communities hosting nuclear power plants.
- Opposition spokesperson Ted O’Brien announced that profits from nuclear plants will be reinvested into the local economy.
- Experts challenge the cost advantages of nuclear energy compared to renewables, calling for transparent cost analyses.
- Minister Chris Bowen criticized the Coalition's plan as a barrier to investment in renewable energy.
Economist Eugene Fama: ‘Efficient markets is a hypothesis. It’s not reality’: The giant of modern finance on the wisdom of crowds and locking horns with the ...
ft.com/content/ec06fe06-6150-4f39-8175-37b9b61a5520
Kamala Harris opposes U.S. Steel takeover by Japanese company: Both major presidential contenders are now aligned with Pennsylvania steelworkers.
axios.com/2024/09/03/kamala-harris-us-steel-japan
Quick Glance: Harris Opposes US Steel Sale at Labor Day Rally
- Vice President Kamala Harris emphasized that U.S. Steel should remain American-owned during her Labor Day speech in Pittsburgh, aligning with the White House's stance against its sale to Nippon Steel.
- She highlighted the importance of preserving American steel jobs and the historical significance of U.S. Steel.
- President Biden praised Harris as the best choice for future leadership and underscored her commitment to supporting unions.
- Despite the opposition, U.S. Steel is determined to proceed with the sale, while union leaders echoed Harris' support for steelworkers.
Citi’s New Banking Head Hires Ex-JPMorgan Global Head of ECM: Citigroup Inc. hired former JPMorgan Chase & Co. banker Achintya Mangla in a newly created ...
bloomberg.com/news/articles/2024-09-03/citi-s-new-banking-head-hires-ex-jpmorgan-global-head-of-ecm
Paid articlePaywall How JPMorgan plans to court wealthy: bank branches: Kristin Lemkau took over JPMorgan's US wealth business in 2019. After taking on First Republic ...
businessinsider.com/jpmorgan-kristin-lemkau-branches-wealth-management-advisors-2024-9
How Temu's China owner PDD stacks up against Alibaba and JD.com: Shares of China's biggest e-commerce companies - Alibaba , JD.com and PDD Holdings - were dumped ...
reuters.com/business/retail-consumer/how-does-pdd-stack-up-against-other-big-china-e-ecommerce-firms-2024-08-30/
Top Global Banks See China Struggling to Hit 5% Growth Target: A vast majority of global banks now expect China’s economy to grow less than 5% this year ...
bloomberg.com/news/articles/2024-09-04/top-global-banks-see-china-struggling-to-hit-5-growth-target
Wall Street darling suffers record $416 billion meltdown in one day: The value of AI powerhouse Nvidia just fell by the equivalent of the total value of energy ...
smh.com.au/business/markets/wipeout-nvidia-suffers-record-416-billion-meltdown-in-one-day-20240904-p5k7o9.html
HPS Is Said to Begin Discussing IPO With Prospective Investors: HPS Investment Partners, the private credit manager carved out of JPMorgan Chase & Co. in 2016 ...
bloomberg.com/news/articles/2024-09-04/hps-is-said-to-begin-discussing-ipo-with-prospective-investors
Trump Proposes Sovereign Wealth Fund For U.S.—What To Know About The State-Owned Budget
forbes.com/sites/antoniopequenoiv/2024/09/05/trump-proposes-sovereign-wealth-fund-for-us-what-to-know-about-the-state-owned-budget/
Dubai IPO: Delivery Hero Hires Morgan Stanley, JPMorgan For Talabat Listing: Delivery Hero SE has hired banks to work on the listing of its Talabat unit in Dubai ...
bloomberg.com/news/articles/2024-09-03/dubai-ipo-delivery-hero-hires-morgan-stanley-jpmorgan-for-talabat-listing
JD Vance’s repeated digs at childless women are worse than you thought: It’s not about the kids they don’t have. It’s about the empathy he can’t even fathom.
washingtonpost.com/style/power/2024/09/04/jd-vance-women-children/
Supreme Court refuses to allow Biden’s student loan repayment plan - for now: The Biden administration plan, known as Save, offers lower monthly student loan ...
washingtonpost.com/politics/2024/08/28/supreme-court-blocks-biden-student-loan-repayment-save-plan/
Quick Glance: Supreme Court blocks Biden's student debt relief plan
- The Supreme Court denied the Biden administration's request to implement its latest plan addressing federal student loan debt.
- The court dismissed an emergency request to lift a nationwide injunction issued by an appeals court, urging a prompt resolution of the case.
- The new plan aims to reduce repayment caps from 10% to 5% of income but faces challenges from several states claiming unauthorized spending.
- The 8th Circuit's ruling has significant implications, rendering other legal challenges to the plan less relevant.
Stellantis to invest $385 mln in Argentine plant: Automaker Stellantis will invest $385 million in its plant in the province of Cordoba, Argentina ...
reuters.com/business/autos-transportation/stellantis-invest-385-mln-argentine-plant-2024-09-05/
Harris campaign shares the wealth with $25M boost for downballot Democrats: The Harris campaign announced Tuesday it is sending nearly $25 million to Democratic ...
thehill.com/homenews/campaign/4859546-harris-campaign-fundraising-down-ballot-democrats-house-senate/
Quick Glance: Harris Transfers $25 Million to Support Democrats
- Vice President Kamala Harris and the Democratic National Committee are transferring nearly $25 million to aid Democratic candidates in state and federal races.
- The funds include $10 million each for the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee to secure congressional majorities.
- The Harris campaign raised $540 million in six weeks and has over 2,000 staff in key battleground states.
- Democrats aim for high turnout in blue states to reclaim the House, while maintaining control of the Senate poses significant challenges.
JPMorgan Is Said to Hire Dealmaker Yang Ruo for China TMT: JPMorgan Chase & Co. has hired Yang Ruo to lead its China telecommunications ...
bloomberg.com/news/articles/2024-08-27/jpmorgan-is-said-to-hire-ex-citi-banker-yang-ruo-for-china-tmt
Paid articlePaywall Nvidia stock price drops as AI return on investment questions linger: JPMorgan said Nvidia's earnings results are the "antithesis of the dot-com era ...
markets.businessinsider.com/news/stocks/nvidia-stock-price-drops-ai-return-on-investment-chips-gpus-2024-9
Why Berkshire Hathaway Might Stop Selling Bank of America Stock Once It Reaches This Number
barrons.com/articles/warren-buffett-berkshire-hathaway-bank-of-america-4144ba70
Paid articlePaywallJust Eat (TKWY NA) CEO Groen Laughs Off JPMorgan’s Prosus Merger Idea: Just Eat Takeaway.com NV’s chief executive made light of JPMorgan Chase & Co ...
bloomberg.com/news/articles/2024-08-28/just-eat-boss-laughs-off-jpmorgan-s-delivery-mega-merger-idea
Meghan Markle Funds Cesta Collective, Expanding Her Investments in Small Brands: At least when it comes to investing. The latest addition to her portfolio: the ...
nytimes.com/2024/08/28/style/meghan-markle-cesta-collective-bags-investments.html
Quick Glance: Prince Harry's NYC Visit with Enhanced Security
- Prince Harry is set to visit New York City next month to advance his philanthropic initiatives.
- His wife Meghan Markle will remain in California while he engages with various patronages.
- Following a 'near catastrophic' paparazzi chase in May 2023, Harry will receive additional security during this trip.
- The visit coincides with his brother Prince William's Earthshot Prize Innovation Summit, with William's attendance still uncertain.
Federal judge temporarily blocks Biden’s student loan forgiveness plan: The order arrives days after 7 Republican-led states sued to block the Biden ...
washingtonpost.com/education/2024/09/05/federal-court-blocks-biden-student-loan-forgiveness-plan/
The dangers of staking your career on the company’s rising star: Succession planning at JPMorgan Chase offers lessons for executives hoping to land the top job
ft.com/content/772f078c-30a0-4abe-98ba-3f5b7c99abb5
Biden administration looking at setting up a US sovereign wealth fund: Proposal for pool of capital to invest in strategic sectors has also been floated by ...
ft.com/content/38bc9cf4-f820-444e-88e3-7b96a20b6591
Meghan Markle reveals experience that ‘changed everything’ about her style: Meghan has also announced her recent investment in Cesta Collective ...
independent.co.uk/life-style/meghan-markle-royal-family-style-b2603378.html
Sancho joins Chelsea on loan from Manchester United: Chelsea have signed English winger Jadon Sancho from Manchester United on a season-long loan deal ...
reuters.com/sports/soccer/sancho-joins-chelsea-loan-manchester-united-2024-08-31/
Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis
on.wsj.com/4dP6uuT
JPMorgan Plans to Report Customers Who Exploited TikTok ‘Glitch’ to Authorities: Thousands of people withdrew money after depositing bad checks ...
on.wsj.com/4dSkpRs
Google considering large data centre in Vietnam, source says, in nation's first by US big tech
reuters.com/technology/google-weighs-large-data-centre-vietnam-source-says-nations-first-by-us-big-tech-2024-08-29/
One Mile at a Time Sep 01
Scandinavian Airlines Joins SkyTeam, Gets Air France-KLM Investment: Scandinavian Airlines (SAS) got an investment from Air France-KLM, and has left Star ...
onemileatatime.com/news/scandinavian-airlines-skyteam-air-france-klm-investment/
Paid articlePaywallJPMorgan Chase is sued over low rates on cash sweeps: JPMorgan Chase has been accused in a new lawsuit of sweeping customers' idle cash into accounts with ...
reuters.com/legal/jpmorgan-chase-is-sued-over-low-rates-cash-sweeps-2024-08-26/
I'm a new grad who gave up a six-figure finance job: Nick Rutherford turned down a $100,000 offer from JPMorgan for what he hopes will be a more fulfilling role.
businessinsider.com/new-grad-gave-up-six-figure-jpmorgan-finance-job-satisfaction-2024-8
The Drive Aug 31
Yikes: Dealership Offers 15-Year Loan on Used Lamborghini Urus: With a sales special, this low-mileage Lambo can be yours for $2,698 a month! (Excluding taxes ...
thedrive.com/news/yikes-dealership-offers-15-year-loan-on-used-lamborghini-urus
Indian carrier SpiceJet restructures dues to Carlyle Aviation: India's SpiceJet on Friday said it will convert about $97 million of its dues to the commercial ...
reuters.com/world/india/indian-carrier-spicejet-restructures-dues-carlyle-aviation-2024-09-06/
Quick Glance: SpiceJet Restructures Liabilities to Carlyle Aviation
- SpiceJet plans to convert approximately $97 million in dues into equity and debentures.
- The budget airline has struggled to fully restore operations despite multiple fundraising efforts over the past year.
- India's aviation regulator placed SpiceJet under enhanced surveillance following an audit that revealed deficiencies.
- The carrier will issue $30 million worth of shares to Carlyle and transfer $20 million in debentures from its cargo subsidiary SpiceXpress.
Why is India so bad at sports?: It underwhelms in the Olympics relative to its population and economic heft
ft.com/content/4d8e0119-fa6c-4bbb-aa15-56e85dd30f2d
Labour faces business warning on workers' rights and tax hikes: There is evidence that Labour's honeymoon with big business is already showing signs of ...
news.sky.com/story/labour-faces-business-warning-on-workers-rights-and-tax-hikes-13208297
Jobs data reinforces 'waning vigor,' Fed should deliver big rate cut: JPM: JPMorgan chief economist Michael Feroli says the Fed should cut 50 basis points this ...
businessinsider.com/august-jobs-report-slowing-labor-market-jpmorgan-unemployment-michael-feroli-2024-9
CNA Aug 24
Black Myth: Wukong could drive Chinese investment in big-budget games: Long wary of China’s capricious regulations on video games, investors and developers now ...
scmp.com/tech/big-tech/article/3275709/black-myth-wukong-increasing-chinas-appetite-aaa-games-next-one-could-take-years
How I landed software engineering internships at JP Morgan, Microsoft.: Ume Habiba secured software engineering internships at JP Morgan and Microsoft ...
businessinsider.com/how-to-get-software-engineering-internships-at-jp-morgan-microsoft-2024-8
Zara founder Ortega triples investment in energy assets: Zara founder Amancio Ortega's investment firm Pontegadea almost tripled its investments in renewable ...
reuters.com/business/energy/zara-founder-ortega-triples-investment-energy-assets-2024-09-02/
Melina Gold: Kenyan celebs need to invest more on stylists: Kenyans still don’t understand who stylists are and why they should pay someone to dress them.
nation.africa/kenya/life-and-style/melina-gold-kenyan-celebs-need-to-invest-more-on-stylists-4751750
Nestle needs to invest to grow, incoming CEO tells Swiss newspaper: Nestle must invest in its brands and innovations to increase the food-maker's market share ...
reuters.com/business/retail-consumer/nestle-needs-invest-grow-incoming-ceo-tells-swiss-newspaper-2024-08-23/
California bill would allow undocumented immigrants paying taxes to get home loans
abcnews.go.com/US/california-bill-undocumented-immigrants-paying-taxes-home-loans/story
Abu Dhabi to invest billions in ExxonMobil’s Texas hydrogen project: Plan for world’s largest low-emission plant of its kind in limbo over push for US subsidies
ft.com/content/6f586178-fe76-4ffa-b07c-a90ac241b6ba
Bournemouth keeper Neto joins Arsenal on loan: Bournemouth goalkeeper Neto has joined Arsenal on a season-long loan deal, the Premier League club announced on ...
reuters.com/sports/soccer/bournemouth-keeper-neto-joins-arsenal-loan-2024-08-30/
CNA Sep 04
Commentary: What would it take to revive Singapore’s stock market?: The path to revitalising the Singapore Exchange lies in making the country a preferred ...
channelnewsasia.com/commentary/singapore-exchange-sgx-stock-market-mas-review-group-company-list-ipo-4585451
Investment banks cut China GDP forecasts as confidence wanes: Analysts increasingly sceptical that Beijing will reach 5% economic growth target for 2024
ft.com/content/8ec2f6b8-f0fe-4edd-81a0-22bf70ee0b0b
Jamie Dimon's name floated by Trump and Harris camps for cabinet: JP Morgan CEO Jamie Dimon has been considered for the Treasury Secretary role by Donald Trump ...
businessinsider.com/jamie-dimon-floated-donald-trump-kamala-harris-treasury-secretary-2024-8
JPMorgan Sees Indian Firms Doubling Annual Dollar Bond Sales: Indian firms’ dollar bond offerings are set to gather pace with at least $4 billion of sales likely ...
bloomberg.com/news/articles/2024-08-28/jpmorgan-sees-indian-firms-doubling-annual-dollar-bond-sales
Paid articlePaywall
Loans for Musk: Twitter purchase has been a loss-making business for the banks so far
handelsblatt.com/unternehmen/it-medien/kredite-fuer-musk-twitter-kauf-ist-fuer-die-banken-bislang-ein-verlustgeschaeft/100061774.html
Quick Glance: Musk and Banks: A Financial Catastrophe
- Elon Musk acquired Twitter for $44 billion, with the backing of seven major banks that provided loans totaling $13 billion. Initially, this investment appeared promising for the banks; however, due to Twitter's poor financial performance and rising interest rates, they are struggling to offload the debt.
- Since the acquisition, Twitter has lost approximately 71.5% of its value, making these loans the worst-performing in the banking industry since the 2008 real estate crisis. The loans are classified as 'hung,' meaning they cannot be sold. While banks could sell them at a loss, they might recover their initial investment plus higher interest if Musk repays them.
- Advertising revenue has plummeted, complicating the platform's monetization. Musk has sued an advertising trade group, claiming they instigated a boycott against X. Despite some renewed interest due to upcoming elections, the platform's future remains uncertain.
- High-profile co-investors, including Andreessen-Horowitz, Larry Ellison, and Sequoia Capital, are also feeling the financial strain from the deal, having invested nearly $5 billion together. Musk's shares have lost about $17 billion in value, and his leadership changes have led to complaints about harassment and increased hate speech on the platform.
Celtic confirm signing of Alex Valle on loan from Barcelona: The 20-year-old left-back is Celtic's fifth signing of the summer.
news.stv.tv/sport/celtic-confirm-signing-of-alex-valle-on-loan-from-barcelona
Arsenal swoop in to sign Chelsea outcast Sterling on loan on deadline day: Arsenal have signed Chelsea winger Raheem Sterling on a season-long loan ...
reuters.com/sports/soccer/arsenal-swoop-sign-chelsea-outcast-sterling-loan-deadline-day-2024-08-31/
JPMorgan (JPM) Drops Proposal to Cut China's Share in Its GBI-EM Index: JPMorgan Chase & Co. has dropped a proposal to change the way it calculates its ...
bloomberg.com/news/articles/2024-08-20/jpmorgan-drops-proposal-to-cut-china-share-in-key-em-bond-index
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