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Partners Group CEO: Private Equity Entering New Era of ‘Consolidation’
Partners Group CEO: Private Equity Entering New Era of ‘Consolidation’
September 17, 2023  |  Investments

The private market industry has maybe 11,000 players, Partners Group CEO David Layton says. Over the next decade, that number could fall to under 100. In an interview with the...

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Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
Retailers Scale Back Holiday Hiring as Consumers Grow Uneasy
September 17, 2023  |  Retail

American retailers are set to hire the lowest level of seasonal holiday workers in 15 years. That’s according to an article Friday (Sept. 15) by Reuters,...

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Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
Wells Fargo: Corporate Borrowers ‘Acquiescing’ to High Interest Rates
September 17, 2023  |  Loans

Are corporate borrowers resigned to higher interest rates? Wells Fargo thinks so. In an interview with Bloomberg Television on Friday (Sept. 15), Maureen O’Connor, global head of high-grade...

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Three FTX Celebrity Pitchmen Settle Investor Lawsuit
Three FTX Celebrity Pitchmen Settle Investor Lawsuit
September 17, 2023  |  Cryptocurrency

Three of FTX’s celebrity backers have settled a lawsuit filed by investors in the failed exchange. As Bloomberg News reported Friday (Sept. 16), Jacksonville Jaguars quarterback Trevor Lawrence...

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Robinhood Pushes Retirement Accounts as Movie Resurrects Its Past
Robinhood Pushes Retirement Accounts as Movie Resurrects Its Past
September 17, 2023  |  financial apps

Robinhood believes it has been “misunderstood.” A new movie might not help matters. As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform...

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SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders
SVB Capital Could Sell for $500 Million; Scaramucci Among Bidders
September 17, 2023  |  Banking

Silicon Valley Bank’s former owner is reportedly close to selling its venture capital business. SVB Capital has attracted two top bidders, The Wall Street Journal (WSJ) reported Friday...

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SoftBank Seeks AI Deals After Successful Arm Listing
SoftBank Seeks AI Deals After Successful Arm Listing
September 17, 2023  |  artificial intelligence

SoftBank reportedly wants to invest in artificial intelligence (AI) after successfully taking tech company Arm public. Masayoshi Son, founder and CEO of the Japanese conglomerate, is...

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Report: TikTok Takes on Amazon and Walmart With Holiday Discounts
Report: TikTok Takes on Amazon and Walmart With Holiday Discounts
September 17, 2023  |  eCommerce

TikTok is reportedly preparing to roll out heavy holiday discounts starting next month. A report Saturday (Sept. 16) by Bloomberg News, citing internal documents, said the social...

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Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
September 17, 2023  |  Consumer Finance

American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15)...

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