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Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for its annual industry summit. In a week when the S&P 500 stock index fell into a bear market and both the US Federal Reserve and Bank of England raised interest rates, buyout bosses met in … Read more
Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more
Billionaire Ken Griffin is relocating his big hedge-fund firm Citadel from Chicago to Miami, the third major employer to announce the move of a corporate headquarters from Illinois in the past two months. In a letter to employees Thursday, Mr. Griffin said he had personally moved to Florida—a state that doesn’t collect personal income tax—and … Read more
Altria Group disastrous investment in Juul Labs is taking another turn for the worse. On Wednesday, The Wall Street Journal reported that the Food and Drug Administration is preparing to remove Juul e-cigarettes from the U.S. market. Banning Juul in the U.S., where it was on track to make 94% of its revenue this year, … Read more
Is bitcoin BTCUSD, +4.88% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $18,654, down more than 70% from its peak of around $65,000, with the broader crypto market feeling to some … Read more
I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in high school with a full scholarship). I plan to retire at the end of next year … Read more
When it comes to bear markets, investors can take comfort from history which suggests that where there’s a beginning, there’s always an end. And according to Bank of America, investors have only got a few months left to endure the bear market that the S&P 500 SPX, +0.18% tumbled into on June 13, at the … Read more
Bear markets have a long history with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average indexes and they have returned as a result of the economic turmoil caused by inflation, rising interest rates, high gasoline prices and fallout from the Russian invasion of Ukraine. Some bear markets have occurred during recessions with a … Read more
It’s a bitingly cold wind blowing on the crypto sphere and particularly on the king of digital currencies, bitcoin. Bitcoin prices are moving to their lowest levels since 2020. They have fallen more than 12% in the past 24 hours and at last check were around $23,952. Some observers say the drop isn’t done. Economist Adam Schiff, … Read more
When searching for great dividend stocks, there is a wide variety of factors to consider. Among them are earnings durability, recession resilience, dividend safety, and competitive advantages. However, geographic diversification is something we find investors often overlook. Canadian stocks listed in the US tend to be undervalued relative to industry peers based in the US, … Read more