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wall street

Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events

by Adrian Jhonsan
Sixth Street — which manages more than  billion — is betting big on sports teams and live events

(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder David Rubenstein recently said in an interview for a CNBC podcast.  Historically, …

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Categories World

Why the world needs more oil, not less

by Adrian Jhonsan
Why the world needs more oil, not less

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images What do toothpaste, …

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Categories World

Analysts react to blowout UBS earnings

by Adrian Jhonsan
Analysts react to blowout UBS earnings

Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | …

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Categories World

UBS shares jump to 2008 highs after profit beat, job cuts announcement

by Adrian Jhonsan
UBS shares jump to 2008 highs after profit beat, job cuts announcement

General view of the UBS building in Manhattan on June 5, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images UBS shares …

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Categories World

Warren Buffett is at the top of his game as Berkshire hits new heights

by Adrian Jhonsan
Warren Buffett is at the top of his game as Berkshire hits new heights

Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle …

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Categories World

Stock markets face a ‘perfect storm’ as high rates and China fears bite, analysts warn

by Adrian Jhonsan
Stock markets face a ‘perfect storm’ as high rates and China fears bite, analysts warn

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images “Whether it’s the brewing crisis …

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Categories World

Forecasting Market Trends: 10 Factors Influencing Friday’s Trading Activity on D-Street

by Craig Fedirighi
Forecasting Market Trends: 10 Factors Influencing Friday’s Trading Activity on D-Street

Indian equities, amid RBI’s hawkish outlook on inflation, ended on a weak note. Nifty slipped below the 19,600 mark and ended at 19,543, down 89 points, whereas the Sensex settled …

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Categories Business

10 Factors Influencing Thursday’s D-Street Activity

by Craig Fedirighi
10 Factors Influencing Thursday’s D-Street Activity

Indian equities, ahead of the crucial RBI policy outcome on Thursday, ended on a positive note. The Nifty settled at 19,633, up 62 points, while the Sensex added 149 points, …

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Categories Business

Bank Rating Cuts Trigger Broader Sell-Off, Leading to Wall Street’s Lower Close

by Craig Fedirighi
Bank Rating Cuts Trigger Broader Sell-Off, Leading to Wall Street’s Lower Close

NEW YORK: All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody’s reignited fears about …

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Categories Business

Frequent Tech Layoffs in the Bay Area Traced Back to Pandemic-Era SPACs

by Craig Fedirighi
Frequent Tech Layoffs in the Bay Area Traced Back to Pandemic-Era SPACs

A sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Lucid is just one of many companies that undertook a special purpose acquisition …

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Categories Business
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