Buyout Firms Score Big As Wall Street Banks Regain Loan Market Share Companies are ditching private lenders for cheaper rates and looser terms from traditional banks. This year, a whopping $16 billion in loans have moved from private credit funds to public markets like syndicated loans and bonds. Companies likeContinue Reading
Alphabet’s stock is nearing a record $2 trillion market value, a milestone surpassed in the U.S. only by Microsoft, Apple, and Nvidia. The stock has rebounded from last month’s low, when concerns arose over the company’s AI progress. The recent cloud event demonstrated the enterprise-readiness of Alphabet’s AI model despiteContinue Reading
Jersey Mike’s Subs Considers Selling Business to Blackstone. The Wall Street Journal, citing anonymous sources, has reported that Jersey Mike’s Subs, a privately-held company, has engaged in intermittent discussions with Blackstone, a financial services firm. If a deal were to materialize, it could value Jersey Mike’s at $8 billion. However,Continue Reading
Ever wondered how many Americans bid farewell to their working days with a cool million in their retirement accounts? It’s a question that stirs curiosity and prompts reflections on financial goals and retirement planning strategies. While there’s no one-size-fits-all answer, recent surveys shed light on the financial landscape of retirees.Continue Reading
