Lexington Partners, an investor in secondhand private markets assets, said it reached outside the firm to hire Christophe Browne as a partner to lead a new team dedicated to sponsor-led secondary deals. https://www.wsj.com/articles/lexington-partners-taps-christophe-browne-for-sponsor-led-deals-push-1a92f2f1
David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer behavior, referencing recent reports from McDonald’s and Autozone indicating reduced spending. He…
Boeing’s plane deliveries to China have been delayed due to a Chinese regulatory review of batteries related to the cockpit voice recorder. https://www.cnbc.com/2024/05/22/boeing-deliveries-to-china-delayed-by-state-review-reuters-source-says.html
DuPont said it would split into three separate companies and that Chief Executive Edward Breen would transition to executive chairman, effective June 1. https://www.wsj.com/articles/dupont-to-split-into-three-companies-ceo-breen-to-become-chairman-b8be6959
French President Emmanuel Macron’s government is targeting savings of €3.6 billion ($3.9 billion) from his planned reforms to unemployment insurance, Agence France-Presse reported. from Bloomberg Markets https://ift.tt/85zEf2i
A fishing charter boat found partially submerged off an island in southeast Alaska last May likely capsized after its well deck flooded in rough seas, according to the U.S. Coast Guard, which investigated the incident that left five people dead, including two vacationing sisters and their partners. More than 100 people attended the Coast Guard’s…
Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. from Bloomberg Markets https://ift.tt/60nQX3V
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/1AxWKwz
Polygon (MATIC) is navigating a tense consolidation phase, and PEPE’s price has plummeted from its recent all-time high, shaking investor confidence. Yet, BlockDAG stands out as a beacon of hope in this turbulent market. Influencers are hailing BDAG as the best crypto for the future, propelling its presale success to a staggering $29.8 million. BlockDAG’s…
The president is using the U.S. Treasury like a 1920s party boss’s safe. https://www.wsj.com/articles/bidens-bribes-2024-election-spending-young-voters-turnout-swing-state-uaw-ev-3ac8df6f