NEW DELHI — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 billion, according to Forbes. … Read more
Article content NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffet, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Article content Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of … Read more
Investors heartened by this summer’s recovery in US equity markets should not relax their guard so soon because corporate debt concerns will probably spark another downturn at the end of this year, one of the world’s pre-eminent volatility specialists has predicted. While sharply falling equity prices in the first half of the year reflected concerns … Read more
Text size A woman walks past a SoftBank mobile shop in Tokyo Kazuhiro Nogi/AFP via Getty Images SoFi Technologies stock stumbled Tuesday, a day after major shareholder SoftBank announced it had sold at least part of its 9% stake in the financial services company. In a filing with the Securities and Exchange Commission, SoftBank (ticker: … Read more
Khloe Kardashian Marion Curtis/Shutterstock Nearly two months after Khloé Kardashian’s new romance with a private equity investor made headlines, Us Weekly can confirm the pair have gone their separate ways. “Khloé and the private equity investor broke up,” a source exclusively tells Us of the 38-year-old Good American cofounder and her mystery man. “They split a few weeks ago, … Read more
Spencer Platt/Getty Images News Pinterest’s (NYSE:PINS) investors enjoyed a post-market relief rally, Monday, as the company’s shares climbed more than 21% in after-hours trading following an earnings report where revenue was in line with expectations, the company forecast modest third-quarter growth, and top investor Elliott Management expressed support for Bill Ready, the company’s new chief … Read more
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Private equity firm EQT is buying a stake in United Talent Agency from investment group Investcorp and others in a deal expected to close later this month. UTA said the move recognizes its “artist-first approach and recent growth trajectory and will help fuel the next phase of investments in talent, innovation and international expansion.” Under … Read more