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Top related persons:
Forbes - 2 Sergei Karpukhin - 1 Austin Russell - 1 Mike Federle - 1 Dawn Chmielewski - 1 Helen Coster - 1 Akash Sriram - 1 Maju Samuel - 1
Top related locs:
St St . Petersburg Russia Russell's U.S Los Angeles New York Bengaluru
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Forbes Media - 3 Forbes - 1 St . - 1 Economic - 1 REUTERS - 1 Luminar Technologies - 1 The - 1 Integrated Whale Media - 1

Search resuls for: "Forbes Media"


4 mentions found


☆ Luminar CEO's deal to buy Forbes called off -memo
  + stars: | 2023-11-21 | by ( Dawn Chmielewski Helen Coster | Dawn Chmielewski | Helen Coster | ) www.reuters.com   time to read: +2 min
The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsNov 21 (Reuters) - Forbes' parent company has called off its acquisition by Luminar Technologies (LAZR.O) CEO Austin Russell, as the billionaire could not come up with the financing, an internal Forbes memo seen by Reuters on Tuesday showed. Forbes was valued at $475 million in 2014 when Integrated Whale Media bought a majority stake in the company from the Forbes family and investment group Elevation Partners. Chinese conglomerate HNA Group made an unsuccessful bid to acquire a majority stake in Forbes in 2017, Reuters reported at the time. Forbes, one of the oldest U.S. media outlets, publishes its eponymous flagship magazine, which reaches 5 million readers.
Persons: Sergei Karpukhin, Forbes, Austin Russell, Mike Federle, Dawn Chmielewski, Helen Coster, Akash Sriram, Maju Samuel, Richard Chang Organizations: Forbes, St ., Economic, REUTERS, Luminar Technologies, Reuters, Forbes Media, The, Integrated Whale Media, Partners, HNA Group, Thomson Locations: St, St . Petersburg, Russia, Russell's, U.S, Los Angeles, New York, Bengaluru
☆ Steve Forbes says the Fed's not going to cut rates soon
  + stars: | 2023-09-12 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
Steve Forbes doesn't expect the Federal Reserve to raise rates in upcoming meetings, but the Forbes Media chairman doesn't see cuts in the near term either. "I think the Federal Reserve is not going to increase interest rates in the next few months. I think they're going to pause," Forbes said, citing the slew of contradictory U.S. economic data. The Federal Open Market Committee's next meeting is scheduled for Sept. 19 to 20. There's a 92% chance the central bank will leave rates unchanged after its September meeting, according to the CME's FedWatch tool.
Persons: Steve Forbes doesn't, doesn't, Forbes, CNBC's Chery Kang, There's Organizations: Federal Reserve, Forbes Media, Forbes Global, Fed Locations: Singapore
☆ The U.S. election will be a 'pocketbook' one, says Forbes Media chairman
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. election will be a 'pocketbook' one, says Forbes Media chairmanSteve Forbes, chairman and editor-in-chief of Forbes Media, says the economy will be "issue No. 1," though foreign policy and crime will also be big issues. He adds that Joe Biden won't be the Democratic Party nominee.
Persons: Steve Forbes, Joe Biden Organizations: Forbes Media, Democratic Party
☆ The 'real cure' for inflation has gone ignored, Steve Forbes says
  + stars: | 2022-09-26 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +2 min
In focusing on raising interest rates to cool inflation, central banks and governments have overlooked the importance of maintaining stable currencies, said Steve Forbes, chair of Forbes Media. Currencies are weakening against the U.S. dollar as interest rates in the United States continue to rise. It's about depressing the economy to fight inflation," Forbes said at the Forbes Global CEO Conference in Singapore on Monday. "They do it by artificially raising interest rates. Forbes suggested using gold to stabilize currencies — for example, tying the U.S. dollar to gold so the dollar has a fixed value.
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