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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.

Persons: —, Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns

☆ Activists helped shut down an oil refinery after a series of explosions. The consequences weren’t what they expected
▼ + stars: | 2024-04-14 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +17 min

Philadelphia CNN —Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. “This oil refinery was talked about and passed down through generations,” Sanders said. Rachael WarrinerPES is no longer functioning as a refining company, but Sunoco, whose subsidiary Evergreen owned the former PES site, did not respond to requests for comment. The PES refinery complex was the largest source of particulate air pollution in Philadelphia. Hilco Redevelopment PartnersBut UPenn’s Neises said given the scale and history of the property, Hilco will need to take its time to redevelop the area of redevelopment.

Persons: Philadelphia CNN — Bilal Motley, I’m, ” Motley, ’, ”, Motley, trekked, Hilco, Ellen Neises, they’ll, Sonya Sanders, Sanders, ” Sanders, “, Rachael Warriner, Rachel Ramirez, Phil Rinaldi, Matt Rourke, Mike Smith, ” Roberto Perez, Amelia Chasse Alcivar, UPenn’s Neises, Neises, she’s, you’re, Philly Thrive’s Sanders, there’s Organizations: Philadelphia CNN, Philadelphia Energy Solutions, US Chemical Safety, Hazard Investigation, Hilco, Partners, CNN, University of Pennsylvania’s Weitzman, of Design, longtime, Evergreen, PES, Environmental Protection Agency, Drexel University, University of Pennsylvania’s School of Medicine, Philadelphia International Airport, City of, City of Philadelphia Refinery Advisory, Hilco Redevelopment Partners, Industrial Realty, ., Philadelphia Energy Solutions Refining, United Steelworkers Union, Oil Bargaining, EPA, “ Locations: Philadelphia, East, Schuylkill, New York City, Chicago, longtime South Philadelphia, South Philadelphia, Grays Ferry, Breeze, City of Philadelphia, New York, Delaware, Pennsylvania, Bellwether District, ”, Bellwether

☆ A notorious stock-market bear who called the 2000 and 2008 declines warns that conditions are 'consistent with the risk of an abrupt air-pocket, panic, or crash' — and the S&P will fall 50%-70%
▼ + stars: | 2024-03-23 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Hussman FundsThese levels indicate the S&P 500 is likely to return around -5% annualized over the next 12 years, according to Hussman's math. AdvertisementBy the time the current market cycle bottoms out, the S&P 500 could well have fallen by 50%-70%, Hussman said. He predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 33% over the past year.

Persons: —, John Hussman's, Hussman, he's, we've, Jeremy Grantham, Grantham, There's, David Rosenberg, Merrill Lynch's, Gary Shilling Organizations: Service, Hussman Investment Trust, Business, Exchange, Federal Locations: Miami

☆ The epic stock rally will end badly, the AI bubble will burst, and the economy will sink, warns elite investor Jeremy Grantham
▼ + stars: | 2024-02-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Jeremy Grantham warned US stocks and the economy are headed for trouble. The elite investor and market historian said the AI frenzy is a bubble that's bound to burst. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Please be advised, the rest of the world is looking with amazement at the US, the US economy, the US stock market," he said. It's worth emphasizing that the US stock market and economy have defied Grantham's warnings of crashes and recession for several years now, and might well continue to do so.

Persons: Jeremy Grantham, Grantham, —, you've, it's Organizations: Service, Exchange, Nvidia, Microsoft Locations: Miami, Ukraine, Gaza

☆ Germany's Scholz looking 'closely' at Italy's migrant deal with Albania
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

German Chancellor Olaf Scholz looks on next to the President of the Party of European Socialists (PES) Stefan Lofven during the meeting of the Party of European Socialists in Malaga, Spain, November 11, 2023. REUTERS/Jon Nazca Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday signalled an openness to study Italy's deal to hold migrants in Albania as the European Union tries to stem illegal immigration. Scholz's briefing, of which Reuters obtained an audio file, was held on the sidelines of a congress of the Party of European Socialists (PES). Scholz had on Tuesday agreed on a tougher migration policy and new funding for refugees with the heads of Germany's 16 states. Scholz also said six western Balkan states that had been promised EU membership 20 years ago should "soon" be integrated.

Persons: Olaf Scholz, Stefan Lofven, Jon Nazca, Scholz, Andreas Rinke, Vera Eckert, Dditing, David Holmes Organizations: Party of European Socialists, REUTERS, Rights, European Union, Monday Rome, Reuters, Thomson Locations: Malaga, Spain, Albania, Moldova, Ukraine, Georgia, Israel, Gaza

☆ Germany's Scholz backs Spain's Calvino for EIB presidency
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/ File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday backed the candidacy of Spanish acting Economy Minister Nadia Calvino for the post of president of the European Investment Bank (EIB). "I think she will be a very good president of the EIB," Scholz said in an address to a weekend congress of the Party of European Socialists (PES) in Malaga, Spain. He added that they had worked well together in the past when they headed their respective countries' finance ministries. The EIB is currently led by German Liberal Democratic Party (FDP) politician Werner Hoyer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Nadia Calvino, Susana Vera, Olaf Scholz, Scholz, Werner Hoyer, Andreas Rinke, Vera Eckert, Kirsten Donovan Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Saturday, European Investment Bank, Party of European Socialists, European Union, Berlin, German Liberal Democratic Party, Thomson, Reuters Locations: Marrakech, Morocco, Malaga, Spain, Germany, France

☆ Montenegro holds parliamentary vote to secure reforms, EU path
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +3 min

The parliamentary vote is the first in the small former Yugoslav republic since Milo Djukanovic, former leader of the Democratic Party of Socialists (DPS), lost the presidential election in April and stepped down after 30 years in power. Polling stations for the 540,000-strong electorate open at 7 a.m. (0500 GMT) and close at 8 p.m. (1800 GMT). The state election commission said 15 parties and alliances will compete for 81 parliamentary seats in the nation of just over 620,000 people. Montenegro is a candidate to join the EU, but it must first root out corruption, nepotism and organised crime. After Russia's invasion of Ukraine last year, Montenegro - unlike Serbia - joined EU sanctions against Moscow.

Persons: Djukanovic, Milo Djukanovic, Jakov Milatovic, Milojko Spajic, Danijel Zivkovic, Zivkovic, Moscow, Aleksandar Vasovic, Stevo, Helen Popper Our Organizations: PODGORICA, NATO, European Union, Democratic Party of Socialists, Centre for Democracy, Human, European, Finance, EU DPS, Russia Democratic Front, Serbian Orthodox, EU, Serbian, Moscow, Thomson Locations: Yugoslav, EU, Montenegro, Serbia, Serbian, Ukraine, Belgrade, Podgorica

☆ How Do You Actually Help a Suicidal Teen?
▼ + stars: | 2023-05-17 | by ( Maggie Jones | ) www.nytimes.com time to read: +5 min

He wanted a career that allowed him to help children as much as possible by prescribing meds and providing therapy. “When you can’t make sense of your despair, I can make sense,” says Bender, who has won several teaching and clinical-care awards. And, hopefully, help parents do so, too.”As he talked, more children were waiting at the hospital’s Psychiatric Emergency Services, six floors below. Most teenagers who experience suicidal thoughts don’t need to be hospitalized and most don’t kill themselves (about 2,800 did in 2021). “Ignore the social and family context at your peril,” says Brent, who has tracked the rise in adolescent suicide for years.

☆ Reader mailbag: From M&A and MBAs to Elon Musk and bitcoin, all your questions answered
▼ + stars: | 2023-04-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's easier to leverage misinformation for personal gain within the world of finance than perhaps any other industry. I'm not the type to suggest the only real information you can get on the markets is from established news outlets. Do you think the legacy media is fearful of Elon Musk's new Twitter? I just think the discourse on Twitter is very different from what you'd find on a media website. My position on bitcoin, and the wider digital-currency ecosystem, is that it's too often a solution looking for a problem.

☆ Elon Musk says 'controversial decisions' at Twitter were often made without Jack Dorsey's approval
▼ + stars: | 2022-12-09 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Elon Musk said "controversial decisions" at Twitter were often made without Jack Dorsey's approval. While CEO of Twitter, Dorsey was "unaware of systemic bias" at the company, Musk said. Musk's comments came after part two of the so-called Twitter Files were published Thursday. Responding to Weiss' tweet, and appearing to back Dorsey, Musk said: "Controversial decisions were often made without getting Jack's approval and he was unaware of systemic bias. Dorsey hasn't responded to the Twitter Files' claims but he told Musk on Wednesday to "just release everything without a filter."

☆ The 'Twitter Files' part 2 claimed to 'reveal' that the platform limited some accounts' reach, but that was already public knowledge — and in line with Elon Musk's new 'freedom of speech, not freedom
▼ + stars: | 2022-12-09 | by ( Rebecca Cohen | Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Twitter first announced in 2018 it would effectively hide some tweets from conversations and search results, according to The Washington Post's Will Oremus. Critics, and there were many, especially as prominent Republicans were impacted, referred to Twitter's practice of limiting certain tweets' visibility as "shadowbanning." In her thread, Weiss said Twitter's Strategic Response Team - Global Escalation Team, known as SRT-GET, was the body tasked with deciding which users were marked for "visibility filtering." The description outlined by Weiss of Twitter's internal moderation policy appears to fall in line with Musk's own recently-announced approach to content moderation on the site: "Freedom of speech doesn't mean freedom of reach. But Weiss, a former New York Times columnist, is not thought to be a current employee at Twitter.

☆ PE wants to see some cash flow before it starts making deals
▼ + stars: | 2022-12-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

As the markets continue to sour, and a recession looms, everyone's wondering when PE firms will begin scooping up assets. High on Bae's wishlist are "all things digital," he said, with one giant caveat: profitability. There are plenty of companies doing fascinating things in the digital space, but many have yet to reach profitability (*cough* fintechs *cough*). Goldman Sachs is going dumpster diving for crypto companies. Chaos in the crypto markets is creating investing and acquisition opportunities for the bank, according to Matthew McDermott, Goldman's head of digital assets.

☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Tesla, Chipotle, Capital One, United & more
▼ + stars: | 2022-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.

☆ 5 cheap industrial stocks with upside as investors look outside tech for the next leaders
▼ + stars: | 2022-10-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The tech sector's fall from grace may signal to investors it's time to get back into an old-economy mentality and bet on industrial stocks whose business models that have changed relatively little over the years. This could mean industrial stocks, which have fared seemingly well relative to the broader market. Across the sector, investors can find a slew of beaten-down stocks trading at attractive levels. The stock's forward PE trades at a 76.3% discount to its five-year average, offering one of the biggest PE discounts of the group. Both stocks are trading at roughly 28% and 40% discounts to their average forward PEs.

☆ Îți plac jocurile video? Devino jucătorul Echipei Țării la PES la UEFA eEURO 2021
▼ + stars: | 2021-01-12 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Îți plac jocurile video și vrei să reprezinți țara la UEFA EURO 2021? În urma acestui turneu, organizatorii vor selecta doi jucători care vor reprezenta Republica Moldova la UEFA eEURO 2021. Deținătorii primelor două locuri vor face parte din Echipa Republicii Moldova la PES și se vor alege cu premii. Moldova va participa pentru al doilea an consecutiv la eEuro. Anul trecut Republica Moldova a fost reprezentată de către Dan Moroșanu și Alexandru Ianciu.

Persons: Dan Moroșanu, Alexandru Ianciu Organizations: UEFA EURO, Federația, Federația Moldovenească de Fotbal, Orange Moldova, Națională, UEFA eEURO, Republicii Locations: Moldova, Federația, PES2021, Republica Moldova, Republicii Moldova, PES, Bosnia, Herțegovina, Elveția, Kazahstan, Macedonia de Nord

☆ Volvo определила завод для выпуска своих электромоторов
▼ + stars: | 2020-12-09 | by ( Mld Media Srl | ) noi.md time to read: +1 min

Марка Volvo, основанная в 1927-м, была крупным заказчиком, а в 1935-м выкупила завод и в период 1973–1975 гг. Компания Volvo, чтобы стать электрическим брендом в 2030 году, намерена к 2025-му наладить собственное производство электромоторов. В Шёвде продолжится изготовление ДВС, но заниматься им будет «дочка» Volvo под названием PES (Powertrain Engineering Sweden), которая объединится с Geely. Заметим, летом 2019-го Volvo инвестировала в Шёвде 1,6 млрд крон (13,9 млрд рублей), чтобы в течение четырёх лет заменить формовочную линию. Стало быть, совсем недавно о выпуске электромоторов на этой площадке никто не подозревал и нынешние вливания не самые значительные.

Persons: Константин Болотов Organizations: Volvo, Завод, Шевде Locations: Sweden, Шевде, Гетеборг, Шанхай

☆ Власти Чехии ослабят введенный из-за COVID-19 карантин
▼ + stars: | 2020-11-30 | by ( ) nokta.md time to read: +1 min

Власти Чехии сообщили, что снизят уровень риска коронавирусной инфекции до третьего (из пяти) и с 3 декабря ослабят некоторые ограничения, введенные для предотвращения распространения COVID-19. Агентство Reuters уточняет, что третий уровень оценки риска противоэпидемической системы (PES) министерства здравоохранения предусматривает открытие магазинов и ресторанов с ограниченным количеством посетителей и соблюдение социальной дистанции. Чехия ввела комендантский час с девяти часов из-за распространения COVID-19 почти месяц назад — 27 октября. Власти тогда заявили, что принятые ранее меры — закрытие баров, ресторанов, большинства магазинов и школ— не смогли снизить темп распространения инфекции. С начала пандемии в Чехии, по данным университета Джонса Хопкинса, выявили 518 649 случаев заражения коронавирусом, за прошедшие сутки зарегистрировали 2667 новых случаев COVID-19.

Persons: Ян Блатный Organizations: Reuters, Новая газета, Джонс Хопкинса, Европейский центр профилактики и контроля заболеваний () Locations: Чехия

☆ The man who unlocked the world's secret to living to age 100 says you can skip the gym
▼ + stars: | 2019-12-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +7 min

People residing in these Blue Zones are outliving us because they have figured out what others have not, according to Buettner. In 2009, he piloted his first "Blue Zones Project" in Albert Lea, Minnesota. The goal was to reverse-engineer it into a Midwestern Blue Zone. Playa Santa Teresa, on the Nicoya peninsula in Costa Rica, is in one of Buettner's Blue Zones. AdvertisementAdvertisementUpdate: A previous version of this story mentioned Belgian professor Michel Poulain as the inventor of the phrase "Blue Zone."

Persons: Dan Buettner, Michel Poulain, Gianni, Buettner, Toru Yamanaka, Loma, Albert Lea, Albert, Al Brooks, MinnPost, Gerhard, Enrico Spanu, dietitians, demographer Gianni Organizations: Service, Gianni Pes, Geographic, Getty, Albert Lea City, Fort Worth, demographer Gianni Pes Locations: Wall, Silicon, Kohama, Okinawa, Sardinia, Italy, Japan, Costa Rica, Ikaria, Greece, Loma Linda, California, Minnesota, Albert Lea , Minnesota, Albert Lea, Santa Teresa, Fort Worth , Texas, Fort, Belgian

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