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☆ Fund manager says there is no economic rationale for Fed interest rate cuts
▼ + stars: | 2024-05-01 | 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 EmailFund manager says there is no economic rationale for Fed interest rate cutsLatitude Investment Management’s Freddie Lait said he believes there is no economic rationale for the Federal Reserve to cut interest rates.

Persons: Freddie Lait Organizations: Email, Federal Reserve

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

☆ Alibaba and Tencent: China’s internet giants snap up their own shares to boost flagging stock market value
▼ + stars: | 2024-04-03 | by ( Laura He | ) edition.cnn.com time to read: +4 min

That would mark the biggest share repurchase by a Chinese tech company in the past year. The tech giant’s move comes at a time when Chinese regulators have been asking listed companies to repurchase shares to stabilize market confidence. Overall, companies listed in Hong Kong spent 126 billion Hong Kong dollars ($16.1 billion) buying back shares in 2023, the highest on record, according to Chinese financial data provider Choice. Tencent alone accounted for about 40% of total share buybacks in the Hong Kong market. Additionally, the global selling of Chinese assets, driven by geopolitical tensions or concerns about regulatory uncertainties, has further pressured Chinese share prices.

Persons: Alibaba, “, ”, Stephen Innes, Tencent, Xiaomi, ” Innes Organizations: Hong Kong CNN, Alibaba, BABA, Hong Kong, CNN, “ Locations: China, Hong Kong, buybacks, Shanghai, Shenzhen, Hangzhou, Beijing

A New York bank is under severe pressure Friday close to one year after absorbing a large chunk of another bank 30 miles away that had failed. That pressure has been compounded at the Hicksville, New York, bank because it grew massively almost overnight after absorbing the failed Signature Bank. That put New York Community Bancorp at a new level that requires higher regulatory scrutiny, a transition that has been rocky. One of those failed banks, Signature, was acquired by New York Community Bancorp, pushing it above $100 billion in assets, which by law puts it under more scrutiny from regulators. DiNello was CEO of Flagstar Bank, which New York Community Bancorp acquired in late 2022.

Persons: Thomas Cangemi, ”, Joe Biden, ” Citi’s Keith Horowitz, Horowitz, Cangemi, Alessandro DiNello, DiNello Organizations: New York Community Bancorp, Moody’s, U.S . Securities, Exchange Commission, Bank, Industry, Flagstar Bank, New, Community Bancorp Locations: York, New, , New York

☆ The Fed 'jumped the gun' in December, says Rockefeller Capital Management’s Greg Fleming
▼ + stars: | 2024-02-16 | 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 Fed 'jumped the gun' in December, says Rockefeller Capital Management’s Greg FlemingGreg Fleming, Rockefeller Capital Management president and CEO and former president of Morgan Stanley Wealth Management, joins 'Squawk Box' to discuss the state of the U.S. economy, the impact on the Fed's rate path outlook, latest market trends, and more.

Persons: Greg Fleming Greg Fleming, Morgan Organizations: Rockefeller, Rockefeller Capital Management, Morgan Stanley Wealth Management Locations: U.S

The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Cisco — a company best known for making much of the technology that connects the internet — expects its reorganization to cost an additional $800 million. The double whammy of two big layoffs in two years has been a phenomenon affecting other prominent technology companies, such as Google and Amazon, both of which have trimmed their once-steadily growing payrolls multiple times since the end of 2022. The reductions are being made even though most of the companies are still big moneymakers. But Cisco’s stock price has gained just 6% during the same period, a factor that might have played into management’s decision to make even deeper payroll cuts than some of the company’s tech brethren.

Persons: Chuck Robbins, Robbins, Cisco's, ” Robbins Organizations: FRANCISCO, Cisco Systems, Cisco —, Google, Cisco, Revenue, Microsoft, Riot Games, eBay, PayPal, Nvidia Locations: San Jose , California, U.S

☆ Spotify CEO Daniel Ek is worth billions — but says he still feels 'inadequate every day'
▼ + stars: | 2024-02-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Spotify founder and CEO Daniel Ek admitted to feeling not good enough every day despite his success. He told Norges Bank Investment Management’s podcast “In Good Company” he often feels "inadequate." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDaniel Ek is a billionaire and CEO of one of the world’s best-known companies — but says he still feels “inadequate every day.”The Spotify chief made the comment on Norges Bank Investment Management’s podcast “In Good Company” last month. The stock has had a rollercoaster ride but is up 58% over the past five years, and 91% up over the past 12 months, leaving Spotify worth $46 billion.

Persons: Daniel Ek, ”, Ek, —, he's, That’s, ” Ek, Forbes, George Barnard Shaw Organizations: Spotify, Norges Bank Investment, Service, New York Stock Exchange, Business Locations: Swedish

☆ Growing quant giant Qube just added a fundraiser focused on Asian investors
▼ + stars: | 2024-02-12 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. Sources familiar with the firm's plans told Business Insider that it hopes Hirazumi will help bring in assets to the firm’s China strategy. The manager has four Asian offices listed on its website, including one in mainland China in Shanghai, plus others in Hong Kong, Singapore, and Mumbai. It helps that performance has been stellar: The manager is already up roughly 10% through January this year, Business Insider previously reported . Another Millennium spin-out, Kurt Baker’s 30th Century Partners, is planning to start trading this year with $3 billion out of Hong Kong, according to a Bloomberg report.

Persons: Noriaki Hirazumi, Qube, Hirazumi, Ray Dalio, Blackstone, Jonathan Xiong, Kurt Baker’s Organizations: Research, Technologies, General Investment, London, Winton Group, Business, Credit Suisse, Public, Tiger, Investment Partners, Century Partners, Bloomberg Locations: Asia, London, Japan, China, Shanghai, Hong Kong, Singapore, Mumbai, Qube, Bridgewater

☆ The hedging property of Treasury bonds is here, says JPMorgan Asset Management’s Priya Misra
▼ + stars: | 2024-01-30 | 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 hedging property of Treasury bonds is here, says JPMorgan Asset Management’s Priya MisraPriya Misra, JPMorgan Asset Management fixed income portfolio manager, joins 'Squawk Box' to discuss the latest market trends, why she believes there's still a 25-30% chance or a hard landing, the Fed's rate path outlook, and more.

Persons: Priya Misra Priya Misra, there's Organizations: JPMorgan, Management

☆ Goldman Sachs Asset Management’s Elizabeth Burton breaks down market action ahead of key fed meeting
▼ + stars: | 2024-01-29 | 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 EmailGoldman Sachs Asset Management’s Elizabeth Burton breaks down market action ahead of key fed meetingElizabeth Burton, Goldman Sachs Asset Management, joins the 'Fast Money' traders to discuss key topics on her radar and what she’s hearing from large institutional allocators.

Persons: Goldman Sachs, Elizabeth Burton, Goldman Organizations: Goldman, Asset Management

NEW YORK (AP) — Journalists at The New York Daily News and Forbes walked off the job Thursday amid contentious contract talks with management and a difficult few weeks in the news industry. The one-day strike at the Daily News coincides with Forbes walkout, which runs through Monday. The labor union's actions come at a tumultuous time for media outlets, an increasing number of which are owned by billionaires. This week, Time magazine and Condé Nast, the publisher of Vogue, Vanity Fair, GQ and other marquee magazines, both announced significant job cuts. Forbes spokesperson Laura Brusca said the company is “working diligently” to reach a contract with the union.

Persons: “ Alden, Condé Nast, Jeff Bezos, Alden Global, Michael Gartland, they’re, “, Andrea Murphy, ”, didn’t, Laura Brusca, ” Murphy Organizations: — Journalists, The New York Daily News, Forbes, Daily, Daily News, Strikers, York, Vogue, GQ, Condé Nast, Los Angeles Times, The Washington Post, Amazon, Sports, Alden Global Capital, Alden, The Daily News Locations: New York, Manhattan

☆ More than 400 Condé Nast staffers stage one-day walkout to protest layoffs
▼ + stars: | 2024-01-23 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

The company then revised the plan, announcing it would lay off 94 unionized members, or some 20% of the Condé Nast Union. It is time to start bargaining in good faith with us.”The NewsGuild of New York has filed an unfair labor practice charge on behalf of Condé Nast Union, citing regressive bargaining. “Media workers at Condé Nast are key to the company’s success and reputation for excellence. “Guild members in Condé Nast Union walked off the job today to remind management of their worth and urge company reps to bargain in good faith. We demand nothing less.”A Condé Nast spokesperson dd not immediately respond to a request for comment.

Persons: Condé Nast, Prada, “, ” Ben Dewey, Condé Nast, Susan DeCarava, Condé Organizations: CNN, Condé, Vogue, GQ, New, New York City, Condé Nast Union, CNE, Condé, Condé Nast Union, “ Media, Los Angeles Times, Washington Post Locations: New York, Condé Nast, Condé Nast

☆ CSU faculty strike: Thousands of Cal State faculty walk off the job, beginning a massive five-day strike
▼ + stars: | 2024-01-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

Faculty and supporters picket during a strike at the California State University, Northridge campus in Los Angeles, California, US, on Monday, Jan. 22, 2024. Jill Connelly/Bloomberg/Getty ImagesVillanueva Bernal said one of her children attends a Cal State school, one of two public university systems in California. In a statement, Cal State said the CFA’s demand for a 12% raise, along with other economic demands, are “financially unrealistic.”“Their request far surpasses the state funding increase that the CSU received in last year’s state budget ($227 million) and is more than the entire budget of Cal Poly Pomona ($369 million),” Cal State said. The union has been bargaining with Cal State since May, and the university system has offered a 5% raise each year over three years. However, CFA has argued that Cal State can afford their proposals.

Persons: ”, “, Elaine Villanueva Bernal, Jill Connelly, Villanueva Bernal Organizations: Los Angeles CNN, California State University, California Faculty Association, ”, CFA, Cal State, CSU, Cal State University, Cal State University Long Beach, Faculty, Northridge, Los Angeles Times, Bloomberg, Getty, Cal Poly Pomona, Cal, management’s Locations: Cal State University Long, Los Angeles County, ”, Los Angeles , California, California

HOUSTON (AP) — The arctic blast of winter weather that is gripping much of the U.S. this week is also bringing with it various hazards that people have to contend with to keep warm and safe. These dangers can include carbon monoxide poisoning, hypothermia and frozen pipes that can burst and make homes unlivable. Public safety officials and experts say there are multiple ways people can prepare themselves to avoid these winter weather hazards and keep themselves safe. STAYING SAFE INSIDE YOUR HOMEOfficials say that during a winter storm, people should stay indoors. “The symptoms of carbon monoxide poisoning can be really insidious.

Persons: Alex Harding, ”, Samuel Peña, ” Peña, ” Harding, …, ” Hardin, Julian Ochoa, Jose Parra, ” Parra, ___, Juan, Lozano Organizations: HOUSTON, U.S . Centers for Disease Control, Baylor College of Medicine, Houston Fire, Houston Office, Abacus Plumbing, Air Conditioning, Electrical Locations: U.S, Houston

☆ Mergers Like JetBlue’s Proposed Acquisition of Spirit Usually Turn Out to Be Bad - The New York Times
▼ + stars: | 2023-12-04 | by ( Tim Wu | ) www.nytimes.com time to read: +2 min

Most of the time, however, mergers that seem bad really are bad. It is in neither the investors’ nor JetBlue’s management’s interests to pick a fight with the big guys. There was a time, back at the turn of the century, when JetBlue was a genuinely innovative airline. In 2014, Wall Street analysts turned on JetBlue and its chief executive at the time, Mr. Barger, accusing the company of being too consumer-focused. Unfortunately for customers, Wall Street won, Mr. Barger was thrown out and JetBlue started charging fees for all sorts of things.

Persons: David Neeleman, David Barger, Barger Organizations: Ticketmaster, Sprint, Mobile, Instagram, Facebook, JetBlue, United, Wall Street, Investors Locations: United States, Delta, United

☆ Meet the Thai celebrities — and ‘boys love’ stars — becoming fashion’s newest power players
▼ + stars: | 2023-11-21 | by ( Tiffany Ap | ) edition.cnn.com time to read: +10 min

(CNN) — Back in February, Nattawin Wattanagitiphat’s fans spared no expense in marking the Thai actor’s 29th birthday. Local media reported his birthday haul totaled 50 million Thai baht, or around $1.4 million. But more often than not, the Thai stars who are able to build international fan bases tend to be actors. “K-pop stars dedicated their lives training (from a young age) to be idols,” but Thai stars, she said, can be more relaxed. We don’t really keep the talent in a box like Korean companies do.”Another advantage some Thai celebrities have is their ability to resonate among Chinese audiences.

Persons: Nattawin, Christian Dior, Lefty.io, Karla Otto, TikTok, Kylie Jenner, Zendaya, Pascal Le Segretain, Dior, Tontawan Tantivejakul, Lalisa Manobal, Lisa, Celine, There’s, Pharrell Williams, Louis Vuitton, Davika Hoorne, Urassaya Sperbund, ‘, Calvin Klein, Bright’s, Metawin, ’, Nichapat, Sumettikul, “ KinnPorsche ”, Ralph Lauren, Kanawut, Suphap, It’s, “, ”, ” Suphap, Blackpink, Jisoo, Jennie, Rose, Evan Agostini, Dior womenswear, Jennifer Lawrence, Robert Pattinson, Fatti, ” Laleh, ” Davika Hoorne, Michael Kors, Jamie McCarthy, Traipipattanapong, Gucci, Justin Shin, Krisda Witthayakhajorndet, Thais Organizations: The, Fashion, CNN, Thai, Rolex, Vogue, Mastercard, Bain & Company, American Vogue, Burberry, Prada, Venture Management, Gucci, MTV, Apo, South Locations: ’, Asia, India, Instagram, Thailand, North, South Asia, Thai, Southeast Asia, Pacific, Bangkok, Pee Mak, Norwegian, American, Vogue Thailand, Newark , New Jersey, Launchmetrics, Paris, Blackpink, Brooklyn , New York, Seoul, South Korea

Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed. His Scion Asset Management’s biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors. He bought put options with a notional value of $47.4 million against the iShares Semiconductor ETF (SOXX.O), according to the filing. The filings also showed that Burry's fund no longer held puts on the Nasdaq 100 and S&P 500. Hedge fund Man Group also sold its 1.1 million shares in Nvidia, while Renaissance Technologies LLC sold its entire stake in the company.

Persons: Michael Burry, Burry, George Soros, Carolina Mandl, David Gregorio, Anna Driver, Deepa Babington Organizations: U.S, Nasdaq, iShares Semiconductor, Soros Fund Management, Society, Nvidia, Taiwan Semiconductor Manufactoring, Man, Renaissance Technologies, Tiger Global Management, Eisler Capital, Man Group, Duquesne Family Office, Thomson Locations: U.S, TSMC, New York

☆ Sergio Ermotti, UBS CEO, is leading the biggest banking deal in history. Failure is not an option
▼ + stars: | 2023-11-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

The caller was UBS (UBS) chairman Colm Kelleher. “I was definitely not expecting the phone call,” Ermotti told CNN on the sidelines of a conference in Geneva last month. UBS paid 60% less than the beaten-down value of Credit Suisse shares just before its last-ditch rescue over a weekend. Even if Credit Suisse had none of that painful baggage, the sheer size of the two banks makes the merger an enormous undertaking. “The fact that UBS was asked to be part of the solution (to Credit Suisse), that was the ultimate success,” Ermotti told CNN.

Persons: Sergio Ermotti, Colm Kelleher, Ermotti, ” Ermotti, Anke Reingen, Roger Federer, “, ”, Morgan Stanley, ” Kelleher, Michael Buholzer, it’s, Katrin Koch, Tom Naratil, —, Merrill Lynch, Stefan Wermuth, Oswald Gruebel, ” Christopher Wheeler, Fabrice Coffrini, … Organizations: Switzerland CNN, UBS, Credit Suisse, CNN, Bank of America, JPMorgan, HSBC, RBC Capital Markets, RBC, Ermotti’s, Banca, Citi, UBS —, Bloomberg, New York Times, Getty Locations: Geneva, Switzerland, Swiss, Zurich, Lugano, Singapore, Europe, Middle East, Africa, New York, AFP

Strikes at car and truck plants are likely to have a widespread impact on manufacturing activity given their large supply chains. Energy consumption by industrial users steadied over the third quarter, which was consistent with the worst of the manufacturing downturn being over. The stabilisation of both diesel and industrial electricity sales in the summer was consistent with manufacturing activity steadying ahead of a renewed expansion. Because the industrial downturn has been long but shallow, distillate inventories remain well below the long-term seasonal average. Return to expansion would likely cause diesel stocks to deplete rapidly and put upward pressure on industrial prices quickly.

Persons: Andrew Kelly, John Kemp, Louise Heavens Organizations: REUTERS, Institute, Supply, Federal Reserve, Global, U.S, Thomson, Reuters Locations: IceStone, New York City , New York, U.S, Chartbook

☆ Tech stocks suffer two-day selloff as investors find 'wrinkle or two' in Alphabet, Meta earnings
▼ + stars: | 2023-10-26 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. In Alphabet's earnings report, Wall Street fretted over the numbers out of the Google Cloud division, which is investing heavily to try and catch Amazon and Microsoft , particularly when it comes to managing hefty artificial intelligence workloads. The concern from Facebook parent Meta was sparked by comments that CFO Susan Li provided on the earnings call regarding the advertising market in the fourth quarter. Alphabet shares are down by about 12% over the past two days, while Meta has dropped roughly 7%. In emphasizing the potential business impact of war in the Middle East on its business, Meta spelled out those concerns to shareholders.

Persons: Meta, Ruth Porat, Susan Li, Li, Mark Zuckerberg, Sundar Pichai, Joe Biden, Mark Avallone, CNBC's, skittishness, You've, Avallone, trashing Organizations: Nasdaq, Apple, Google, Microsoft, Meta, Nvidia, Amazon, The Commerce Department, Hamas, Guggenheim, Potomac Wealth Advisors, YouTube Locations: what's, U.S, Ukraine, Potomac

☆ DJ D-Sol out! Goldman Sachs CEO David Solomon steps away from controversial spinning gig
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. Solomon, who performed under the alias DJ D-Sol, began spinning tracks at festivals and in night clubs a few years ago. “David [Solomon] doesn’t work to play diplomat,” Jeffrey Sonnenfeld, who runs Yale School of Management’s Chief Executive Leadership Institute, recently told CNN. And while shares of Goldman Sachs (GS) may be down by more than 8.4% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Goldman Sachs, David Solomon, “ David, ”, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, Doja, Andrew Cuomo, it’s, Marcus, ” Jeffrey Sonnenfeld, they’re, “ Organizations: New, New York CNN, CNN, New York State Department of Health, Financial, Yale School of Management’s, Leadership Institute, Revenue Locations: New York, South Beach, Dua Lipa

In turn, higher rates will dampen interest-sensitive expenditure and likely lead to slower growth in oil consumption in 2024. Services are less energy-intensive but more labour-intensive than manufacturing, so the sector’s inflation rate tends to be more persistent and a better indicator of the overall amount of inflationary pressure within the economy. Most rate traders anticipate the central bank will be forced to keep overnight rates higher for longer to squeeze persistent inflation out of the economy. In the short term, the renewed expansion of the U.S. manufacturing and service sectors is supporting oil consumption and prices. In the medium term, however, the higher-for-longer rates needed to bring inflation back to target will likely depress business activity and slow oil consumption growth in 2024.

Persons: Eduardo Munoz, John Kemp, Rod Nickel Organizations: Exxon, REUTERS, Institute, Supply, Federal Reserve, Treasury, Thomson, Reuters Locations: Newport , New Jersey, U.S, United States, Europe, Ukraine

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

Private credit players like HPS Investment Partners and Blue Owl Capital (OWL.N) have a workaround, but it could prompt a painful hangover. Cashed-up private credit funds offered sums previously unseen outside of traditional bank financing on riskier deals. Private credit assets swelled 460% to over $1.4 trillion between 2010 and the end of 2022, Preqin says. Reuters GraphicsThe attraction of “mezz” and similar exotic lending isn’t just that it helps private credit source new deals. In 2021, that dynamic meant private loans briefly became cheaper than liquid, tradable loans – flying in the face of financial orthodoxy.

Persons: –, Zendesk, Preqin, LSEG, HPS, Goldman, Blackstone, Angelo Gordon, dealmaking, George Hay, Oliver Taslic Organizations: Reuters, HPS Investment Partners, Owl, Blackstone, Apollo, Treasury, Private, Management, Partners, Reuters Graphics Reuters, Sabre, Companies, Wolf, ADC Therapeutics, Equity, Thomson Locations: EBITDA

☆ Walgreens walkout: 5 things you need to know
▼ + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Organizers told CNN they had heard from well over 500 interested stores (out of approximately 9,000) across the country. Another organizer told CNN that Walgreens had asked regional leaders to mobilize and staff the pharmacies on Monday. It’s an incredibly rewarding job, but it’s hard,” said Amanda Applegate, the interim executive director of the Kansas Pharmacists Association. CVS pharmacists also walked off the jobCVS recently had a walkout and talks are not over. Another meeting with Shah is planned for late this week, but no time or location has been set, a CVS walkout organizer told CNN.

Persons: they’ve, “, ”, Amanda Applegate, Peter Bonis, Michael Hogue, Prem Shah, Shah, Amy Thibault, Fraser Engerman Organizations: New, New York CNN — Pharmacy, CNN, WGA, United Auto Worker, Facebook, Walgreens, American Pharmacists Association, National Alliance of State Pharmacy, CVS, Kansas Pharmacists Association, Wolters Kluwer Health, CVS Pharmacy, Kansas City, ” Locations: New York, Kansas City, United States, Kansas

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