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☆ The private credit run isn't over, says Nuveen. Here's how to invest
▼ + stars: | 2024-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's a lot to like about private credit these days, according to Nuveen. "The private credit run isn't over yet," Saira Malik, the asset manager's chief investment officer and head of equities and fixed income, wrote in a recent report. How to invest While private credit is largely seen as an instrument for institutional investors, individual investors have also been moving into the space. "Over the next 10 years, I think the story is going to be much more about the democratization of private credit." Meanwhile, A-shares of the Franklin BSP Private Credit Fund have a $2,500 minimum investment and a 8.96% annualized distribution rate, as of Oct. 15.

Persons: Saira Malik, Malik, Ken Kencel, Kencel, Credit's, Nuveen, Churchill's, BDC Organizations: Churchill Asset Management, Nuveen, Blackstone Private Credit Fund, Blackstone, Franklin BSP Private Credit Fund, Ares Capital Corp, Fund, Owl Capital Corporation, Lending Corp Locations: Franklin

☆ M&A is already increasing 'modestly' and expected to pick up in second half, says Churchill's Kencel
▼ + stars: | 2024-07-29 | 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 EmailM&A is already increasing 'modestly' and expected to pick up in second half, says Churchill's KencelKen Kencel, Churchill Asset Management president and CEO, joins 'Money Movers' to discuss the current state of dealmaking, the recent rise in small caps, and much more.

Persons: Churchill's, Ken Kencel Organizations: Churchill Asset Management Locations: dealmaking

☆ UK's Starmer aims to overhaul EU relations as Trump specter looms
▼ + stars: | 2024-07-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

"We cannot let the challenges of the recent past define our relationships of the future," Starmer said in a Wednesday statement from Downing Street. It comes as the specter of a second presidency from Republican candidate Donald Trump looms heavy over Europe after an assassination attempt over the weekend buoyed support for the former president. Both Trump and his newly announced running mate JD Vance have indicated that continued support for Europe — and in particular Ukraine — are not guaranteed under a second Trump administration. The Republican presidential nominee has repeatedly lambasted the continent's lack of defense spending, and has threatened to pull out of NATO, while Vance has shown ambivalence over U.S. intervention in foreign affairs. In anticipation, European NATO members have been upping their defense spending, including a new commitment from Starmer to spend 2.5% of U.K. gross domestic product (GDP) on defense.

Persons: Keir Starmer, John Healey, George Robertson, Winston Churchill's, Starmer, Donald Trump, Trump, JD Vance, Vance Organizations: British, Defence, Downing, Labour, European Political, Republican, Europe —, NATO Locations: London, England, OXFORD, Europe, Winston, Blenheim, Oxfordshire, Ukraine

☆ Graham Sutherland’s study for the portrait Winston Churchill hated goes up for auction
▼ + stars: | 2024-04-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +7 min

Churchill is talking about his own portrait, commissioned to celebrate his 80th birthday, as it is unveiled in London’s Westminster Hall in November 1954. This painted study of Churchill by Sutherland, made in preparation of the portrait, is up for auction for the first time. Tristan Fewings/Getty Images for Sotheby'sWhile “The Crown” is not a documentary, it is true that the 80th birthday portrait —described by Churchill as “filthy and malignant” in a letter to his personal doctor — was burned. “(Sutherland) caught him in a much more relaxed, intimate way,” Zlattinger said of the study, a small canvas painted in oils. Graham Sutherland, seen with his-then unfinished but eventually much-maligned portrait of Churchill.

Persons: it’s, ” Winston Churchill, John Lithgow, Graham Sutherland, Stephen Dillane, ”, Churchill, ” Sutherland, “, Judas, Churchill’s, Clementine, Harriet Walter, Sutherland, Tristan Fewings, —, ” Andre Zlattinger, “ He’d, He’d, Churchill —, Alfred Hecht, ” Zlattinger, Hatshepsut of, Baron, Queen Elizabeth I, Robert Blyth ,, Elizabeth “, Queen Victoria, Elizabeth, Ira B, Nadel, ” Blyth, Elizabeth I, Blyth, ” Dr Caroline Rae, Stalin, ” Bryn Sayles, Jacob Epstein, Alexis Schwarzenbach, Queen Elizabeth, King George VI, Queen Elizabeth II, Cecil Beaton, Sayles, Gary Oldman’s Organizations: CNN, Hall, Modern, Irish, Sotheby’s New, Royal Museums Greenwich, Art, University College London, Conservative Party Locations: Sotheby’s, Sotheby’s New York, London, Sutherland, Queen, Downing, Suez, Blenheim, Oxford, New York, British, Swiss

[1/3] Former Goldman Sachs CEO Lloyd Blankfein and Goldman Sachs chairman and CEO David Solomon speak together during Goldman Sachs analyst impact fund competition at Goldman Sachs Headquarters in New York City, U.S., November 14, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsCompanies Goldman Sachs Group Inc FollowNEW YORK, Nov 14 (Reuters) - Goldman Sachs (GS.N) Chief Executive Officer David Solomon and his predecessor gave career advice to about 4,000 analysts as junior bankers pitched for grants to be given to charity on Tuesday. Solomon interviewed former CEO Lloyd Blankfein, who handed over the reins in 2018, for an audience of junior employees and senior partners that drew laughter and smiles in the auditorium at its New York headquarters. Goldman partners awarded the $250,000 first-place prize to TalkingPoints, an education nonprofit, after a successful pitch from four analysts from its London office. Solomon and Blankfein addressed the junior employees a day after they attended a dinner for retired partners in New York.

Persons: Goldman Sachs, Lloyd Blankfein, David Solomon, Brendan McDermid, Solomon, Winston, Blankfein, underused, Dan Dees, Goldman, Saeed Azhar, Lananh Nguyen, Matthew Lewis Organizations: Goldman, REUTERS, Goldman Sachs, CNBC, Thomson Locations: New York City, U.S, New York, London

☆ Take a look inside the new Raffles hotel in London
▼ + stars: | 2023-11-08 | by ( Karen Gilchrist | Marylou Costa | ) www.cnbc.com time to read: +8 min

Fiona Harris Communications director, Raffles London"It's the magic combination: the building, the location and the name, Raffles," Fiona Harris, Raffles London's communications director, told CNBC Travel. All in, the hotel houses 120 suites and rooms, including five heritage suites in the former offices of political and military leaders, and eight corner suites named after notable women and female spies. Raffles London is home to 120 rooms and suites, including eight corner suites named after notable women and female spies. Saison, run by Argentine Michelin star chef Mauro Colagreco, is one of nine restaurants and three bars at Raffles London. London's new luxury waveA stay at Raffles London is not without a significant price tag.

Persons: Winston Churchill's, Fiona Harris, Sir Stamford, Henry VIII, Ian Fleming's James Bond, Churchill, David Lloyd George, Lord Kitchener, Harris, Winston Churchill, Thierry Despont, Raffles, Argentina's Mauro Colagreco, sipping, Mauro Colagreco, James Bond, Ian Fleming, It's, Christine Granville, Gopichand Hinduja —, —, Hinduja Organizations: Raffles, Downing, Fiona Harris Communications, CNBC Travel, Sir Stamford Raffles, Hinduja, Ministry of Defense, British Army, Architects, British Secret Service, CNBC, Suite, Liberty, Michelin, Raffles London, Guards, London Sling, Argentine Michelin, Ministry, Hyde Park, Royal British Legion, British Armed Forces Locations: Whitehall, London, Raffles London, British, Singapore, India, Argentine, U.S, China, Granville, Hyde, Rosewood, Claridge's, The Emory

LONDON (AP) — Four men were charged Monday over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born. The toilet, valued at 4.8 million pounds ($5.95 million), was an artwork titled “America” and intended as a pointed satire about excessive wealth by Italian conceptual artist Maurizio Cattelan. It was part of an art installation at Blenheim Palace, near the city of Oxford, a few days before it vanished overnight in September 2019. The Crown Prosecution Service said Monday it has authorized criminal charges against four men, ages 35-39, over the theft. The golden toilet was fully functioning, and prior to the theft, visitors to the exhibition could book a three-minute appointment to use it.

Persons: Winston Churchill, Maurizio Cattelan, ”, Will, Matthew Barber Organizations: Crown Prosecution Service, Police, UNESCO, Guggenheim Museum, Thames Valley Police, BBC, Oxford, ’ Locations: Blenheim, Oxford, New York

☆ This is 'the end of the beginning' of the battle against inflation, economist says
▼ + stars: | 2023-07-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Drew Angerer | Getty Images News | Getty ImagesCentral banks are at "the end of the beginning" in their battle against inflation, as several factors keep core prices persistently high, according to top Societe Generale economist Kokou Agbo-Bloua. U.S. inflation cooled in May to an annual 4%, its lowest annual rate in more than two years, but core inflation rose by 0.4% month-on-month and 5.3% year-on-year. In assessing the current state of global policymakers' efforts to tame inflation, Agbo-Bloua quoted former British Prime Minister Winston Churchill's remarks in a 1942 speech: "Now this is not the end. It is not even the beginning of the end. He suggested that this has helped to keep the labor market resilient, which will likely extend this lag time.

Persons: Jerome Powell, Drew Angerer, Kokou Agbo, Bloua, Winston Churchill's, we're Organizations: Federal Reserve, Federal, Market, Getty, Societe Generale, British, CNBC Locations: Washington ,, Ukraine, Agbo

☆ Days after he was criticized for copying Trump's speech, Ron DeSantis rolled up to an Iowa campaign event with a speech uncannily similar to the one Winston Churchill gave during World War II
▼ + stars: | 2023-06-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Ron DeSantis' presidential campaign speech in Iowa sounded uncannily similar to Winston Churchill's. The syntax of his speech was similar to that of Churchill's iconic World War II speech. Ron DeSantis' channeled former British Prime Minister Winston Churchill at an Iowa campaign even this weekend, invoking Churchill's famous World War II speech to tout his own position on "woke" ideology. We will fight the woke in education, we will fight the woke in the corporations, we will fight the woke in the halls of Congress." However, Trump himself has invoked the same Churchill speech.

Persons: Ron DeSantis, Winston Churchill's, DeSantis, Donald Trump's, —, Winston Churchill, Churchill, Richard Stengel, Barack Obama's, Nazism, Donald Trump, Trump, we'll Organizations: Service, Gov, British, Barack, Twitter, Facebook Locations: Iowa, Dunkirk, France

☆ Inside Canada's polar bear 'jail' where bears go without food and are kept behind bars — but it's not what you might think
▼ + stars: | 2023-05-13 | by ( Crystal Raypole | ) www.businessinsider.com time to read: +10 min

The town's Polar Bear Holding Facility, aka "jail", helps bears and humans live harmoniously. It's the only town in the world where people and polar bears live in close proximity — and the only town that has a polar bear "jail", aka the Polar Bear Holding Facility. Humans generally don't make up part of a polar bear's diet, but a starving bear won't be picky. Its second main goal is protecting polar bears, currently classified as a vulnerable species. What to do if you encounter a polar bearA polar bear on one of the last shards of ice in Hudson Bay.

Jan 11 (Reuters) - Lucid Group Inc (LCID.O) on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company that helped take it public, by significantly overstating its production outlook. Rogers said the Churchill shareholders had standing to sue over statements made by a different company, Lucid, because they alleged a "discernible" loss from "specific alleged misconduct." In Dec. 2021, Lucid received a U.S. Securities and Exchange Commission subpoena for documents related to the merger. Lawyers for Churchill shareholders did not immediately respond to requests for comment. The case is In re CCIV/Lucid Motors Securities Litigation, U.S. District Court, Northern District of California, No.

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