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☆ Bain Capital to buy consulting firm Guidehouse in $5.3 bln deal
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/FIle photo Acquire Licensing RightsNov 6 (Reuters) - Private equity firm Bain Capital will acquire government and business consulting firm Guidehouse in a deal valued at $5.3 billion, the companies said on Monday. Bain Capital declined to comment on specific terms of the Guidehouse deal, when contacted by Reuters. Guidehouse has been owned by Veritas Capital since 2018, when the PE firm acquired Big Four firm PwC's U.S. public sector business and rebranded it as Guidehouse. It also agreed to acquire 90% of India's Adani Capital and Adani Housing, buying out all of the Adani family's private investments in the company.

Persons: Kim Kyung, Guidehouse, Grant, Pritam Biswas, Devika Nair, Savio D'Souza, Shailesh Organizations: Bain Capital, REUTERS, U.S . Department of Defense, Homeland Security, Reuters, Veritas Capital, Big, Macquarie, Dovel Technologies, Chindata, Adani, Thomson Locations: Tokyo, Japan, United States, Bengaluru

☆ We've seen the peak in interest rates, says Avenue Capital's Marc Lasry
▼ + stars: | 2023-11-06 | 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 EmailWe've seen the peak in interest rates, says Avenue Capital's Marc LasryAvenue Capital CEO Marc Lasry joins 'Closing Bell' to discuss the state of the economy.

Persons: Marc Lasry Locations: Lasry

☆ The risks of the recession have been pushed off, not canceled: iCapital's Anastasia Amoroso
▼ + stars: | 2023-11-06 | 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 risks of the recession have been pushed off, not canceled: iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, and Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group, join 'Closing Bell' to discuss their market setup heading into year-end.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso, Nicole Webb

☆ Watch CNBC's full interview with iCapital's Anastasia Amoroso and Wealth Enhancement's Nicole Webb
▼ + stars: | 2023-11-06 | 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 EmailWatch CNBC's full interview with iCapital's Anastasia Amoroso and Wealth Enhancement's Nicole WebbAnastasia Amoroso, iCapital chief investment strategist, and Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group, join 'Closing Bell' to discuss their market setup heading into year-end.

Persons: iCapital's Anastasia Amoroso, Enhancement's Nicole Webb Anastasia Amoroso, Nicole Webb

☆ We don't know whether the rally will lead to a sustained upswing: Short Hills Capital's Steve Weiss
▼ + stars: | 2023-11-06 | 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 EmailWe don't know whether the rally will lead to a sustained upswing: Short Hills Capital's Steve WeissBryn Talkington, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss the overbought state of the stock market, whether the rally can continue, and more.

Persons: Steve Weiss Bryn Talkington, Joe Terranova, Steve Weiss

☆ I think Apple and Google are 'quite vulnerable', says Bedrock Capital's Geoff Lewis
▼ + stars: | 2023-11-06 | 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 EmailI think Apple and Google are 'quite vulnerable', says Bedrock Capital's Geoff LewisGeoff Lewis, Bedrock Capital founder, joins 'Squawk Box' to discuss the latest market trends, the tech sector at large, the potential of Elon Musk's xAI 'Grok' chatbot, and more.

Persons: Geoff Lewis Geoff Lewis, Elon Musk's Organizations: Google, Bedrock Capital

☆ A financially independent real-estate investor shares his top book recommendation — and the success principle embedded in it that he lives by
▼ + stars: | 2023-11-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

A real-estate finance class he took during his senior year of college introduced him to the business side of real estate. Before, his definition of real estate was essentially, "the house that you live in," he told Insider. He subscribes to the " Real Estate Addicts " podcast hosted by two Boston-based investors, Ray Hurteau and Dan Rubin. As for his top book recommendation, it's " Sell It Like Serhant ," by real-estate broker, investor, and "Million Dollar Listing" star Ryan Serhant. In the book, Serhant describes this principle of having the most balls in the air as "a secret that gave me a huge advantage."

Persons: Ricky Beliveau, Beliveau, —, Ray Hurteau, Dan Rubin, it's, Ryan Serhant, Serhant, you've, He's, I'd Organizations: Northeastern University, Volnay Locations: Boston, Volnay Capital

☆ Companies are spending on tech to make the workforce more productive, says Bokeh Capital's Forrest
▼ + stars: | 2023-11-03 | 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 EmailCompanies are spending on tech to make the workforce more productive, says Bokeh Capital's ForrestKim Forrest, Bokeh Capital Partners CIO, joins 'The Exchange' to discuss how companies are making the labor force more productive, her tech picks to watch, and more.

Persons: Bokeh Capital's Forrest Kim Forrest Organizations: Companies, Bokeh Capital Partners

☆ Air pollution in India's New Delhi turns 'severe,' some schools shut
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: +1 min

Heavy smog seen engulfed amid rise in pollution levels at Barakhamba on Nov. 2, 2023 in New Delhi, India. People in New Delhi woke up to a thick layer of toxic haze on Friday, and some schools were ordered to be shut for two days as the air quality index (AQI) entered the "severe" category in several parts of the Indian capital. A filthy smog forms over Delhi every winter as cold, heavy air traps construction dust, vehicle emissions and smoke from crop stubble burning in neighboring states, causing a surge in respiratory illnesses among the city's 20 million people. New Delhi topped a real-time list on Friday of the world's most polluted cities compiled by Swiss group IQAir which put the India's capital's AQI at 611 in the 'hazardous' category. "Unfavorable meteorological conditions, sudden increase in the farm fire incidents and north-westerly winds moving the pollutants to Delhi are the major causes for sudden spike in AQI," the region's Commission for Air Quality Management said on Thursday.

Organizations: Residents, region's Commission, Air Quality Management Locations: New Delhi, India, Delhi, Swiss

NEW DELHI, Nov 3 (Reuters) - India's capital New Delhi was wrapped in a thick layer of toxic haze on Friday and some schools were ordered closed as the air quality index (AQI) plummeted to the "severe" category. In India, the annual average concentration of particulate matter 2.5 (PM2.5) in the air is the highest in northern regions. Officials said they saw no immediate improvement in the air quality. Delhi hosts a World Cup match on Monday between Bangladesh and Sri Lanka. Poor air quality also caused respiratory problems, irritation in the eyes and restlessness in pet animals.

Persons: Aheed Khan, Ashwani Kumar, Prabhat Gangwar, Tanvi Mehta, Rajesh, Blassy Boben, Manoj Kumar, Raju Gopalakrishnan, Mark Heinrich Our Organizations: joggers, Residents, Officials, Control Committee, Farmers, Health, Friendicoes, Thomson Locations: DELHI, New Delhi, Swiss, Pakistani, Lahore, Delhi, India, Punjab, Haryana, Uttar Pradesh, Mumbai, Bangladesh, Sri Lanka

Global fundraising for alternative investments, which include private equity, dropped 21% to $972 billion in the year to Nov. 1 from the same period a year earlier, according to research firm Preqin. As their money becomes more vital, Gulf funds are encouraging private equity firms to invest locally in plans for a post-oil future. "Building a partnership based on reciprocity is nowadays necessary to succeed in the Gulf," said Francois Aissa-Touazi, co-global head of investor relations at private equity fund Ardian. Private equity funds are getting the message. In turn private equity funds can use these pools of capital to fund large private debt or equity transactions, according to Tikehau Capital's Deputy CEO, Frédéric Giovansili.

Persons: Amr Alfiky, Francois Aissa, Ardian, Touazi, Brookfield, Bruce Flatt, thronged, Flatt, Mohammed Al Jadaan, Anthony Diamandakis, Rishi Kapoor, Investcorp, Tikehau, Frédéric Organizations: United, United Arab Emirates, REUTERS, Rights, Global, Investment Initiative, Public Investment Fund, Brookfield, Tikehau, CVC, Reuters, Thomson Locations: Abu Dhabi, United Arab, Rights RIYADH, LONDON, Davos, Saudi, Saudi Arabia, Riyadh, Dubai, Brookfield, Bahrain

☆ Fed meeting will have a positive effect on tech stocks who missed rally, says EMJ Capital's Jackson
▼ + stars: | 2023-11-02 | 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 EmailFed meeting will have a positive effect on tech stocks who missed rally, says EMJ Capital's JacksonEric Jackson, EMJ Capital founder and president, joins 'Squawk on the Street' to discuss his investment thesis for tech and media stocks, what investment factors stick out most for Jackson, and if stocks need to be profitable to be investable.

Persons: EMJ Capital's Jackson Eric Jackson, Jackson Organizations: EMJ Capital

☆ Air pollution sparks alarm, dims World Cup cheer in India
▼ + stars: | 2023-11-02 | by ( Blassy Boben | ) www.reuters.com time to read: +2 min

An aerial view shows residential buildings and a stadium shrouded in smog in New Delhi, India, October 27, 2023. Air Quality Index (AQI) stood at 415 on a scale of 500 in the capital's Anand Vihar area on Thursday, indicating "severe" levels of pollution that can affect healthy people and those with existing ailments. The dip in air quality in the region during the winter months is often accompanied by a spike in respiratory illnesses, spurring school and factory closings. The worsening air quality has cast a shadow over the cricket World Cup as fans flock to stadiums across Indian cities. Players have expressed concern about the toxic air, with England's Joe Root complaining of breathing difficulties during a game and India's Rohit Sharma urging change for "future generations".

Persons: Altaf Hussain, Anand, Joe Root, India's Rohit Sharma, Gerry Doyle Organizations: REUTERS, BCCI, Thomson Locations: New Delhi, India, DELHI, Delhi, Anand Vihar, Pakistan's Lahore, Swiss, India's Mumbai, AQI, Mumbai, Sri Lanka

☆ Congested Bogota Secures $415 Million IDB Credit for Second Metro Line
▼ + stars: | 2023-11-01 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BOGOTA (Reuters) - The board of directors of the Inter-American Development Bank (IDB) on Wednesday approved a $415 million credit line, with an initial disbursement of $50 million, to finance Bogota's second metro line, the Colombian capital's mayor said. The underground Line 2 will connect to the city's west, said Mayor Claudia Lopez, who finishes her term this year after overseeing initial construction on Bogota's long-awaited first metro line. At a price tag of 34.9 trillion Colombian pesos ($8.5 billion), Line 2 is expected to benefit nearly 2.5 million inhabitants and stretch 15.5 kilometers (9.63 miles) connecting 11 stations. Line 1, currently being constructed by Chinese companies Harbor Engineering Company and Xi'an Metro Co., extends 23.9 kilometers overground - despite opposition by President Gustavo Petro, who wanted part of the line to be constructed underground. The metro is considered critical to reducing the chaotic traffic in the capital of more than eight million residents and will complement the existing TransMilenio bus system.

Persons: Claudia Lopez, Lopez, Gustavo Petro, Luis Jaime Acosta, Sandra Maler Organizations: Inter, American Development Bank, Colombian capital's, European Investment Bank, Development Bank of Latin America, Harbor Engineering Company, Xi'an Metro Co Locations: BOGOTA, Colombian, Bogota, Xi'an

☆ China to cremate 'outstanding' leader Li Keqiang on Thursday
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Newspapers with the obituary of late former Chinese Premier Li Keqiang on the front page are displayed, at a newsstand in Beijing, China October 28, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Oct 31 (Reuters) - China will cremate the remains of former Premier Li Keqiang on Thursday, when flags will fly at half mast across the country in mourning for an "outstanding" leader, the official Xinhua news agency reported. Li, a former economist and pro-reform leader who served as the premier for 10 years before retiring in March, died of a heart attack on Friday. Li's death was a huge loss to the Communist Party and the nation, according to an official obituary posted by Xinhua last week. But Li, once viewed as a Communist Party leadership contender, was sidelined in recent years, analysts and diplomats said, as President Xi Jinping tightened his grip on economic policymaking.

Persons: Li Keqiang, Tingshu Wang, Li, Xi Jinping, Ryan Woo, Ethan Wang, Robert Birsel Organizations: REUTERS, Rights, Xinhua, CPC, Party, Chinese Communist Party, of, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai

☆ EV sales for automakers will be sluggish in the near term, says RBC Capital's Tom Narayan
▼ + stars: | 2023-10-30 | 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 EmailEV sales for automakers will be sluggish in the near term, says RBC Capital's Tom NarayanTom Narayan, RBC Capital global auto analyst, joins 'Power Lunch' to discuss the impact of the UAW's tentative deal on automakers.

Persons: Tom Narayan Tom Narayan Organizations: RBC, RBC Capital

☆ Stock futures are little changed after major averages rebound to start the week: Live updates
▼ + stars: | 2023-10-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat Monday night after the major averages climbed in a relief rally. S&P 500 futures ticked down by 0.04%, and Nasdaq 100 futures inched lower by 0.06%. During Monday's trading session, the S&P 500 managed to climb out of correction territory and close 1.2% higher for its best day since late August. The Nasdaq Composite added about 1.2%, while the Dow jumped roughly 1.6% in its best day since early June. The Dow and the S&P 500 are down 1.7% and 2.8% in October, respectively, in their third consecutive negative month.

Persons: Dow, Anastasia Amoroso, Amoroso, Powell Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Traders, Caterpillar, Pfizer, Caesars Entertainment, Devices, Tech, Apple

☆ FOMC meeting could be a 'bullish development' for the markets, says iCapital's Anastasia Amoroso
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFOMC meeting could be a 'bullish development' for the markets, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, and Sameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso, Sameer Samana Organizations: Wells Fargo Investment Institute Locations: Wells Fargo

☆ Watch CNBC's full interview with Hayman Capital's Kyle Bass
▼ + stars: | 2023-10-30 | 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 EmailWatch CNBC's full interview with Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'The Exchange' to discuss the impact of inflation on wages, stocks vs. bonds, and more.

Persons: Hayman Capital's Kyle Bass Kyle Bass Organizations: Hayman Capital Management

The special purpose acquisition company (SPAC) unveiled plans earlier this year to combine with London Innovation Underwriters and raise additional funds to deploy in the Lloyd's of London insurance market. The deal by Financials Acquisition Corp differs from a typical SPAC merger because the company has set up London Innovation Underwriters itself. It is not the first time that public market investors in London have backed a new insurance venture. In 2020, Conduit Holdings (CRE.L) listed on the London Stock Exchange, subsequently starting reinsurance activities. UBS and HSBC are joint global coordinators to the Financials Acquisition deal.

Persons: Britain's King Charles, Sarah Meyssonnier, William Allen, Lloyd's, Beazley, Carolyn Cohn, Pablo Mayo Cerqueiro, Anousha Organizations: City of, REUTERS, Financials, London Innovation Underwriters, Lloyds, Innovation Underwriters, Conduit Holdings, London Stock Exchange, UBS, HSBC, Thomson Locations: City, City of London, Britain, London, Lancashire, Lloyd's

☆ Here's why Hayman Capital's Kyle Bass favors bonds over stocks
▼ + stars: | 2023-10-30 | 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 EmailHere's why Hayman Capital's Kyle Bass favors bonds over stocksKyle Bass, Hayman Capital Management founder and CIO, joins 'The Exchange' to discuss the impact of inflation on wages, stocks vs. bonds, and more.

Persons: Hayman Capital's Kyle Bass, Kyle Bass Organizations: Hayman Capital Management

[1/3] People walk through a CCTV (closed-circuit television system) monitored alley in Itaewon, where the Halloween crowd crush occurred last year, in Seoul, South Korea, October 23, 2023. REUTERS/Kim Soo-hyeon/File Photo Acquire Licensing RightsSEOUL, Oct 28 (Reuters) - A year after 159 Halloween revellers were killed in a crowd crush in South Korea, the capital's night-life district of Itaewon was quiet on Saturday, the area's usual festivities replaced by mourning for those died. Lee Sung-min, who has lived and worked in the Seoul district for years, said he did not even realise it was the Halloween weekend until early Saturday. Many people were still looking for other places to join Halloween festivities, such as Hongdae, another popular spot among the young. "I thought Hongdae would be better than Itaewon to celebrate Halloween with my boyfriend," said Cheon Ye-ji, a 19-year-old student.

Persons: Kim Soo, Lee Sung, Lee, I've, Lee Jung, Cheon, Daewoung Kim, Jimin Jung, Soo, Choi, Helen Popper Our Organizations: REUTERS, Rights, Thomson Locations: Itaewon, Seoul, South Korea, Rights SEOUL

☆ The odds for Apple favor a decline, says Short Hills Capital's Steve Weiss
▼ + stars: | 2023-10-27 | 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 odds for Apple favor a decline, says Short Hills Capital's Steve WeissBryn Talkington, Steve Weiss, Jenny Harrington, and Kevin Simpson join 'Halftime Report' to discuss Amazon as its shares surged following its earnings beat, what this means for the market going forward, and more.

Persons: Steve Weiss Bryn Talkington, Steve Weiss, Jenny Harrington, Kevin Simpson Organizations: Apple

☆ All signs seem to be pointing toward a recession, says MAI Capital's Chris Grisanti
▼ + stars: | 2023-10-25 | 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 EmailAll signs seem to be pointing toward a recession, says MAI Capital's Chris GrisantiChris Grisanti, Mai Capital Management chief equity strategist, joins 'The Exchange' to discuss the current market environment, his bullish call on Verizon, and more.

Persons: Chris Grisanti Chris Grisanti Organizations: Mai Capital Management, Verizon

☆ Nvidia earnings report will be strong, says Odyssey Capital's Jason Snipe
▼ + stars: | 2023-10-25 | 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 EmailNvidia earnings report will be strong, says Odyssey Capital's Jason SnipeJason Snipe, chief investment officer at Odyssey Capital Advisors, joins 'Halftime Report' to discuss Alphabet's declining shares, Microsoft's earnings beat, and more.

Persons: Jason Snipe Jason Snipe Organizations: Odyssey Capital Advisors

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