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☆ Trump's victory shows the flagging influence of mainstream media
▼ + stars: | 2024-11-06 | by ( Lindsay Dodgson | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The 2024 election may have shown the mainstream media is losing its grip on political commentary. AdvertisementThe campaigns in this year's presidential election have shone a light on the waning influence of mainstream media. AdvertisementWhile mainstream media outlets are establishing growing audiences on apps like TikTok, young people still tend to get their news from influencers and non-legacy media accounts. Doug Eldridge, founder of Achilles PR agency, told BI that legacy media outlets will use the election to reassess their next steps. "Much like the dinosaurs, the legacy media will either adapt or become extinct."

Persons: —, Brett Spencer, Harris, Trump familiarized, Joe Rogan's, Paul Reilly, Rogan, Trump, Elon Musk, Alex Cooper's, Kamala, Brandon Harris, Edison, There's, Jessica Coen, Jess Rauchberg, Doug Eldridge, Achilles, Eldridge Organizations: Service, City St, University of London, Trump, Newsweek, University of Glasgow, X, Journalism, Creative Media, University of Alabama, Pew Research Center, News Locations: City, City St George's, TikTok

☆ What mattered more to Trump: Musk's money, or Musk's platform?
▼ + stars: | 2024-11-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk's Twitter purchase has been a financial disaster. But if Twitter helped elect Trump, and Trump rewards Musk for that, does that matter? We don't know what role Twitter — and Musk's money — played in Trump's election. 🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸 pic.twitter.com/x56cqb6oT5 — Elon Musk (@elonmusk) November 6, 2024So, was that $44 billion well-spent, after all? AdvertisementThe truth is we won't know for some time — possibly forever — how much Musk's Trump support mattered.

Persons: Elon, Trump, Twitter, —, Elon Musk, Donald Trump, rena, ould, emin, ories, ou this, aga, Amer, tim e Organizations: Twitter, Trump, Service, Elon, YouTube Locations: Trump's

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

☆ Americans are probably getting another interest rate cut 2 days after the election
▼ + stars: | 2024-11-06 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Wednesday afternoon. "Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. AdvertisementWhat are your financial plans if the Fed makes another rate cut?

Persons: —, Donald Trump, Trump, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ A veteran bond operator shares an alpha-generating strategy for dropping yields and muted stock-market returns
▼ + stars: | 2024-11-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Credit markets face challenges, but opportunities exist in corporate bonds and cheap optionality. But when times are tight, companies deleverage until their debt is less than their cash flow. The yields in corporate bonds aren't much higher than in government bonds, meaning less compensation for more risk. Advertisement"This trade works if natural gas prices remain stable or rise, leading the energy bond to outperform the overall corporate bond market," Rieder said. "It's an excellent opportunity to capitalize on the current tight credit spread conditions and complacency in the overall credit market."

Persons: —, Goldman Sachs, David Kostin, Mark Rieder, Rieder, I've Organizations: Service, Fed, Treasury, Bloomberg, Business

☆ True crime shows 'Baby Reindeer' and 'Until I Kill You' share a strange real-life connection
▼ + stars: | 2024-11-06 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

"Until I Kill You" shares a link with Netflix's "Baby Reindeer:" they both involve the same London pub. AdvertisementTrue crime dramas "Until I Kill You" and the Netflix megahit "Baby Reindeer" share a surprising connection: they both involve the same London pub. Related Video Expert sword master rates Henry Cavill's sword-fighting skills in 'The Witcher' for realismShe said: "It was a bank holiday Monday, I went to the Hawley Arms pub. The Hawley Arms is also the pub where "Baby Reindeer" creator Richard Gadd met Fiona Harvey, the woman the show's stalking character is based on, for the first time. In February 2008, a fire broke out in Camden Market which spread and damaged the Hawley Arms.

Persons: Delia Balmer, John Sweeney, —, Anna Maxwell Martin, Shaun Evans, Balmer, Sweeney, Melissa Halstead, Paula Fields, Henry Cavill's, Hawley, Richard Gadd, Fiona Harvey, Gadd, Harvey, Donny Dunn, Martha Scott, Jessica Gunning, Neil Mockford, Amy Winehouse, Craig Seymour, Craig, babydoll, Amy, Liam Gallagher, Pete Doherty, Noel Fielding, Razorlight Organizations: Service, Netflix, ITV, Oasis Locations: British, London, Hawley, Camden

☆ JPMorgan execs call for unity in a memo to staff on Trump's victory
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.

Persons: Jamie Dimon, Donald Trump, Dimon, —, Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan

Detailed below is how a second Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Further, if Trump's presidency is inflationary and leads to interest-rate hikes, that would hit housing affordability in the form of higher mortgage rates, which track the Federal Reserve's benchmark. AdvertisementThe former president has also said he plans to extend his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans.

Persons: Donald Trump, —, Trump's, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White

☆ 4 major wins for YIMBYs on election night — and one loss
▼ + stars: | 2024-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.

Persons: —, Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey

☆ I'm a college student who pays nearly $1,000 in annual fees for 4 credit cards. It's worth it for good credit and travel perks.
▼ + stars: | 2024-11-06 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +7 min

She got her first credit card as a freshman to build up her credit score and kept a strict budget. Griffin now uses her AmEx cards to earn points for travel costs and flew to Japan for free. I'd marked all the due dates in my calendar, and I was never late for a credit card payment. AdvertisementIn addition to all the benefits I've received when traveling, my credit cards helped me raise my credit score to 755. I never stop learning about financeI think college students should consider getting a student credit card with no fee.

Persons: Skylar Griffin, Griffin, —, I'd, I've, I'm, Amex isn't Organizations: Service, Columbus State University, Bank of America, Marriott, Hilton, Hertz, Rentals, Business, of America Locations: Japan, Georgia, New York, Bahamas, Japan , New York, Miami

☆ Mark Zuckerberg played it safe with Donald Trump this election. That strategy worked.
▼ + stars: | 2024-11-06 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg played it safe this election — deemphasizing politics on Meta's platforms. In the elections of 2016 and 2020, Facebook came under intense scrutiny. In 2024, Zuckerberg and Meta played it safe by trying to stay as far away from the election as possible. It was part of the rhetoric from Trump grumbling about the 2020 election outcome. After the assassination attempt on Trump in July, Zuckerberg referred to Trump as looking "badass."

Persons: Mark Zuckerberg, Donald Trump, Zuckerberg, that's, —, Meta, there's, Zuckerberg's, Elon Musk, Trump, he's, — Zuckerberg, Jeff Bezos Organizations: Meta, Big Tech, Service, Facebook, Cambridge, Trump, Trump grumbling

Business leaders have been reacting to Donald Trump's presidential election victory. Silicon Valley was politically divided in the run-up to the election. Throughout the campaign, Silicon Valley has been divided on which candidate to back. Although Silicon Valley has historically leaned left, some of tech's biggest names, including Tesla CEO Elon Musk and venture capitalist David Sacks, tilted right this election season. Here is what some of the wealthiest and most influential business figures have to say about the election outcome.

Persons: Donald Trump's, —, Elon Musk, David Sacks, Harris, VCs, Trump, Joe Biden's Organizations: Service, Fox News, CNN, Trump, Electoral, Tesla, Labor Locations: Silicon, Ukraine

☆ Trump did well in deep-blue states, a sign of his broadening appeal
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

But he's also expected to win the popular vote, and he did unusually well in deep-blue states. Across several of those states, Trump exceeded his own previous performance in 2020 — in other words, Harris fared worse than President Joe Biden. Here's how Harris is doing compared to Biden in 2020, according to unofficial results from the Associated Press:Illinois — Harris leads Trump by more than 8 points. In 2020, Trump won Texas by just 5.6 points. According to exit polling, Trump won 45% of the Hispanic and Latino vote, including 54% of Hispanic and Latino men.

Persons: he's, —, Donald Trump's, Kamala Harris, Trump, Harris, Joe Biden, Here's, Biden, Associated Press : Illinois — Harris, . New Jersey — Harris, . New York — Harris, Connecticut — Harris, Maryland — Harris Organizations: Service, Republican, Wednesday, Associated Press : Illinois, Biden, Trump, Maryland, Texas, Miami, NBC, CNN, CBS, ABC, Democratic Locations: . New Jersey, . New York, Connecticut, California, Florida, Dade County

☆ I skip Napa Valley and head to Paso Robles instead. It's California's best-kept secret for wine lovers.
▼ + stars: | 2024-11-06 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +7 min

Paso Robles also has more affordable and unique tastings compared to Napa Valley. I've visited Napa over 20 times, but over the past few years, Paso Robles has stolen my heart. AdvertisementAdding to that diversity is the low barrier to entry in the Paso Robles wine industry. Where you can wine and dineAnother reason I keep going back to Paso Robles is the fantastic restaurant scene. The wine-making world is slowly starting to learn about Paso Robles, but the town itself remains a hidden gem.

Persons: Paso Robles, —, You'll, Justin, JUSTIN, I've, Andrew Jones, Neeta Mittal, that's, Mittal, Kunal, Jones, Anneta, there's, Bolognese, Robles Organizations: Service, Recordings, Field, Michelin Locations: California, Napa Valley, Napa, Paso, Paso Robles, Bay Area, Angeles, San Francisco, Tin, Tin City, Silicon Valley, There's

☆ 5 warm drinks bartenders would never order at a bar — and what they'd get instead
▼ + stars: | 2024-11-06 | by ( Alyssa Towns Swantkoski | ) www.businessinsider.com time to read: +1 min

Business Insider asked bartenders which hot drinks people should skip this season. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. There are already enough ways to waste money in the holiday season, so Business Insider asked bartenders, sommeliers, and bar leads which hot drinks they'd never order — and what to get instead.

Persons: —, It's, bartenders Organizations: Service, Business

☆ I quit my corporate job and moved to Europe to become a freelance copywriter. It's been challenging, but I'm glad I stuck it out.
▼ + stars: | 2024-11-06 | by ( Dalia Goldberg | ) www.businessinsider.com time to read: +7 min

After graduating from college, Dalia Goldberg found a job working in marketing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A freelancer had written the article using the knowledge they'd gained from living in Spain and running a travel blog. While I worked with freelance writers every day as part of my job, I had no idea what it was like to actually be one. AdvertisementIf you're planning a move abroad or a big life change, there are going to be moments when you want to quit.

Persons: Dalia Goldberg, —, I'd, I've, Canada I'd, It's, it's, you'll Organizations: Service Locations: Berlin, Spain, Canada, Málaga, Germany, Europe, Greece, Istanbul, Budapest, Bucharest

☆ The best writing we're finding around the web on why Trump won, Harris lost, and what it all means
▼ + stars: | 2024-11-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Experts have been weighing in on why Donald Trump won the US election. AdvertisementThere's been an avalanche of analysis following Donald Trump's victory in the US presidential election on Wednesday, as experts sought to explain how the former president won a second term. They've offered a variety of reasons, ranging from a populist revolt against the elites to Vice President Kamala Harris' shortcomings as the Democratic candidate. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy post from late October titled "24 reasons that Trump won." AdvertisementNate Silver offered up 24 reasons why Donald Trump won.

Persons: Donald Trump, —, There's, Donald Trump's, They've, Kamala Harris, Steve Hanke, Johns Hopkins University Hanke, Ronald Reagan, Reagan, Steve Hanke Nate Cohn, Trump, Tina Fordham, Nate Silver, FiveThirtyEight, Harris, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Eric Corellessa, Musk Organizations: Service, Democratic, Johns Hopkins University, The New York Times, Silver, Trump, America, AP Locations: Washington, New York City, San Francisco, Israel, California

☆ Elon Musk says his super PAC won't go away after the 2024 election
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."

Persons: Elon Musk, Musk, he's, George Soros, —, It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey

☆ What Steve Kornacki is watching for tonight: From the Politics Desk
▼ + stars: | 2024-11-05 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

Welcome to an Election Day edition of From the Politics Desk, where we’ll get you set up with everything you need before the results start coming in tonight. Nash County, North Carolina: The county voted for Barack Obama in 2012, Trump in 2016, and Joe Biden in 2020. 🗞️ Today’s top stories 🕛 Final countdown: Harris and Trump made their closing pitches at battleground state rallies on Monday night. Read more → 🔎 Disinfo watch: Election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins. Read more →Election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins.

Persons: we’ll, We’ll, Steve Kornacki, Henry, Kamala Harris, Donald Trump’s, Barack Obama, Joe Biden, Hillary Clinton, White, 🗳️, olli, Elon, Harris Organizations: NBC, Trump, Biden, Lackawanna Locations: East Coast, Fayette County , Georgia, Georgia, Atlanta, Fulton , DeKalb, Clayton, Douglas, Cobb, Gwinnett, Rockdale, Newton, Fayette County, Fulton, Peachtree City, Nash County , North Carolina, Raleigh, Nash, Lackawanna County , Pennsylvania, Scranton

Harris and Trump project confidence headed into Election Day. The battle between Harris and Trump comes to a headLeila Register / NBC News; Getty ImagesElection Day has arrived. Mark Duncan / AP fileOrganizers of the embryonic Women’s Professional Baseball League hope to have six teams in caps and cleats by the summer of 2026. But league officials have one big question to answer that’s not entirely clear: Where do they find these female players? However, league officials are confident they can put a good product on the field in a few years.

Persons: Harris, Rafael, Trump, Leila, Kamala Harris, Donald Trump, Joe Biden, ” She’ll, ”, he’ll, Harris ’, Boeing machinists, Kelly Ortberg, ’, Rafael churns, Read, Justine Siegal, Mark Duncan, That’s, — David K, Li, Alo Yoga, Elizabeth Robinson Organizations: Trump, U.S, NBC, Getty, Democratic, Philadelphia Museum of Art, Howard University, Washington , D.C, Convention, Biden, Boeing, Workers, DHL, National Hurricane Center, MLB, University of Florida, University of Georgia, Professional Baseball League Locations: Canada, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Washington ,, North Carolina, Grand Rapids , Michigan, Beach, New Hampshire, Russia, Germany, United Kingdom, North America, Florida, Jamaica, Cayman Islands, Cuba

☆ 10 foods I miss the most after moving from the US to the UK
▼ + stars: | 2024-11-05 | by ( Sophia Mitrokostas | ) www.businessinsider.com time to read: +1 min

I moved from the US to Scotland, and one thing I miss from back home is the food. There aren't as many boxed mac and cheeses or Oreos to choose from in the UK. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here are a few dishes, snacks, and grocery items that I've really missed since moving to Scotland.

Persons: aren't, —, I've Organizations: Service Locations: Scotland, East Coast

☆ Parts supplier cuts thousands of jobs as Germany's auto woes deepen
▼ + stars: | 2024-11-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Thousands more jobs are under threat in Germany's beleaguered automotive industry. Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time. AdvertisementGermany's auto industry is under intense pressure — and now thousands of jobs will go at a key company in the supply chain. Auto parts supplier Schaeffler said on Tuesday it would cut about 4,700 jobs across Europe and close two of its 10 locations in Germany.

Persons: Schaeffler, —, Klaus Rosenfeld, Schaeffler's, Mercedes, BYD Organizations: Service, VW, BMW, Mercedes, Benz, Volkswagen, EV, EVs Locations: Germany, Europe, Frankfurt, Europe's, China, Hungary, Turkey

☆ US embassies are holding off on election watch-night parties, fearing they could get awkward
▼ + stars: | 2024-11-05 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Some US embassies in Europe are skipping traditional election-night viewing parties. Similarly, Politico spoke to then-Ambassador Anthony Gardner, who hosted a 2016 viewing party at the US Embassy in Brussels. A senior diplomat in Europe, who was not named, told Politico that the 2016 embassy events had been "calamitous." There's another, more practical reason some embassies may be forgoing a traditional viewing party. AdvertisementSimply put, the outcome may not be clear on election night — it could drag on for days or possibly weeks.

Persons: —, Kamala Harris, Donald Trump, Samantha Power, Madeleine Albright, Gloria Steinem, Hillary Clinton, Anthony Gardner, Trump, There's Organizations: Service, Politico, United Nations, UN, HBO, Trump, White Locations: Europe, London, Paris, Brussels, Berlin, Rome

☆ The most accurate forecasts of 2024: Seeking nominations for Business Insider's Oracles of Wall Street list
▼ + stars: | 2024-11-05 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Business Insider is seeking nominations for its 2024 Oracles of Wall Street list. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! Did you or someone you know on Wall Street predict these and other significant developments in 2024? Business Insider is seeking nominations for its 2024 Oracles of Wall Street list, which highlights the top forecasters among economists, strategists, and analysts this year.

Persons: —, Donald Trump, William Edwards Organizations: Service, Federal Reserve, Nvidia Locations: wedwards

☆ Why your nest egg is Apollo's 'single biggest opportunity' for growth
▼ + stars: | 2024-11-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Helping fund that growth has been growing demand for retirement products, said CEO Marc Rowan. Here's Rowan's case for why your nest egg is the next frontier for the alternative asset manager. Helping to fund those loans is Apollo's retirement business, which Apollo CEO and cofounder Marc Rowan sees as the investment firm's "single biggest opportunity" for future growth. A slide from Apollo's earnings presentation that highlights inflows into Apollo's lines of business. Advertisement"I do envision a day when we will be talking about 60-40 portfolios that are comprised of public and private," Rowan said.

Persons: Marc Rowan, Here's, —, There's, Rowan, Athene, Apollo Rowan, unravels ChatGPT, Trump, Rowan hasn't Organizations: Apollo Global Management, Service, Apollo Global, North Star

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