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☆ Aurora Innovation plans $600 mln private placement, shares fall
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

Companies Aurora Innovation Inc FollowJuly 18 (Reuters) - Self-driving technology firm Aurora Innovation (AUR.O) said on Tuesday it plans to sell $600 million worth of class A common stock in a private placement, sending the company's shares down more than 10% in after-market trading. The company also commenced an underwritten public offering of up to $200 million of its Class A common stock. Aurora said in a regulatory filing it expects to report that it had $785 million of cash, cash equivalents and short-term investments, exclusive of restricted cash, as of June 30. Aurora on Tuesday forecast quarterly cash use of $175 million to $185 million, on average, from the third quarter of 2023 through its planned commercial launch. The company plans to launch its self-driving Aurora Driver platform at the end of 2024.

Persons: Aurora, Savyata Mishra Organizations: Aurora Innovation, Aurora, Thomson Locations: Bengaluru

☆ 'Feel good factor' of travel encourages purchase of luxury goods, investment director says
▼ + stars: | 2023-07-17 | 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 Email'Feel good factor' of travel encourages purchase of luxury goods, investment director saysSwetha Ramachandran, investment director for luxury equities at GAM Investments, discusses the outlook for luxury goods, saying it is strongly linked to tourism due to the feel good factor travel brings, as well as tax and price differences tourists benefit from.

Persons: Swetha Ramachandran Organizations: GAM Investments

☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
▼ + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com time to read: +9 min

Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.

Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland

☆ NATO Summit 2023: Ukraine's wait for membership -- and Zelensky's frustration -- loom over final day of summit, meeting with Biden
▼ + stars: | 2023-07-12 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

We’re looking for a continued, united NATO,” Biden said in brief remarks alongside NATO Secretary General Jens Stoltenberg at the summit site. Participants of the NATO Summit pose for an official photo in Vilnius, Lithuania, on July 11, 2023. NATO first welcomed Ukraine’s membership aspirations during a 2008 meeting in Bucharest, Romania, but little progress has been made and the timeline remains uncertain. Biden and NATO leaders have “unanimously agreed” to send a “substantial” new aid package to Ukraine, Sloat told reporters Wednesday — but she declined to provide additional details. Biden is also set to give a foreign policy speech that his aides have described as a “major address” later on Wednesday, reflecting on the strength and power of the NATO alliance.

Persons: Joe Biden, Volodymyr Zelensky, Zelensky, Biden, ”, ” Zelensky, Gitanas Nauseda, Olena Zelenska, Kacper Pempel, Jens Stoltenberg, That’s, Stoltenberg, ” Biden, Andrew Caballero, Reynolds, Amanda Sloat, Sloat, “, ” Sloat, Zelensky’s, Chris Skaluba, Biden’s, ’ Biden Organizations: Lithuania CNN, NATO, Alliance, Reuters, Wednesday, CNN, ” National Security Council, Ukraine ”, Transatlantic Security Initiative, Strategy, Security, Ukraine Locations: Vilnius, Lithuania, Ukraine, Ukrainian, NATO, Russia, United States, Kyiv, Washington, St, Michael’s, Hiroshima, Japan, Bakhmut, Bucharest, Romania, Eastern Europe, NATO’s

☆ Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO
▼ + stars: | 2023-07-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Among the measures introduced by the government was an agreement among the country's largest defined contribution pension providers to allocate 5% of assets in their default funds to unlisted equities by 2030. This could unlock up to £50 billion (roughly $64 billion) of investment in high-growth firms if all other defined contribution pension schemes follow suit, Hunt said. Meanwhile, average earners' pension pots could rise up to 12% to as much as £16,000 with defined contribution pension schemes committing to more effective investments, he added. Hunt also committed to an "intermittent trading venue" that makes it possible for public market investors to trade shares of unlisted firms. This would act as a halfway house for privately-traded firms looking for alternative ways of raising capital to public listings.

Persons: Jeremy Hunt, Hunt Organizations: Britain, Finance, CNBC, Treasury Department Locations: Europe, Silicon

☆ What Biden needs to accomplish with his NATO trip
▼ + stars: | 2023-07-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +11 min

London CNN —President Joe Biden embarks on a weeklong trip to Europe on Sunday, and the stakes couldn’t be higher for the future of the NATO alliance. Biden makes a stop in London ahead of his attendance at the NATO Summit in Vilnius, Lithuania, followed by meetings with Nordic leaders in Helsinki, Finland. But Biden will be a key player in determining what specific, measurable criteria or timelines, if any, are offered to Ukraine for NATO membership during this summit. Sweden’s NATO membership is “within reach,” NATO Secretary General Jens Stoltenberg said in a news briefing following a meeting of senior officials from Turkey, Sweden and Finland Thursday. And I’m really looking – anxiously looking forward for your membership,” Biden told Kristersson during a meeting in the Oval Office.

Persons: Joe Biden, Biden, month’s, Wagner, Yevgeny Prigozhin’s, Vladimir Putin’s, ”, Chris Skaluba, Michael McCaul, Jake Sullivan, “, Volodymyr Zelensky, ” Zelensky, Zelensky, Sweden’s, Recep Tayyip Erdoğan, Jens Stoltenberg, Stoltenberg, Ulf Kristersson, ” Biden, Kristersson, –, it’s, Max Bergmann, Bergmann, China’s “, Sullivan, King Charles III, Jill Biden, Finnegan Biden, Rishi Sunak Organizations: London CNN, NATO, Nordic, Transatlantic Security Initiative, Strategy, Security, Foreign, US House Foreign, CNN, Wall Street, Turkish, White, Eurasia Program, Stuart Center, Center for Strategic, International Studies Locations: Europe, London, Vilnius, Lithuania, Helsinki, Finland, Ukraine, Russia, Belarusian, Bucharest, Romania, Eastern Europe, Sweden, Turkey, NATO’s, Madrid, Vilnius “, United Kingdom, Windsor, Norway, Iceland, Denmark, China

NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after Reuters reported on the talks. In a statement, Cronos said it "is in the initial stages of reviewing these indications of interest." The future of the cannabis industry is uncertain as more favorable regulatory regimes in North America have fueled fierce competition among more companies. For the first quarter, Cronos posted a net loss of $19.3 million, compared with a loss of $32.7 million a year ago. Cronos has total cash, including short-term investments, of about $836.43 million, according to its first-quarter report.

Persons: Cronos, Curaleaf, Altria, Joe Biden's, Anirban Sen, Abigail Summerville, Leslie Adler, Richard Chang, David Gregorio Our Organizations: YORK, Cronos, Altria, Reuters, Curaleaf Holdings, U.S, Thomson Locations: U.S, Toronto, North America, Cronos, New York

NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), is exploring options that include a potential sale after attracting acquisition interest, people familiar with the matter said. Shares of Cronos jumped as much as 25% in Toronto on the news, giving the company a market value of C$1.03 billion ($771.13 million). For the first quarter, Cronos posted a net loss of $19.3 million, compared with a loss of $32.7 million a year ago. Cronos has total cash, including short-term investments, of about $836.43 million, according to its first-quarter report. Altria, which holds a 41% stake in Cronos, invested $1.8 billion in the company in 2019.

Persons: Altria, Cronos, Joe Biden's, Anirban Sen, Abigail Summerville, Leslie Adler, Richard Chang Organizations: YORK, Cronos, Altria, Curaleaf Holdings, U.S, Thomson Locations: Toronto, U.S, North America, Cronos, New York

☆ Wall Street wealth helps boost endowments at posh New York City private schools
▼ + stars: | 2023-07-05 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The tuition to attend private day schools in New York City can range from $58,000 to about $65,000 per year. Roughly 20% of school children attend private schools in New York City, according to think tank Manhattan Institute. With larger endowments and higher income from tuition, New York City private schools have bigger investment portfolios as well, which include long-term investments. New York City private schools have yet to report figures for 2022, when the S&P 500 fell 19%. Tuitions at New York City private schools are also outpacing those of their counterparts around the country.

Persons: outsized, Horace Mann, Walter Dillingham, Dillingham, Myra McGovern, McGovern, Gertrude Chavez, Dreyfuss, Alden Bentley, Mark Porter Organizations: YORK, Manhattan Institute, Wilmington Trust, National Association of Independent Schools, New York, New, Internal Revenue Service, Horace, Brearley School, Prep Day School, Little Red School House, Harlem Academy, Tuitions, Thomson Locations: New York, New York City, Wilmington, Bronx, Brooklyn, Manhattan, NAIS, Washington, Kansas City

☆ Analysis: Apple's growing stock market heft poses dilemma for fund managers
▼ + stars: | 2023-07-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The cost of limiting Apple shares may be particularly high for fund managers this year, given the stock's swelling weight in indexes. “Fund managers at their own peril don’t hold Apple and a handful of stocks just like it at index weight or about index weight,” Morris said. The stock is still his firm's fourth-largest holding, even though at 4% of the portfolio, it puts it underweight Apple versus the S&P 500.

Persons: Dow, Russell, Todd Sohn, Robby Greengold, Walter Todd, Todd, Alex Morris, ” Morris, Refinitiv Datastream, Peter Tuz, ” Tuz, Lewis Krauskopf, Ira Iosebashvili, Anna Driver Organizations: YORK, Dow Jones, Apple, Microsoft, Nvidia, Morningstar, Greenwood Capital, Research, “, Chase Investment, Thomson Locations: Apple’s, South Carolina, United Kingdom, Russell

☆ A.I. gave markets a sudden boost but the tech rally is more broadly diversified, CIO says
▼ + stars: | 2023-06-28 | 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 EmailA.I. gave markets a sudden boost but the tech rally is more broadly diversified, CIO saysAlex Morris, president and chief investment officer of F/m Investments, discusses the outlook for the tech sector.

Persons: Alex Morris

MUMBAI, June 27 (Reuters) - Goswami Infratech, a Shapoorji Pallonji group entity, closed India's largest debt issue from a low-rated company on Tuesday, signalling growing interest in high-yielding debt from local and global private credit funds, bankers and fund managers said. Goswami Infratech accepted bids worth 143 billion rupees ($1.74 billion), including from Edelweiss Special Opportunities Fund, Davidson Kempner, Ares Capital Management, Varde Partners and Cerberus Capital Management, the bankers said. "We are seeing money coming in from global asset managers, international development financial institutions and large pension funds in Indian private credit funds," said Vineet Sukumar, founder of Vivriti Asset Management, which also manages a private credit fund. Two recent changes in regulation have also provided a boost to private credit funds. The tweaks have led to more funds from high net worth individuals and family offices flowing into private credit funds, while elevated yields are further leading to attractive investment opportunities.

Persons: Goswami Infratech, Davidson Kempner, Sukumar, Ajay Manglunia, Saurabh Jhalaria, Karthik Athreya, Sundaram, Dharamraj Dhutia, Bhakti, Sohini Goswami Organizations: Edelweiss, Fund, Ares Capital Management, Varde Partners, Cerberus Capital Management, Deutsche Bank, Standard Chartered Bank, Ares, Vivriti Asset Management, JM Financial, EY, Asset Management, Thomson Locations: MUMBAI, India

Pros Check mark icon A check mark. Five different account levels to choose from Check mark icon A check mark. GroundfloorA different type of real estate investing platform I found was Groundfloor, which specializes in debt-based real estate. Roofstock matches you with a property manager that helps oversee your investment(s) Check mark icon A check mark. Company offers the option to buy, sell, or bring your own property to the table Check mark icon A check mark.

Persons: —, I'm, Roofstock Organizations: Service, Investments, Forbes, Reading Chevron, Company, Dash, Chevron, Roofstock

☆ U.S. manufacturing jobs are coming back home — and these industrials stand to gain
▼ + stars: | 2023-06-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The Club's industrials are set to profit from a burgeoning trend of companies bringing manufacturing jobs back to the U.S. from overseas. As companies reconstruct supply chains in the wake of the Covid-19 pandemic, Mizuho analysts see a multiyear revenue benefit for Western industrials. But companies that enable manufacturing automation, including Emerson, follow closely behind as "core beneficiaries" of the reindustrialization cycle, according to Mizuho. Meanwhile, Mizuho pointed to Honeywell as one of the companies offering a more diversified way for investors to gain reshoring exposure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Stanley Black, Decker, Mizuho, Wall, Emerson, Eaton, Hubbell, Emerson —, —, Reshoring, Frank Dellaquila, Rockwell, Jim Cramer's, Jim Cramer, Jim, Timothy Aeppel Organizations: Mizuho, Emerson, Honeywell International, Honeywell, Emerson Electric, Stanley, Western, National, Rockwell Automation, Citigroup, Citi, Caterpillar, Linde, LIN, U.S . Companies, Taiwan Semiconductor Manufacturing Company, CAT, CNBC, Workers, Emerson Electric Co Locations: U.S, North Carolina, Mizuho, Marshalltown , Iowa

Berkshire Hathaway on Monday said its wholly-owned subsidiary National Indemnity Company has increased its stake in five Japanese trading firms to average more than 8.5%. Berkshire Hathaway said it intends to hold its Japanese investments for the long term, with CEO Warren Buffett pledging the company will only purchase up to 9.9% of any of the five firms. Buffett visited Japan in April to announce that Berkshire Hathaway would boost its investment in the various Japanese trading houses to 7.4%, after identifying the five businesses as comparable entities to his Omaha-based conglomerate. The five firms are the largest of Japan's so-called sogo-shosha, or general trading companies, and focus on diversified long-term investments that prioritize value and cash flow. Berkshire Hathaway owns no other investments in Japan.

Persons: Berkshire Hathaway, Warren Buffett, Buffett Organizations: National Indemnity Company, Mitsubishi, Mitsui, Sumitomo, Berkshire Locations: Berkshire, U.S, Japan, Omaha

It's focused on maximizing your after-tax yield with a diverse, low-cost blend of bond ETFs. Read our review Read Our Review A looong arrow, pointing rightWhy you should consider an automated bond portfolioWealthfront's automated bond portfolio pays a 5.59% yield, which is higher than Wealthfront's own cash account that pays 4.55% to 5.05%. Also, the automated bond portfolio may be tax-advantaged, but there's no guarantee that it will work. But neither platform offers automated investing specifically for bond ETFs, so passive investors are better off with Wealthfront. It also invests in a blend of commission-free bond ETFs and iShares bond ETFs.

Persons: Wealthfront, —, Charles Schwab, you'll Organizations: Bond, Service, SEC, Reading Chevron, Treasury, Fidelity, Wealthfront

☆ Futures falter as Fed forecasts further rate hikes
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

Traders see a 72% chance of a 25-basis-point rate hike in July, up from around 60% a day earlier, according to the CME Fedwatch tool. "Powell expressed that the committee seemed surprised about the resilience of current inflation even if Tuesday's CPI print showed a continued slowing in the headline inflation rate," said Charles Hepworth, investment director at GAM Investments. The S&P 500 (.SPX) and Nasdaq (.IXIC) rose for a fifth consecutive session on Wednesday, while the Dow (.DJI) ended down following the Fed decision. ET, Dow e-minis were down 78 points, or 0.23%, S&P 500 e-minis were down 18.25 points, or 0.41%, and Nasdaq 100 e-minis were down 107 points, or 0.7%. Reporting by Shristi Achar A and Sruthi Shankar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: TD Cowen, Powell, Charles Hepworth, Shristi Achar, Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, Federal Reserve, Fed, Traders, GAM Investments, Apple, Nvidia, Tesla, Dow e, Investors, Kohls Corp, Alibaba, People's Bank of China, Thomson Locations: China, U.S, Bengaluru

☆ Nervous about high rates? Analysts like these cash-rich stocks, giving one nearly 80% upside
▼ + stars: | 2023-06-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Key beneficiaries Analysts recently flagged cash-rich companies as a beneficiary of higher interest rates. It said that consumer services, software and semiconductor companies are among those likeliest to profit the most from higher interest. "With higher interest rates, companies with robust balance sheets may be able to generate substantial amounts of interest income and surprise to the upside." The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity.

Persons: James Demmert, Jefferies, Morgan Stanley, BofA, — CNBC's Michael Bloom Organizations: Main, Research, Companies, ", CNBC Pro, Vertex Pharmaceuticals, Broadcom, German, Lufthansa, Honda Motor, Renault Locations: U.S

It's focused on maximizing your after-tax yield with a diverse, low-cost blend of bond ETFs. Here's everything you need to know about the new Wealthfront automated bond portfolio. Read our review Read Our Review A looong arrow, pointing rightWhy you should consider an automated bond portfolioWealthfront's automated bond portfolio pays a 5.48% yield, which is higher than Wealthfront's own cash account that pays 4.55% to 5.05%. Also, the automated bond portfolio may be tax-advantaged, but there's no guarantee that it will work. It also invests in a blend of commission-free bond ETFs and iShares bond ETFs.

Persons: Wealthfront, —, Charles Schwab, you'll Organizations: Bond, Service, SEC, Reading Chevron, Treasury, Fidelity, Wealthfront

☆ Stock markets are ignoring a 'laundry list' of risks, strategist says
▼ + stars: | 2023-06-05 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange (NYSE) May 30, 2023. Stock markets are ignoring a "laundry list" of potential risks in their recent bull run, and a big downturn could be incoming, according to Julian Howard, investment director for multi-asset solutions at GAM Investments. "There's this laundry list of problems, and interest rates and inflation haven't gone away. The debt ceiling is done, and I think there's a sense that, actually, the markets need to refocus again on inflation and rates," Howard said. "The U.S. consumer is pretty ambivalent about inflation, it kind of expects higher inflation now, and that's dangerous because that entrenches higher inflation itself, because obviously expectations lead to higher inflation."

Persons: Julian Howard, Howard, CNBC's, haven't Organizations: New York Stock Exchange, Stock, GAM Investments, Nasdaq, U.S . Federal Locations: U.S

☆ I'm an ex-Amazon senior leader. Here's why layoffs keep happening and why ambitious managers are fueling them.
▼ + stars: | 2023-06-02 | by ( Brandon Southern | ) www.businessinsider.com time to read: +5 min

He explains that companies say they want efficient teams but don't reward those who create them. Southern also says that managers add headcount when seeking a promotion and bloat the company. By hiring more team members, the manager's scope would naturally increase which increased the odds of being promoted. And efficient teams aren't actually helping them get there. This is why so many leaders first look to add more headcount instead of first looking to make the organization more efficient.

Persons: Brandon Southern, —, I've, they're, it's Organizations: eBay, GameStop, Service, Microsoft, Google, Amazon, Gamestop, VMware Locations: Southern, bloating

☆ 23-year-old's food businesses bring in $650,000 a year: 'I’m a brown kid with tattoos and no college education, and I’m doing it'
▼ + stars: | 2023-06-02 | by ( Ashton Jackson Tom Huddleston Jr. Zachary Green | Ashton Jackson | Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

[Editor's note: This story has been updated to reflect that Nico Vergara worked at Zeds Real Fruit Ice Cream before launching his business. And it all started with a small New Zealand-style "real fruit" ice cream cart in Portland, Oregon. Vergara helped manage a business, Zed's Real Fruit Ice Cream, that used the machine before starting his own in 2021. Most of that revenue — $473,000 — came solely from Nico's Ice Cream. One piece of equipment was particularly important: the ice cream blender, made by a Hope, New Zealand-based company called Little Jem.

Persons: Nico Vergara, Vergara, he'd, Jem Organizations: CNBC, Cream, Apple Locations: New Zealand, Portland , Oregon, Portland, Oregon, Washington, Mexican, Zealand, Hope , New Zealand

Today, Nico's Ice Cream includes two brick-and-mortar locations in Portland and pints sold in about 60 grocery stores across Oregon and Washington. Within a year, one ice cream cart became two brick-and-mortar locations, a Mexican restaurant and a cafe that closed almost as quickly as it opened. Most of that revenue — $473,000 — came solely from Nico's Ice Cream. One piece of equipment was particularly important: the ice cream blender, made by a Hope, New Zealand-based company called Little Jem. Vergara, working at one of his two Nico's Ice Cream locations.

Persons: Nico Vergara, Vergara, he'd, Jem Organizations: Zealand, CNBC, Cream, Apple Locations: New Zealand, Portland , Oregon, Portland, Oregon, Washington, Mexican, Zealand, Hope , New Zealand

☆ From Wall Street to Washington: Which finance execs would make the best public servants?
▼ + stars: | 2023-06-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

There has long been speculation that America's most-famous banker has plans to run for some sort of public office. The path from Wall Street to Washington is well worn, with plenty of high-profile executives taking up positions in the government. When most Wall Street executives were still afraid of the public cloud, she was ready to embrace it with open arms. Jon Gray — Treasury SecretaryBlackstone's president and chief operating officer has already had a brush with public office. The idea of him holding public office doesn't seem far-fetched.

Persons: Dan DeFrancesco, TikTok, I'm, we've, nabbing, Joe Biden's, Kevin McCarthy's, Jamie Dimon, Larry Downing, hasn't shied, Dimon, Dimon's, Bill Ackman, Kenneth Chenault —, Kathy Hochul, she's, Chenault, He's, Larry Fink —, We've, Larry, Fink, Adena Friedman, Friedman, Jon Gray —, Gray, Donald Trump, Gray's, Wall, Sen, Elizabeth Warren, Ken Griffin, Griffin, hasn't, Griffin hasn't, Ron DeSantis, he'll, Brian Moynihan —, Moynihan, Dan Schulman —, PayPal — he's, Taylor Swift, Kevin Mazur, Larry Fink, Franklin Templeton, It's, Rockefeller, Stephen Schwarzman, Warren Buffett, Cliff Asness, that's, Here's, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, REUTERS, Bloomberg, American Express, Catalyst, Washington Post, BlackRock, SEC, CFTC, OCC, Nasdaq, Wall, Democrat, GOP, Florida Gov, Commerce, PayPal, Express, Virgin Mobile, Rockefeller Capital Management, Putnam Investments, Blackstone, Credit Suisse, UBS, Reuters, LinkedIn Locations: NYC, Washington, New York, Florida, Chicago, Miami, Ohio, Swiss, London

☆ Franklin Templeton to Acquire Putnam Investments From Great-West Lifeco
▼ + stars: | 2023-05-31 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/franklin-templeton-to-acquire-putnam-investments-from-great-west-lifeco-6e4b7baa

Persons: Dow Jones, templeton Organizations: franklin, putnam

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