The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Federal Reserve Chairman Jerome Powell spurred the rally when he said the central bank was “closely monitoring” trade developments […]
Global stocks rallied Tuesday as the United States took a step away from imposing crushing restrictions on Chinese telecom company Huawei, while the pound gyrated on fresh Brexit drama.
The U.S. Commerce Department will allow Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets. The U.S. government said it imposed the restrictions because of Huawei’s involvement in activities contrary to national security or foreign policy interests. The new authorization is intended […]
Wynn Resorts and MGM Resorts International said in a joint statement they’ve engaged in conversations about the potential sale of Encore Boston Harbor. This comes as Wynn is about to open the $2.6 billion Everett, Massachusetts, casino. The companies say the talks won’t delay the Everett opening scheduled for next month.
The history of private equity and venture capital and the development of these asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel, although interrelated tracks. Since the […]
The Wall Streets Crash of 1929, also called the CURRENCY MARKETS Crash of 1929 or the fantastic Crash, is a significant currency markets crash that took place in late Oct 1929. It began on Oct 24 (“Black Thursday”) and prolonged until Oct 29, 1929 (“Black Tuesday”), when talk about prices on the brand new York […]
Private equity typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded. Private equity is, strictly speaking, a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange. […]
The Black Wall Street may refer to: Greenwood, Tulsa, Oklahoma, a neighborhood in containing many African-American businesses in the early 20th century Tulsa race riot of 1921, in which a white mob destroyed much of Greenwood Jackson Ward, a thriving African-American business community in Richmond, Virginia Black Wall Street (Durham, North Carolina) Parrish Street, in […]
In 2017, Private Equity International ranked the largest private equity firms by how much capital they raised for private equity investments. see more at wikipedia