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At the Global Financial Leaders’ Investment Summit in Hong Kong, Apollo CEO Marc Rowan highlighted a U.S. "industrial renaissance" driving significant capital demand, fueled by government spending on infrastructure and technology. Panelists noted a resurgence in capital raising, particularly in energy and data centers, with expectations for robust M&A activity in 2025 as economic conditions improve.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
UBS is considering applying for a US banking license to enhance its presence in the US wealth market, aiming to attract high-net-worth clients through its investment bank. Meanwhile, JPMorgan"s Chase UK has launched its first credit card, targeting profitability by 2025 after amassing over £20bn in deposits since its 2021 launch. Additionally, Rothschild & Co has opened a new wealth management office in Dubai, joining other financial institutions expanding in the region.
Locanda Verde, a beloved Tribeca restaurant, is set to open a second location on November 15 at 50 Hudson Yards, the headquarters of BlackRock Inc. This expansion comes after 15 years of success in its original spot, catering to a loyal clientele, including notable figures like Goldman Sachs CEO David Solomon.
Goldman Sachs and Carlyle Group executives are poised for substantial bonuses, potentially reaching $50 million, following the prospect of Donald Trump's return to the White House. The anticipated benefits from Trump's regulatory and tax policies have already boosted Goldman Sachs' stock price significantly. If these gains persist, CEO David Solomon could unlock a special payout linked to the company's performance.
Goldman Sachs has promoted 95 executives to its partnership, marking the largest increase since David Solomon became CEO in 2018. This surpasses the previous high of 80 promotions in 2022, as the firm continues its biennial tradition of elevating select individuals to its top ranks.
Goldman Sachs Group Inc. is set to announce its largest partner class since David Solomon became CEO, surpassing the previous high of 80 promotions in 2022. This biennial event highlights the bank's tradition of elevating a select few to its elite ranks.
Wall Street CEOs gathered in Riyadh for the Future Investment Initiative, expressing optimism about the US economy while voicing concerns over sluggish growth in Europe. Notable figures such as Citigroup's Jane Fraser and BlackRock's Larry Fink highlighted the resilience of the US market amidst global uncertainties.
At the Future Investment Initiative in Saudi Arabia, top finance executives from firms like Goldman Sachs, Morgan Stanley, and Apollo Global Management expressed skepticism about the likelihood of two Federal Reserve interest-rate cuts this year. None of the panelists indicated support for such market expectations, suggesting that bets on rate reductions may be excessive.
Abu Dhabi's absence at the Future Investment Initiative in Riyadh highlights the growing competition between the two cities. Notable figures from Abu Dhabi, including Mubadala CEO Khaldoon Al Mubarak, have historically attended, but this year, few prominent attendees made the trip to the summit.
David Solomon
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us industrial renaissance drives capital demand and fundraising recovery
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06:32 20.11.2024
market movers nvidia target walmart and airline stocks in focus
RTX
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Sempra
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Vistra Corp.
NiSource Inc.
Delta Air Lines, Inc.
Lockheed Martin Corporation
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NVIDIA Corporation
Target Corporation
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RUS
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Vladimir Putin
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01:44 20.11.2024
ubs seeks us banking license as chase uk launches first credit card
British Pound Sterling
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12:14 19.11.2024
locanda verde to open second location in hudson yards this november
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16:15 13.11.2024
goldman sachs and carlyle ceos eye massive bonuses with trump election win
17:00 08.11.2024
Goldman Sachs promotes 95 executives to partnership in record move
20:52 07.11.2024
goldman sachs to promote largest partner class under david solomon
13:00 05.11.2024
Wall Street leaders express optimism for US economy amid European concerns
United States Dollar
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The Goldman Sachs Group, Inc.
Citigroup Inc.
BlackRock, Inc.
USA
Jane Fraser
David Solomon
Larry Fink
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14:06 29.10.2024
finance leaders doubt likelihood of two federal reserve rate cuts this year
Morgan Stanley
Standard Chartered PLC
State Street Corporation
The Goldman Sachs Group, Inc.
The Carlyle Group Inc.
Apollo Global Management, Inc.
USA
David Solomon
James Gorman
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Bill Winters
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10:46 29.10.2024
abu dhabi's absence at future investment initiative highlights rivalry with riyadh
05:58 29.10.2024
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