Serena Tan, CEO of Gaia Investment Partners and Scott Hahn, CEO of Hahn & Co at CNBC’s CONVERGE LIVE on Thursday, March 13, Singapore.CNBCThe private equity market could be heading for a shake-up, with several fund managers facing difficulties in raising cash, Serena Tan, CEO of Gaia Investment Partners, a Malaysian fund of funds, told CNBC at CONVERGE LIVE in Singapore.The low interest rate environment post-Covid means the deals market was booming, bolstering fund managers’ track records, according to Tan. But many of these previously successful private equity players have been struggling to raise funds in the current lackluster market, Tan…
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The arch of the European Parliament is seen on March 8, 2025 in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty ImagesBelgian prosecutors said on Thursday they had detained several individuals over suspected bribery in the European Parliament allegedly for the benefit of China’s Huawei.Belgian investigators carried out searches of 21 premises across Belgium and in Portugal on Thursday morning. A judge had since requested that the offices of two parliamentary assistants be sealed, federal prosecutors said.Huawei said it took the allegations seriously and would urgently communicate with authorities to fully understand the situation.”Huawei has a zero tolerance policy towards corruption or other wrongdoing, and we are committed to complying…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange on March 13, 2025.NYSES&P 500 futures rose early Friday following a losing session that dragged the benchmark into correction territory.Futures tied to the broad index added 0.81%, while Nasdaq 100 futures advanced 1.05%. Dow Jones Industrial Average futures gained 231 points, or 0.57%.A 1.4% drop on Thursday dragged the S&P 500 down 10.1% from its record close notched last month, bringing it officially into a correction. This is defined as a decline of at least 10% from a recent high. The 30-stock Dow and Nasdaq Composite slid 1.3% and…
In times of tumult and uncertainty, a society can come together over resounding, unequivocal disdain against a common villain.This week, Australia, which is gearing up for a divisive election, found that antagonist in an American social media influencer. The woman — known as “Sam Jones” from Montana on Instagram — snatched a baby wombat from near its mother at night from the side of what appeared to be a remote road. Then she ran back to her vehicle and held the marsupial up for a camera, as it wriggled and squealed.“Mama’s right there, and she’s pissed,” the woman said in…
Chinese videostreaming company iQiyi announced March 13, 2025, it will open a theme park later in the year in Yangzhou, Jiangsu province.iQIYIBEIJING — Chinese videostreaming platform iQiyi announced Thursday it plans later this year to open its first full-fledged theme park in China based on characters from its own shows.The forthcoming “iQiyi Land” is set to open in the city of Yangzhou in Jiangsu province, just over two hours from Shanghai by high-speed train. The company said the theme park will include seven types of attractions — including immersive theater, interactive film sets and experiences that use virtual reality —…
‘Fast Money’ guest trader Chris Verrone talks the precious metal trades. Source link
(From left) CNBC’s Steve Sedgwick moderates an IoT panel with Cenk Alper, CEO of Sabanci Holding, Christina Shim, chief sustainability officer of IBM, and Mitesh Patel, interim CEO and COO of SunCable International, at CONVERGE LIVE on March 13, 2025.Renewable energy companies can shorten the long approval process needed for their projects by communicating better with stakeholders, according to experts.Christina Shim, IBM’s chief sustainability officer, said sponsors need to focus on the business value — in addition to the environmental benefits — when discussing their projects.”That being said … there are some triggering words now, depending on where you sit…
Italian employees at the Aviano Air Base in northern Italy paused from flipping burgers, unloading trucks and restocking shelves recently to open an email from their bosses demanding that they list five key accomplishments from last week.The email was a by-now familiar demand from President Trump’s chief cost-cutter, Elon Musk, carrying with it the threat of termination if they did not respond. But on this occasion, it did not land with government employees in the United States, but rather in Italy, a country where workers’ rights are held sacrosanct.The result set the stage for a puzzling clash of cultures, with…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyLaura Champine, Loop Capital Markets, joins ‘Fast Money’ to talk how retail stocks are faring in the consumer and market downturn.06:435 hours ago Source link
