Caterpillar Shares Fall Most in 3 Months on Lower Sales Outlook

Jan 30, 2025 | Markets

Company provides downbeat outlook for sales and revenue Fourth quarter construction demand was higher-than-expected Caterpillar Inc. shares fell the most in three months after the heavy equipment maker warned that revenues will be “slightly lower” in 2025 with demand...

Apollo’s Wealthy Customers Want In on the Private Markets Boom

Jan 29, 2025 | Markets, Private Markets

For years, the best opportunities in private markets were snapped up by institutional investors. Now, Apollo Global Management Inc. is helping the world’s ultra-wealthy get in on the action. The asset management giant has seen some wealth investors allocate as much as...

Meta and Microsoft Show AI Spending Can Be a Double-Edged Sword

Jan 28, 2025 | Markets

Meta’s capex is seen as a sign of strength, supporting shares DeepSeek is seen as the latest risk to Microsoft’s AI payoff On a day US tech stocks lost nearly $1 trillion on concerns about artificial intelligence spending, Meta Platforms Inc. hit a record high —...

Private Fund Giants Gain Traction With Europe’s Wealthy Families

Jan 28, 2025 | Markets, Private Markets

EU approvals of new-style evergreen funds tripled last year Alternative asset managers gather at IPEM Cannes this week After a slow start, alternative asset managers are finally starting to see some success with Europe’s wealthy by offering something investors crave:...

Black Swan’s Taleb Says Nvidia Rout Is Hint of What’s Coming

Jan 28, 2025 | Markets

Author says drawdown 2- or 3-times bigger than Monday possible Taleb speaks to Bloomberg News at Miami Hedge Fund Week The Black Swan author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia Corp. is just a taste of what’s in store for investors who...