Private Equity Builds $722 Billion War Chest in Hunt for Deals

Aug 8, 2024 | Markets

Executives say deal market is back ahead of expected rate cut Firms under pressure to return money to fund investors The biggest publicly traded alternative asset managers have more than a half-trillion dollars to put to work — and they’re gearing up for a deals...

Travel Startup Flyr Raises $295 Million in Equity and Debt

Aug 8, 2024 | Markets

Investors valued the startup at $900 million in its latest funding round.  Flyr, a travel startup that provides software to companies including JetBlue Airways Corp., has raised $295 million in equity and debt in a new funding round. The deal, led by WestCap, values...

Bumble Shares Take Record Plunge on Slashed Annual Outlook

Aug 8, 2024 | Markets

Company projects 1% to 2% revenue growth, down from 8% to 11% Dating firm ties lower outlook to ‘reset’ of growth strategy Bumble Inc.’s shares took a record plunge on Thursday after the dating company slashed its annual revenue outlook, signaling that an overhaul of...

JPMorgan Boosts US Recession Chance to 35% by End of This Year

Aug 7, 2024 | Markets

Bank follows Goldman Sachs in raising risk of a downturn US news suggests ‘early signs of labor shedding,’ bank says JPMorgan Chase & Co. now sees a 35% chance that the US economy tips into a recession by the end of this year, up from 25% as of the start of last...