McDonald’s Sales Miss Highlights Rising Consumer Anxiety

May 1, 2025 | Markets

McDonald’s Corp. US sales fell sharply in the first quarter, reflecting a deterioration in consumer sentiment that’s making it harder for restaurants to lure in diners. Same-store sales slumped 3.6% in the US, according to a statement Thursday, mainly because of a...

Apollo Raises $5.4 Billion Fund for Secondhand PE Deals

May 1, 2025 | Markets, Private Markets

Apollo Global Management Inc. raised about $5.4 billion for a vehicle that enables investors to cash out of private funds early, spurred by a sluggish dealmaking climate. The fundraising for Apollo’s S3 Equity and Hybrid Solutions fund surpassed its target, according...

Yellen Warns US Recession Risk Is ‘Way Up’ After Trump’s Tariffs

May 1, 2025 | Markets

Janet Yellen warned that the risk of a US recession has “gone way up” after Donald Trump’s sweeping tariffs rattled financial markets, consumers and businesses. The former Federal Reserve chair said in an interview with the Financial Times that the tariffs on major...

US Futures Extend Wall Street Gain on Tech Results: Markets Wrap

Apr 30, 2025 | Markets

US equity futures rallied Thursday on stronger-than-expected tech earnings and signs the Trump administration may be close to announcing the first round of trade deals to reduce planned tariffs. Contracts for the S&P 500 and Nasdaq 100 both gained at least 0.9%,...

Carlyle, State Street Mull Partnership to Tap Retail Wealth

Apr 30, 2025 | Markets, Private Markets, Recommended

State State Corp.’s asset-management arm held preliminary talks with Carlyle Group Inc. about a potential tie-up to create a product that would combine public and private markets for individual investors. The discussions took place in recent weeks after State Street...

US Toymakers Scramble to Adjust to Trump’s China Tariffs

Apr 30, 2025 | Markets

America’s toymakers outsourced manufacturing to China in the 1980s to cut costs. Nearly half a century later, that decision could bankrupt them. Almost half of the more than 400 US companies surveyed by the Toy Association, a trade organization, said that...