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Financial News Around the World

KKR’s private equity co-head says it’s a great time to do deals, but be sure to exercise caution

“This is a great time to do deals,” said KKR’s Global Co-Head of Private Equity Pete Stavros. “When you want to be more cautious is when capital is everywhere.”

Published 27 July 2023
Categorised as Finance News

Private equity giant KKR’s antidote to worker discontent — employee stock ownership programs

Pete Stavros, co-head of global private equity at KKR, is a key champion of instilling employee stock ownership programs in all the companies the firm buys.

Published 27 July 2023
Categorised as Finance News

Treasury bills are still paying above 5%. Here’s what to know before buying

Treasury bill yields are still well above 5% following another interest rate hike from the Federal Reserve. Here’s what investors need to know.

Published 27 July 2023
Categorised as Finance News

Prosecutors drop another charge against FTX co-founder Sam Bankman-Fried

Federal prosecutors told a Manhattan judge that they wouldn’t pursue a campaign finance charge against FTX founder Sam Bankman-Fried after a procedural failing.

Published 27 July 2023
Categorised as Finance News

Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets

The heightened requirements would apply to all banks with at least $100 billion in assets and would impact the biggest and most complex banks the most.

Published 27 July 2023
Categorised as Finance News

GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls

Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.

Published 27 July 2023
Categorised as Finance News

Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate

Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday.

Published 27 July 2023
Categorised as Finance News

You may be overlooking an important point about target date funds

Target date funds have become the most popular 401(k) investments. But differences in stock and bond allocations mean they might not be right for everyone.

Published 27 July 2023
Categorised as Finance News

European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’

The European Central Bank on Thursday announced a new rate increase of 25 basis points, bringing its main rate to 3.75%

Published 27 July 2023
Categorised as Finance News

Watch live: ECB President Christine Lagarde speaks after rate decision

European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.

Published 27 July 2023
Categorised as Finance News

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