Apollo and CEO Marc Rowan are at the forefront of a tectonic shift in the investing landscape, with the lines between public and private markets blurring.
Pepsi shares jump 5% as activist Elliott takes $4 billion stake, sees ‘historic’ value opportunity
The Paul Singer-founded Elliott’s bet in Pepsi is worth $4 billion, becoming the consumer giant’s top five active investors excluding index funds.
Stocks making the biggest premarket moves: Kraft Heinz, PepsiCo, Biogen, Signet Jewelers and more
These are the stocks posting the largest moves in the premarket.
Inside Alts: Why Apollo’s CEO thinks your investment strategy is broken
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Inside the world of alternative investments: Here’s what to know
Alternative investments like private credit are more available to retail investors than ever. CNBC’s Robert Frank joins ‘Squawk Box’ to talk about the launch of CNBC’s new ‘Inside Alts’ newsletter.
Euro zone inflation rises to hotter-than-expected 2.1% in August
Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.
Pickleball is just getting started in China
Online sales of pickleball paddles and related equipment in China have skyrocketed, according to data from WPIC Marketing + Technologies.
Trump keeps threatening to punish Putin. Here’s what’s holding him back
U.S. President Donald Trump says he’ll punish Russia if Moscow doesn’t agree to peace talks with Ukraine. Yet, he hasn’t pushed the button, so far.
China’s Xi urges AI cooperation, rejects ‘Cold War mentality’ at SCO summit
It is unclear if the SCO summit will pave the way for any breakthroughs in easing tensions, though Beijing has sought to cast itself as a global peacemaker.
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states
A push to tax the real estate of the wealthy has sparked a backlash among brokers and potential buyers, who say the taxes punish the most important local spenders.