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(Bloomberg) -- Blackstone Group Inc. and Apollo Global Management Inc. delivered a simple message to Wall Street’s main regulator Tuesday: Private equity is stomping public markets, meaning mom-and-pop investors will endure inferior returns as long as rules keep them out.Speaking at a Securities and Exchange Commission event, top executives at the firms stopped short of urging the agency to dial back restrictions. But they came armed with data showing all the ways retail investors have been left behind. Their arguments: private markets are here to stay, less-liquid investments like corporate debt perform much better than stocks and private equity produces bigger gains with less volatility than publicly traded shares.“Private companies can now get ample funding and don’t need to do the IPO route” as early, said John Finley, Blackstone’s chief legal officer. “This is a fundamental change that regulators and the industry will have to deal with.”Stephanie Drescher, Apollo’s head of...
Snoop Dogg and Dunkin' have teamed up for a new Beyond Meat sandwich only available for a limited time. Yahoo Finance's Zack Guzman, Heidi Chung and Director of Research at QVIDTVM, Inc. Max Raskin discuss on YFi PM....
(Bloomberg) -- Rachel Holt, one of the first employees at Uber Technologies Inc. who rose to become one of the most powerful women at the company, is leaving to start a venture capital firm.Holt is teaming up with Dayna Grayson, a venture capitalist from New Enterprise Associates, to create the new firm, Construct Capital. Both women announced the moves on Twitter but didn’t offer details such as the target fund size. Neither responded to requests for comment.The new firm increases the representation of women in venture capital, an industry dominated by men who bankroll startups mostly led by men. Just 12% of startup investment firms in the U.S. have women in decision-making roles with the power to write checks, according to a report by industry research firm PitchBook and advocacy group All Raise. Female venture partners are twice as likely to invest in startups with at least one female founder and...
(Bloomberg) -- U.S. stocks retreated from all-time highs after Bloomberg reported that existing tariffs on billions of dollars of Chinese goods will likely stay in place after the presidential election.The S&P 500, Nasdaq Composite and Dow Jones Industrial indexes all pulled back from records as the conditions underscored lingering concern about future progress in negotiations. Treasuries climbed earlier after a gauge of underlying inflation rose less than forecast.“There was a lot of optimism built up and now this just throws a whole new wrench into that optimism and a lot of questions moving forward,” said Ryan Nauman, a market strategist at Informa Financial Intelligence’s Zephyr.The two sides have an understanding that no sooner than 10 months after the signing of the agreement at the White House Wednesday, the U.S. will review progress and potentially trim tariffs now in place on $360 billion of imports from China, according to people familiar with...
Goldman Sachs Group (NYSE: GS ) unveils its next round of earnings this Wednesday, January 15. Get prepared with Benzinga's ultimate preview for Goldman Sachs Group's Q4 earnings. Earnings and Revenue ......
Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we......
Bank of America (NYSE: BAC ) releases its next round of earnings this Wednesday, January 15. Here's Benzinga's essential guide to Bank of America's Q4 earnings report. Earnings and Revenue Analysts covering ......
