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Apollo Global Management (NYSE: APO) says it is directing over $100 billion of capital into industries reshaped by trade friction. In a Q2 2024 investor briefing, the firm highlighted a multibillion-dollar allocation across private equity, credit and infrastructure to capitalize on…
StepStone Group (NASDAQ: STEP) said its latest middle-market growth-equity fund, StepStone Growth Partners V, closed at $720 million, beating its $700 million target. The firm’s new fund follows StepStone’s 2021 Tactical Growth Fund IV, which raised about $705 million. In StepStone’s view, this latest close…
Hours after Donald J. Trump was sworn in for a second term, he issued an executive order laying the groundwork for mass deportations of immigrants and denying them legal assistance. Public interest groups focused on immigrant rights teamed up to…
SAN ANTONIO, TX — When Gregg Popovich took over the San Antonio Spurs in 1996, the franchise was a modest, small-market team in an era dominated by big-city clubs. Owner Peter Holt had just paid $76 million for the team, and…
SAN FRANCISCO — ChatGPT maker OpenAI will remain under the control of its founding nonprofit board after abandoning a plan to split off its commercial operations as a for-profit company. Former employees and Elon Musk, a co-founder of OpenAI who…
President Donald Trump called for a 100 percent tariff on movies produced overseas in a Truth Social post Sunday night, confounding studio executives and critics about what this could mean for the heavily globalized film industry. “The Movie Industry in…
There it was for all to see, President Trump’s tangled relationship with the Ivy League, delivered in a burst at his rally in Michigan on Tuesday night. “He’s the top,” the president said of Dr. Mehmet Oz, the TV celebrity…
Chicago, May 2025 – Conagra Brands has agreed to sell its Chef Boyardee canned pasta business to private equity firm Pinnacle Partners for $600 million in cash. The deal – expected to close in Q1 of fiscal 2026 – transfers an iconic, 97-year-old…
In 2009, Disney bet heavily on comic-book movie magic. The media giant agreed to acquire Marvel Entertainment for $4 billion, gaining a treasure trove of characters and intellectual property. What followed was a decade-long boom: under Disney’s wing, Marvel Studios turned out a succession…
A U.S. airstrike in Yemen on Monday appears to have killed at least three dozen people in a Houthi-run compound that human rights researchers say has been used for years as a detention center and at times for military purposes, according…
American companies are promising to spend hundreds of billions of dollars in the United States as President Donald Trump deploys tariffs to promote domestic manufacturing, a gush of investment plans that the White House compiled on a new webpage titled The…
The daughter of Stan Lee, J.C., has settled a lawsuit against Max Anderson, the comic book legend’s former longtime road manager accused of elder abuse and pilfering tens of millions of dollars in memorabilia, autograph revenue and appearance fees. Ahead of…
Roku is making a significant acquisition that will propel it further in the content space. The streaming platform says that it is acquiring the subscription streaming service Frndly TV in a deal valued at $185 million. The deal, which should be…
Tech giant Apple, led by CEO Tim Cook, delivered revenue of $95.36 billion for the second quarter of 2025 overshadowed by sweeping new tariffs imposed on China by the Trump administration. The iPhone maker’s overall revenues, up 5 percent year-on-year, surpassed analyst expectations after…
Live Nation reported $3.3 billion in revenue for the first financial quarter of 2025, an 11 percent drop from the particularly strong first quarter the live music giant had posted a year ago. Adjusted operating income fell 6 percent to $341 million from…
Exhibition giant Cinemark reported revenue of $541 million, down 7 percent year-over-year from $579 million, for the first quarter of 2025 and swung to a quarterly loss of $39 million, compared to a year-earlier profit of $25 million. But the company touted:…
The sports streaming platform FuboTV reported it ended the first quarter with 1.47 million paid subscribers in North America, down from 1.67 million at the end of the fourth quarter of 2024 and 1.61 million at the end of the third quarter…
Amazon founder and executive chairman Jeff Bezos is planning to sell some of his holdings in the company. Bezos, whose net worth is valued at over $200 billion, will sell up to 25 million shares in the company, valued at around $5 billion,…
Skipper co-founded Meadowlark in 2021 alongside radio host Dan Le Batard with a goal of bringing his show to digital platforms. Skipper, the former president of ESPN, subsequently pushed Meadowlark to develop documentary and unscripted fare, inking a first-look deal with Apple TV+, and developed…
When Walt Disney Animation Studios opened its Vancouver production facility in 2021, the first project it took on was the series adaptation of Moana, which later became the more than $2 billion feature-film box office hit Moana 2. This development served as…
Two people have been arrested in connection with an alleged plot to detonate explosives at a free Lady Gaga concert in Rio de Janeiro, in what authorities believe was an attempt to target Brazil’s LGBTQ community. The Rio event on Saturday was…
Patrick Schwarzenegger is hoping to take a stab at a choice role that happens to bear his first name. Schwarzenegger, who has made no secret over the years of his affinity for American Psycho, is continuing to publicly voice his interest in…
MoviePass, the startup that made its mark with its movie theater subscription service, has always been known for shaking things up, and its latest venture is no exception. The company announced on Thursday the beta launch of Mogul, a new daily fantasy…
The U.S. labor market remained resilient in April, with employers adding 177,000 jobs, a solid showing despite ongoing economic uncertainty that has caused many employers to put hiring plans on hold. The unemployment rate held steady at 4.2 percent, near…
Warren E. Buffett has been at the forefront of American capitalism for decades as the chief executive of Berkshire Hathaway, the conglomerate he built into a $1.1 trillion colossus. By the end of the year, he is preparing to give…
