Franklin Templeton Turns Toward Private Investing as Mutual-Fund Business Shrinks
After a string of acquisitions, the firm now manages more than $260 billion in alternative assets like private credit.
(Bloomberg) -- The father-son duo behind Carvana Co. have seen their fortunes rebound as shares of the Phoenix-based online used-car dealer have surged more than 3,000% from historic lows.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defense Pact Meant to Resh
The company has been very clever about harnessing technology to help improve performance.
Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his ownership of
These potential stock-split stocks could help patient investors turn a profit in the market.
Apple reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
Dividend Aristocrats, a group of S&P 500 companies that have consistently increased their annual dividend payouts for at least 25 consecutive years, are often considered a haven for income-seeking investors. These companies are known for their ...
(Bloomberg) -- A company tied to Intel Corp.’s expansion of computer chip factories in Arizona is selling $3.85 billion of investment-grade bonds on Thursday. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market Has Already VotedFoundry JV Hol
Management is taking action, signaling it believes its shares are significantly undervalued.