Shari Redstone, non-executive chairwoman of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 11, 2023.David A. Grogan | CNBCSony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company...
Year: 2024
Here’s what changed in the new Fed statement
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., on March 20, 2024.Elizabeth Frantz | ReutersThis is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in...
Here’s what to expect from the April jobs report on Friday
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024.Allison Joyce | Bloomberg | Getty ImagesHiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal...
Family offices are looking beyond the stock market for higher returns, new report finds
Large family offices have nearly half their investments in private markets and alternatives, as they move out of the stock market in search of higher returns and lower volatility, according to a new study.Family offices have 46% of their total portfolio in alternative investments, which includes private equity, real estate,...
Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal
A view of the Exxon Mobil refinery in Baytown, Texas.Jessica Rinaldi | ReutersThe Federal Trade Commission will wave through Exxon Mobil's roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC.The FTC will not block the...