Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business. The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter. One complicating factor has been Apple’s ownership of a 20 percent...
Amazon is in talks to acquire the satellite telecommunications group Globalstar, a deal that would bolster the e-commerce giant’s effort to build its own low-Earth orbit satellite business. The two sides were still negotiating over some of the complexities of a deal after lengthy talks, according to people familiar with the matter. One complicating factor has been Apple’s ownership of a 20 percent stake in Globalstar, necessitating negotiations between Amazon and Apple, the people said. Read full article Comments
Hi, it’s Matt Monks and Tim LeeMaster in New York, with a report on how baby boomer retirement money and the people who manage it have created a growth area for private equity. Also today, AI and war spook buyers for assets that PE firms are itching to sell. Please note that we’ll be off for the long weekend and will return with a full schedule on Monday, April 6. Enjoy your breaks! Today’s top st...
Hi, it’s Matt Monks and Tim LeeMaster in New York, with a report on how baby boomer retirement money and the people who manage it have created a growth area for private equity. Also today, AI and war spook buyers for assets that PE firms are itching to sell. Please note that we’ll be off for the long weekend and will return with a full schedule on Monday, April 6. Enjoy your breaks! Today’s top stories Estée Lauder, Puig advance talks to combine in mostly stock deal. SpaceX files confidentially for IPO before AI rivals. KKR secures $23 billion for Americas PE in its largest-ever haul . Lufthansa, Air France-KLM submit bids for Portugal’s TAP. Musk, SEC say fight over Twitter share stockpile may go to trial . M&A for RIA The registered investment adviser industry is experiencing unprecedented M&A activity as private equity firms capitalize on demographic shifts and market dynamics, according to Goldman Sachs. The opportunity is compelling: as baby boomers exit the workforce over the next few decades they are expected to transfer as much as $124 trillion in assets to their heirs. At the same time one-third of RIA advisers, currently managing approximately 40% of industry assets, plan to retire within the next decade, according to data from Cerulli Associates cited by Goldman. Meanwhile those assets under management are growing, rising 16.4% in 2024 from 2023, with wealth increasingly concentrated among the largest RIA firms. Those new, younger advisers, however, lack the capital to acquire most practices, Goldman said, and private equity has responded aggressively. “PE firms tend to love these industry dynamics, growing total addressable markets with a clear need for consolidation and efficiency,” said Kyle VanFleet, co-head of asset management investment banking at Goldman. RIA M&A transactions surged 18% year-over-year in 2025, marking the most active period in the sector’s history, and as of July 2025, there were 295 PE-backed RIAs, up 16% from 2024. Bain Capital b...
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit increased by less than expected in the month of February.
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit increased by less than expected in the month of February.
In the video above, Carson Group's chief market strategist, Ryan Detrick, chats with Yahoo Finance's Josh Lipton and Jared Blikre about what he says is the "message of the market" (^DJI, ^GSPC, ^IXIC) and the "dual tailwinds" that are driving the bull market, even amid recent oil (CL=F, BZ=F) price volatility.
In the video above, Carson Group's chief market strategist, Ryan Detrick, chats with Yahoo Finance's Josh Lipton and Jared Blikre about what he says is the "message of the market" (^DJI, ^GSPC, ^IXIC) and the "dual tailwinds" that are driving the bull market, even amid recent oil (CL=F, BZ=F) price volatility.
Employees and early investors in French health-care startup Doctolib have sold shares in the company worth about €300 million ($345 million), the company said. The secondary share sale values Doctolib at €3.6 billion, according to a person familiar with the matter, a steep discount compared to its last disclosed valuation of €5.8 billion in 2022 following an equity raise. The valuation drop is lik...
Employees and early investors in French health-care startup Doctolib have sold shares in the company worth about €300 million ($345 million), the company said. The secondary share sale values Doctolib at €3.6 billion, according to a person familiar with the matter, a steep discount compared to its last disclosed valuation of €5.8 billion in 2022 following an equity raise. The valuation drop is likely due to a mix of factors. Such tender offers are an increasingly popular tactic for well-established startups to reward long-time workers who hold stock, and to return money to investors looking for liquidity. Shares in such secondary transactions are sometimes sold at a discount. Doctolib’s earlier, higher valuation may also have been helped by investor enthusiasm for such health care ventures during and after the Covid-19 pandemic, when the startup helped roll out vaccines in France. This was a “small secondary round,” a representative for Doctolib said in a statement, with the goal of providing cash to its angel investors and long-term employees. The valuation drop reflects “broader tech market normalization,” the spokesperson said. The tech heavy Nasdaq index has dropped more than 7% this year. The share sale brings in new investors including family office ATHOS KG , health-care investor GenIM, and Denmark’s A.P Moller Foundation, among others. Doctolib, founded in 2013, handles administrative work for doctors and medical workers and has become a staple for French patients to book appointments. The service is free for patients and doctors pay a monthly subscription fee starting at €139 to use the core products. The full suite of products and services can cost up to €500 per month. The company flourished during Covid-19 when telemedicine became the norm. The company has raised $841.51 million to date and counts General Atlantic , Eurazeo , Accel and Bpifrance as some of its investors. The company said it reached €422 million of annual recurring revenue last year, a me...
jetcityimage/iStock Editorial via Getty Images Jefferies banged the table on Thursday that Ollie's Bargain Outlet Holdings ( OLLI ) is an attractive stock. The firm moved to a Buy rating on Ollie's ( OLLI ) after having it set at Hold. Analyst Randal Konik noted that investors are not appreciating that Ollie's ( OLLI ) scale advantages are real and showing up in results. He also noted that closeou...
jetcityimage/iStock Editorial via Getty Images Jefferies banged the table on Thursday that Ollie's Bargain Outlet Holdings ( OLLI ) is an attractive stock. The firm moved to a Buy rating on Ollie's ( OLLI ) after having it set at Hold. Analyst Randal Konik noted that investors are not appreciating that Ollie's ( OLLI ) scale advantages are real and showing up in results. He also noted that closeout supply is structurally supported, which is a positive for retailer. Konik and his team think one of the biggest reasons to buy Ollie's ( OLLI ) is that there is no real competitor of national scale. "OLLI is now the only closeout retailer with true national reach and distribution. With ~645 stores versus ~159 for the next closest competitor and twice as many DCs, OLLI dominates mixed and clearance inventory that others cannot efficiently absorb. Vendors increasingly prioritize certainty of execution, pushing more volume toward OLLI and away from smaller regional players," updated Konik In terms of valuation, despite improved fundamentals, OLLI was noted to be trading near the low end of its historical range and at a ~6X to 7X P/E discount to Five Below ( FIVE ) vs. ~1X historically. Jefferies has a price target of $130 on OLLI to represent more than 40% upside potential. Shares of Ollie's ( OLLI ) moved 1.8% higher in Thursday morning trading to $92.95. The 52-week high for the stock is $141.74. Short interest stands at 7.0% of the total float. More on Ollie's Bargain Outlet Ollie's Bargain Outlet Holdings, Inc. (OLLI) Q4 2025 Earnings Call Transcript Ollie's Bargain Outlet Holdings: A Great Business At A Lofty Price Ollie's Bargain Outlet: Solid 2026 Outlook, Attractive Valuation Ollie's Bargain Outlet poised for double-digit earnings growth—Wells Fargo Ollie's Bargain Outlet misses top-line and bottom-line estimates; introduces FY26 outlook
Whether it’s a tiered tulle skirt or a hardworking Henley tee, our fashion expert’s Easter basket is brimming with joy • The best women’s spring wardrobe updates for under £100 I am a big fan of Easter, which is an underrated holiday in my opinion: lots of joy and food, but better weather than Christmas (or at least more daylight) and less stress. So my April shopping list starts, naturally, with ...
Whether it’s a tiered tulle skirt or a hardworking Henley tee, our fashion expert’s Easter basket is brimming with joy • The best women’s spring wardrobe updates for under £100 I am a big fan of Easter, which is an underrated holiday in my opinion: lots of joy and food, but better weather than Christmas (or at least more daylight) and less stress. So my April shopping list starts, naturally, with a chocolate egg. More goodies include not one but two stormingly gorgeous new-season high-street skirts. Also, an umbrella to keep you smiling through the inevitable spring rain – and the shades you’ll want when the sun comes out. Because that’s April for you! Continue reading...
If I can trust my boyfriend with my dog, the most important thing in my life, then I guess I can trust him again with my bruised and idiotic heart Recently I got down on one knee and presented my boyfriend with some jewellery, and asked if he would commit to caring for a very long, cute, stinky boy. While this is an apt description of me, I was not asking him to marry me and I was not presenting a...
If I can trust my boyfriend with my dog, the most important thing in my life, then I guess I can trust him again with my bruised and idiotic heart Recently I got down on one knee and presented my boyfriend with some jewellery, and asked if he would commit to caring for a very long, cute, stinky boy. While this is an apt description of me, I was not asking him to marry me and I was not presenting a ring – I was asking him an even more important question: would he consent to having his phone number engraved next to mine on my long stinky dog’s collar, complete with a cute little heart tag featuring our digits? Continue reading...
The author’s father-in-law died just nine days after his cancer diagnosis, inspiring this moving and sharply observed account of his last days Novelist Sarah Perry’s memoir of her late father-in-law, David, chronicles the period from his first signs of illness, when he began to have trouble swallowing, to his diagnosis of oesophageal cancer, to his death at the age of 77 just nine days later. We f...
The author’s father-in-law died just nine days after his cancer diagnosis, inspiring this moving and sharply observed account of his last days Novelist Sarah Perry’s memoir of her late father-in-law, David, chronicles the period from his first signs of illness, when he began to have trouble swallowing, to his diagnosis of oesophageal cancer, to his death at the age of 77 just nine days later. We first meet David, a retired chemist from Norwich, on a day trip with Perry and her husband in the summer of 2022. The three of them have gone to Great Yarmouth where, seemingly in good health, David gleefully eats four hot doughnuts. She reveals him as an unassuming man who lives in a bungalow, drinks Yorkshire Tea, delights in telling bad jokes, and likes doing sudoku and watching Antiques Roadshow on TV. But right at the start, Perry notes that David’s death was only weeks away. Though his illness was mercifully short, the speed at which it progressed caught his family unawares, leaving precious little time to prepare. Continue reading...
It sounds like you are so concerned about losing him, you are considering losing yourself, writes advice columnist Eleanor Gordon-Smith. This bit is the mistake Read more Leading questions I just discovered by chance, and to my complete surprise, after more than 20 years of what I thought was a happy and faithful marriage, that my husband has had a year-long and passionate affair with an accomplis...
It sounds like you are so concerned about losing him, you are considering losing yourself, writes advice columnist Eleanor Gordon-Smith. This bit is the mistake Read more Leading questions I just discovered by chance, and to my complete surprise, after more than 20 years of what I thought was a happy and faithful marriage, that my husband has had a year-long and passionate affair with an accomplished, charming, brilliant career woman whom I also regarded as a friend. I am accomplished too, but not nearly at her level, and I am also a bit older and I have less panache than her. I don’t think I can compete with her, and in any case I feel too proud to try. Here is the thing: he says he doesn’t want to give her up, though he also says he does not want to marry her (she is in any case married though, it seems, in an open marriage). He also says he loves me and wants to remain married to me. I think if I demand he gives her up, he will end up unable to love me. I also think I will barely, or possibly not at all, be able to bear the pain of him continuing to see her. I am so unsure what to do or indeed what I can bear doing. I so don’t want to lose him. I have been deeply in love with him ever since we first met. Do I give him the world in return for half his heart? Continue reading...
Of course the vice-president is obsessed with extraterrestrials – look how bad things have gotten on Earth I can’t fault anyone for looking around at the state of things on the planet Earth and pondering the existence of aliens. Who wouldn’t want to hop on the Starship Get-Me-The-Hell-Out-Of-Here right now? It costs me a vital organ to fill up my gas tank, everyone I know is unemployed and the cas...
Of course the vice-president is obsessed with extraterrestrials – look how bad things have gotten on Earth I can’t fault anyone for looking around at the state of things on the planet Earth and pondering the existence of aliens. Who wouldn’t want to hop on the Starship Get-Me-The-Hell-Out-Of-Here right now? It costs me a vital organ to fill up my gas tank, everyone I know is unemployed and the cast of Bravo’s Summer House is crumbling before our eyes. Unfortunately, for alien observer JD Vance, he’s partially responsible for two of the three. Pretty sure the vice-president isn’t hooking up with Amanda Batula , so he’s off the hook for that one. On a recent appearance on The Benny Show, a conservative podcast you’ve never heard of, Vance outlined his “obsession” with UFOs . He might not be fully read into the current state of extraterrestrial discourse, but he does have a theory. Vance said: “I don’t think they’re aliens, I think they’re demons anyway, but that’s a longer discussion.” Dave Schilling is a Los Angeles-based writer and humorist Continue reading...
Azim Premji, Founder Chairman of Wipro, speaks during the inauguration of the Wipro Hydraulic Plant in Jaipur, Rajasthan, India, on Aug. 22, 2024. Vishal Bhatnagar | Nurphoto | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your in...
Azim Premji, Founder Chairman of Wipro, speaks during the inauguration of the Wipro Hydraulic Plant in Jaipur, Rajasthan, India, on Aug. 22, 2024. Vishal Bhatnagar | Nurphoto | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of ultra-wealthy families dialed back their deal-making in March as the Iran conflict rattled the market. Family offices made 39 direct investments in companies last month, a 25% drop from February when adjusted for month length, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. That said, the family offices that are still inking deals are making bold bets. A quarter of last month's investments were part of mega-rounds, or fundraises in excess of $100 million, according to Fintrx. In March, Jeff Bezos ' namesake family office co-led a $1.03 billion seed round for Advanced Machine Intelligence . Also known as AMI Labs, the new startup is training artificial intelligence models on real-world sensory data, rather than text. Other boldface-name billionaires such as ex-Google CEO Eric Schmidt and serial entrepreneur Mark Cuban also participated in the fundraise. This trend of making fewer but larger deals is also playing out with corporate investors. This past quarter, the total value of global mergers and acquisitions activity rose by 26% compared with the same quarter last year to $1.2 trillion, but the number of deals fell by 17%, according to data from LSEG. The second week of March was the worst week for global M&A in over a year, falling below $33 billion, LSEG found. However, some family offices continue to be prolific dealmakers. In March, Indian billionaire Azim Premji's family office made at least four direct investments in companies, according to Fintrx. Premji Invest's largest round, which it also ...