Leonardo Maria del Vecchio attends the amfAR Gala Venezia 2023 presented by Mastercard and Red Sea International Film Festival on September 03, 2023 in Venice, Italy. Kristy Sparow | Getty Images Entertainment | 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 f...
Leonardo Maria del Vecchio attends the amfAR Gala Venezia 2023 presented by Mastercard and Red Sea International Film Festival on September 03, 2023 in Venice, Italy. Kristy Sparow | Getty Images Entertainment | 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. Wall Street advisors were kept busy in December — from the Warner Bros. Discovery bidding war to Trump Media's $6 billion merger with a nuclear fusion company. However, private investment firms of ultra-rich families were in no rush to ink deals before the year-end. In December, family offices made 35 direct investments in companies, down about 62% on an annual basis, according to data provided exclusively to CNBC by private wealth platform Fintrx. The results capped off a subdued year for family office dealmaking, as firms dialed back their direct bets in light of tariff uncertainty and geopolitical conflict. Even so, millennial and Gen X heirs are continuing to make their mark through their family offices. Get Inside Wealth directly to your inbox The Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them. Subscribe here to get access today . Motier Ventures, one of the most active family offices per Fintrx's data, was founded by Guillaume Houzé, the 44-year-old, fifth-generation heir to French department store chain Galeries Lafayette. The French firm, known for its tech-heavy portfolio, joined a 7.2 million euro ($8.5 million) seed round for blood testing startup Lucis in December. Next-gen heirs frequently invest outside the industries that created their family fortunes. Last month billionaire eyewear heir Leonardo Maria Del Vecchio acquired 30% of Italian right-wing news outlet Il Giornale through the newly established media division of his family office, LMDV ...
Financial markets veteran Jens Nordvig — a top-ranked currency strategist for much of his career — is selling Exante Data Inc. to research firm Vanda and will become president of the combined company, he said. Nordvig founded Exante in 2016 to track global money flows. He’s selling the firm to Vanda, a provider of positioning data and “tactical macro insights over a 0-3 month horizon” founded in 2...
Financial markets veteran Jens Nordvig — a top-ranked currency strategist for much of his career — is selling Exante Data Inc. to research firm Vanda and will become president of the combined company, he said. Nordvig founded Exante in 2016 to track global money flows. He’s selling the firm to Vanda, a provider of positioning data and “tactical macro insights over a 0-3 month horizon” founded in 2012, according to its website. Nordvig also will join Vanda’s board of directors after the merger. Terms are not being disclosed. Exante’s clients are among the largest institutional risk-takers globally in fixed-income, currency and commodities, according to Nordvig. Initial clients included US Treasury Secretary Scott Bessent, who at the time ran Key Square, a hedge fund he founded. Nordvig founded Exante after a Wall Street career that included almost a decade at Goldman Sachs Group Inc., where he was co-head of global currency research, a brief stint at Bridgewater Associates and several years at Nomura Holdings Inc. Financing for the acquisition is being provided by FPE Capital LLP, a UK private equity firm, and Santander UK Plc.
MILWAUKEE, January 08, 2026--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced a strategic collaboration with Microsoft to accelerate innovation by further embedding AI into Fiserv development platforms and empowering its global workforce with AI. The collaboration will boost internal productivity at Fiserv and deliver AI-driven s...
MILWAUKEE, January 08, 2026--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced a strategic collaboration with Microsoft to accelerate innovation by further embedding AI into Fiserv development platforms and empowering its global workforce with AI. The collaboration will boost internal productivity at Fiserv and deliver AI-driven solutions that create greater value for Fiserv clients, including financial institutions, businesses,
At CES 2026, Intel (NASDAQ: INTC) officially launched its Panther Lake family of PC CPUs under the Intel Core Ultra Series 3 branding. There are more than 200 PC designs in the works from partners, and Intel is also positioning Panther Lake for embedded and industrial use cases, including robotics and automation. This is not a run-of-the-mill product launch from Intel. With the company still worki...
At CES 2026, Intel (NASDAQ: INTC) officially launched its Panther Lake family of PC CPUs under the Intel Core Ultra Series 3 branding. There are more than 200 PC designs in the works from partners, and Intel is also positioning Panther Lake for embedded and industrial use cases, including robotics and automation. This is not a run-of-the-mill product launch from Intel. With the company still working on a multi-year turnaround effort, Panther Lake's success is absolutely critical to Intel's future. Here's why. Image source: Intel. Continue reading
The Trump administration’s decision to quit two major climate bodies has been labeled “a gift” to China that will diminish the US’s global standing and hurt the world’s ability to fight global warming. Today’s newsletter looks at the implications of the planned US exit from the Intergovernmental Panel on Climate Change and the UN Framework Convention on Climate Change. Meanwhile in India, prominen...
The Trump administration’s decision to quit two major climate bodies has been labeled “a gift” to China that will diminish the US’s global standing and hurt the world’s ability to fight global warming. Today’s newsletter looks at the implications of the planned US exit from the Intergovernmental Panel on Climate Change and the UN Framework Convention on Climate Change. Meanwhile in India, prominent activist Harjeet Singh is being investigated for allegedly using foreign funds to further an anti-fossil fuel agenda. And in the streets of New York, chefs are using food scraps to lower rising food costs , driven by tariffs and climate change. Subscribe to Green Daily for free climate reads six days a week, straight into your inbox. Trump’s latest blow to climate By David Stringer and Jennifer A. Dlouhy President Donald Trump extended the US retreat from global cooperation on climate action by signaling a withdrawal from flagship international organizations , including the main United Nations and scientific bodies focused on the issue. The Intergovernmental Panel on Climate Change and the UN Framework Convention on Climate Change are among a total of 66 groups the US will exit , spanning multiple sectors. The climate moves are seen as likely to diminish the US role in addressing greenhouse gas emissions, and significantly limit the global influence of those entities. Trump’s actions are in line with his domestic policy changes aimed at removing curbs on pollution and fossil fuels, and follow a decision in January 2025 to begin a year-long process to quit the Paris Agreement, the binding 2015 accord to combat global warming. He made a similar decision during his first term in office. The move is a “gift to China and a get out of jail free card to countries and polluters who want to avoid responsibility,” said John Kerry, a former US secretary of state and special presidential envoy for climate during the Biden administration. “It’s another self-inflicted wound on the worl...
AVTR looks worth holding as its broad portfolio, strategic deals and cost savings offset Lab Solutions' weakness for now with AI tools and strong cash flow.
AVTR looks worth holding as its broad portfolio, strategic deals and cost savings offset Lab Solutions' weakness for now with AI tools and strong cash flow.
Futures Drop After Latest Trump Headline Vortex, Silver Slides Ahead Of Index Rebalance US futures are lower as New Year optimism gives way to jitters about the economy and geopolitics with attention turning to tomorrow's NFP report. Traders are also trying to make sense of Trump’s latest edicts on defense and corporate landlords, with a vortex of headlines making things feel more unpredictable th...
Futures Drop After Latest Trump Headline Vortex, Silver Slides Ahead Of Index Rebalance US futures are lower as New Year optimism gives way to jitters about the economy and geopolitics with attention turning to tomorrow's NFP report. Traders are also trying to make sense of Trump’s latest edicts on defense and corporate landlords, with a vortex of headlines making things feel more unpredictable than usual. As of 8:00am ET, S&P 500 futures drop 0.2% with Nasdaq 100 contracts -0.3% with tech names leading declines amid profit-taking on artificial-intelligence trade but off the day’s lows after a report that China is to approve some Nvidia H200 purchases as soon as this quarter. In premarket trading, Mag7 names mixed but net higher as Semis are weaker. Defense stocks are up after Trump demanded a $500 billion boost to annual defense spending. That followed an edict that major defense contractors that work with the government must end stock buybacks and dividends until they invest more in factories and research. Corporate landlords are also in the spotlight after Trump pledged on Wednesday to stop institutional investors buying more homes, with Blackstone closing 5.6% lower. Energy, Industrials, and Staples the leading sectors as the yield curve twists steeper and the USD has a slight bid. Key overnight headlines were that China is looking for new oil sources, and China will approve some NVDA H200 chips. In commodities, crude is higher while Ags and Precious Metals are sold. Silver investors brace for an annual rebalancing of commodity indexes that could see futures contracts worth billions of dollars sold in the next few days. Today’s macro data focus is on jobless claims and the Challenger Job Cuts report, the latter showing a decline in job cuts as December hiring picks up. US economic calendar includes 3Q preliminary nonfarm productivity, weekly jobless claims and October trade balance (8:30am), wholesale inventories (10am), December NY Fed 1-year inflation expectat...
(RTTNews) - Charles River Laboratories International, Inc. (CRL) announced that James C. Foster, Chair, President, and CEO, plans to retire, effective on May 5, 2026. The Board has unanimously appointed Birgit Girshick, current Executive Vice President and COO, as the next CEO.
(RTTNews) - Charles River Laboratories International, Inc. (CRL) announced that James C. Foster, Chair, President, and CEO, plans to retire, effective on May 5, 2026. The Board has unanimously appointed Birgit Girshick, current Executive Vice President and COO, as the next CEO.
Fast Retailing said profit increased across regions and played down concerns about the possible impact of Japan-China tensions on its apparel business.
Fast Retailing said profit increased across regions and played down concerns about the possible impact of Japan-China tensions on its apparel business.