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Monthly Archives: June 2017

Wall Street just created the largest buyout fund ever

SeongJoon Cho | Bloomberg | Getty Images Leon Black, chairman and chief executive officer of Apollo Global Management LLC Apollo Global Management has raised $23.5 billion, creating the largest buyout fund ever. On Tuesday, Dow Jones reported, citing sources, that Apollo will soon close the fund. The private equity firm …

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First Public Showing of Monet, Rodin and Maillols From Gurlitt Trove

Until now, only four restituted works have been publicly viewed. The remaining works, from Mr. Gurlitt’s Munich apartment and summer home in Salzburg, Austria, have been displayed only in photographs or through a lost art database. Photo Rein Wolfs, director of the Bundeskunsthalle in Bonn, Germany. Credit Albrecht Fuchs for …

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US considering broad-scale measures to fight steel dumping: Wilbur Ross

Patrick T. Fallon | Bloomberg | Getty Images Wilbur Ross, U.S. secretary of commerce, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. The United States might have no choice but to resort to “broad-scale” measures to fight the problem of steel …

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Marc Benioff says he’s been most aggressive with Trump over pursuit of an ‘apprenticeship moonshot’

Andrew Harrer | Bloomberg | Getty Images Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., center, arrives to a news conference with U.S. President Donald Trump and Angela Merkel, Germany’s chancellor, not pictured, in the East Room of the White House in Washington, D.C., U.S., on Friday, March …

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Newport Festival — for Art, Not Music — Draws George Condo and More

Photo The first Art & Newport festival will include seven George Condo paintings in a show that he is calling “The Newport Sexx Festival.” Newport, R.I., has long been famous for its music festivals. But public art there has been less abundant. Dodie Kazanjian, a native of that city who …

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Nvidia to launch graphics cards specifically designed for digital currency mining

Nvidia, the market’s best-performing stock, is going to launch graphics cards specifically designed for cryptocurrency mining through its partners. Product listings for Nvidia-based and AMD-based cryptocurrency mining cards recently appeared on the website of ASUS, a leading maker of graphics cards. “ASUS Mining P106 is designed for coin mining with …

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Saudi and OPEC oil exports this month spell trouble for crude prices

After a brief drop in Saudi oil exports in April and May, June crude loadings appear to be back on the rise, according to tanker tracking firm ClipperData. That could spell trouble for the oil market, which is eager to see OPEC production cuts translate into fewer barrels being sent …

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Oil prices may have finally hit bottom as hedge funds thrown in towel

That further shrank the ratio of long to short positions, which had blown out earlier this year after money managers piled into the bull trade as OPEC began cutting its oil output in a bid to shrink global crude stockpiles and stabilize prices. The ratio now stands at roughly 2-to-1, …

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cyberattack epidemic is coming says expert John Carlin

Valentyn Ogirenko | Reuters An employee sits next to an out-of-order terminal at a branch of Ukraine’s state-owned bank Oschadbank, after Ukrainian institutions were hit by a wave of cyber attacks earlier in the day, in Kiev, Ukraine, June 27, 2017. Ukraine was hit hard, with serious intrusions at its …

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Senate will delay vote on health-care bill until after July 4

Tom Williams | CQ Roll Call | Getty Images Senate Majority Leader Mitch McConnell, R-Ky., right, and Vice President Mike Pence make their way to the Senate Policy luncheon in the Capitol on June 27, 2017. Senate Republicans will delay a vote on their Obamacare replacement bill until after July …

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