Private equity firms Shore Capital Partners and Silver Lake Technology Management have partnered to create an entity that has bought and merged two chains of veterinary clinics.
Tag: U.S. economy
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GOLDMAN SACHS WINS BIG IN TRUMP RE-ELECTION
In a Trump economy characterized by reduced regulation, easier deal-making, more initial public stock offerings, and an expansion of the private credit market, investment bank Goldman Sachs is poised to win big, The Wall Street Journal reported.
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SPOTLIGHT ON U.S. INTEREST RATES
Because the U.S. economy is showing signs of strength and stability, the U.S. Federal Reserve will take its time to assess conditions before deciding when, and how quickly, to continue reducing its interest rates, Fed chair Jerome Powell said in a 14 November Dallas speech.
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ECONOMIC UPDATE—MARKET OVERVIEW
Shortly after Donald Trump won the race to the White House, the U.S. dollar spiked, hitting a new high last Wednesday.
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms Energy Capital Partners (ECP) and KKR have entered a partnership to invest a combined $50 billion to build data centers and energy supplies for them to support the widespread adoption of artificial intelligence (AI).
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SURGE IN DEMAND BOOSTS APARTMENT CONSTRUCTION
In this year’s third quarter, demand for apartments climbed to its highest level since 2021 and reversed the steady, three-year rise in vacancy rates.
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SERVICE SECTOR BUSINESS ACTIVITY STRONGEST IN MORE THAN TWO YEARS
The Institute for Supply Management’s October purchasing managers index (PMI) for the U.S. service sector climbed to 56.0 from 54.9 in September, giving it the highest rating since July 2022.
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U.S. RETAILERS SCALE BACK IMPORTS AHEAD OF HO-HUM HOLIDAY SEASON
From 1 October, 2023, through 30 September this year, U.S. companies imported roughly 155 million tons of goods shown as "Christmas" items on paperwork required to be filed on imports, Bloomberg reported.
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PRICE OF NEW CARS TOO HIGH EVEN FOR THE AFFLUENT
A growing number of upper-income Americans are dropping out of the new-car market, according to a report by Bloomberg.
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AMERICAN HOME BUYERS ARE RICHER, OLDER IN 2024
Americans who bought their first homes this year had a median household income of $97,000, up from $95,900 in 2023, according to a study by the National Association of Realtors (NAR).