Finance

Ariel expands into new fields as an industry pioneer and force for change

Ariel expands into new fields as an industry pioneer and force for change

2 Comments / Business, Finance /

John Rogers, the founder of Ariel Investments, speaks during an August 2017 interview. The Chicago-based firm was the first Black-owned money manager at the time of its launch in 1983. Image: Bloomberg News A trailblazing money manager is embarking on new territory for the firm while driving Congressional scrutiny into the largest fund firms’ racial […]

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Visualising Apple’s $3 trillion market valuation

Visualising Apple’s $3 trillion market valuation

1 Comment / Tech, Business, Finance /

It took just 17 months for Apple Inc’s stock market valuation to surge from $2 trillion to $3 trillion. Shares of the iPhone maker briefly hit $182.88 during trading on Monday – enough to secure Apple the coveted crown of becoming the first publicly traded company on the planet to cross the $3 trillion market capitalisation mark.

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SHARON BOWEN BECOMES FIRST BLACK WOMAN TO CHAIR MASSIVE NYSE BOARD

SHARON BOWEN BECOMES FIRST BLACK WOMAN TO CHAIR MASSIVE NYSE BOARD

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Sharon Bowen has been named board chair of the New York Stock Exchange (NYSE), making her the first Black woman to gain that prominent role.
Also called the “Big Board,” the NYSE calls itself the world’s largest stock exchange. A deep-rooted Wall Street fixture, it reportedly has a combined capitalization of $36 trillion and 2,400 listed companies.

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The Apple Car Is Coming and Tesla Had Better Watch Out

The Apple Car Is Coming and Tesla Had Better Watch Out

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The Apple Car Is Coming and Tesla Had Better Watch Out (Bloomberg) — Apple Inc. venturing into cars might shake up the electric vehicles market in the same way the iPhone revolutionized the mobile communications industry in 2007. So says Morgan Stanley. The world’s biggest company by market value plans to launch a car with

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Blackstone posts highest profit yet, powered by growth-equity and SPAC deals

Blackstone posts highest profit yet, powered by growth-equity and SPAC deals

5 Comments / Finance, Business /

Stephen Schwarzman’s Blackstone saw its private equity portfolio appreciate more than 15% in Q1 2021. (John Moore/Getty Images) Since Blackstone launched in 1985 with $400,000 in seed money, the asset manager has expanded from traditional buyouts to the credit markets, real estate and more.  But on Thursday, those strategies were upstaged by wins from Blackstone’s more recent

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