HARVEY SCHWARTZ
US market today: Carlyle profit misses as asset sales fail to boost shareholder income
Global investment firm Carlyle reported lower-than-expected profit for the first quarter on Thursday, as asset sales failed to translate to income for shareholders.
Piyush Goyal engages with global business leaders in US to boost trade, investment in India
Piyush Goyal engaged with global CEOs and policymakers in the US, promoting India as a prime destination for trade and investment. Discussions spanned sectors like logistics, technology, and sustainable energy, emphasizing collaboration and innovation. Goyal is leading trade negotiations with the US to finalize a comprehensive bilateral trade agreement, accompanied by senior officials.
Musk’s xAI burns through $1 billion a month as costs pile up
Elon Musk’s xAI is burning $1 billion monthly, with plans to spend $13 billion in 2025 despite limited revenue. To stay afloat, it’s raising $9.3 billion in funding. High infrastructure costs and intense competition challenge profitability, though xAI hopes to break even by 2027.
Carlyle CEO Harvey Schwartz paid $187-million package in his first year
As per the filing, $180 million of his package is restricted stock that he received when he joined the job. These stocks vest over several years. What Schwartz, 60, eventually pockets would be a function of how long he stays in the role and how well the shares perform, the report said.
BlackRock CEO Larry Fink flies into India to meet Ambani, policymakers
First meeting between JV partners after JFS BlackRock announced $300 M asset management alliance in July. Fink is leading Wall Street money managers in what would be the biggest delegation to Dubai's Cop 28. To also attend Davos in the desert despite growing conflict in West Asia.
Goldman taps Solomon, Schwartz in big shakeup
The appointments take effect Jan. 1, when Chavez will become deputy CFO. He'll replace Schwartz when the CFO steps aside at the end of April.
- Go To Page 1
How Donald Trump’s reviving ‘Government Sachs’
At a forward price-to-earnings multiple of 12.3, some analysts think Goldman’s shares are now overvalued even though it’s below the bank’s five-year average of 13.2.
Top investment banks take harsh steps as revenue shrinks amid new regulations and gloomy outlook
Commodity revenue at the banks tracked by Coalition dropped 19% to a combined $5.2 billion amid the smallest price swings since at least 2002.
Marianne Lake to succeed Braunstein as JPMorgan's CFO
Lake has been CFO of the consumer and community banking business, offering services like banking, loans, credit cards, mortgages and wealth management.
Load More
