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Soho House (NYSE:SHCO) has agreed to a $2.7 billion deal to return to private ownership, four years after the global network of private members' clubs went public on the New York Stock Exchange. Under the terms of the agreement, a group of investors led by US-based MCR Hotels and its chairman and CEO Tyler Morse will acquire outstanding shares not held by certain major shareholders.
The artificial intelligence (AI) industry has two people who are viewed as its leaders. One of these is Jensen Huang, the leader of dominant AI chip maker Nvidia Corp. (NASDAQ: NVDA). The other is Sam Altman, leader of AI company OpenAI. Altman recently said the industry is in a high-risk bubble. 24/7 Wall St. Key Points OpenAI’s Sam Altman warns of an artificial intelligence (AI) bubble. Big tech stocks like Microsoft Corp. (NASDAQ: MSFT) could collapse if Altman is correct. Take this quiz to see if you’re on track to retire. (sponsored) Altman told a group of journalists recently that AI has formed a dangerous bubble. “When bubbles happen, smart people get overexcited about a kernel of truth.” He added that AI has a remarkable future, but investors have gotten ahead of themselves. Although Altman did not say so exactly, it appears he is referring to the dot-com bubble of 1999 to 2002, according to CNBC. The Nasdaq dropped 80% over the period, and some of the most prominent co
LONDON and HERNE, Germany, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (“Apollo Funds”) have agreed to acquire a majority stake in Kelvion (or the “Company”), a leading global provider of energy efficient heat exchange and cooling solutions, from funds advised by Triton (“Triton”). Triton will maintain a minority interest in Kelvion.
OMAHA, Neb., Aug. 12, 2025 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management, announced a new national group purchasing agreement with Premier, Inc., a leading healthcare improvement company serving over two-thirds of U.S. providers. Effective September 1, 2025, the agreement enables Premier members, at their discretion, to access pre-negotiated pricing and terms for TeleVox's industry-leading solutions, including Digital Front Door, Appointment Management, Digital Care Programs, and Patient Marketing.
Strategic Investment to Accelerate Trace3's Growth and Expand Solutions Across Security, Hybrid Cloud and AI Strategic Investment to Accelerate Trace3's Growth and Expand Solutions Across Security, Hybrid Cloud and AI
I rate Apollo Global Management, Inc. a buy for long-term capital appreciation, citing its record Q2 results and exceptional business model. Apollo's unique strengths, including retirement services and alternative asset management, position it for continued growth and market outperformance. Regulatory changes allowing alternatives in retirement accounts could be a massive catalyst, while risks include macroeconomic downturns and regulatory delays.
NEW YORK and DALLAS, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have agreed to acquire a majority interest in Stream Data Centers (“SDC” or the “Company”) from Stream Realty Partners (“SRP”). With Apollo's backing, SDC is positioned to execute on a multi-gigawatt pipeline while enabling Apollo Funds and affiliates to potentially deploy billions of dollars into next-generation digital infrastructure.
The headline numbers for Apollo Global Management (APO) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2025.
APO's expenses are expected to have risen in Q2, but growing AUM and higher management fees could lift earnings and revenues.