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Featured AlphaTack Intel Article
Aramco Sees Hormuz Halt Causing 100 Million-Barrel Oil Loss
Global oil markets are losing 100 million barrels every week the Strait of Hormuz is shut, compounding a supply shortage that has already made the Middle East war the most significant supply disruption ever, according to the head of Saudi Arabia’s state oil producer....
– AlphaTack Intel Articles –
Levi Slumps After Paring Its Full-Year Sales Outlook
Weakness in China, wholesale division stalls sales growth Company to explore sale, other options for Dockers brand Levi Strauss & Co.’s shares slumped after challenges abroad and declines across its home market and Dockers brand drove a cut to its full-year...
Hong Kong Brokers Swamped by ‘Once In a Century’ Stock Frenzy
Hang Seng Index has its best day in almost two years Market participants cancel holidays as frenzy picks up pace Stock brokers in Hong Kong are having one of the busiest periods in their career, with a 31-year veteran describing the city’s sudden rally as a “once in a...
Stellantis’ US Sales Plunge Again in Sign of Deepening Woe
Third-quarter total was lowest since company’s 2021 merger CEO Tavares is struggling with weak demand, dealer unrest Stellantis NV’s US sales plunged 20% last quarter — the fifth consecutive decline — as the beleaguered automaker struggled to tame bloated inventories...
Asset Managers Broaden Access to Private Markets
BlackRock and State Street Global Advisors have announced initiatives to widen investor access to private markets, as an additional $1 trillion in retail assets could be invested in alternatives over the next five years. Henry McVey, chief investment officer of KKR’s...
Apollo Projects $10 Billion of Annual Earnings in Five Years
Firm expects to oversee $1.5 trillion of assets by 2029 Alternative asset manager reveals figures on investor day Apollo Global Management Inc. expects to generate $10 billion of annual earnings across its asset management and retirement businesses by 2029, driven by...
Chile’s Economic Activity Disappoints, Supporting Rate Cuts
Activity contracts 0.2% on month, rises 2.3% on year in August Central bank cutting key rate to steady uneven activity Chile’s economic activity unexpectedly contracted in August on a decline in services, corroborating the central bank’s message that more interest...