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News
Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance
1+ week, 6+ day ago (278+ words) USI Insurance is currently backed by private equity firm KKR, which took a majority stake in the company in 2017. A completed sale at the reported valuation would give KKR and other investors an exit from a business that has expanded…...
Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending
2+ week, 7+ hour ago (374+ words) Okta shares climbed roughly 20% and CrowdStrike advanced about 15% on August 27, leading a broad cybersecurity rally after both companies posted quarterly earnings that beat expectations and lifted technology stocks heading into the new trading session. The gains came as customers accelerate…...
Bank of America Says Buy Affirm Despite Modest Growth Guidance
2+ week, 8+ hour ago (356+ words) Affirm Holdings drew a fresh vote of confidence from Bank of America on Thursday, with analysts arguing the buy now, pay later lender could climb even after issuing only a slight upgrade to its near-term growth outlook. The endorsement followed…...
Druckenmiller Warns Bessent Will Lose Battle to Suppress US Bond Yields
2+ week, 4+ day ago (393+ words) Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent during their years together at George Soros’s fund in the 1990s, warned on August 25 that his former pupil is courting danger by trying to hold down America’s borrowing costs. The rebuke lands…...