Thomas H. Lee Partners’ Scott Sperling said the Boston-based buyout firm has zeroed in on secular-growth drivers to help circumvent a downturn even if its portfolio companies take a revenue hit in a looming recession.
BlackRock Inc. Chief Executive Officer Larry Fink said artificial intelligence has tremendous potential to boost productivity and may ultimately be the technology that can tamp down inflation.
SoFi Technologies Inc. is rising for a ninth straight day, as optimism over plans to restart student loan payments has yielded a record run of gains.
Bicycle Capital is targeting a $500 million fund.Â
A trader accused of stealing $110 million in 20 minutes by scamming the Mango Markets cryptocurrency exchange will face a criminal trial in New York on Dec. 4.
Fintech startups in Africa will probably hit pause on raising capital for about 18 months to avoid lower valuations amid rising interest rates and high inflation, said Aubrey Hruby, an investor in the continent’s startups and co-founder of Insider and Tofino Capital.
French luxury goods group LVMH Moet Hennessy Louis Vuitton SE has paired up with Epic Games Inc., creator of Fortnite, to draw in customers with fitting rooms and fashion shows in virtual worlds.
A delisting from the US Big Board often marks the end of a company’s traction with big investors. For Didi Global Inc., the story couldn’t be more different.
The technology is designed to help shoppers find the right travel destinations and clothes that better fit their bodiesÂ
This time last year, hardly anyone in the US knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.
