U.S. appeals court rejects SEC oversight rule for private equity, hedge funds
A U.S. appeals court rejected a Securities and Exchange Commission rule intended to give investors more transparency into private funds,…
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall
Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from…
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness…
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial…
Citadel Securities and BlackRock back project to start a national stock exchange in Texas
BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.…
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
AMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and…
The best banks in the Asia-Pacific region, according to customers
SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing…
