Carlyle Group Posts Lower 3Q Revenue

Carlyle Group reported a sharp drop in third-quarter revenue, reflecting the sluggish pace of dealmaking. The investment firm posted a profit of $81.3 million, or 22 cents a share, down from $280.8 million, or 77 cents a share, in the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Granite Creek Capital Raises $300 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

Taylor Swift’s ‘1989’ Re-Do Tops Original’s First-Week Sales

Taylor Swift’s rerecording of her blockbuster “1989” album sold more copies in its first week than the original following its 2014 debut, the first time one of the pop star’s re-dos has topped her first takes.  “1989 (Taylor’s Version)” sold 1.65 million copies across formats in the U.S., according to Luminate Data, formerly Nielsen Music. … Read more

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ET HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related … Read more

Amazon’s Profit Triples as Sales Show Resilience Leading Into Holidays

Amazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company continue its rebound from post-pandemic lows. The company’s sales increased by 13% to $143.1 billion for its third quarter, beating Wall Street expectations. Profit was $9.9 billion, more than triple … Read more

Google’s Cloud Sales Disappoint as Advertising Rebounds

Updated Oct. 24, 2023 6:08 pm ET Google reported its strongest business growth in more than a year but disappointed investors with relatively weak cloud-computing sales, delivering a mixed picture as it continues to wrestle with competitors developing artificial-intelligence tools. Google’s parent company Alphabet reported third-quarter revenue of $77 billion Tuesday, up 11% from the same … Read more

EU New Car Sales Rose in September Driven by Hybrids, EVs

New passenger-car registrations rose in September, driven by higher sales of fully electric and hybrid-electric vehicles, the European Automobile Manufacturers’ Association said Friday. Registrations, which reflect sales, increased 9.2% to 861,062 units last month compared with a year earlier, according to the industry group, known as ACEA. This marks the EU car market’s fourteenth consecutive … Read more

SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Updated Oct. 19, 2023 7:11 pm ET WASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against Brad … Read more

Ford Considers Cutting Shift at F-150 Lightning Pickup Plant, UAW Memo Says

Updated Oct. 14, 2023 11:22 am ET Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters, according to a memo from a United Auto Workers official.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Reference

U.S. Prepares Crackdown on Russian Oil Sanctions Evasion

Treasury Secretary Janet Yellen says the U.S. is likely to start enforcing the $60-a-barrel price cap on Russian oil. Source link