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Why Apollo CEO Marc Rowan says the traditional investing model is ‘broken’

Why Apollo CEO Marc Rowan says the traditional investing model is ‘broken’

Business News

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. The revolution in private markets and private lending is setting the stage for a sweeping […]

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Constellation Brands shares sink as Modelo maker slashes guidance, sees Hispanic consumer decline

Constellation Brands shares sink as Modelo maker slashes guidance, sees Hispanic consumer decline

Business News

Cases of Mexican beer are seen at a supermarket in Houston, Texas, on July 15, 2025. Ronaldo Schemidt | AFP | Getty Images Constellation Brands on Tuesday slashed its full fiscal year outlook, saying a “challenging” economy is hitting its alcohol sales. The company, home to popular brands like Modelo and Corona, had previously said

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Manhattan office leasing on track to hit highest volume since 2019

Manhattan office leasing on track to hit highest volume since 2019

Business News

Alexander Spatari | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions,

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McDonald’s to expand value menu with discounted combo meals

McDonald’s to expand value menu with discounted combo meals

Business News

McDonald’s Meal Deal photographed in Washington, D.C., on Aug. 26, 2024. Scott Suchman | The Washington Post | Getty Images McDonald’s on Tuesday announced that it is expanding its value offerings in a bid to reach price-conscious diners. Starting Monday, the fast-food giant is bringing back its Extra Value Meals, which were last promoted before

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Political ad spending expected to hit new record, surpassing 2022 midterms by 20%

Political ad spending expected to hit new record, surpassing 2022 midterms by 20%

Business News

(L-R) Mikayla Newton and Katerra Jones, reporters with the Prince George’s County during a news broadcast on May 15, 2025 in Largo, MD. Michael A. McCoy | The Washington Post | Getty Images Spending on political advertisements is projected to hit a new record, with this midterm season expected to reach a total of $10.8

Political ad spending expected to hit new record, surpassing 2022 midterms by 20% Read More »

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

Business News

Taylor Swift attends the 67th GRAMMY Awards on February 02, 2025 in Los Angeles, California. Frazer Harrison | Getty Images Entertainment | Getty Images A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

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Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

Business News

The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump.  For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty-free and with less oversight. Now,

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From ‘cheap food and curry houses’ to upscale dining: The rise of Indian restaurants in the U.S.

From ‘cheap food and curry houses’ to upscale dining: The rise of Indian restaurants in the U.S.

Business News

Semma restaurant in New York, NY. Courtesy: Steven Hall Executive Chef Vikas Khanna has plated hundreds of thousands of dinners over the past 20 years — and he’s seen firsthand just how much Indian cuisine has evolved in the U.S. Khanna, a world-renowned Indian restaurateur, created Junoon, his high-end Indian restaurant in New York City,

From ‘cheap food and curry houses’ to upscale dining: The rise of Indian restaurants in the U.S. Read More »

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