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Powell Praises Latest Inflation Progress, Hints At Imminent Rate Cuts, Warns He's 'Very Worried' About Unsustainable National Debt
Monday, July 15, 2024 - 2:04pm | 731Federal Reserve Chairman Jerome Powell said Monday the last three inflation reports have bolstered the Fed’s confidence that inflation is moving toward the 2% target, which is the key condition for policymakers to initiate interest rate cuts. “We’re back to a place where inflation...
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S&P 500's Record Highs, Davos AI Debate, Strong Consumer Data And Fed Bets: This Week In The Markets
Friday, January 19, 2024 - 5:42pm | 902The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), achieved historic all-time highs during the last session of the week, marking a significant milestone following more than two years since its previous peak. Major tech stocks led the broader U.S. stock market's rebound...
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David Rubenstein Predicts 3 Fed Rate Cuts, Emphasizes Trump's Election Prospects: 'He's A Serious Political Force'
Friday, January 19, 2024 - 10:27am | 654At the World Economic Forum in Davos, David Rubenstein, co-chairman of the Carlyle Group and renowned philanthropist, offered predictions on interest rate cuts and the U.S. political landscape for 2024, including Donald Trump‘s rising prospects in the upcoming presidential election....
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Billionaire David Rubenstein Voices Confidence In Bitcoin's Endurance Amid Global Interest
Wednesday, August 9, 2023 - 9:24am | 421Billionaire David Rubenstein believes in the enduring nature of Bitcoin (CRYPTO: BTC), pointing to the "enormous interest" it garners across the globe. "There’s enormous interest around the world, and to be able to have something you can transfer without having the government...
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Billionaire David Rubenstein Regrets Not Buying Bitcoin When It Was Valued At $100: 'I Don't Think BTC Is Going Away'
Wednesday, August 9, 2023 - 8:11am | 397Billionaire David Rubenstein, on Tuesday, said Bitcoin (CRYPTO: BTC) is here to stay, as evidenced by BlackRock’s application for a spot BTC Exchange-Traded Fund (ETF). What Happened: During an interview on Bloomberg TV, Rubenstein emphasized the appeal of Bitcoin’s privacy and its...
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'Biggest Opportunity Over The Next 2 Or 3 Years': Billionaire David Rubenstein Says His Data Doesn't Show A Looming Recession — Here's What He's Watching Right Now
Tuesday, July 25, 2023 - 10:05am | 806With the U.S. Federal Reserve's substantial rate hikes in the past year, many experts have been predicting a recession. But David Rubenstein, co-founder and co-chairman of The Carlyle Group, does not share that view. "We have data on several hundred companies we own, and we look at that and we...
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Fed Chair Jerome Powell Reveals His Salary And Thinks It's Definitely Fair
Sunday, February 12, 2023 - 9:46pm | 323One of the toughest and unenviable jobs in America in recent times has been that of Federal Reserve Chairman Jerome Powell — battle decades high inflation while making sure the economy doesn't get hammered in the process. As the United States tackles rising prices, billionaire David Rubenstein, co...
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What Is McDonald's CEO Chris Kempczinski Net Worth? CEO Interview Breaks Down Competitive Advantages
Sunday, February 27, 2022 - 12:31pm | 695Since November 2019, Chris Kempczinski has served as the CEO of McDonald’s Corp (NYSE: MCD). Here is a look at his net worth, job history and what he sees as the competitive advantages for the fast-food giant going forward. Chris Kempczinski Net Worth: Kempczinski has worked with McDonald...
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Lessons From NYC's First SALT Conference On Finance, Technology, Geopolitics
Sunday, September 19, 2021 - 11:10am | 1031Why should I go? That’s the question some were likely asking themselves as SkyBridge Capital, a global investment firm, looked to bring thousands of the world’s foremost investors and thought leaders together for three days of high-level collaboration and networking. Let’s answer...
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Tesla Shares Could Gain 400% In 10 Years, According To Investor Who Once Owned 1% Of The Company
Thursday, September 16, 2021 - 10:27am | 467One of the biggest Tesla Inc (NASDAQ: TSLA) bulls and early investors in the company is doubling down with a new prediction for the stock. What Happened: Ron Baron, who heads Baron Capital Management, predicted in 2016 that Tesla would become one of the most valuable companies in the world....
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China's GDP Growth In 2018 Was Lowest Since 1990
Tuesday, January 22, 2019 - 4:34pm | 582The latest round of economic data from China showed the country's economy grew at just 6.6 percent last year, which marks the slowest pace seen since 1990. Is The Economy Contracting? Xiang Songzuo, a university professor in Beijing, estimated in December China's economy at most grew just 1...
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Delivering Alpha 2018: Everything You Need To Know
Thursday, July 19, 2018 - 8:48am | 700The Delivering Alpha 2018 conference took place Wednesday in New York, and this year’s event included a number of Wall Street heavy-hitters. Benzinga Pro reported live from Delivering Alpha all day long, and Benzinga Pro subscribers have followed all the action in real time using the keyword...
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Why Carlyle's David Rubenstein Thinks The US Can Expect A Recession In 1-3 Years
Monday, October 12, 2015 - 4:51pm | 329David Rubenstein, co-founder and co-CEO at The Carlyle Group, was an guest on Bloomberg TV's Bloomberg GO. The investor went into several issues including U.S. growth, the transformation going on in China and the unlikeliness of a 10 percent growth rate for its economy. He expects U....
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Lessons In Private Equity From David Rubenstein
Monday, July 27, 2015 - 2:53pm | 363The Carlyle Group LP (NASDAQ: CG) is arguably one of the most successful private equity and alternative asset management firm in the world today. David Rubenstein, co-founder and co-CEO of the company, was on this week's edition of Wall Street Week to discuss what private equity means to him...
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David Rubenstein Says Valuations In Some Of The Unicorns Will Come Down, 'Greatest Time To Invest In Carbon Related Energy'
Saturday, July 25, 2015 - 1:36pm | 375David Rubenstein, financier and co-founder and co-chief executive officer of The Carlyle Group LP (NASDAQ: CG), is going to be on this week's edition of Wall Street Week. In an excerpt from that interview Rubenstein is seen talking about tech valuations and whether it's the right time to...