Since coming public in 2007, Meta hasn't had a quarterly sales decrease year over year. Yet, revenue for the second quarter was $28.82 billion, down 1% from $29.07 billion in the second quarter of 2021.
Go Deeper (2 min read)First Came The Fires, Then The Defaults Paradise, which was devastated by wildfires in 2018 [https://www.nist.gov/news-events/news/2021/02/new-timeline-deadliest-california-wildfire-could-guide-lifesaving-research] , recently informed bondholders that no assurances can be given [https://www.wsj.com/articles/paradise-the-wildfire-ravaged-california-town-warns-of-municipal-bond-default-11658493581?mod=markets_major_pos13] that it will repay the $5 million
Go Deeper (3 min read)Founded in 1990, Apollo is a high-growth, global alternative asset manager with a focus on three investing strategies: yield, hybrid and equity. The company has a flexible mandate in many of the funds it manages which enables it to invest opportunistically across a company’s capital structure.
Go Deeper (8 min read)At this week's Farnborough Airshow, Boeing released big order announcements from Delta Airlines and other carriers for its troubled 737 MAX jet. Rival Airbus added to its A320neo order book with orders from EasyJet and a mega-order for almost 300 jets from Chinese airlines.
Go Deeper (2 min read)On the political side, some European countries are turning themselves into the poster child of what happens when growth is low for several years, debt rises and social policies take a more important place on the agenda than economic progress
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Private equity firms have heaps of capital at their disposal but rising financing costs now makes it increasingly difficult to close acquisitions. Software had been a particularly hot sector before the slump due to its consistent cash flows.
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Waters Corporation, based in Milford, Massachusetts, is a publicly traded analytical laboratory instrument and software firm. It employs more than 7,800 people and it is present in more than 35 countries including Singapore, India, Germany, and Japan.
Go Deeper (7 min read)Cobalt, nickel, and lithium, which are all essential for the manufacturing of batteries of EVs, are leading the cost increase in the average raw material costs for EVs.
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No one knows the extent to which higher rates could cool inflation and some investors are concerned that if the Fed raises rates too quickly or by too much, the economy may enter a recession.
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Rising interest rates, high inflation, and economic uncertainty have all had an impact on tech valuations, but not so much in enterprise software. According to CIOs, demand is stable as firms continue to realign themselves around cloud computing and data.
Go Deeper (2 min read)During the pandemic, hedge funds managers have been allowed more flexibility to purchase difficult to value and illiquid assest. In some cases, money managers used leverage to increase exposure and profits.
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