Business

03 Sep

The hidden gem of Home Depot’s over $22 billion of deals to boost its pro sales

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The hidden gem of Home Depot's over $22 billion of deals to boost its pro sales California-based Reflect Roofing launched its business nearly two years ago and promptly opened its first line of credit with building products supplier SRS Distribution. The $50,000 limit allowed Reflect to jumpstart its early projects. Co-owner Christy Silva told CNBC her company plans to continue using the interest-free financing option to scale the business. "A lot of their stuff is more expensive. But it's the convenience of them delivering it, accounting for what's there, and the ability to schedule with them. They're super helpful," Silva…
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03 Sep

Australia’s GDP expands more than expected; fastest pace since September 2023

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Australia's GDP expands more than expected; fastest pace since September 2023 The country's GDP grew 1.8% year over year, higher than the 1.6% expected by economists polled by Reuters . Net trade contributed modestly to growth, led by exports of mining commodities . Inflation in Australia came in at 2.1% in second quarter, its lowest since March 2021 . Read full story: Source
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03 Sep

Apple shares rise after judge rules Google can continue preload deals in antitrust case

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Apple shares rise after judge rules Google can continue preload deals in antitrust case A federal judge ruled that Google may continue making payments to preload Google Search onto the iPhone . Apple shares rose more than 3% in extended trading after the ruling . The U.S. Department of Justice filed its suit against Google in 2020, alleging that Google kept its share of the general search market by erecting strong barriers . Read full story: Source
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03 Sep

Google stock jumps 8% after search giant avoids worst-case penalties in antitrust case

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Google stock jumps 8% after search giant avoids worst-case penalties in antitrust case Google was found to hold an illegal monopoly in its core market of internet search . Judge Amit Mehta ruled against the most severe consequences that were proposed by the Department of Justice . The parties to meet by Sept. 10 for the final judgment . Read full story: Source
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02 Sep

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

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Why Apollo CEO Marc Rowan says the traditional investing model is ‘broken’ Investors seeking diversification will need to start turning to the rapidly expanding private markets, Apollo Global CEO Marc Rowan says . Rowan and Apollo are at the forefront of a tectonic shift in the investing landscape . Apollo, Blackstone and KKR together now have more than $2.6 trillion of assets under management, more than quadruple what they held a decade ago . Read full story: Source
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02 Sep

Alternative asset manager Blue Owl is playing to a broader investor audience as private markets go mainstream

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Alternative asset manager Blue Owl is playing to a broader investor audience as private markets go mainstream Alternative asset management firm Blue Owl Capital is sponsoring tennis player Taylor Townsend . It's part of a broader effort to bring alternative asset managers out of obscurity . Brand awareness is a relatively new concept for the 50-year-old world of alternative assets . Read full story: Source
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02 Sep

There’s a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say

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There's a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say For 2025, you qualify for the 0% long-term capital gains rate if your taxable income is $48,350 or less for single filers . You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income . If you sell investments, those gains count toward taxable income for the bracket . Read full story: Source
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