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The Latest Breaking News from Apollo

Apollo's Torsten Slok Says AI Capex Boom Is Growing Nearly Twice as Fast as the Mid-2000s Housing Bubble

The expansion of artificial intelligence (AI) infrastructure is accelerating at an unprecedented rate. According to a recent analysis, data-center investment growth is “building at close to twice the pace” of the mid-2000s housing boom. This breakneck speed presents a severe macroeconomic threat if AI demand falters and triggers a sudden…

Benzinga

EasyJet to be sold to US private-equity firm in £5.7bn deal

Apollo pledges not to cut jobs for at least a year

The Independent UK

Hackers targeted US private equity, other firms including Blackstone, CME, data shows

The data shows the hackers devised websites aimed at stealing passwords from employees of private equity firms and companies including Blackstone, Bridgewater Associates, Apollo Global Management, Bain Capital, KKR, TPG, CME Group and Moody's, as well as a host of financial companies and other businesses. Internet company Google said in…

The Economic Times

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EasyJet agrees to £5.7bn takeover by US private equity firm

Airline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks away

The Guardian - UK

EasyJet set for £5.7bn Apollo takeover after rival bidder walks away

The move will see the US firm, which also owns Wagamama-owner The Restaurant Group, pay shareholders 715p per share for the business.

Evening Standard

SpaceX’s Falcon 9 wasn't the first rocket to crash into the moon. Here's a rundown

The SpaceX Falcon 9 rocket upper stage that collided with the moon on Wednesday (Aug. 5), was just the latest in a line of energetic lunar touchdowns.

Space

Dear Quantinuum Stock Fans, Mark Your Calendars for August 11

Quantinuum is about to deliver its first public earnings report, which could determine its growth trajectory.

Barchart

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Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store

Just like other CEOs, Marc Rowan, the cofounder of Apollo Global Management, says “you have to take something away from” ordinary jobs.

Fortune

Who Owns Wrexham? Inside the Club's Ownership Structure, Investors

The Red Dragons have enjoyed a remarkable rise under the ownership of Rob Mac and Ryan Reynolds.

Sports Illustrated

From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer

Ken Griffin helps fund Pochettino through 2030, KKR backs MLS's development league, and the new MLS commissioner is an Apollo veteran.

Fortune

Apollo: Private Markets' Next Growth Phase Just Beginning as AI, Retirement, Investment-Grade Credit Expand Market

Apollo Global Management (NYSE:APO) says the private markets industry is entering a new phase of growth that extends well beyond traditional private equity and direct lending, as demand for artificial intelligence infrastructure financing, investment-grade private credit and retirement products reshapes the sector.

Benzinga

Apollo Global debt deal fees and insurance earnings rise, asset sales drag

Apollo Global Management has posted unprecedented fees from its lending and insurance sectors, though asset sales fell short, resulting in a stock price decline. The company wisely postponed certain divestitures in response to market conditions, while notching up quarterly records in both fee-related and spread earnings. With an upcoming focus…

The Economic Times

A discarded SpaceX rocket is on a high-speed collision course with the moon

Its trajectory underscores a growing concern about the increasing amount of debris in Earth's orbit and beyond

The Independent UK

Apollo President: America’s industrial comeback requires a new financial playbook and a fatter checkbook

The most important financial story of the next decade is not the rise of private credit, but the return of capital intensity we haven't seen in decades.

Fortune

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Fortune

Nearly a third of workers admit to sabotaging their company's AI—and smaller paychecks may explain why

As surveys document quiet resistance and outright sabotage, Apollo's Torsten Slok offers a theory: AI is compressing wages while leaving job counts intact.

The Times of India

In 1986, Czech conservationists brought the Apollo butterfly back; its population crossed 2,000 before an overgrown habitat pushed it towards collapse again

Czech conservationists revived the Apollo butterfly population in 1986. The species population grew beyond two thousand individuals, showing conservation success. However, habitat succession later reduced essential sunlight and open conditions. This overgrown vegetation threatened the butterfly's larval food plants and survival. Long-term habitat management is crucial for species recovery and…

Fortune

FIFA’s plan to raise billions from private investors is sparking a backlash: Insider says Europe is angry because it changes soccer’s balance of power

Thrive Capital’s Joshua Kushner and former Liberty Media boss Greg Maffei are involved in the controversial bid to buy a stake in a subsidiary of the nonprofit that oversees the beloved World Cup soccer tournament.

Tom’s Guide

I raced a stranger up a hill on the Apollo Explorer 2.0, and completely smoked his electric scooter

I've been riding the Apollo Explore 2.0 for a few months; here's my honest review of this electric scooter.

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news in one place.

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The Economic Times

Apollo Micro Systems shortlisted by IAF for indigenous prescision range extension kit programme

Apollo Micro Systems has been selected by the Indian Air Force to develop the Indigenous Precision Range Extension Kit (IPREK), a defence system designed to enhance the range and accuracy of existing bombs. The company will supply over 500 units in the initial phase, integrating technologies such as NavIC navigation…

International Business Times UK

Michael Burry: 'The Guaranty System Ends With the Taxpayer,' Points to New Study on Hidden Insurance Risk

Michael Burry spotlights research warning that losses tied to private credit at life insurers could ultimately flow through state guaranty systems.

Bored Panda

“Let The Evidence Speak For Itself”: NASA Whistleblowers Reveal How Photos Were Edited To Hide Alien Presence

“Ready to let the evidence speak for itself.”

International Business Times UK

NASA Airbrushed 'Alien Presence' From Apollo Moon Photos, Whistleblower Physicist Claims

A physicist has claimed NASA edited Apollo Moon photos to erase an 'alien presence' and buried negatives showing UFOs, just as the Artemis programme prepares to return astronauts to the lunar surface.

The Independent UK

EasyJet profits plunge 70 per cent as soaring fuel prices hit budget airline

Pre-tax profits tumbled to £85 million in the three months to 30 June, from £286 million a year earlier

Evening Standard

EasyJet profits nosedive 70% after £105m Iran war fuel cost hit

The carrier reported pre-tax profits tumbling to £85 million in the three months to June 30 from £286 million a year earlier.

Fortune

So you want to buy a sports franchise? Why entering sports ownership gives the rich a ‘very elite and exclusive club’ with great tax benefits

Increasingly, the founders and heads of companies like Home Depot, Walmart and LVMH are entering the sports world. There's a good reason for that.

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