Ari Emanuel’s Endeavor Group Holdings Inc. and Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC, are among US investors exploring investing in the PGA Tour, providing a possible alternative transaction to a pending deal with Saudi Arabia’s Public Investment Fund, according to people with knowledge of the matter.
Peloton Interactive Inc. shares rose as much as 11% Thursday after the company agreed to a deal with Lululemon Athletica Inc. to tap its online workouts and team up on apparel.
Mexico’s central bank kept interest rates unchanged for a fourth straight meeting and increased its inflation projections for next year, a sign that borrowing costs could stay higher for longer.
(Bloomberg) -- Funds that invest in US corporate high-yield bonds suffered the biggest weekly cash exit since February as concerns that interest rates will stay higher for longer continue to mount.
Federal prosecutors charged a former employee at Goldman Sachs Group Inc. and Blackstone Inc. with securities fraud for allegedly tipping his friends to more than half a dozen deals.
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