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Get ready to make less money off your investments, says a private equity executive

Get ready to make less money off your investments, says a private equity executive

A leading private equity executive just warned that investors are in for a "pretty dry spell for a few years.""I'm here to tell you everything is not going to be OK," Scott Kleinman, the co-president of Apollo Global Management, said at a session during Berlin's SuperReturn International conference on Wednesday.Managers have to adjust their financial projections for deals struck in the looser world of zero interest rates, when financing was cheap and consumers spent more. "It's going to be a little bit tougher for private equity firms to see the types of returns they were looking for, versus in years…
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2 war experts say British armor has the same production flaw that contributed to Nazi Germany’s downfall

2 war experts say British armor has the same production flaw that contributed to Nazi Germany’s downfall

A retired British Army colonel and a World War II historian are urging UK authorities to recalibrate weapons production, saying Britain is too fixated on building world-class military tech that it can't scale up.This was the same problem that partially brought Nazi Germany to its knees, wrote Hamish de Bretton-Gordon and James Holland in a commentary published on Wednesday by The Telegraph."It would appear we are doomed to repeat the mistake Nazi Germany made in the Second World War — relying on sophisticated weaponry that is too expensive for mass production and will never produce decisive battlefield results," wrote the…
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Five Below bought so many Squishmallows that it hurt the discount company’s bottom line

Five Below bought so many Squishmallows that it hurt the discount company’s bottom line

Five Below's sales were hurt due to overstock of Squishmallows and price-sensitive customers.Inflation has made customers prioritize food and drink items, said Five Below CEO.Low-cost retailers say they're seeing a slowdown in discretionary spending. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Five Below said its sales were hurt this quarter because it bought…
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Putin said Russia could send long-range weapons around the world to those who want to strike Western facilities

Putin said Russia could send long-range weapons around the world to those who want to strike Western facilities

Russian leader Vladimir Putin said on Wednesday he could send long-range weapons to "regions around the world" wanting to strike Western targets after the US and its allies authorized Ukrainian strikes with their arms on Russian soil.Speaking to international journalists in St. Petersburg, Putin said the new firing agreement between Kyiv and major North Atlantic Treaty Organization members indicated the alliance's "direct involvement in the war against the Russian Federation."Moscow reserves "the right to act the same way," he added."If they consider it possible to supply such weapons to the combat zone to launch strikes on our territory and create…
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You can now live at the luxury Utah desert resort loved by celebs like Ivanka Trump and Kylie Jenner — but it’s up to $12.5 million just for a lot

You can now live at the luxury Utah desert resort loved by celebs like Ivanka Trump and Kylie Jenner — but it’s up to $12.5 million just for a lot

The secluded, luxury resort in the Utah desert frequented by A-listers isn't just for opulent getaways anymore — now it can be your home too.Amangiri, a resort hotel in southern Utah near the Arizona border, is offering permanent residences for the first time in its 15-year history, according to a new report in The Wall Street Journal.The five-star resort sits on 900 acres of desert and has 34 guest suites, each with their own private terraces and king-size beds, starting at $4,200 per night. Guest can also stay in tented pavilions at the hotel's Camp Sarika or in a four-bedroom…
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