The Wall Street Journal
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Miriam Gottfried
– Jan 25, 1:22 PM
Leon Black plans to step down as chief executive of Apollo Global Management Inc. after an independent review revealed larger-than-expected payments to disgraced financier Jeffrey Epstein that it nevertheless deemed justified. The monthslong review…
Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned. According to two sources familiar with the…
Xi Jinping speaks at Davos event. Tencent nears $1 trillion. The best and worst places to be during Covid. President Xi Jinping called on the world to abandon “ideological prejudice” and shun an “outdated Cold-War…
The New York Times
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Matthew Goldstein
– Jan 25, 1:46 PM
The founders of Apollo Global Management, one of the world's biggest private equity firms, engaged in a brief power struggle this weekend over control of the firm, a rift that opened up after an inquiry revealed that one founder — Apollo's…
The Wall Street Journal
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Juliet Chung
– Jan 25, 11:52 AM
Citadel LLC and Point72 Asset Management are investing $2.75 billion into hedge fund Melvin Capital Management, which has been hard hit by a series of short bets to start the year. The influx of cash is expected to help stabilize Melvin, which has…
