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Apollo Global Management has passed the $12 billion mark for its latest private equity flagship fund after about five months on the fundraising trail. Speaking on the firm’s second quarter 2026 results call on Tuesday, Jim Zelter, president of Apollo, said: “We are pleased with the reception in the market thus far and excited to announce that through July, we have surpassed $12 billion.

Shares of AI play Qnity are back on the rise after another excellent quarter and upbeat outlook. We see plenty of room to run for the semiconductor industry supplier. Revenue in the second quarter increased 22.1% from a year ago to $1.43 billion, outpacing the $1.36 billion expected by LSEG. Adjusted earnings per share (EPS) surged 52.6% year over year to $1.19, also outpacing the consensus estimate of $1.06, according to LSEG. Q 1Y mountain Qnity 1-year stock performance Bottom line It has been a wild ride for Qnity investors over the past month and a half. After hitting an…

Employees serve customers at the first Chipotle fast-food restaurant in northeastern Mexico on its opening day in San Pedro Garza Garcia, July 16, 2026.Daniel Becerril | ReutersChipotle Mexican Grill said Tuesday it temporarily pulled jalapenos from restaurants in Minnesota after learning that their supply may have been linked to a salmonella outbreak.Shares of Chipotle fell more than 5% in afternoon trading after Bloomberg first reported the news.”We have a robust ingredient traceability system and, upon learning of a potential Salmonella outbreak in the supply chain impacting several food service retailers, we proactively identified jalapeños as a potential common ingredient from…

We study the effects of H-1B immigration on U.S. industries that employ H-1B workers and their trading partners. Using a novel cross-industry design and the 1999–2003 expansion of the H-1B visa cap for identification, we find that H-1B exposure raised incomes for natives and pre-existing immigrants, with gains concentrated in non-STEM occupations. Income gains propagate forward through supply chains to downstream industries but not backward to upstream industries, consistent with a productivity shock rather than a labor supply shock. We find no direct effect on patenting, suggesting that productivity gains arise from better task execution rather than patentable invention. That…

Breaking Down Colombia’s Banco De la Republica US$4 Billion Purchase colombiaone.com

“She has been living with me for four years.”

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 24, 2026 Federal Reserve Board’s annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses For release at 4:00 p.m. EDT The results of the Federal Reserve Board’s annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing…

    The transcript from this week’s, MiB: Som Seif, Purpose Unlimited, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~   MASTERS IN BUSINESS Guest: Som Seif, Founder & CEO, Purpose UnlimitedHost: Barry Ritholtz  •  Bloomberg Radio   Transcript ANNOUNCER (00:00:02): Bloomberg Audio Studios. Podcasts. Radio. News. BARRY RITHOLTZ (00:00:08): This week on the podcast, yet another banger. Som Seif is founder and CEO of Purpose Unlimited. One of…

Listen to the audio version of this article (generated by AI). The next Peter Thiel moment is here… AI’s price crash is rewriting the rules… tracking the usage/price “escalator”… a “real world” stock list that benefits from the AI takeover In 1977, a semi-retired chip executive named Mike Markkula met two kids running a computer company out of a garage. He liked what he saw enough to write a $250,000 check – cash and a loan guarantee combined – for a one-third stake in the business. That company eventually became Apple (AAPL). When Apple rang the opening bell on its…

Listen to the audio version of this article (generated by AI). Going into last week, semiconductor stocks were already suffering their worst monthly rout since 2008. There was no single cause for the bearish turn. Wall Street grew anxious about how quickly Big Tech could turn massive AI investments into profits. Reports that NVIDIA Corporation (NVDA) might backstop a large OpenAI data-center project revived “circular financing” concerns, while China’s fast-growing memory-chip industry raised new competition fears. But then came last Wednesday’s Federal Reserve meeting (which I wrote about in Market 360 here). The NASDAQ initially turned positive during Fed Chair…