The owner of the University of Phoenix filed for an initial public offering, after the educational institution backed by Apollo Global Management and the Vistria Group walked away from a potential $550 million sale to another school https://t.co/dyr54Tnhe5 ...

Company Overview - Freeport-McMoRan Inc. is a leading global mining company focused on copper and gold production, with significant operations in North America, South America, and Indonesia [5] - The company owns major mining assets, including the Grasberg minerals district in Indonesia, and has a diversified resource base [5] - As of June 30, 2025, Freeport-McMoRan's market capitalization was $60.70 billion, with a revenue of $25.82 billion and a net income of $1.92 billion [3] Financial Performance - Freeport-McMoRan shares were trading at $42.28 as of August 14, 2025, reflecting a nearly 3% decline over the last 12 months, underperforming the S&P 500 by 19.7 percentage points [2] - The stock's dividend yield is 1.42%, with a forward P/E ratio of 15.97 and an EV/EBITDA of 8.6 [2] - The company has a five-year revenue CAGR of 11.86% [2] Recent Developments - Lodge Hill Capital sold its entire stake in Freeport-McMoRan during Q2 2025, involving 587,820 shares with an estimated trade value of approximately $22.25 million [1] - This sale represents a complete exit from Freeport-McMoRan, which likely constituted over 5% of Lodge Hill's assets under management [6] - The decision to sell occurred prior to the Trump administration's decision not to include refined copper in a list of copper-related goods to be tariffed [6][8] Market Context - Freeport-McMoRan produces over 70% of the refined copper in the U.S., positioning it to benefit from market dynamics [9] - The company's stock price was negatively impacted by the tariff decisions, which eliminated the 28% premium that COMEX copper traded at above the LME price [9] - Despite recent challenges, Freeport-McMoRan is viewed as an excellently valued stock, aligning with long-term demand for copper driven by electrification trends [10]

Apollo Global Management is aiming to invest in artificial intelligence, defense and infrastructure in Europe, its co-head of European credit Tristram Leach told Bloomberg TV https://t.co/aZCQynSr1E ...

Advisory firm Alvarez & Marsal has appointed Arpito Mukerji, former managing director at Apollo Global Management, to lead its newly formed private credit advisory business in India https://t.co/hQOMh4FvQf ...

Macroeconomic Outlook - A weaker dollar is generally beneficial for manufacturing and S&P 500 revenues, with approximately 30% of S&P 500 revenues originating from abroad [2] - A 10% depreciation of the dollar could increase inflation by roughly 05 percentage points over the next 9 months, posing a challenge given existing inflation levels [3] - The M2 money supply is growing at its fastest rate since 2022, indicating substantial liquidity seeking assets and yield [4] - The debate centers on whether recent sentiment improvements are sufficient for continued S&P 500 growth, considering headwinds from tariffs and student loan payments restarting [5] Labor Market Dynamics - The consensus expects 100,000 new jobs next Friday, which is still steady job growth [7] - Private sector job growth has slowed down in recent months, raising concerns about the labor market's health [7] - Deportations running at an annualized rate of approximately 1 million people could reduce job growth [7] - The break-even level for long-run non-farm payrolls is estimated to be around 70,000, lower than the 200,000 in 2023 and 2024 [9] Inflation and Pricing Pressures - The market is actively debating inflation, with the expectation of a 27% Personal Consumption Expenditures (PCE) reading next week [10] - There is an expectation of a meaningful increase in inflation over the next several months, particularly in imported goods like footwear, apparel, toys, and tools [11] - Companies are currently paying approximately $400 billion annually in tariffs, impacting either consumers through higher prices or companies through lower earnings [14] - Retailers, particularly those affected by tariffs, are expected to experience margin pressure and potentially lower sales [16]

Private Credit Market - Apollo Global Management 牵头为英国牙科连锁机构 Mydentist 提供 6 亿英镑的私募信贷融资 [1]

Goldman Sachs has hired Apollo Global Management executive Samuel Green as managing director for its Australian real estate investing team, according to a memo seen by Bloomberg News https://t.co/SsL3xlUek3 ...

Apollo Global Management won the mandate to manage Singapore’s $1 billion private credit fund targeting local high growth enterprises https://t.co/zQbJONSAG3 ...

Transaction Overview - SMBC sold a portfolio of performing loans in Asia Pacific exceeding $1.5 billion [1] - Apollo Global Management acquired the SMBC's portfolio [1]

>> Welcome back. Consumer prices picked up slightly in June, but largely in line with expectations. Joining me now to discuss is Apollo Global Management chief economist Torsten Slok.It's good to have you, Torsten. You have been one of the economists warning that tariffs are going to be inflationary. Just not seeing it yet in a.>> Big way. Hold on. This report does mark the liftoff in inflation.If you look at the subcomponents for tools, for toys, for apparel, for furniture, it's very clear that you're not ...