Sheikh Jassim, who confirmed his bid in an email on Friday, will look to Bank of America to assist him in constructing a winning bid that will see him beat a number of investment banks and private investors in what is now a heated race to take over the renowned English soccer team.

According to a report from Bloomberg News, Sheikh Jassim’s opening offer could value Manchester United at about £5 billion ($6 billion). The son of former prime minister Hamad bin Jassim bin Jaber Al Thani and a member of the royal family, the Sheikh is looking to buy the club from the U.S. Glazer family.

“The bid plans to return the club to its former glories both on and off the pitch, and — above all — will seek to place the fans at the heart of Manchester United Football Club once more,” he wrote in a statement.

The post Bank of America to Advise Qatari Takeover Bid of Man Utd appeared first on theprimarymarket.com.

Nestle’s investment plan includes allocating funds to increase its production capacity at plants located in the country as well as updating the technology used in its Colombian operations.

This latest investment decision comes after the world’s largest food and beverage producer invested $13 million in the South American nation, thereby advancing Colombia’s industrial growth agenda.

While Nestle has not been reached for comment, Laurent Freixe, Nestle’s top executive for Latin America, was previously quoted as saying that the company’s investment plan in Colombia would enable it to strengthen its product portfolio while aligning with government priorities such as youth employment.

The post Nestle to Invest $100 Million in Colombian Operations appeared first on theprimarymarket.com.

Having invested $1 billion in OpenAI in 2019, Microsoft is looking to have access to the company’s AI infrastructure, models, and toolchain with Azure, using such resources to build and run their applications.

“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft CEO Satya Nadella announced.

“We’ve worked together to build multiple supercomputing systems powered by Azure, which we use to train all of our models. Azure’s unique architectural design has been crucial in delivering best-in-class performance and scale for our AI training and inference workloads. Microsoft will increase their investment in these systems to accelerate our independent research and Azure will remain the exclusive cloud provider for all OpenAI workloads across our research, API, and products.”

Microsoft’s decision to invest comes at a precarious time, with the company announcing its decision to lay off 10,000 employees by the end of Q3.

The post Microsoft Preparing Multi-Billion Dollar Investment in OpenAI appeared first on theprimarymarket.com.

The Taiwanese company signed a memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility located in the north of the country, state media announced on Saturday.

The decision to expand its northern Vietnam production facilities came after Foxconn, previously known as Hon Hai Precision Industry Co, began test production of the Apple Watch in northern Vietnam. The company recently moved part of its iPad and AirPods production to Bac Giang’s Quang Chau Industrial Park, however, it has not been stated which components specifically will be processed there. The company has been active in the Bac Giang province for the last 15 years.

According to figures from the Vietnamese government, Foxconn poured $1.5 billion into the Southeast Asian country’s economy last year. The new factory, which will be built on a plot of 50.5 hectares (125 acres) in Bac Giang, is expected to generate over 30,000 local jobs.

The post Apple Supplier to Invest in Northern Vietnam appeared first on theprimarymarket.com.

S&P Dow Jones Indices, which maintains the S&P 500, also said that the performance is in the top three worst for the index since 1957. This is how far its “live history” goes back.

The outlook for the future also remains bleak amid the Fed’s interest rate hikes, surging inflation, and the fears of recession. Morgan Stanley’s strategists are projecting another 20 percent slide for the S&P 500 if the recession actually takes place.

“We recognize a lot of pain has already been inflicted during this bear market. Nevertheless, we can’t yet get bullish,” Morgan Stanley’s Mike Wilson wrote in a recent analyst note.

On the other hand, Société Générale analyzed “crisis periods” for the US stock market in the past century and concluded that S&P 500 would most likely bottom out at a 34 percent to 40 percent decline compared to its January peak.

S&P 500 officially entered the bear market after suffering a 20.1 percent plunge since its peak in January. It represents the first bear market for the index since the early days of the COVID-19 pandemic in March 2022.

The post S&P 500 Has its Worst First Half in 50 Years appeared first on theprimarymarket.com.

Ryan Payne, the president of the financial planner Payne Capital Management, believes that this testing time for S&P 500 is a perfect opportunity to expand your portfolio. According to Payne, investing in “old-school value names” like AT&T, Citigroup, General Motors, and Verizon should be a priority, especially for those who are in it for the long run. 

“I think any of those old-school value names right now are great to have in your portfolio,” Payne told Yahoo Finance. “And don’t think twice here if you’re a long-term investor.”

The “long-term” distinction is particularly important here. The S&P 500 isn’t expected to recover anytime soon and might face even tougher challenges. However, the investment should pay off down the road.

“If you take the tech out of the S&P 500, you’re trading at 14 times forward earnings,” Payne adds. “That’s so cheap. That’s been as cheap as it’s been in years. I think you have a gift from the gods here as a long-term investor to buy.”

The post Expert Recommends Investing in “Old-School Value Names” Amid S&P 500’s Bear Market appeared first on theprimarymarket.com.

Sheikh Jassim, who confirmed his bid in an email on Friday, will look to Bank of America to assist him in constructing a winning bid that will see him beat a number of investment banks and private investors in what is now a heated race to take over the renowned English soccer team.

According to a report from Bloomberg News, Sheikh Jassim’s opening offer could value Manchester United at about £5 billion ($6 billion). The son of former prime minister Hamad bin Jassim bin Jaber Al Thani and a member of the royal family, the Sheikh is looking to buy the club from the U.S. Glazer family.

“The bid plans to return the club to its former glories both on and off the pitch, and — above all — will seek to place the fans at the heart of Manchester United Football Club once more,” he wrote in a statement.

The post Bank of America to Advise Qatari Takeover Bid of Man Utd appeared first on theprimarymarket.com.

Nestle’s investment plan includes allocating funds to increase its production capacity at plants located in the country as well as updating the technology used in its Colombian operations.

This latest investment decision comes after the world’s largest food and beverage producer invested $13 million in the South American nation, thereby advancing Colombia’s industrial growth agenda.

While Nestle has not been reached for comment, Laurent Freixe, Nestle’s top executive for Latin America, was previously quoted as saying that the company’s investment plan in Colombia would enable it to strengthen its product portfolio while aligning with government priorities such as youth employment.

The post Nestle to Invest $100 Million in Colombian Operations appeared first on theprimarymarket.com.

Having invested $1 billion in OpenAI in 2019, Microsoft is looking to have access to the company’s AI infrastructure, models, and toolchain with Azure, using such resources to build and run their applications.

“We formed our partnership with OpenAI around a shared ambition to responsibly advance cutting-edge AI research and democratize AI as a new technology platform,” Microsoft CEO Satya Nadella announced.

“We’ve worked together to build multiple supercomputing systems powered by Azure, which we use to train all of our models. Azure’s unique architectural design has been crucial in delivering best-in-class performance and scale for our AI training and inference workloads. Microsoft will increase their investment in these systems to accelerate our independent research and Azure will remain the exclusive cloud provider for all OpenAI workloads across our research, API, and products.”

Microsoft’s decision to invest comes at a precarious time, with the company announcing its decision to lay off 10,000 employees by the end of Q3.

The post Microsoft Preparing Multi-Billion Dollar Investment in OpenAI appeared first on theprimarymarket.com.

The Taiwanese company signed a memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility located in the north of the country, state media announced on Saturday.

The decision to expand its northern Vietnam production facilities came after Foxconn, previously known as Hon Hai Precision Industry Co, began test production of the Apple Watch in northern Vietnam. The company recently moved part of its iPad and AirPods production to Bac Giang’s Quang Chau Industrial Park, however, it has not been stated which components specifically will be processed there. The company has been active in the Bac Giang province for the last 15 years.

According to figures from the Vietnamese government, Foxconn poured $1.5 billion into the Southeast Asian country’s economy last year. The new factory, which will be built on a plot of 50.5 hectares (125 acres) in Bac Giang, is expected to generate over 30,000 local jobs.

The post Apple Supplier to Invest in Northern Vietnam appeared first on theprimarymarket.com.

S&P Dow Jones Indices, which maintains the S&P 500, also said that the performance is in the top three worst for the index since 1957. This is how far its “live history” goes back.

The outlook for the future also remains bleak amid the Fed’s interest rate hikes, surging inflation, and the fears of recession. Morgan Stanley’s strategists are projecting another 20 percent slide for the S&P 500 if the recession actually takes place.

“We recognize a lot of pain has already been inflicted during this bear market. Nevertheless, we can’t yet get bullish,” Morgan Stanley’s Mike Wilson wrote in a recent analyst note.

On the other hand, Société Générale analyzed “crisis periods” for the US stock market in the past century and concluded that S&P 500 would most likely bottom out at a 34 percent to 40 percent decline compared to its January peak.

S&P 500 officially entered the bear market after suffering a 20.1 percent plunge since its peak in January. It represents the first bear market for the index since the early days of the COVID-19 pandemic in March 2022.

The post S&P 500 Has its Worst First Half in 50 Years appeared first on theprimarymarket.com.

Ryan Payne, the president of the financial planner Payne Capital Management, believes that this testing time for S&P 500 is a perfect opportunity to expand your portfolio. According to Payne, investing in “old-school value names” like AT&T, Citigroup, General Motors, and Verizon should be a priority, especially for those who are in it for the long run. 

“I think any of those old-school value names right now are great to have in your portfolio,” Payne told Yahoo Finance. “And don’t think twice here if you’re a long-term investor.”

The “long-term” distinction is particularly important here. The S&P 500 isn’t expected to recover anytime soon and might face even tougher challenges. However, the investment should pay off down the road.

“If you take the tech out of the S&P 500, you’re trading at 14 times forward earnings,” Payne adds. “That’s so cheap. That’s been as cheap as it’s been in years. I think you have a gift from the gods here as a long-term investor to buy.”

The post Expert Recommends Investing in “Old-School Value Names” Amid S&P 500’s Bear Market appeared first on theprimarymarket.com.