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Ares CEO Michael Arougheti on ‘retail revolution’ in alternative assets

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A version of this article appeared in CNBC's Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.At Ares Management's analyst day last month, the alternative asset manager quietly bumped up its three-year fundraising targets by 25%.CEO Michael Arougheti told CNBC the change was due to better-than-expected momentum among individual, wealthy investors.A recent survey by State Street found that the "retail revolution" will drive more than half of the private market flows in the next few years, a seismic shift from traditional…

Startups staying private longer with alternative capital

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Klarna Group Plc signage during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty ImagesA version of this article appeared in CNBC's Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Even as the IPO market is starting to rebound, startups are staying private for longer thanks in large part to alternative capital, according to new data.The median age…

Gold prices keep rising, and jewelry companies are sounding the alarm

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Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty.David Gray | Afp | Getty ImagesAmid global economic turbulence, the prices of precious metals have been climbing higher and higher.The price of gold in particular has skyrocketed over the past year, rising more than 50%. For midsize jewelry companies aiming to offer fine gold necklaces, earrings and more at lower price points than legacy luxury jewelry brands, gold futures could be spelling trouble.Though gold is often subject to market fluctuations, investors have been increasing…

Investors make up highest share of buyers in 5 years

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A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025. That is an increase from…

Constellation Brands (STZ) Q2 2026 earnings

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Modelo beer is displayed on a shelf at a Safeway store on Oct. 6, 2025 in San Anselmo, California. Justin Sullivan | Getty ImagesModelo owner Constellation Brands beat on the top and bottom lines in its fiscal second-quarter earnings report on Monday and reiterated its lowered full-year guidance due to macroeconomic headwinds.Shares of the company rose roughly 3% in extended trading.Here's how the company performed in the second quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:Earnings per share: $3.63 adjusted vs. $3.38 expectedRevenue: $2.48 billion vs. $2.46 billion expectedFor the period ending Aug. 31,…

Why Taylor Swift’s ‘The Life of a Showgirl’ vinyl avoids tariffs

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Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London.Kevin Mazur | Getty ImagesOn Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift's new album, "The Life of a Showgirl" — each a different color and with a different collectible cover. Then she'll head over to Target to snag three more exclusive CDs and another vinyl, she said.The haul will cost her more than $200. "I know it's a lot of money," she said. "But I don't…

Elon Musk calls for canceling Netflix. Here’s what’s happening

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Elon Musk stands in the Oval Office to attend a press event with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersElon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator.Musk on Wednesday posted on his X platform saying, "Cancel Netflix for the health of your kids." The post was in response to an image accusing Netflix of carrying out a "transgender woke agenda."The controversy seems to stem from conservative backlash over an animated Netflix show, "Dead End:…

Tesla, GM lead record U.S. EV sales as federal incentives end

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DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase ended in September.New data provided to CNBC from Motor Intelligence shows U.S. sales of EVs, excluding hybrids, topped 1 million units through the first nine months of the year and set a new quarterly record of more than 438,000 units sold during the third quarter — achieving market share of 10.5% for the period.That record market share is up from 7.4% during the…

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

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GM Hummer EV production in Detroit.Photo by Jeffrey Sauger for General MotorsDETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering "significant tariff relief" for the production of vehicles in the U.S.Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted from trading level or down to closing up between 1% to 4% on the report from Reuters.The news organization, citing Republican Senator Bernie Moreno of Ohio as well as auto officials, said the potential change could "effectively eliminate much of the costs major car companies are paying.""The signal…

Taylor Swift’s ‘The Life of a Showgirl’ album release party box office

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A person wearing an outfit inspired by The Eras Tour poses in front of "The Official Release Party of a Showgirl" posters at an AMC theater to celebrate the release of Taylor Swift’s new album "The Life of a Showgirl" in New York City, U.S., Oct. 3, 2025. Kylie Cooper | ReutersTaylor Swift gave the box office a boost this weekend.In partnership with AMC, the singer-songwriter brought a 90-minute movie to cinemas for one weekend only to celebrate the release of her 12th album, "The Life of a Showgirl."The three-day event tallied an estimated $33 million domestically, the biggest album…