In this episode, Scott Becker breaks down five key stories shaping the business world today.
Chapter 1: What stories are shaping the business world today?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're going to share with you five of the stories that we're following today. And before we kick off, aside from tariffs, negotiations in the Russia-Ukraine war, and the upcoming U.S.-Canada hockey game, there's a lot going on in the business world.
Chapter 2: What happened with Tempest AI's stock?
So let's talk about the business world, and we'll give you five quick stories right now. First, Tempest AI, which has been on fire, dropped 8.5% yesterday, but it's still up 142% year-to-date. Interestingly enough, TipRanks, which is one of the firms that follows Wall Street, says that insiders are dumping Tempest AI as the stock hits record highs.
Chapter 3: How is Alliance Bernstein performing in the market?
So we'll see if that continues on with insiders dropping the stock. Second, Alliance Bernstein said, Great wealth manager, money manager with $810 billion in assets under management. It's down 2.5% or so year to date, but up yesterday and points up today. Third, KKR is down 5% year to date. The thing that's brilliant about the smartest people in the room
Chapter 4: What is the current state of KKR's stock?
they always figure out how to pivot well when their business is under stress uh kkr's assets under management as follows about 40 of their managements are traditional private equity more than that is in private credit then they've got another 80 billion in infrastructure and another 80 billion in real estate so it's amazing how they've moved sort of out of being so focused on private equity into private debt private credit real estate infrastructure it's fascinating to watch
Fourth, the markets point down a little bit today. We'll see if that continues. And finally, fifth, Soundtown rose 4.3% yesterday. It's down 42.3% year-to-date, but it's up over 200% over the last year. So those are five of the stories that we're following today. Again, Tempest AI dropped. Alliance Bernstein up, but down year-to-date.
KKR still down 5% year-to-date, but really rocking and rolling in some other areas. The market's pointing down a little bit today. And SoundTown is down about 42% year-to-date, but it's up 200% over the last year. Thank you for listening to the Becker Private Equity and Business Podcast.