Saudi Wealth Fund May Double Loan to $15 Billion for Deals

Lewis Naylor

(Bloomberg) — Saudi Arabia’s sovereign wealth fund may raise a loan that’s more than double what it sought late last year for new investments following strong demand from lenders, according to people familiar with the matter.



a tall building in a city: Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.


© Bloomberg
Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.

The Public Investment Fund is set to increase the loan size to

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These Are the Misconceptions Minorities Have About Personal Finance

Lewis Naylor

TheStreet sat down with Lauren Simmons, the youngest-ever female trader on the New York Stock Exchange to discuss misconceptions about finance that minorities should avoid.

“I think finance has got this facade that it’s not inclusive,” says Simmons, “and it can be and it’s a lot easier than people think it is.”

Simmons, 26, who left Wall Street to pursue the world of entrepreneurship, has been working as a speaker on personal finance for women, young people, and minorities.

“…Finance is easy once you learn the basics,” says Simmons, while talking to TheStreet on the occasion of Black History Month,

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Purdue Pharma Seeks Ruling on Its Right to Billions in Insurance Coverage

Lewis Naylor

Purdue Pharma LP and some of its creditors want a judge to rule on their contention that they have rights to as much as $3.3 billion in insurance coverage as the OxyContin maker continues working on a plan to exit chapter 11 and recover proceeds to help address the opioid epidemic.

Stamford, Conn.-based Purdue last week sued over a dozen of its insurers in the U.S. Bankruptcy Court in White Plains, N.Y., saying its insurance policies are among its most valuable assets, but adding that it needs a judge to clarify the scope of coverage the policies provide so its

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With Jeff Bezos at helm, Amazon’s stock performance has made the S&P 500 look like a flat line

Lewis Naylor

The career of Jeff Bezos as CEO of Amazon.com has been nothing short of amazing. And a very simple way to measure that is to look at one chart:


FactSet

This chart shows the total return for shares of Amazon.com Inc.
AMZN,
+1.11{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34},
since Bezos led its initial public offering on May 15, 1997, through Feb. 1, 2021.

That green line under it is the total return for the S&P 500 index
SPX,
+1.39{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34},
including dividends reinvested. The index has had a significant return for the nearly 24-year period, but Amazon leaves it looking rather flat.

Among the

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