Latest news with #US26
AU Financial Review
5 days ago
- Business
- AU Financial Review
ASX to slip, US equities dip on producer price data
Klarna Group Plc agreed to sell as much as $US26 billion ($40 billion) of buy-now, pay-later loans to the student loan giant Nelnet as the fintech looks for ways to free up capital ahead of its public debut. The multi-year deal is structured as a so-called forward-flow agreement, where a buyer agrees to purchase loans before they have been originated. With the deal, Klarna will be able to expand its pay-in-4 product in the US, which allows consumers to split up purchases and pay them off interest free in a matter of weeks. 'This is a landmark transaction for Klarna in the US' Klarna chief financial officer Niclas Neglén said in a statement to Bloomberg. 'Our partnership with Nelnet allows us to scale a core product responsibly.' Klarna, which has a banking license in its home country of Sweden, has been building a platform that allows it to sell streams of loans on an ongoing basis to investors around the world. Last year, the fintech struck a deal with a subsidiary of Elliott Investment Management that saw the hedge fund agree to buy up £30 billion of Klarna's UK-originated debt in the coming years. Klarna would continue to service the loans.
Time of India
5 days ago
- Business
- Time of India
Hulk Hogan's net worth in 2025, earnings, Sky Daily's income, properties, and more
(Image via:) WWE Hall of Famer Hulk Hogan was one of the prominent figures of WWE , who passed away on July 24, 2025, leaving behind a rich wrestling legacy. He was a figure who reigned in the ring from 1977 to 2012. Hulk Hogan was known for holding around 12 World Championships across WWF/WWE and WCW, with his longest reign as WWF Champion lasting 1,474 days from 1984 to 1988. The WWE veteran unfortunately succumbed to a sudden cardiac arrest at his Clearwater residence in Tampa, Florida. The funeral of the late wrestler took place on August 5, 2025, in the presence of his friends, family, and colleagues. Let's take a look at the wealth that he has left behind, his wife Sky Daily's income, properties, and more. Hulk Hogan's net worth 2025 According to reports, Hulk Hogan's net worth stood at $25 million at the time of his death. His earnings included sources like wrestling contracts, endorsements, merchandise, acting roles, and business ventures. He also faced a major setback when Hogan was awarded $140 million in a lawsuit against The case involved the release of a private video. Reports suggest that he received about $31 million after settlement reductions and taxes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Moreover, his divorce from Linda Hogan resulted in him losing 70% of the couple's liquid assets, $3 million in cash, and 40% ownership of his businesses. What is Sky Daily's income? Regarding Sky Daily 's income, not much is known about her. But reports suggest that Sky makes a living working as a yoga instructor, and according to her social media, she has dabbled in the fitness industry and helped small businesses. As Hogan's net worth is valued at a staggering $25 million, and after his death, it looks like his wife would be given a large sum of his fortune. Hulk Hogan's properties Hulk Hogan owned a significant real estate portfolio, including a mansion in Miami Beach and a compound in Clearwater Beach, Florida. In 1992, Hogan bought a waterfront property in Belleair, Florida, for $US2 million. Next, Hogan and Linda listed the luxurious home in 2006 for an eye-opening $US26 million. After multiple price reductions, Hogan offloaded the mansion in 2012 for $US6.2 million. Also Read : WWE legend Hulk Hogan's infamous s*x tape partner spotted in rare sighting after his death In 2012, Hogan snapped up a home in nearby Clearwater, Florida, for a whopping price of $US3.3 million. The expansive property also boasts a fully-equipped gym that the sports star often used to stay in tip-top shape, a home theatre, and a resort-style pool. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Sydney Morning Herald
06-08-2025
- Business
- Sydney Morning Herald
Watchdog nears decision on letting US giant compete with ASX
The corporate watchdog is in the final stages of considering an application from a rival to market operator ASX Limited, which would pave the way for American giant Cboe to conduct sharemarket listings of companies in Australia. Big investors were updated on the issue by the Australian Securities and Investments Commission (ASIC) chair Joe Longo at an investor roundtable held by Treasurer Jim Chalmers on Wednesday. Cboe Global Markets is a $US26 billion ($40 billion) US-listed stock exchange operator. The company offers trading services in Australia in shares that are already listed on the stock exchange. However, it is not authorised to conduct new listings of companies (also known as initial public offerings) in Australia. ASX Limited, which has been embroiled in the fallout from the failure of a big technology project, is effectively the only option for private companies looking to float on the Australian sharemarket. If ASIC gives the green light to Cboe to conduct new listings in Australia, the government expects this would leave the ASX facing more competition in the market for initial public offerings. Loading ASIC also told the gathering, which included a range of superannuation heavy-hitters, that it was looking at ways to streamline dual listings of foreign companies. Treasurer Jim Chalmers said: 'Making our markets more competitive will make our economy more prosperous and productive. If it goes ahead, this will mean more investment in Australian businesses, and that means more jobs and opportunities for Australian workers.'
The Age
06-08-2025
- Business
- The Age
Watchdog nears decision on letting US giant compete with ASX
The corporate watchdog is in the final stages of considering an application from a rival to market operator ASX Limited, which would pave the way for American giant Cboe to conduct sharemarket listings of companies in Australia. Big investors were updated on the issue by the Australian Securities and Investments Commission (ASIC) chair Joe Longo at an investor roundtable held by Treasurer Jim Chalmers on Wednesday. Cboe Global Markets is a $US26 billion ($40 billion) US-listed stock exchange operator. The company offers trading services in Australia in shares that are already listed on the stock exchange. However, it is not authorised to conduct new listings of companies (also known as initial public offerings) in Australia. ASX Limited, which has been embroiled in the fallout from the failure of a big technology project, is effectively the only option for private companies looking to float on the Australian sharemarket. If ASIC gives the green light to Cboe to conduct new listings in Australia, the government expects this would leave the ASX facing more competition in the market for initial public offerings. Loading ASIC also told the gathering, which included a range of superannuation heavy-hitters, that it was looking at ways to streamline dual listings of foreign companies. Treasurer Jim Chalmers said: 'Making our markets more competitive will make our economy more prosperous and productive. If it goes ahead, this will mean more investment in Australian businesses, and that means more jobs and opportunities for Australian workers.'
The Age
10-07-2025
- Business
- The Age
At this private members' club, discretion is everything – for a $25,000 price
Upstairs, in Sydney's sparkling, new private members' club The Pillars, a couple of tech bros joke indelicately about 'shrinkage' after emerging from ice baths as club co-founder and digital-media entrepreneur Steve Grace shows me around the lavish, multimillion-dollar venue. No names are given. Taking photos is discouraged. Here, discretion is everything – for a price. Private members clubs are booming globally. MAGA devotees are paying $US1 million ($1.5 million) a year to join Donald Trump's gilded Mar-a-Lago resort in Palm Beach, Florida. Market research company Mordor Intelligence estimates the global sector will be worth $US26 billion by 2027. Family pedigree and old school ties are out while elitism has become commoditised. The international Soho House chain, which originated in London, plans to open its first Australian club, a multi-level affair with rooftop bar in Sydney's Darlinghurst, 'in the coming years'. 67 Pall Mall, also in London, will open a $35 million Melbourne outpost next year. Loading 'We have high-profile members who don't want to be seen,' Grace tells me. Membership hinges on 'affinity'. Nine weeks after opening, almost 300 members – 40 per cent of them women – have each paid up to $25,000 to join. Membership will be capped at 500. 'Essentially, it's a no-dickheads rule,' says a joking Grace, who has revoked several memberships for unspecified protocol breaches. Inside the heart of the club – the plush 'Great Room' bar – Airtasker millionaire Jonathan Lui is showing around a couple of potential members dressed in designer trainers and hoodies. In Melbourne, there's a lengthy wait list to join the $500-a-week Saint Haven wellness clubs, where booze is banned and members are invited instead to breathe 'enriched' air under Murano chandeliers. There are 'personal healers', hairdressers and a Bentley limo service. Founded by property developer Tim Gurner, who famously advised Millennials to give up smashed avocado in order to get into the property market, Saint Haven will open a giant, 1300-square-metre outlet at Bondi Beach later next year. The news was dampened when Melbourne millionaire Christopher Shao set off a media storm last month, claiming his mum had been unfairly castigated for breaching the no-phones rule inside a Saint Haven club; he then doubled down with additional claims of casual racism. One employee was stood down. Controversies aren't new among Australia's traditional private clubs. Sydney's men-only Australian Club on Macquarie Street continues to resist offering membership to women, as does the Melbourne Club on Collins Street. 'You won't see any of that here,' Grace assures me. 'The Pillars is for a new generation; we're creating a community.'
