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Justin Timberlake sells off his collection: a fund backed by private equity firm Blackstone has agreed to buy Justin Timberlake’s song catalogue for $100 million. The deal is the largest acquisition of music rights to date as investors get creative in search of uncorrelated returns and steady cash flow. It seems Blackstone’s limited partners did …

Justin Timberlake Closed a $100,000,000 Deal Selling Off His Album Collections Read More »

China unexpectedly cuts policy rate amid Covid-19 lockdown. The People’s Bank of China has cut its benchmark five-year lending rate to 4.45% from 4.6%. This is the biggest cut since the rate was introduced into the bank’s policy arsenal in 2019. The move represents an unexpected turnaround in China’s monetary policy.Economists believe the rate change …

China Cuts Policy Rates Amid Covid-19 Lockdown Read More »