Harvard University’s endowment is considering reducing its exposure to China as U.S. public and private institutions reconsider their China risk, Bloomberg reported. New allocations of money to Chinese private equity have fallen to the lowest since 2018, according to Preqin. Some state pension funds are also reassessing their positions. The pullback comes as Chinese public markets take a...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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