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MM081: Kim Kardashian launches PE firm & Stocks rise despite higher rates
Description
Earlier this week, TV personality and business women Kim Kardashian launched her own private equity firm SKKY Partners with the help of Jay Sammons, a former employee at investment firm The Carlyle Group.
Piers and I use this deal to help explain the role that private equity plays in finance, how the industry works and the difference between P.E and venture capital.
On the macro front, we take a look at why stocks are set for their first weekly rise in a month despite the continued tightening of central bank policy and examine the impact of the estimated £150bn energy package announced by the new UK Prime Minister Liz Truss.
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