Apollo-backed Heritage Grocers Group and some of its lenders have agreed in principle to inject the Hispanic-focused chain with $125 million of fresh money
Apollo co-founder Leon Black sued a Congressman from California for allegedly making false statements about the billionaire’s relationship with sex offender Jeffrey Epstein
Apollo Global Management plans to spend around $350 million to enhance private credit trading as part of the firm’s ongoing efforts to bring price transparency and additional liquidity to the sector
ApolloX Sunset Update
As part of the previously announced ApolloX ( web and API) sunset, we will begin winding down the legacy APX contract on Nov 3 at 10:00 UTC. The process is expected to be completed within 48 hours.
During this period:
- Protocol-owned funds will be migrated to Aster via the bridge.
- Users with remaining balances or open positions are encouraged to close their positions and withdraw funds before the sunset is completed.
Thank you for being part of ApolloX's story. See you on Aster. 💛
If you need assistance, please contact our CS team on Discord.
Apollo ($APO) is taking a strategic minority stake in Mubadala Capital, deepening its ties to Abu Dhabi.
Apollo and other new investors are also expected to commit a combined $5B to Mubadala Capital strategies at the initial close.
Apollo is reportedly nearing a deal to buy nearly a 10% stake in Mubadala Capital, the alternative asset management arm of the $385 billion Abu Dhabi sovereign wealth fund
APOLLO: AI HAS DELIVERED “ZERO PAYOFF” OUTSIDE BIG TECH
Apollo Chief Economist Torsten Slok warns that massive AI spending has yet to deliver measurable productivity gains across corporate America.
Revenue per worker and profit margins are rising for the Magnificent Seven but remain flat for the S&P 493.
Meanwhile, Gartner estimates $3.5 trillion in AI infrastructure spending could face impairment risk by 2030.
The key takeaway: AI investment is booming, but returns outside Big Tech remain elusive.