The prices of oil are rising, and people are talking about how a barrel can cost up to 100 dollars. Brent crude is a benchmark for prices and jumped to 82.72 dollars for a barrel. The Organization of the Petroleum Exporting Countries decided to leave production steady. This decision has convinced investors that making Iranian oil unavailable on the market will cause large shortages in crude. Saudi Arabia is the biggest producer in oil; they’re confident they can fill any shortages.
Shortages might be okay for now, but the demand for oil is expected to exceed its supply. In the long term, a higher supply will be needed. Matt Badiali was able to speak to The Wall Street Journal on the matter. The US and China are having a trade war over metal prices. This trade war started in February when the US put a tariff on solar panels and then on steel imports. China has been reacting by striking against tariffs wherever they can. Having tariffs on their exports will cause demand for those exports to go down. The prices for these items will go up.
This will weaken China’s economy, and markets are in favor of the US. Commodities in the US will be cheaper, and more expensive in China. Matt Badiali is the Chief Resource Investment Expert at Banyan Hill Publishing. He has degrees from Penn State University, Florida Atlantic University and the University of North Carolina. A friend recognized his potential in science and geology, and introduced him to financing. Since entering this industry, Matt Badiali has given advice to people that has resulted in them generating returns that have increased by triple digits. His education has been useful for giving advice on investments in the market of natural resources. Matt Badiali believes energy consumption will change from fossil fuels to electricity.
When Peter Briger was in university, he knew he would eventually join the world of finance. What he may not have known is that three decades later he would be rubbing shoulders with some of the most influential leaders in the field and in fact get named among the top four hundred most influential business leaders in America by Forbes magazine. This title has not come easy as he has had to prove himself over and over through his leadership skills in all the organizations he has worked for. He went to Princeton University, where he graduated with a bachelor’s degree in Business Administration. He would begin working for Goldman Sachs the same years, and within the first ten years, he was already a partner.
At this time, it was already clear that he would become one of the most influential experts in the credit divisions within the bank. He went on to join a number of committees that helped him grow his knowledge and solidify his position with the bank’s ranks. Peter Briger would take a keen interest on the distressed debt market. This was an area that focused on assets that were believed to be on the verge of becoming toxic for the bank if they had already invested or were assets that were considered almost failing even when the bank had not invested in them but for one reason or another had taken an interest in.
This expertise in the area saw Peter Briger get called up to become an advisor to the International Finance Corporation. In 2002 after working at the Bank for approximately fifteen years, he was headhunted by Fortress. This was an asset management group that had opened its doors in 1998 and had shown great promise as an upcoming private equity group. He understood that even though they were only managing three billion dollars in assets quite a small amount compared to what Goldman had it presented massive growth opportunities for him. Peter Briger is today the Co-CEO at fortress and a partner. He also continues to lead their credit division based in San Francisco.
In 1998, Randal Nardone and Wes Edens Co-founded Fortress Investment Group. The company is an equity firm headquartered in New York. Randal Nardone became the CEO of the company in 2013 after serving as interim CEO for nearly two years. Nardone earned a Bachelor of Arts in Biology and English from the University of Connecticut. Additionally, he received a J.D. from Boston University School of Law. Nardone has an extensive background in the business area. Previously, Randal Nardone held positions such as Managing Director at UBS for one year. Additionally, he worked as the Secretary of Newcastle Investment Corporation for over 14 years. Nardone has served as the Chief Operating Officer at IMPAC Commercial Holdings since 1999.
Nardone has served as a Director since 2008 on the Board of Directors for Florida East Coast Holdings Corporation. Additionally, Nardone has held the position of Director since 2010 on the Springleaf Finance Inc., Board of Directors. Currently, Fortress Investment Group is a global company which manages billions of dollars in assets for investors. Clients of the firm consist of individuals and institutional investors such as hedge funds and private equity firms around the world. There are nearly one thousand employees working for Fortress Investment Group. Since the company was established, Fortress Investment Group has been recognized as an industry pioneer.
In December of 2017, SoftBank purchased Fortress Investment Group for over $ 3 billion dollars. After the SoftBank purchase, the principals remained at Fortress Investment Group. The firm has three principals Randal Nardone, Wes Edens, and Peter Briger. SoftBank is headquartered in Tokyo, Japan. SoftBank committed to maintain the staff, systems, and organizational culture which led to the achievement experienced by Fortress Investment Group prior to the acquisition. Fortress Investment Group has three operational areas which include Private Equity, Permanent Capital Vehicles, and Credit.
Being an entrepreneur is not easy. In fact, one could say that starting a business is like running against a tide of adversity. However, this is one business leader that is making it easier for entrepreneurs to realize their dreams. That man, Glen Wakeman, has quickly become an entrepreneur’s best friend.
With his company LaunchPad Holdings LLC., Glen Wakeman provides a Software as A Service (SAAS) product which helps entrepreneurs with their online business planning. Today, Launchpad Holding’s services have helped thousands of people create a roadmap to their success. And for Mr. Wakeman, helping future tycoons isn’t just a business, it is a passion.
On his blog, Glen Wakeman helps entrepreneurs with thoughtful advice on how to get more leads, close more sales and avoid pitfalls encountered by most new businesses. In his blog entry entitled, “Company Values Create The Culture,” Mr. Wakeman advises companies to create a set of “10 Commandments” that outlines a company’s values. These commandments should include the expected behaviors of each and every employee (https://www.crunchbase.com/organization/launchpad-holdings-llc). Glen Wakeman also advises that company leaders should revisit these values and commandments each year to ensure the list remains relevant.
In another blog entry entitled, “Build Your Brand By Investing In Your Community,” Mr. Wakeman points out that companies can promote growth by becoming active in their own community. One of the tactics spelled out by Mr. Wakeman is to have company employees reach out to the community via social media. Using Youtube, Facebook, and Twitter, company employees can discover the needs of the community, such as literacy or health. Then the company’s employees can build a program to address the community’s needs. The result of the outreach program could lead to a public relations boost, to the company, at a low cost.
There are few business leaders that are as passionate about helping new businesses as Glen Wakeman. From his Software as a Service company, LaunchPad Holdings LLC., to his regular business advice on his blog, Mr. Wakeman has become an indispensable guru to entrepreneurs around the world.