“No more Carlyle! No more Carlyle!” shouted Billy Porter.
It’s not so often you witness a protest inside the ritzy Carlyle Hotel, but the “Kinky Boots” actor was furious.
“Everybody leave right the f – – k now!” he said.
The “Pose” star and a slew of others — including yours truly, Corey Cott (“The Heart of Rock and Roll”) and Casey Cott (“Riverdale”).
Were getting kicked out of a suite on the 31st floor, where we were having a Tony Awards after-after-after party at 3 a.m. Monday morning, due to noise complaints.
“I don’t know who you are,” Porter said to two security guards who calmly demanded that only four people remain in the room that was occupied by more than 20. “But it’s wrong!”
Especially wrong was that the fridge was stocked with a case of Piper-Heidsieck Rare Champagne, which goes for $200 a bottle. Those poor bubbles went uncorked!
But the mantra on Broadway is “the show must go on.” Everybody discreetly scurried off onto the elevator and into other rooms instead.
Before that oh-so-dramatic fracas, Rick Miramontez’s famed Carlyle kegger was at full blast into the wee hours of the morning on the Upper East Side.
Best Actress in a Play winner Sarah Paulson (“Appropriate”) hit the dance floor, and Jonathan Groff, who won Best Actor in a Musical, sang “Old Friends” from his show “Merrily We Roll Along” at the piano in Bemelmans Bar with Billy Stritch and Jim Caruso.
Featured Actor winner Daniel Radcliffe was also with Groff in Bemelmans, beaming.
Eddie Redmayne, Nicole Scherzinger, Billy Eichner, Leslie Odom Jr., Jim Parsons and Ariana DeBose crammed in with the tuxedoed and frock’ed masses.
And talented “Tommy” star Ali Louis Bourzgui told me he was nervous to perform “Pinball Wizard” on the telecast earlier in the night in in front of so many theater luminaries — alongside The Who’s Pete Townshend, no less. But Tommy took a breath, and had a great time.
Across town, the team from “The Outsiders,” which won the Tony for Best Musical in a nail-biter, started their victory tour with a bash at Rosa Mexicano near Lincoln Center, where producer Angelina Jolie held court amidst the guacamole.
“She was kickin’ it!” an excited cast member told me.
More exclusive — and ragtag — was later, when the Oscar winner whisked the actors and creatives downtown to her Soho shop Atelier Jolie, handed out coffees and ordered everybody McDonald’s at 4 a.m.
“It was hilarious,” the actor said.
There was no war between the Greasers and Socs last night. They partied till 6 a.m.
Besides, the Carlyle, the second-biggest soiree — even though they lost — was thrown by Alicia Keys for her musical “Hell’s Kitchen.”
At the massive new art exhibit/museum/party venue Mercer Labs in Tribeca, Keys was joined by Liev Schreiber, Lupita Nyong’o, Taraji P. Henson, Amber Ruffin and Cynthia Erivo. Best Actress in a Musical winner Maleah Joi Moon and Featured Actress champ Kecia Lewis were there too.
Co-founder Michael Cayre told me that Keys wanted something “special” and bespoke for her fete, and chose the Roy Nachum-designed funhouse.
“Special” translates to, I kid you not, an area where a futuristic robot drew her lyrics in the sand and a mind-bending mirror room where “Empire State of Mind” was blared on a loop. Thirteen of Mercer’s 15 rotating exhibits were open to revelers and, with so much booze flowing, miraculously came out unscathed.
The word was that Keys would give an impromptu performance, but the “Girl on Fire” singer ultimately didn’t.
Nevertheless, on Tonys night New York City was definitely a concrete jungle that dreams are made of.
Well, for some people.
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Source: CNN
Capital Markets: An Overview
Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold. They provide a platform for raising capital, facilitating investment, and enabling the transfer of funds between savers and borrowers. The efficiency and stability of capital markets are crucial for the overall health of an economy.
Components of Capital Markets
Primary Market:
In the primary market, new securities are issued and sold to investors directly by the issuer. This is where companies raise fresh capital by issuing stocks (equity) or bonds (debt).
Key activities include Initial Public Offerings (IPOs), where companies go public by offering shares for the first time, and debt issuances, such as corporate or government bonds.
Secondary Market:
The secondary market is where existing securities are traded among investors. This includes stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ.
Provides liquidity, allowing investors to buy and sell securities easily.
Types of Securities in Capital Markets
Equities (Stocks):
Represent ownership in a company.
Common stocks offer voting rights and potential dividends, while preferred stocks offer fixed dividends and priority over common stocks in asset liquidation.
Debt Securities (Bonds):
Loans made by investors to issuers (corporations, municipalities, or governments).
Pay periodic interest and return the principal at maturity.
Types include corporate bonds, government bonds, and municipal bonds.
Hybrid Securities:
Combine elements of both debt and equity, such as convertible bonds (which can be converted into a specified number of shares).
Key Functions of Capital Markets
Capital Formation:
Enable businesses to raise funds for expansion, innovation, and operations.
Investors provide capital in exchange for potential returns through dividends or interest.
Liquidity Provision:
Secondary markets offer liquidity, allowing investors to easily buy and sell securities.
Facilitates the efficient allocation of resources.
Price Discovery:
Markets determine the fair value of securities based on supply and demand dynamics.
Prices reflect the collective assessment of a company’s future prospects and overall economic conditions.
Risk Management:
Investors can diversify their portfolios by investing in a variety of securities.
Derivative instruments (options, futures) are available for hedging against price fluctuations.
Participants in Capital Markets
Issuers:
Corporations, governments, and municipalities that raise capital by issuing securities.
Investors:
Individuals, institutional investors (pension funds, mutual funds, insurance companies), and foreign investors seeking returns on their investments.
Intermediaries:
Investment banks, brokerage firms, and financial advisors that facilitate the issuance and trading of securities.
Regulators:
Government agencies (e.g., Securities and Exchange Commission in the U.S.) that oversee market activities to ensure transparency, fairness, and investor protection.
Regulatory Framework
Regulation in capital markets aims to protect investors, ensure fair trading, and maintain market integrity. Key regulations and standards include:
Disclosure Requirements: Companies must provide accurate and timely information to investors.
Insider Trading Laws: Prohibit trading based on non-public, material information.
Market Surveillance: Monitor trading activities to prevent market manipulation and fraud.
Impact on the Economy
Capital markets play a vital role in economic growth by:
Facilitating Investment: Mobilizing savings into productive investments, driving business expansion and innovation.
Promoting Economic Stability: Providing mechanisms for risk management and capital allocation.
Enhancing Financial Inclusion: Allowing a broader range of participants to invest and raise capital.
Current Trends and Challenges
Technological Advancements:
The rise of fintech, algorithmic trading, and blockchain technology is transforming capital markets by enhancing efficiency and transparency.
Globalization:
Increased cross-border capital flows and integration of global markets present opportunities and risks.
Regulatory Changes:
Evolving regulatory landscapes in response to financial crises and market innovations impact market operations.
Sustainability:
Growing emphasis on Environmental, Social, and Governance (ESG) criteria in investment decisions reflects the shift towards sustainable and responsible investing.
Conclusion
Capital markets are the backbone of a functioning financial system, providing the necessary infrastructure for capital formation, investment, and economic growth. Understanding their mechanisms, participants, and regulatory frameworks is essential for navigating and leveraging these markets effectively. As markets evolve with technological advancements and global integration, staying informed about trends and challenges remains crucial for all stakeholders.