Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venture capitalists are struggling to raise money, signalling the end of an era of “megafunds” and a slowdown in start-up dealmaking over the coming years. Globally, venture firms raised $30.4bn from university endowments, foundations and
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The four biggest southern European economies have outgrown Germany by about 5 per cent since 2017, underlining the region’s two-speed recovery from recent shocks. Italy, Spain, Portugal and Greece have collectively added more than €200bn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has agreed to stay in its Canary Wharf office for another 14 years in a big boost to the east London financial centre that has been hit by high-profile tenant departures. The US
Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator There is something otherworldly about snakes. The slithering creatures feature heavily in religion, folklore and mythology: the serpent in the Garden of Eden that tempts Eve to eat forbidden fruit;
Stay informed with free updates Simply sign up to the Retail sector myFT Digest — delivered directly to your inbox. The US just suffered through a horrific retail crime wave, or so its big retailers would have us believe. Starting in late 2022, mentions of theft shot up 80 per cent on earnings calls, according
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. With less than eight months to go until an expected autumn UK general election, Rishi Sunak has a steep climb to avoid defeat. If he calls for an earlier summer vote, the ascent would become
Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace. The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Joe Biden said Israel “has not done enough” to protect aid workers and civilians in Gaza and blamed it for making it difficult to distribute humanitarian aid after the death of seven workers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For years, Elon Musk has been the not-so-secret weapon behind Tesla’s success. His reputation as an indefatigable tech maverick helped to make emission-free vehicles desirable, first for the Silicon Valley crowd then the world. Now,
More than 53,000 people fled Port-au-Prince in three weeks during March as gangs unleashed a wave of violence in Haiti’s capital, the UN said on Tuesday. Tens of thousands fled the city between March 8 and 27, as gangs expanded their presence with a series of attacks on government infrastructure and neighbourhoods that led embassies
The bankruptcy of Iowa City’s Mercy Hospital is closer to an end with the resolution last week of a dispute between the committee of unsecured creditors, which had filed a complaint on March 25, and trustee Computershare Trust and bondholder representative Preston Hollow Community Capital. The plan support agreement reached raised the estimated dollar amount
Municipals played catch up to U.S. Treasury weakness and sold off Tuesday as supply pressure and secondary selling caught up to the asset class. Equities ended down. Triple-A yields rose seven to 12 basis points, depending on the scale, while USTs yields rose up to four basis points. Before Tuesday’s selloff, muni yields have been
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs’ asset management arm has bought a stake in private credit specialist Kennedy Lewis Investment Management, as it looks to expand its reach in a fast-growing corner of markets. The bank’s Petershill Partners private
Cornell University plans to bring two deals totaling $1.11 billion, almost half of it taxable corporate CUSIP securities, this week and next. The university is expected to bring the $500 million Series 2024B taxable bonds to market Thursday. It will mature on June 15, 2034, with an option to redeem with a make whole call/par
Public-private partnerships and investment funds will be key to meeting infrastructure demands in the United States, where public debt won’t be enough to close the gap or cover the shift to decarbonization. That’s the message from Larry Fink, CEO of Blackrock, the world’s largest asset manager that in January made a major move into the
Dallas will offer $567.6 million of debt in two competitive sales Thursday as city officials continue to work on plans to fully fund pensions within 30 years and rating agencies warn of potential credit impacts from growing unfunded liabilities. The nation’s ninth largest city is selling $197.19 million of combination tax and revenue certificates of
The Financial Industry Regulatory Authority has fined and suspended Christopher Perillo, a former municipal securities representative for Academy Securities, for accessing study materials while taking the Series 52 exam. Perillo agreed to pay $5,000 and be suspended from the industry, without either admitting or denying FINRA’s findings that he violated Municipal Securities Rulemaking Board Rule
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Nato is drawing up plans to secure a five-year military aid package of up to $100bn, in a bid to shield Ukraine from “winds of political change” that could usher in a second Trump
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT 10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Last week, I discussed the poor state of democracy in a webinar organised by an Indian media organisation. After my presentation, a member of the audience asked why Indians should be interested in democracy at
When his partner decided to retire, bond attorney Brian Quint shuttered his San Francisco law firm and joined Stradling Yocca, Carlson & Rauth. Quint & Thimmig closed March 31 — exactly 27 years to the day that it opened on March 31, 1997. Brian Quint started work as of counsel at Stradling on Monday. Brian