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Business
Jefferies boss sells $65mn in stock to buy a customer’s yacht
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jefferies chief executive Rich Handler has sold $65mn of…
Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion
New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to…
Meta proves AI hype has its limits
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investor tolerance for extravagant corporate spending on…
LARRY KUDLOW: A moral and political cancer of antisemitism is metastasizing throughout our colleges
A moral and political cancer of antisemitism is metastasizing throughout so many of our colleges and universities, unleashing all manner of campus conflict and violence. Joe…
Japan’s small EV battery suppliers feel the heat in race for scale
Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla. But many are struggling to keep pace…
New California bill would restrict line-skipping service Clear at airports in name of equity
New legislation being proposed in California would restrict the expedited security screening company Clear from operating in the state’s airports, as proponents say the…
BHP proposes takeover of Anglo-American in mining mega-deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BHP has proposed a takeover of Anglo American, in a deal…
TikTok CEO expects to defeat US ban: 'We aren't going anywhere'
TikTok's chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said…
Concord tops Blackstone in bidding war for Hipgnosis
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hipgnosis Songs Fund has found itself at the centre of a…
Media mogul Soo Kim files racial discrimination suit against FCC: Not ‘right type of minority’
FIRST ON FOX – Media mogul Soo Kim filed a lawsuit on Wednesday accusing the Federal Communications Commission of derailing an $8.6 billion deal to purchase Tegna Inc. because…