Markets
Stocks, bonds, deals, and the forces moving global capital.
Markets
Fed Chair Kevin Warsh Faces a Yield Tightrope in First Jackson Hole Speech
Investors looked to Warsh's keynote for clarity on inflation and rates, but the Fed chair stuck to his pattern of withholding forward guidance even as long term Treasury yields sit at their highest level since 2007.
2 min read
Markets
Humanoid Robot Maker Unitree Soars in Shanghai Debut, Founder's Fortune Tops $16 Billion
Shares in the Hangzhou robot maker surged more than sixfold on their first day of trading, pushing founder Wang Xingxing's stake past sixteen billion dollars and into the top tier of Chinese tech wealth.
2 min read
Business
Jeff Bezos Joins Investor Group Taking a Multibillion-Dollar Stake in Liverpool FC
An investor group including Jeff Bezos, Facebook co-founder Eduardo Saverin, and the Mittal family has agreed to buy about 30 percent of Liverpool FC in a deal valuing the Premier League club at roughly 7.4 billion dollars, with a path to majority control within a year.
3 min read
Business
BingCard Makes Signing Up Effortless. Its Reviewers Say Getting Money Out Is Not
The crypto card provider advertises no ID, no proof of address, and no credit checks, but its Trustpilot page has been flagged for a guidelines breach and is dominated by reviewers who say deposits go in easily and withdrawals never come back out.
3 min read
Policies & World
Germany's Economy Minister Warns the AfD's Rise Could Scare Off Investors
Katherina Reiche says growing support for the far-right AfD could unsettle the foreign investors Berlin is courting as it seeks at least 3.75 trillion euros of private capital by 2040 ahead of its first Invest in Germany summit in October.
4 min read
Markets
Noura Elmassaoudi: Reimagining the Bavarian Dirndl for a New Generation
The dirndl is deeply rooted in Bavarian identity, but for Munich-based fashion entrepreneur and designer Noura Elmassaoudi, tradition is not something that has to remain static. Her approach is to pr…
1 min read
Markets
Coinbase Makes Luxembourg Its European Home With a MiCA License and Big Ambitions
Coinbase has won a MiCA license from Luxembourg's CSSF, giving it a single regulated base to passport crypto services across the European Union as chief executive Jean-Baptiste Graftieaux pitches the exchange as a partner to banks rather than a rival.
3 min read
Business
PwC Germany Bolsters Its Healthcare Dealmaking With Two Senior Hires in Frankfurt
PwC has added Jens Gerlach and Julian Knirim as partners in Frankfurt to expand its corporate finance and mergers advisory in healthcare, importing a pair of bankers with more than 15 years each and over 100 transactions between them.
2 min read
Markets
Commerzbank Opens the Door to Takeover Talks With UniCredit After Months of Resistance
Chief executive Bettina Orlopp told staff that Commerzbank will hold talks with UniCredit about a possible tie-up, a thaw that comes after the Italian bank built a stake of roughly 48 percent in its German rival.
2 min read
Wealth
How Private Credit's Master of Disaster Built an 800 Million Dollar Fortune
Leonard Tannenbaum has extracted more than 670 million dollars in fees, dividends, and stock sales since 2008, building an estimated 800 million dollar fortune even as the public funds he ran trailed the market or lost value for their shareholders.
4 min read
Markets
What's Driving Tungsten Demand?
The tungsten market is at historic highs. Rotterdam APT pricing of tungsten is US$3,185 per metric tonne unit, representing an increase of roughly 350% year-to-date, and surging around 900% over the…
4 min read
Business
Lucio Tan's Philippine Airlines Orders Up to 34 Jets From Airbus and Boeing
Four years after emerging from bankruptcy, the Tan family flag carrier commits to as many as 34 wide body jets, splitting its biggest order in years between Boeing Dreamliners and Airbus A350s.
3 min read
Business
Made for Germany Coalition Lifts Its Investment Pledge Past 800 Billion Euros
A business alliance built to restore faith in Germany's economy says its members now plan to commit more than 800 billion euros by 2028, up from 631 billion at launch, even as its own leaders warn the country needs more reform and steadier politics to earn it.
3 min read
Policies & World
Germany Prepares Its Terms for a UniCredit Takeover of Commerzbank
Berlin is shifting from resistance to negotiation, drawing up conditions on the Mittelstand, a Frankfurt base and an independent listing as UniCredit closes in on nearly half of Commerzbank.
3 min read
Innovation
AI Agents Can Now Spend Your Money. The Hard Part Is Getting You to Let Them
The payment rails that let software agents buy on their own are already live at Visa, Mastercard and beyond. The missing piece is trust, and the rules that would make handing over your wallet feel safe.
4 min read
Business
Three Paths for Volkswagen as It Weighs Its Own Breakup
Europe's largest carmaker is contemplating the most radical overhaul in its history, including the once unthinkable idea of splitting itself apart. Politics, not strategy, may decide which way it goes.
4 min read
Policies & World
Germany Pledges to Defend Its Trade, Signaling a Harder Line on China
Berlin has promised to shield its companies from unfair competition as part of a sweeping economic package. The language avoids naming China, but the target and the shift in posture are unmistakable.
4 min read
Markets
Jersey Mike's IPO Filing Reveals a Family on the Payroll and a $41 Million Jet
The sandwich chain's path to the public market comes with an unusually candid look at founder generosity, including tens of millions paid to relatives and a private aircraft for the man who built the company.
4 min read
Business
Germany Signals It Will Back Tougher EU Trade Action Against China
Berlin has long been the most cautious major voice in Europe on China. Its shift toward supporting tariffs and other trade defenses could hand Brussels the weight it needs to confront its largest trading partner.
4 min read
Business
Mayer Brown Hires a Veteran Bond Lawyer to Bolster Its Frankfurt Practice
The firm has poached one of Germany's most experienced debt capital markets lawyers from a rival, the latest sign of how fiercely global law firms are competing for talent in Europe's financial capital.
4 min read
Business
Eurex Deepens Its Asian Push With a Securities Finance Membership in Singapore
A quiet trade association membership out of Singapore points to a larger contest. Europe's biggest derivatives exchange is steadily wiring itself into the plumbing of Asia's fast growing securities lending market.
4 min read
Business
German Business Activity Shrinks Again as Services Drag on Europe's Largest Economy
A closely watched survey showed private sector output falling for a third straight month in June, with a slumping services sector outweighing a steadier factory floor and raising fresh doubts about the German recovery.
4 min read
Business
Adani and Abu Dhabi's IHC Commit $11.3 Billion to an Indian Aluminum Giant
A 50:50 joint venture will build a fully integrated aluminum complex in Odisha, pairing Gautam Adani's industrial ambition with patient Gulf capital and a bet on the metal that electrification demands.
4 min read