Private equity’s capitulation is delayed, not cancelled
Efforts to delay exits may help firms avoid worst of a crunch, but the day of reckoning still beckons
National/regional news and analysis
Calpers to direct $25bn to green private market investments
US public pension plan says it will look at real estate, private equity and infrastructure
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
Vanguard chooses former BlackRock executive Salim Ramji as CEO
The first outsider to lead the $9tn money manager will take up his role in July
‘This is Bill. Bill Hwang’: US jury hears founder’s call to Archegos lenders
Recording comes in trial over whether investor and other executives duped Wall Street banks that lost billions
Citi executive responsible for implementing thousands of job cuts quits
Titi Cole, one of the most senior Black women in finance, departs, while outgoing PwC US head Tim Ryan joins bank
US imposes sanctions on entities involved in Raiffeisen’s aborted Deripaska deal
The parties had conducted an ‘attempted sanctions evasion scheme’ connected to the Russian oligarch, Washington says
Weather risk can move markets months in advance: Stock traders pay attention to these 2 long-range climate forecasts
Months before winter arrives, traders are watching for clues in the long-range weather forecasts. Mario Tama/Getty ImagesTo understand how important weather and climate risks are to the economy, watch investors. New research shows that two long-range seasonal weather forecasts in particular can move the stock market in interesting ways.
Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.
Dairy me, now the CFTC wants a piece of the $191mn Cowzi scheme
Heifty stuff, even in a bull market
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