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Lawsuit against regulator is latest against chair Gary Gensler’s reform agenda
Gas and power trading has overtaken oil as the biggest source of profits in the sector, report finds
‘No one is really worried about small downturns,’ say investors
Yields have fallen in recent months despite warnings over rising deficit
Traders bet on three quarter-point cuts in 2024, down from expectation for six or seven at start of year
Fund managers turn to tech stocks after fears over lingering inflation recede
And more on the low-end consumer
Compromises on regulation will mean more vulnerabilities in a crisis
Plus, US settlement reform, record low US options, and Frank Auerbach at The Courtauld Gallery
Companies and their backers are starting to show more signs of acceptance of valuation cuts in ‘down round’ financing
Interest rates are shedding their suffocating dominance over global markets
After a rush to put money into private companies, the flow of funding has contracted sharply
Emissions of planet-warming gas are near record levels despite environmental pledges
Darren Woods explains ‘business is business’ as US supermajor pursues case that threatens $53bn Hess deal
Veteran dealmaker’s consolidator reports £27mn in losses after writing down ETF business
Institution adopts moratorium on accepting Shell and BP funds amid scrutiny of companies’ influence on academia
The FCA has said it will allow listing requests but only give access to ‘professional investors’
Private equity has piled into a veterinary market that is consolidating fast
Debt and climate-change-related crises increase need for International Development Association’s assistance
Prosecutors push back on convicted crypto kingpin’s pleas for leniency ahead of sentencing later this month
Shares have risen 65 per cent in the past year
Investors claimed chief executive misled them during an earnings call in 2018
Poor performance of ‘safer’ assets prompts a rethink
The inversion will continue until morale deteriorates
Plus, an update on Binance’s troubles in Nigeria
John Armitt says pension schemes need to ‘find the best possible opportunity’
Social media company cancels Steve Huffman’s performance awards based on hitting $25bn market value
Baillie Gifford’s flagship trust says it is capitalising on opportunity to buy its portfolio for less than the market value
Housebuilders already facing pressure over separate CMA investigation into suspected information sharing
UK telecoms group pledges to return €4bn to shareholders after ‘final step’ in reshaping of European operations
Redefining the future once again
Moscow-based insurer Ingosstrakh will not cover claims on tankers evading sanctions
Assets in US index-trackers now outstrip those in stock selectors as investors opt for a smoother ride
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