Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investors
Read more at Financial Times
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Senate report slams private equity's "detrimental effects" on hospitals
Two private equity firms' efforts to wring profits out of hospitals in underserved communities put patients in danger, according to a new report by a powerful Senate committee.CBS News - 50m -
Blackstone joins private equity deal wave in US accounting sector
Acquisition of Citrin Cooperman from New Mountain Capital for $2bn marks a step up in valuationsFinancial Times - 4h -
Donald Trump Jr. arrives in Greenland for a brief "private visit"
Greenland's government says Donald Trump Jr. is visiting in a private capacity, so it won't discuss his presence as his father vows to make it part of the U.S.CBS News - 3h -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - 1d -
US set for IPO comeback as private equity firms seek to offload holdings
Bankers hope strong 2024 gains for Wall Street equities and pro-business policies will drive listings reboundFinancial Times - 2d -
100% stocks for retirement? A new study says dump the 60/40 portfolio and target-date funds.
An all-equity portfolio, with a focus on international stocks, could be the key to maximizing retirement wealth, research suggests.MarketWatch - 3d -
U.S. Private Equity Shot Up in 2024, Signaling a Potential ‘Golden Age’ Ahead
New data from PitchBook paints a positive picture of the U.S. PE landscape.Inc. - 4d -
Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - 4d
More from Financial Times
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Meta ends third-party fact-checking scheme as it prepares for return of Trump
Facebook owner to copy community notes pioneered by Elon Musk’s XFinancial Times - 2h -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - 2h -
Is the US stock market in bubble territory?
Valuations might be frothy but don’t seem nuttyFinancial Times - 2h -
Musk’s war on America’s allies
The question of whether he is speaking for Trump is urgent for EuropeFinancial Times - 6h -
Trump refuses to rule out force to take Greenland and Panama Canal
US president-elect also vows to rename Gulf of Mexico as ‘Gulf of America’ and to impose tariffs on alliesFinancial Times - 8m
More in Business
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Frontier plans new flights from JFK to big American Airlines hubs Miami, Los Angeles and Dallas
Frontier said fares would start as low as $19 for JFK-Miami service.CNBC - 2m -
U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.CNBC - 2m -
My brother is squatting in a house that my siblings will eventually inherit. How do we get him out?
“We lost our dad 12 years ago and have been caring for our 82-year-old mom, who still lives independently.”MarketWatch - 5m -
Trump says he will revoke Biden offshore drilling ban on first day in office
An order by Trump attempting to reverse the ban will likely end up in court and could ultimately be struck down.CNBC - 7m -
Trump refuses to rule out force to take Greenland and Panama Canal
US president-elect also vows to rename Gulf of Mexico as ‘Gulf of America’ and to impose tariffs on alliesFinancial Times - 8m