Billion Private Sector

Private-sector hiring slows: ADP

Hiring in the U.S. private sector and pay growth slowed down in December last year across several industries, according to a report released on Wednesday. The Always Designing for People (ADP) ...

The Hill - Jan. 9

Hochul Seeks to Limit Private-Equity Ownership of Homes in New York

Widespread purchases of single-family homes by institutional investors may be contributing to soaring housing prices and low vacancy rates across the country.

The New York Times - Jan. 9

Anthropic in Talks for $2 Billion Funding Round

The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

The New York Times - Jan. 8

Trump’s Wind Turbine Threats Could Leave the Sector Spinning

President-elect Donald Trump pledged to halt development of wind energy projects, a threat that could slow offshore wind beyond his term.

Inc. - Jan. 8

AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.

Inc. - Jan. 8

Can Americans end our abusive relationship with private health insurance?

What we mainly fear is that “breaking up” with the current private insurance model would be even worse

The Hill - Jan. 8

Back to office disputes spread across UK public sector

Staff at Land Registry to take industrial action after being ordered back to their desks three days a week

Financial Times - Jan. 8

Private sector companies added 122,000 jobs in December, less than expected, ADP says

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

CNBC - Jan. 8

Toyota invests $44.4M in private Japanese spaceflight company

Yahoo News - Jan. 7

Getty Images, Shutterstock to Combine in $3.7 Billion Deal

Getty shareholders will own about 54.7% of the combined company, which will retain the Getty name. Shares of both companies surged on the news.

The Wall Street Journal - Jan. 7

Anthropic in talks to raise funding at $60 billion valuation

AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.

CNBC - Jan. 7

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 - Jan. 7

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 - Jan. 7

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 valuations

Financial Times - Jan. 7

CNBC Daily Open: The AI sector still has legs to run

Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector. The S&P and Nasdaq posted two straight days of gains.

CNBC - Jan. 7

Phillips 66 to Buy EPIC NGL for $2.2 Billion

Phillips 66 will buy EPIC NGL for $2.2 billion to help the Houston oil refiner grow its Permian midstream business.

The Wall Street Journal - Jan. 6

‘Evolution not revolution’: Can the private sector help cut NHS waiting lists?

Keir Starmer has vowed to make better use of existing capacity to reduce massive backlog

Financial Times - Jan. 6

Citigroup’s stock is a banking-sector bargain as ‘inflection point’ looms, analyst suggests

Barclays analyst Jason Goldberg upgrades Citigroup to overweight from equal weight on bullish 2025 prospects.

MarketWatch - Jan. 6

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 problem

Financial Times - Jan. 6

Private equity to lobby Trump for access to savers’ retirement funds

Industry hopes incoming administration will open long-restricted private investments to individual investors

Financial Times - Jan. 6

One million sign petition to ban private use of fireworks in Germany

Yahoo News - Jan. 5

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 rebound

Financial Times - Jan. 5

U.S. Plans $8 Billion Sale of Arms, Including Bombs, to Israel

The Biden administration notified Congress of a weapons package for Israel that is one of the largest new arms sales since the war in Gaza began.

The Wall Street Journal - Jan. 4

Biden administration plans $8 billion weapons sale to Israel

State Department tells Congress of a planned $8 billion weapons sale to Israel.

ABC News - Jan. 4

State Dept. Tells Congress It Plans to Send $8 Billion in Arms to Israel

The arms transfer could be the final one the Biden administration provides to Israel. President Biden has largely ignored critics of Israel’s war in Gaza who have urged a halt to weapons aid.

The New York Times - Jan. 4

Apple to pay $95m to settle claims Siri listened to users’ private conversations

Settlement of proposed class-action lawsuit represent nine hours of profit for Apple, which has denied wrongdoing. Apple has agreed to pay $95m in cash to settle a proposed class-action lawsuit ...

The Guardian - Jan. 3