One thing to start: Elon Musk’s X has raised about $1bn in a new equity funding round that values the social media company at $44bn, bringing its valuation back in line with the price the billionaire paid in 2022. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is … Read more
A handful of European stocks have become a battleground for retail traders taking on hedge fund short sellers, in a campaign with echoes of the “meme stock” craze that gripped Wall Street during the Covid-19 pandemic. Companies including Germany’s Hensoldt and Renk Group and French satellite business Eutelsat have surged in recent weeks, far outstripping … Read more
Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. The author is prime minister of Luxembourg Europe is at a critical moment in its history. Our challenges — geopolitical, demographic, ecological, digital — demand a quick, effective response. We must deliver solutions … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management Is this the beginning of a period of European exceptionalism in markets? Six months ago, most investors would have … Read more
If your eight-day work trip was unexpectedly extended by nine months, you might expect to rack up some overtime pay. Not so for Suni Williams and Butch Wilmore, the NASA astronauts who spent 278 extra days on the International Space Station after their spacecraft malfunctioned. On Tuesday, they splashed down off the Gulf Coast of … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China is boosting state support for domestic minerals exploration as policymakers increase efforts to achieve President Xi Jinping’s ambition for resource self-sufficiency amid intensifying competition with the US. Over the past year, at … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Data centre operator CoreWeave will seek to raise as much as $2.7bn in a US initial public offering that is expected to be the largest tech listing of the year, according to people close to … Read more
An international team of astronomers on Wednesday unveiled the most compelling evidence to date that dark energy — a mysterious phenomenon pushing our universe to expand ever faster — is not a constant force of nature but one that ebbs and flows through cosmic time. Dark energy, the new measurement suggests, may not resign our … Read more
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Greenpeace has been ordered to pay hundreds of millions of dollars in damages over its protests against an oil pipeline in North Dakota, a decision that the environmental campaign group said could bankrupt … Read more
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The Federal Reserve has slashed its US growth forecast and lifted its inflation outlook, underscoring concerns that Donald Trump’s tariffs will knock the world’s biggest economy. The Fed’s latest set of projections showed officials now … Read more