Top Fed official signals support for July rate rise to tame ‘hot’ economy
Lorie Logan thought June policy tightening would have been ‘appropriate’ to temper inflation risks
Central banks
Ministers, your central bank needs you!
In our new, much messier economic era, strict separation of monetary and fiscal policies has had its day
Central banks
Generali snaps up Conning to create one of Europe’s largest asset managers
Italian insurer acquires US investment group from Cathay Life
Mergers & Acquisitions
Meta’s Threads is a throwback to the giddy early days of Twitter
Launch of Mark Zuckerberg’s social network as a rival to Elon Musk’s platform sparks excited online chatter
Social Media
Threads/Twitter: copycat app hits Elon Musk where it hurts
For Meta, new social media app Threads represents low-hanging fruit
Social Media
Louis Vuitton redesigns Tambour watch after shift to boutique horology model
Inspired by the house’s famous trunks, Jean Arnault aims to increase the exclusivity — and price — of the timepieces
Luxury goods
Xpeng/EVs: JPMorgan defies army of short sellers
US bank is optimistic about the Chinese carmaker but investors should tread carefully
Electric vehicles
‘Green nationalism’ endangers the global energy transition
Also in today’s newsletter, the US clean energy jobs boom continued in 2022
Renewable energy
Man Group moves into private credit with US fund Varagon purchase
Private credit market continues to grow as interest rates rise and companies seek alternatives to bank finance
Mergers & Acquisitions
FIS agrees to sell majority stake in Worldpay to buyout group for up to $18.5bn
Sale to GTCR will be one of the biggest corporate carve-outs in history
Mergers & Acquisitions