And Coinbase joins the S&P 500

Investors cool on retail chain a little over a year after a restructuring led by billionaire Daniel Křetínský

Investors say Treasury market is already at an ‘inflection point’ as fiscal worries rise

Japanese suitor is also promising to add thousands of jobs in bid to win over Donald Trump

Plus, Spacs make a comeback and UBS trials AI analyst avatars

WIG index up more than 28% this year as one of world’s top performing bourses, helped by Germany’s fiscal ‘bazooka’

US borrowing costs climb after Moody’s credit rating downgrade

Strong demand for secondary offering in Hong Kong expected to lift amount raised to $5.3bn

The founder of one of China’s top-performing quant funds explains how his team of young computer scientists are using machine learning to disrupt the sector

Anglo-Australian miner doubles down on critical mineral buying almost 50 per cent stake in partnership with Codelco

Credit downgrade is symbolic blow to American prestige and should spur Washington to get its fiscal house in order

UK legislation will reduce uncertainty and create an additional barrier to entry for would-be rivals

Regulations intended to prevent a repeat of bailouts after 2008 crisis

Woke Marxist Moody’s

Lending to buyout firms and private credit groups is up 20% in a year to $1.2tn

Loosening of tax evasion rules aims to coax billions of undeclared dollars back into formal economy

Yields on 30-year US Treasuries hit highest level since 2023 on debt concerns

Plus bright spots in US consumer sentiment

Plus, Bill Ackman’s big bet, Hong Kong shares outperform, and the call of Patagonia

The asset class is not the simple panacea that policymakers and investors might want