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Private equity payouts fell 50% short in 2024

Rewrite the Stay informed with free updatesPrivate equity funds cashed out just half the value of investments they typically sell in 2024, the third consecutive year payouts to investors have fallen short because of a deal drought. Buyout houses typically sell down 20 per...
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Assad’s Syrian stronghold prepares for life after the regime

Rewrite the On a recent morning in the Syrian province of Latakia, more than a hundred former soldiers stood quietly, their eyes wide and cautious as they waited to register with the country’s new rebel rulers. A man in fatigues walked around with a...
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Joe Biden and Democrats seal judicial confirmation push to beat Donald Trump’s tally

Rewrite the Unlock the White House Watch newsletter for freeJoe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during his first...
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Defaults on leveraged loans soar to highest rate in 4 years

Rewrite the Unlock the Editor’s Digest for freeUS companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that followed the Covid pandemic.Defaults in the global leveraged loan market — the...
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The Juan Soto wealth effect: Soaring athlete salaries attract wealth management firms

Rewrite the A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Skyrocketing salaries for top athletes and...
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Syria dissolves rebel factions as al-Sharaa consolidates power

Rewrite the Unlock the Editor’s Digest for freeSyria’s rebel factions have agreed to disband and become part of the interim government’s defence ministry as the new administration rushes to consolidate power within revamped institutions.The new government’s commander-in-chief Ahmed al-Sharaa — former head of Islamist...
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