The Edinburgh Worldwide Investment Trust (EWIT) has generated a near 950% return on its long-held investment in Elon Musk’s Space Exploration Technologies, better known as SpaceX, underscoring one of the most successful private-market bets in its portfolio. The investment has also become a focal point in a growing dispute with the trust’s largest shareholder, activist… Continue reading Edinburgh Worldwide’s SpaceX bet delivers nearly 950% return
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From Walgreens to EA: 2025 marked a banner year for take-private deals
Global public markets lost a significant number of companies to private equity in 2025, as boards and investors reassessed the costs and constraints of remaining listed amid volatile markets and rising regulatory burdens. From retail and software to gaming and human capital management, a growing number of companies opted to go private, encouraged by abundant… Continue reading From Walgreens to EA: 2025 marked a banner year for take-private deals
Tesla finds stability in energy as Rivian tests key resistance levels
Tesla’s profit mix is shifting toward its energy business, a trend one Seeking Alpha analysis argues supports a prudent buy-on-pullbacks stance at about a $1.63 trillion valuation. At the same time, Rivian shares have rebounded sharply to $21.38, but now confront three stacked resistance levels that may define the next move. According to Seeking Alpha… Continue reading Tesla finds stability in energy as Rivian tests key resistance levels
Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit
Markets tiptoed into Christmas with records on thin ice. US equities notched fresh highs in a shortened session, Japan saw a landmark private-equity exit under activist pressure, oil rebounded on growth optimism shadowed by geopolitics, and crypto remained stuck in holiday limbo. Precious metals quietly stole the spotlight as uncertainty lingered. Here’s what moved, and… Continue reading Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit
Wall Street close: S&P 500 ends at record high, Dow gains 289 points
Wall Street closed higher for a fifth consecutive session on Wednesday, with the Dow Jones Industrial Average gaining approximately 300 points to reach a fresh record high as investors welcomed weaker-than-expected inflation signals. The S&P 500 also hit an intraday record of 6,937 despite mixed breadth, though technology stocks like Nvidia pulled back sharply as… Continue reading Wall Street close: S&P 500 ends at record high, Dow gains 289 points
Europe bulletin: FTSE slips, US-EU clash escalates, Secure Trust’s big move
European markets drifted into the Christmas break as thin trading left the FTSE slightly lower, even as the index capped a standout year of outperformance. Politics, meanwhile, moved faster than markets: Washington’s visa bans on EU tech figures sharpened a transatlantic clash over free speech and regulation, while Paris pushed to shape Ukraine’s security future.… Continue reading Europe bulletin: FTSE slips, US-EU clash escalates, Secure Trust’s big move
Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020
Gold prices took a breather on Christmas Eve after rising above the psychologically-crucial level of $4,500 per ounce. Silver prices also fell slightly on Wednesday, after having hit a series of record highs in the last few weeks. Prices had breached $72.7055 per ounce for the first time ever earlier in the session. Meanwhile, oil… Continue reading Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020
KKR, PAG to buy Sapporo Real Estate for $3B as Japan embraces private equity
A consortium led by private equity firms KKR and PAG has agreed to acquire Sapporo Holdings’ real estate subsidiary in a deal valued at about $3 billion, marking another high-profile transaction as Japanese companies increasingly shed non-core assets and embrace foreign capital. Sapporo Holdings said on Wednesday that the deal to sell Sapporo Real Estate… Continue reading KKR, PAG to buy Sapporo Real Estate for $3B as Japan embraces private equity
Morning brief: Asian shares advance as Yen slides; Gold hits record on rate-cut bets
Asian markets began the week on a firm footing, buoyed by technology-led gains on Wall Street, while gold surged to fresh record highs amid expectations of easier US monetary policy. Elsewhere, China kept its benchmark lending rates unchanged despite weak economic data, and ride-hailing firms Uber and Lyft announced plans to trial driverless taxis in… Continue reading Morning brief: Asian shares advance as Yen slides; Gold hits record on rate-cut bets