Sandwich chain Jersey Mike’s files for IPO as Blackstone eyes windfall
Private equity group targets valuation of up to $12bn for purveyor of cheesesteaks and cold-cut heroes
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Apollo struggles to sell Hispanic grocer after US immigration raids hit sales
Investors and analysts say customers’ fear of Trump’s deportation campaign weakened the private equity-owned chain
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era
A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
FCA criticises investment firms for unintelligible disclosure documents
UK financial watchdog also bans ‘double-dipping’ as it pushes to improve treatment of customers
Inside Donald Trump’s new financial disclosures
Also in today’s newsletter, US opts not to renew trade deal with Mexico and Canada
U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%, according to the Dow Jones consensus.