Wellcome Trust builds cash pile as it warns on record high equity markets
One of the world’s wealthiest charitable foundations notes ‘exceptional levels’ of market concentration in tech stocks
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‘Takaichi trade’ roars back in Japan on election speculation
Stocks hit all-time high while yen weakens to lowest in 19 months as finance minister expresses concern
US defence companies’ generous buybacks make for an easy target
For a monopsonistic buyer such as the Department of Defense, profitability looks like an opportunity in disguise
Lawfare comes for the dollar
The attack on Jay Powell and the Federal Reserve is a serious threat to the position of the US currency
Coutts in talks with Apollo and Ares over private markets funds for rich clients
Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers