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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is the author of ‘Chip War’ and adviser to Vulcan ElementsShortly after Beijing announced new restrictions on exporting rare earth minerals and the specialised magnets they make, the world’s auto industry warned of shortages that could force factory closures. China’s skilful deployment of rare earth sanctions this spring was probably the key factor in forcing Washington to reverse its tariff rises on the country. They represent a new era of Chinese economic statecraft — evidence of a sanctions policy…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan StanleyOnce the domain of pension funds, insurers and the uber-wealthy, private credit is undergoing a quiet transformation. Product innovation and technological advances are rapidly opening the door to a new class of investor: individuals who are affluent but not in the top-tier of the ultra-rich. One blended fund that invests in public and private assets now has a minimum investment of just…

[ad_1] Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Chinese investors are driving a sharp rally in mainland bank stocks listed in Hong Kong, as they hunt for alternatives to the near-record low yields offered by government debt.The Hong Kong shares of China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China have risen 36 per cent, 33.7 per cent and 25.4 per cent respectively over the past six months, beating the Hang Seng index as mainland Chinese investors pour record amounts of money…

[ad_1] Stay informed with free updatesSimply sign up to the Retail sector myFT Digest — delivered directly to your inbox.Shein has confidentially filed for an initial public offering in Hong Kong as the online fast-fashion retailer seeks to accelerate a drawn-out listing process and pressure the UK regulator into approving a London listing.The Singapore-based company, which was founded in China, privately filed a draft prospectus last week with Hong Kong’s exchange (HKEX) and sought the blessing of the China Securities Regulatory Commission, according to two people with knowledge of the matter. Shein, which retains the vast majority of its supply…

[ad_1] Sequoia Capital, one of the largest and oldest global VC firms, is facing pressure over a partner’s online remarks.Signatories self-identified as founders, investors, and tech workers have signed an open letter calling for Sequoia Capital to take disciplinary action against one of its high-profile partners after he called New York City mayoral Democratic nominee Zohran Mamdani an “Islamist” on X.As of writing, the letter appeared to have hundreds of signatures, though at least several of them appeared to be trolls using made-up or fake names.The list includes some business leaders who have previously raised capital from Sequoia-linked funds. That…

[ad_1] Stay informed with free updatesSimply sign up to the Fintech myFT Digest — delivered directly to your inbox.Metaplanet, the Japanese hotelier turned bitcoin purchaser, has said it is in a race with rivals to snap up as much of the cryptocurrency as possible so it can leverage its holdings to buy cash-generating businesses.Simon Gerovich, chief executive, told the Financial Times his company was in “a bitcoin gold rush” that could provide the launch pad to expand into areas such as digital financial services.The group, currently the world’s fifth-largest corporate buyer of bitcoin, set out an ambitious plan last month…

[ad_1] Tesla CEO Elon Musk formally launched his new political organization over the weekend — the “America Party” — and on Monday morning the markets reacted.Tesla shares fell nearly 7% and shed roughly $21 per share as of market closing at 4 p.m. ET.The launching of his political party was just another move in Musk’s very public feud with President Donald Trump, whom the SpaceX CEO donated at least $277 million to support during the 2024 presidential campaign.As a result, the world’s richest man’s net worth is $15 billion less than it was on Sunday, according to the Bloomberg Billionaires…

[ad_1] If Elon Musk ever had to write a cover letter, he might say that he’s the kind of leader who identifies an important problem and launches into action to find a solution — regardless of the odds.He wouldn’t be lying. It’s one of his primary traits as a business leader.Musk has a long history of founding and leading companies designed to tackle issues he feels need to be addressed. The latest example is his announcement over the weekend that he was moving forward with plans to create a new political party, the America Party for the “80% in the…

[ad_1] Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. Overbought or an opportunity? The relative strength index is one of many metrics traders and investors use to determine whether a stock is oversold or overbought. The thinking is that a reading below 30 shows a stock is oversold, while a result exceeding 70 suggests the name is overbought. Despite…

[ad_1] Apple’s head of AI models, Ruoming Pang, is leaving the company to work at Meta, Bloomberg reported on Monday. This marks the latest high-ranking AI executive Meta CEO Mark Zuckerberg has scooped up to lead his new AI superintelligence unit. Pang previously ran Apple’s in-house team that trained the AI foundation models that underpin Apple Intelligence and other on-device AI features, according to the report. Apple’s AI models haven’t exactly been a huge success — they’re far less capable than what OpenAI, Anthropic, and even Meta offer. Apple has reportedly even considered tapping third-party AI models to power its…