Author: arthursheikin@gmail.com

[ad_1] CNN  —  Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks. The first company, known for now as “Streaming & Studios,” will be led by CEO David Zaslav, and the second company, “Global Networks,” will be led by CFO Gunnar Wiedenfels. “The separation aims to provide each company with greater strategic flexibility and focus,” the company said in a statement. Warner Bros. Discovery intends for the corporate breakup to take effect by mid-2026. Monday’s announcement…

[ad_1] Most CEOs keep board meetings private.But for the first seven to eight years of building the data management firm Rubrik, Bipul Sinha let every employee in.”We put the board meeting in a large conference room,” the CEO and cofounder said on an episode of “The Logan Bartlett Show” published Friday. “We let people sit on the ground if needed.””People could ask questions, so it was not a webinar style,” Sinha said. “We’ve had situations where people actually asked hard questions in the middle of the board meeting.”As many as 800 staff members tuned in to some of these sessions,…

[ad_1] Good morning. On Friday, the May jobs report came in much better than feared. The US private sector added 139,000 jobs and the unemployment rate held steady at 4.2 per cent. There were soft spots, including downward revisions for March and April. But broadly speaking, this was a good report. The US stock market approved, rising 1 per cent on Friday. The Fed looks set to hold rates steady for a while longer — despite the president’s demands. Email us: unhedged@ft.com. TeslaEveryone saw it coming. When Donald Trump and Elon Musk made their pact ahead of the 2024 election, it…

[ad_1] Ark Invest’s Cathie Wood said she would invest in Elon Musk’s Tesla if she were only allowed to pick one stock.Wood was speaking to investor Steven Bartlett on his podcast “The Diary Of A CEO” when Bartlett asked for her top stock pick. The full interview with Wood aired on YouTube last week.”Because, think about it. It is a convergence among three of our major platforms. So, robots, energy storage, AI,” Wood said of Tesla.”And it’s not stopping with robotaxis, there’s a story beyond that with humanoid robots, and our $2,600 number has nothing for humanoid robots. We just…

[ad_1] Hong Kong CNN  —  A new round of trade negotiations between the United States and China is set to begin Monday in London as both sides try to preserve a fragile truce brokered last month. The fresh talks were announced last week after a long-anticipated phone call between US President Donald Trump and Chinese leader Xi Jinping, which appeared to ease tensions that erupted over the past month following a surprise agreement in Geneva. In May, the two sides agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period. The mood was upbeat. However,…

[ad_1] New York CNN  —  Major Apple announcements from its annual developers conference the past two years heralded big changes — which, so far, have largely fallen flat. This year, the tech company badly needs to deliver a win. Apple’s weeklong Worldwide Developers Conference, teased with the tagline “on the horizon,” kicks off with a keynote at 1 pm ET on Monday from its headquarters in Cupertino, California. The annual event is where the company announces updates to the software that runs on billions of Apple devices used worldwide. The iPhone maker is expected to announce relatively modest updates to…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world’s largest sovereign wealth fund is calling for urgent reform of Europe’s capital markets including harmonised tax, insolvency and supervisory rules to ensure the continent does not fall further behind the US and Asia in competitiveness.Norway’s $1.9tn oil fund is the biggest single owner of European assets, owning on average 2.5 per cent of every listed company on the continent.But the share of European equities in its total assets has fallen from 26 per cent to 15 per cent in…

[ad_1] Hedge funds are circling more than a dozen distressed companies in France, as a string of economic shocks pushes growing numbers of businesses in the country towards painful restructurings.Restructuring advisers and distressed debt investors said they were monitoring struggling mid- and large-cap French companies, often owned by private equity groups.One of EQT’s portfolio companies, care home provider Colisee, is restructuring its debt, while another, lab operator Cerba, is at risk of doing so, people familiar with the cases said.Other indebted private equity-owned companies at risk of needing to restructure include Partners Group’s real estate services business Emeria and Apollo’s…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Politicians on both sides of the Atlantic are hell-bent on steering more pension money into private markets. The Trump administration is considering an order that would open up American employees access to private markets through their 401k pension plans. This would give Main Street an entrée into a high risk adventure playground that has hitherto been the preserve of Wall Street and big professional investors.Continental European regulators have been relaxing liquidity rules and price caps in defined contribution pension schemes. And…

[ad_1] CNN  —  A long-held stake by a handful of hedge funds may finally yield returns under the Trump administration, but it risks sending shockwaves through America’s $12 trillion mortgage market. Last month, President Donald Trump said he had plans to take mortgage financing giants Fannie Mae and Freddie Mac public. Such a move would end 17 years of federal government conservatorship over the two companies, which have played a central role in America’s housing finance system by providing liquidity to the mortgage market. Some experts warn that severing Fannie and Freddie from government control could raise mortgage rates and…