[ad_1] How much would the US government be worth if we valued it using a discounted cash flow (DCF) model like any other firm? A new paper by Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, and Mindy Z. Xiaolan tackles that very question. The exercise is simple and straightforward. Every US citizen and taxpayer in a sense owns a stake in the US government. The US government creates revenue through taxes and in return delivers goods and services to its stakeholders. Meanwhile, the US government takes on debt that it must repay sometime in the future. It can raise debt…
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[ad_1] TOKYO (AP) — Asia shares mostly fell in Monday trading as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners. Japan’s benchmark Nikkei 225 lost 2.7% to finish at 38,520.09. Australia’s S&P/ASX 200 declined 1.8% to 8,379.40. South Korea’s Kospi dropped 2.5% to 2,453.95. Hong Kong’s Hang Seng dipped 0.3% to 20,160.42, while trading was closed in Shanghai for a holiday. Analysts said Asian markets were bracing for volatility set off by a possible trade war escalation. “The implications for trade restrictions could result in reduced global trade flows, supply chain shifts which could mean…
[ad_1] European markets are expected to open sharply lower Monday after U.S. President Donald Trump imposed trade tariffs on several countries and threatened to do the same with the European Union and U.K.The U.K.’s FTSE 100 index is expected to open 116 points lower at 8,563, Germany’s DAX down 498 points at 21,217, France’s CAC down 166 points at 7,772 and Italy’s FTSE MIB down 901 points at 35,708, according to data from IG.European markets are set to react negatively to President Trump’s decision at the weekend to slap 25% tariffs on imports from Mexico and Canada and a 10% levy…
[ad_1] CHENNAI: CPI state secretary R Mutharasan on Sunday demanded the arrest of a private finance company’s officials and a Thoothukudi Deputy Superintendent of Police (DSP) for the death of a lorry driver Sankaran who consumed poison in protest against the attachment of his house for non-payment of a loan.In a statement, Mutharasan said that Sankaran (45), a lorry driver from Vallanadu Perumal Kovil Street, Thoothukudi district, was forced to take the extreme step over a paltry loan of Rs 5 lakh, taken from a private financial firm in 2020, by mortgaging his house. The Left leader said that even…
[ad_1] “Frontier investing” by Iantoons This new cartoon illustrates how the venture capital industry is evolving. The venture capital industry was for a long-time a cottage industry, where many investors would not want to travel outside a day’s drive of Sand Hill Road in Silicon Valley. While the industry expanded from less than 500 VCs in the mid-1990s to 2,500 today, many of the top investors still believe that the industry is more art than science. A Harvard Business School working paper by Paul Gompers investigated how VCs’ personal networks and prior successes influenced their deal sourcing and investment choices. The paper’s…
[ad_1] Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here.Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One scoop to start: The Trump administration’s embrace of cryptocurrencies is helping fuel a speculative mania that could cause “havoc” when prices collapse, hedge fund manager Elliott Management has warned.In today’s newsletter:DeepSeek’s “wake-up call” to AI investorsThe short sellers who remain after Hindenburg’s…
[ad_1] There is no doubting the fast-growing popularity of co-investing among limited partners. For years, institutional LPs of all types and sizes have looked to grow their allocations to co-investment opportunities with general partners for many reasons, including the fact that co-investments are frequently offered on a no-fee, no-carry basis. This reduced fee burden is essential to driving higher risk-adjusted returns. Co-investments can also be quite beneficial to GPs, especially in helping to right-size equity checks and deepen relationships with LPs. In a slower private equity environment, co-investing has become, if anything, even more attractive to both LPs and GPs.…
[ad_1] Oil field, Alberta, CanadaNorm Betts | Bloomberg | Getty ImagesOil prices are likely to fall in the longer run after the initial jump following President Donald Trump’s implementation of hefty tariffs on Canada, Mexico and China, said industry watchers. Over the weekend, Trump followed through on his long-threatened 25% tariffs on imports from Canada and Mexico, as well as a 10% duty on goods from China. Energy resources from Canada will be subject to a lower 10% tariff.The U.S. West Texas Intermediate rose 1.75% to $73.8 per barrel, while U.S. gasoline futures also climbed. RBOB Gasoline futures were last up…
[ad_1] Cellectar faces Nasdaq delisting over share price rule [ad_2] Source link
[ad_1] (Bloomberg) — The Treasury yield curve flattened the most in 11 weeks on concern US President Donald Trump’s move to unleash tariffs on top trading partners may push the economy into stagflation. Most Read from Bloomberg Yields on benchmark two-year Treasuries rose four basis points to 4.24%, while those on the 10-year dropped three basis points to 4.51%. The gap between the two shrank the most since Nov. 14 on an intraday basis. Trump made good on his threat to impose levies on the exports of Canada, Mexico and China, fueling the risk of a tit-for-tat trade war. With…