SpaceX set an IPO record. Now there’s hope that Anthropic could shatter it.
A new report says that some Anthropic investors expect the company to seek a $2 trillion to $3 trillion valuation, above SpaceX’s $1.7 trillion milestone.
A new report says that some Anthropic investors expect the company to seek a $2 trillion to $3 trillion valuation, above SpaceX’s $1.7 trillion milestone.
Munis were stronger on Monday, with a light calendar ahead of the Federal Open Market Committee meeting, as U.S. Treasuries richened and equities ended mixed. Processing Content Muni yields were bumped up to five basis points, depending on scale. UST yields richened up to four basis points. The strong day for munis and USTs is…
What followed was years of litigation against Central 1 and Grant Thornton arising from the same events. On February 29, 2024, UM commenced the action at issue, claiming $5 million for breach of contract, negligence, and misrepresentation. Its theory was that the two firms had misled UM and the courts about the effect of Grant Thornton’s discharge…
Ottawa is targeting a reduction in the non-permanent resident share of the population, from a peak of 7.6% to 5%, signalling further outflows ahead. Those temporary foreign workers and international students had previously absorbed significant rental supply across the country. Rental supply flood The timing could hardly be more consequential. That demand pullback has arrived precisely as…
LPL Financial returned to recruiting form in the second quarter with a net headcount gain of more than 300 and steep increase in assets from advisors pulled in from elsewhere. Processing Content LPL reported Thursday that it added 331 advisors net through recruiting from April to June, bringing the total to 32,475, while seeing its…
Accord Mortgages is reducing some product rates from its residential and buy-to-let ranges by up to 18bps. Within its buy-to-let range, the lender is trimming its two- and five-year remortgage products up to 75% LTV by up to 18bps. Accord is also extending its buy-to-let product end dates. The intermediary-only lender is reducing fixed-rate residential…
Key insight: Banks can price in risk and manage their way around both left-wing and right-wing administrations. But the kind of uncertainty that arises from today’s brand of politics is impossible to model. What’s at stake: The degree of uncertainty about the direction of future government policies today is far worse than what can be…