Federal Reserve proposes more transparency in bank stress tests, but banks still sue

Private equity funds have struggled to meet investor expectations, with payouts falling short for the third consecutive year due to a deal drought. Cambridge Associates estimated a $400bn shortfall in payments over the past three years, prompting firms to explore new ways to return cash to investors. While there is optimism for increased merger and acquisition activity in 2025, concerns remain about the industry's ability to sell assets at realistic valuations, with some assets being...

Entrepreneur contributors express their own opinions through curated themes found in books of the year, highlighting topics like calming anxiety, math-mindedness, good aging, rethinking higher education, generosity-first leadership, saving humanity in the age of AI, the female lens in history, finding purpose, climate solutionism, the citizenship imperative, quiet leadership, and the importance of friendships as an antidote to loneliness. These books offer insights into relevant issues for entrepreneurs and professionals heading into 2025 and beyond....

Companies like Singapore Technologies Engineering (STE) are worth considering due to their double-digit revenue and profit increases, diversified customer base, and 3.5% dividend yield. STE, with businesses in defence, commercial aerospace, and urban solutions, reported strong revenue growth across its divisions, with DPS leading at 18%. The company's global presence, healthy order book, and focus on high-value activities make it a strong investment option with a "strong buy" rating from analysts and a 3.53% dividend...

In a recent share buyback, Elon Musk's SpaceX became the most valuable private company, offering employees $185 per share, a 65% increase from the previous price of $112. Thanks to a surge in investor interest following his relationship with Donald Trump, Musk's companies like Tesla and xAI have seen significant gains, benefiting Baillie Gifford-managed investment trusts with exposure to SpaceX. Despite risks associated with private investments, Baillie Gifford's successful strategy has led to substantial returns,...

US banking lobby groups have filed a lawsuit against the Federal Reserve over stress testing, seeking transparency in the process and models used. The lawsuit aims to push for changes in the stress test framework for large US banks like JPMorgan Chase and Bank of America, with a focus on making results less volatile. The industry groups are calling for more visibility into the Fed's stress test models and scenarios, and are aiming to have...

In 2023, over 305,000 U.S. workers lost their jobs due to mass layoffs, impacting the tech industry and beyond. Scott Goodfriend, a Meta employee, chose to start his own business, Ultimate Food Tours, after being laid off. Other entrepreneurs like Alaa El Ghatit and Carlos Ugalde also found success with their side hustles, earning significant revenue after losing their jobs. While building a side hustle into a lucrative business can be challenging, taking a principles-first...