Events Newsletters
rotating globe
Privacy© 2024 Semafor Inc.
  • D.C.
  • BXL
  • Lagos
  • Riyadh
  • Beijing
  • SG
Events Newsletters
  • D.C.
  • BXL
  • Lagos
Semafor Logo
  • Riyadh
  • Beijing
  • SG
rotating globe
IntelligentTransparentGlobal

Semafor business

Blackstone, Gulf sovereign fund eye private-fund stakes

The business of Wall Street firms buying pieces of each other is booming.
Courtesy of Mubadala

EU taps Emanuele Tarantino as new chief competition economist

The Italian academic is tasked with guiding the bloc as it tries to balance reining in Big Tech with innovation.
Johanna Geron/Reuters

China’s domestic struggles won’t change its trajectory in Washington

No matter the economic indicators that show growth slowing for America’s chief economic rival, the next president and Congress want to get even tougher on Beijing.
Senate Majority Leader Chuck Schumer, D-N.Y.Anna Rose Layden/Reuters

Dockworkers strike poses political dilemma just before election

In the New York City area alone, nearly 100,000 containers are now waiting to be unloaded, with 35 more container ships on their way.
Docked cargo ships.Mike Segar/File Photo/Reuters

Ex-Amex CEO Ken Chenault is a top candidate for jobs in a Harris administration

The Democratic donor, who was one of the only Black CEOs of a major company, could be up for Treasury secretary if Harris wins.
Democratic National Convention/YouTube

US central bank chief hints at how rest of 2024 could play out

The Federal Reserve’s committee in charge of interest rate cuts meets next in November.
Tom Brenner/Reuters

US inflation cooled significantly, boding well for the Fed’s ‘soft landing’ plan

The US Federal Reserve’s preferred inflation metric fell more than expected, likely boosting its confidence to continue cutting interest rates.

OpenAI, founded as a charity, plans to become a for-profit company

The move would put more corporate controls around the world’s most powerful emerging technology.

Caroline Ellison sentenced to two years in prison over FTX collapse

Judge Lewis Kaplan lauded Ellison for her testimony against Sam Bankman-Fried.

Wall Street jockeys for jobs as election nears

A centrist group of financiers largely cut out of past administrations eyes positions ahead of Nov. 5. One wants to run the CIA.

US consumer confidence falls the most in three years

The report mirrors the US Federal Reserve’s concerns about a slowing labor market that prompted its 0.5 percentage point rate cut last week.

In ‘Money Trap,’ an ex-SoftBank executive revisits the madness

Alok Sama tells the story of SoftBank’s $100 billion money machine, which foresaw the rise of AI but misfired on WeWork, robot pizzas, and “Uber for dogs.”

Fed’s big rate cut ‘screams of interference’ in election, Trump adviser says

Reaction from Trump world shows the fight is now over who gets credit for what looks like a soft economic landing: “Why couldn’t this wait until the day after the election?”

Trump’s growing tax cut promises will give GOP a huge headache

Republicans concede they have a “math problem” when it comes to the former president’s ambitious, and hugely costly, array of new tax ideas.

Lobbying efforts against China tariffs are growing in some Western countries

Germany joined Spain in pushing back against the EU’s proposed curbs on Chinese EVs ahed of a critical vote on levies in the bloc next week.

Top US antitrust cop says DOJ will overhaul how it reviews bank deals

The agency plans to look more broadly at financial services, a move that could sweep companies that have largely avoided regulatory scrutiny.

Biden’s top trustbuster faces a battle to survive, even under Harris

Sure, Wall Street donors dislike Federal Trade Commission chief Lina Khan. But she’d also have a harder time than before with GOP senators.

US approves tariff hikes on Chinese goods, including a 100% duty on EVs

The hikes, which also include a 25% tariff on EV batteries, will come into force on Sept. 27.