Empire Codex

Splitting the difference

Over the wall 📶

Opportunistic view: Steffen Meister, the chairman of $142 billion European investment giant Partners Group sees “record levels of transactions again in a few quarters time, and actually exceeding that.”

The separation: Carrier Global is exploring listing its commercial and residential fire unit on the stock market as part of a split.

Homing disaster: New US home construction dropped 11.3% in August 2023 to the lowest level since June 2020.

Needing help: Amazon hiring 250,000 people for holidays in 2023, 100,000 more than 2022.

Dipping down: The global smartphone market fell 7.8% in the 3 months ended in June 2023, the eighth consecutive quarter of year-over-year contraction.

Another level: Global debt rose by $10 trillion in the first half of 2023 to a record $307 trillion.

Insured scam: Estimates show that approximately 39 million US homes are insured at artificially suppressed prices compared with the risk they actually face.

Borrowing more: Reportedly, Japan’s Kioxia is in talks with banks to ready $14 billion in loans to fund its merger with Western Digital.

Funding the fund: Goldman Sachs raised $14 billion for PE secondaries fund.

The burn: FedEx terminated more than 10,000 people since last summer of 2022.

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