Over the wall 📶
Got more: Canadian investment firm Brookfield raised $12 billion for flagship private equity fund.
Signed transaction: PNC bought a portfolio of capital-commitments facilities worth $16.6 billion, mostly to private equity sponsors, that were arranged by failed Signature Bank.
Paper weight: As of 2023 billions of paper bills are still being used for the $25 trillion global cargo trade.
Fund raising: Anduril Industries are in talks to raise $400 million to $500 million in convertible notes.
Real high: Recently US mortgage rates hit a twenty year high, topping 7.5% for the first time since November 2000.
Football: Saudi Arabia will bid to host the men’s soccer World Cup in year 2034.
Did you know: Apple previously considered, but rejected DuckDuckGo to replace Google on Safari’s private mode.
Cost of borrowing: In 2023, 10-year and 30-year yields both hit their highest levels since 2007.
Breaking status quo: In 2001, the BRICS held 19% of global GDP in purchasing power parity terms. As of 2023, including additional countries set to join the group, the overall share is 36%. With forecast rising to 45% by 2040.
Moving on: AT&T is exploring options for its 70% stake in DirecTV as the end of an agreement allows it to sell its interest.
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