FT Markets

Anthropic is an opportunity to rethink IPO rules

To protect retail investors, we should stop permitting the deferral of stock-based employee compensation costs

Copper and conflict trigger record profits for Japan’s commodity traders

Mitsui chief warns geopolitical risks continue to be ‘unpredictable rather than calming down’

Seriously, stop worrying about market concentration

And maybe worry more about what markets are concentrated in 

How audacious London debt trader Hamza Lemssouguer came unstuck

Arini Capital Management went from start-up to Mayfair mainstay in four years. Now it is fighting to hold on to its bets

Global stocks slide as Democratic wins stoke fears for AI boom

Traders bet Democrats could slow infrastructure build-out central to economic growth

Crisis widens at top platinum refiner as probe exposes metal test manipulation

German group Heraeus alleged to have understated precious metals content in material processed for 450 customers worldwide

Cricket Australia chief defends controversial sale plan

Todd Greenberg on private investment and the push to stay competitive in the global game

What Binance's historic heist means for crypto

A chill wind in the AI credit market

Investors are demanding more to finance the data centre boom

‘The new frontier of finance is built in the United States of America’

Perp talk

In the shadow of war, Silicon Valley sprinkles stardust

While the US energy sector stayed away from the Adipec conference in Abu Dhabi, the tech sector worked its magic

Marshall Wace hit as hedge funds suffer in October’s AI rout

Wall Street’s tech correction and bond market turbulence spark losses for sector

Cinven to buy women’s health group Theramex in €2.6bn deal

Carlyle and PAI Partners agree to sell specialist in menopause and osteoporosis treatments

Shell to sell Australian gas stake to Abu Dhabi’s XRG for $1.5bn

Move part of Anglo-Dutch oil major’s strategy to shed mature assets

A new threat to the New York-based stock exchanges

Texas Stock Exchange tries to join the big leagues

North Korean hackers expected to take months to launder stolen Binance billions

Tokens are visible on public blockchains and have been split into small packages in an attempt to stop them being traced, experts say

The inconvenient truths of Nixon’s legacy

Maga supporters would do well to ponder his economic shadow, which continues to do damage today

The $6.3bn Binance hack shows how centralised crypto has become

Blockchains are not the problem; it is the ecosystem around them that has introduced technological vulnerabilities

Alstom shares tumble 28% after train maker cuts profit forecast

French group also sets out plan to cut €2bn in debt in second major profit warning under new chief Martin Sion

Unpicking Microsoft’s free cash flow

Plus: stock-bond correlations (again)