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SpaceX and OpenAI IPOs are unlikely to bring skyrocketing returns that Amazon and Apple did, as companies go public later in life and early...

Elon Musk’s SpaceX is expected to soon become a public company in what may be the biggest initial public offering in history. But my new research suggests that investors who buy shares of the company...

Getting $750 a month didn’t end homelessness – but our study shows it still improved the lives of homeless people

Can giving homeless people US$750 a month to use any way they choose help them move into long-term housing?I am the director of the University of Southern California Homelessness Policy Research Institute. My research...

An all too special relationship

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe US-UK “special relationship” is usually dismissed as a figment of British imagination. The joke goes that the relationship...

Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns | Fortune

From the mid-2000s through the late 2010s, San Francisco was a magnet for young graduates driven largely by Web 2.0 and the mobile tech boom. It was a cool city that boasted high-paying jobs and promised a breezy West...

World’s top energy traders wrongfooted in early days of Iran war

Stay informed with free updatesSimply sign up to the Oil myFT Digest -- delivered directly to your inbox.The world’s biggest energy traders struggled to capitalise on the market turbulence in the early days of the Iran war, as they...

The SpaceX IPO is great — but it won’t deliver 100x returns  | Fortune

With SpaceX filing for an initial public offering, the tone in markets is unmistakably bullish. Analysts are already calling it “one of the year’s most-anticipated market debuts” and “one of the largest IPOs ever.”Unlike the outdated IPO framework of...

SpaceX filing kicks off largest IPO process in history

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be...

Luigi Mangione’s federal trial has been pushed back to October in killing of UnitedHealthcare CEO | Fortune

A judge on Wednesday granted Luigi Mangione only a slight delay of his federal trial in the killing of UnitedHealthcare CEO Brian Thompson, moving it from September to October instead of next year, as his lawyers had wanted.U.S. District Judge Margaret...

Why Michael Jackson’s daughter, Paris, won’t stop ‘til she gets enough from his estate

When Michael Jackson died in 2009,his fairly straightforward 5-page will left everything he owned to a family trust – an estate planning technique for giving away property that allows for privacy. The trust benefits Jackson’s...

The NFL draft brings economic gains – and hidden public safety costs

When the NFL draft comes to town, the host city’s hotels, bars and restaurants fill, while its downtown gets three days of national exposure.Detroit’s 2024 draft drew more than 775,000 fans and generated a...
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Cambodia unveils a statue of famous landmine-sniffing rat Magawa

The statue honours the late African giant pouched rat who sniffed out more than 100 landmines during his lifetime. Source...
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