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Vulcan Value Partners Q4 2025 Letter
Portfolio Review All of our strategies had positive returns for the year. These results are detailed in the table below.…
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Is the US about to screw SWFs?
Just ahead of Christmas, the US Inland Revenue Service dropped a bunch of proposed changes to Section 892 of the…
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What will Trump mean for personal wealth?
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…
China hits US farm goods with tariffs as trade war escalates
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FT economists’ poll: Germany can spend almost €2tn without harming growth
The German government could take on just under €2tn in debt over the next decade…
Russia imposes fees to stem flood of low-cost Chinese cars
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Can Mark Carney win an election in Canada and a trade war with the US?
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Mark Carney to replace Justin Trudeau as Canada’s prime minister
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
AI frenzy leads US venture capital to biggest splurge in three years
US start-ups are raising more cash than at any point since 2021 thanks to investor…
Ukraine seeks to persuade US to resume aid in high-stakes talks
Ukraine will try to persuade the US to resume intelligence and military support in high-stakes…
America needs a serious opposition
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…
Romania bans Georgescu from presidential election
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Trump does not rule out recession as he rejects business fears over tariffs
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The sobering new state of feminism
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Japan seeks tariff reprieve after Donald Trump questions long-standing defence pact
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Elon Musk seeks Italian presidential meeting to salvage Starlink deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
The US economy is heading for recession
Happy Sunday. This week I return to the US economy. The odds of a recession…