The Currency

LONDON— Mohamed Al Fayed was a rags-to-riches story, having gone from selling lemonade in his native Egypt to the top of British society as the owner of the fabled Harrods department store and the Fulham soccer club, and a friend to royalty. He was also, according to claims made after his death, one of the most notorious sex offenders in modern business history. Hundreds of w...

Three hours before the U.S. played Paraguay in the World Cup in June, Ricky Zaragoza was standing outside SoFi Stadium in Inglewood, Calif., with his father and no tickets. He had waited for this day since March 2025, when he paid $2,162.90 for a pair of seats as a birthday gift for his dad. Four days earlier, Zaragoza had called online ticketing platform StubHub to say his t...

In 2010, four years after Facebook launched in Europe, Rob Leslie had a hunch. He felt privacy “was going to be a thing”. “When I started looking at this, nobody gave a shit about privacy; it was give me your data, give me as much as you can and I’ll promise you the world, and it’ll all be fine and dandy,” he recalls. “I’m old enough to know that’s the story until it all goes...

At the US Federal Reserve’s July 27 Federal Open Market Committee (FOMC) meeting, the Fed left rates unchanged at 3.50 per cent – 3.75 per cent, as was widely expected. Ahead of the meeting, the overnight index swap (OIS) market had priced in a 25bp rate hike with a 35 per cent probability. This pricing struck me as being highly unrealistic, because it was a meeting in which ...

Silvercrest Asset Management Group, the ultra-high-net-worth wealth advisor, has announced its first two hires in its new Dublin office. Fintan Maher has been appointed head of Silvercrest’s European office while Colm Galvin, a founding Partner of MGK Capital Partners, is also joining its senior leadership team. Founded in 2002 Silvercrest has $25 billion (€21.66 billion) in ...