The race to poach freshly minted bankers from Wall Street’s biggest firms has finally reached its limit. Private equity shops looking to fill out their 2024 associate classes were forced to do a second round of recruiting this year after initial efforts fell short, according to an analysis by recruiter Odyssey Search Partners. Eager to beat competitors, many buyout shops started reaching out to banks’ first-year trainees just a few weeks after they began work in 2022. But the newly arrived dealmakers weren’t quite ready to boast about their prowess. Some had yet to complete a single deal. Tap the link in bio for the full story. 📷: Michael Nagle/Bloomberg

To be the world's most liveable city you need great infrastructure, top-notch health and education systems and a plethora of cultural facilities. Vienna has it all. The Austrian capital has topped the Economist Intelligence Unit’s Global Liveability Index for a second consecutive year, edging out Copenhagen and Melbourne. The shift back to normality after the Covid pandemic reshaped the ranking for 2023, with Asia seeing some of the biggest improvements. Three UK cities were among those falling furthest down the rankings, while Damascus, Syria came in last. Tap the link in our bio to see the top and bottom 10. (via @citylab) 📷: Andrei Pungovschi/Bloomberg

Who would win in a Las Vegas cage fight between Elon Musk and Mark Zuckerberg? If the tech billionaires' social media posts are to be believed, we'll soon find out. Musk tweeted that he was "up for a cage match" in response to Meta's plan to roll out a service to compete with Twitter. Zuckerberg responded on Instagram with a screenshot of Musk’s comments with the caption: "Send Me Location." So... is it on? Tap the link in our bio for the full story. 📷: Win McNamee/Getty Images, Chip Somodevilla/Getty Images

Indian Prime Minister Narendra Modi’s trip to the US couldn’t have come at a better time. ⁣ ⁣ A buzzing economy, equity benchmarks at record highs and a rapidly growing consumer market all make for a great advertisement as he pitches the country’s potential to American corporate executives and investors. Stocks in India have lured a net $8.7 billion in foreign inflows since March, set to be the most in any quarter since the end of 2020.⁣ ⁣ Modi’s visit promises more: Tesla is likely to make a significant investment in India, CEO Elon Musk said after meeting the South Asian nation’s leader, who also urged Bridgewater Associates founder Ray Dalio to deepen investments in the country. GE and India’s Hindustan Aeronautics are set to sign an agreement during Modi’s trip to produce engines for India’s fighter jets. Read more at the link in our bio.⁣ ⁣ 📷: Indian Press Information Bureau

Stockton Rush, founder of the company that owns the missing submersible craft that was on its way to view the Titanic wreckage, has said safety is “pure waste.” “I mean if you just want to be safe, don’t get out of bed, don’t get in your car, don’t do anything,” Rush said in a 2022 podcast with CBS reporter David Pogue. “At some point, you’re going to take some risk, and it really is a risk-reward question.” That mindset is now coming into focus as rescuers race to find the Titan, which has Rush and four other passengers on board and is likely running out of oxygen. Tap the link in bio for the full story. 📷: Wilfredo Lee/AP Photo

Eat Just and Upside Foods have received approvals from the US Department of Agriculture to sell cell-based chicken commercially, the companies announced.⁣ ⁣ It’s a historic moment for the cultivated meat and seafood industry, which has raised nearly $3 billion for more than 150 companies around the world. Chefs José Andrés in Washington and Dominique Crenn’s restaurant Bar Crenn in San Francisco will debut the new chicken.⁣ ⁣ “It’s a giant step forward towards a more sustainable future — one that preserves choice and life,” Upside CEO Uma Valeti said. Tap the link in bio for the full story.⁣ (via @bloombergpursuits) ⁣ 📷: GOOD Meat

“The process of getting inflation back down to 2% has a long way to go,” Federal Reserve Chair Jerome Powell says during his semiannual monetary policy report to the House Financial Services Committee. Link in bio for more.

Hunter’s Wellington boots were the rare product that could unite Britain — from the royal family to pop stars, countryside to city. Functional yet chic, their $175 tall rain wellies became a British icon. But a combination of supply chain problems, Brexit, inflation and unseasonably warm weather pushed Hunter Boot into administration, entering the UK’s version of bankruptcy with debts listed at about £115 million ($146 million). It’s a far cry from Hunter’s heyday in the 2000s and 2010s, when the boots were regularly spotted on celebrities like Kate Moss and Alexa Chung at music festivals. But this isn’t the end of the brand. Tap the link in our bio to see what took the spring out of Hunter’s step. (via @bloombergpursuits) 📷: Ian Gavan/Getty Images

One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.” Morgan Stanley’s Michael Wilson, whose outlook for a market slump in 2023 has yet to materialize, said fading fiscal support, lower liquidity and falling inflation will weigh on the US equity rally in the second half of the year. He’s also concerned that stocks are “as stretched as they can get” in a narrow performance that’s been driven by excess liquidity from March’s banking deposit bailouts. To read more about Wilson’s prediction, tap the link in bio. 📷: Mark Kauzlarich

Singapore Airlines has unseated Qatar Airways as the world’s best airline in 2023, according to an annual poll of passengers. The Middle Eastern carrier slipped into second place in the World Airline Awards, just ahead of Japan’s ANA and regional rival Emirates — though Qatar did still dominate categories for business class offerings. Delta was the only US airline to scrape into the top 20. Tap the link in our bio to see the full list. (via @bloombergpursuits) 📷: Bryan van der Beek

The epicenter of the restaurant world has shifted from Copenhagen to Lima. Central, in the Peruvian capital, has been named the best restaurant on the planet by World’s 50 Best. The dynamic tasting menu from chef Virgilio Martinez features ingredients from across Peru’s diverse landscape, from potatoes sourced from of the heights of the Andes mountains to sea urchin from the ocean. Tap the link in our bio for the rest of the top 100, and our exclusive interview with Martinez. (via @bloombergpursuits)

Mark Mobius has spent his career traveling the world, visiting far-flung companies. So we asked him: where are the greatest opportunities in emerging markets? The veteran fund manager told us he’s still invested in China, despite the risks of a confrontation over Taiwan. But the numbers, he says, tell a better story in India — where the population is larger and younger, and the economy is growing faster. As for specifics, Mobius is particularly interested in Indian infrastructure — and Korea’s beauty industry. Tap the link in our bio to see his tips in full, along with expert guidance on how to play the themes in an ETF. 📷: Simon Dawson/Bloomberg