A University’s Wall Street playbook

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Sept. 25, 2024

Students at Northeastern University in Boston, MA on Sept. 12, 2024. Photographer: Sophie Park/Bloomberg

Read the story As more American colleges buckle under fiscal pressure, one school is rapidly expanding to bolster its finances and attract new students. Northeastern University, once known as a Boston commuter school, has a dedicated mergers and acquisitions team that's snapped up flailing competitors from New York to California. It'll soon own more than 10 million square feet of real estate across 14 campuses globally. Enrollment is up more than 15% since 2019 and applications are approaching 100,000 a year, pushing the school's acceptance rate below 6%—rivaling some Ivy League schools. Some in the industry see Northeastern as a potential glimpse into the future of private colleges, but its remarkable growth has come at a price. Read The Big Take. In case you missed it… China's central bank cut interest rates on one-year policy loans by the most on record on Wednesday. The move is part of a sweeping stimulus package that amounts to a massive adrenaline shot for the economy. Will it be enough to reverse the slump—or just buy time to fix deeper problems?

Listen to the podcast Is the almighty dollar losing its might? Talk of alternatives to the currency—especially among some emerging market powers—has grown louder in recent years, but it still looks like a longshot. On today's Big Take Asia Podcast, Bloomberg's Saleha Mohsin discusses what, if anything, could put the greenback's dominance in danger.  Subscribe and listen on iHeart, Apple and Spotify.

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