Suri Cruise looked pretty as a princess when she was seen heading out for her high school prom in New York City with a handsome date.

Who slightly resembles her estranged father Tom Cruise.

Katie Holmes’ lookalike daughter, 18, was spotted outside the Ascent Lounge and talking to friends on a sidewalk as she headed to a waiting car.

The youngest child of action movie star Cruise, 61, appeared to be in a great mood as she smiled plenty while chatting up her friends.

Including – DailyMail.com can exclusively reveal – Toby Cohen, a fellow high school graduate and budding musician.

Who appears to have accompanied the teen to the milestone event as her date. 

At one point the New Yorker – who has already chosen her college – posed for photos with Toby, who attended LaGuardia High School alongside the teenager and is set to attend the prestigious Berklee College of Music in Boston in the Fall, while Suri will head off to Carnegie Mellon in Pittsburgh. 

Suri looked stunning in a floral print corset-style dress with a maroon piping. The look consisted of a bustier top that came in at the waistline, accentuating her slim figure, and a skirt that went to her knees.

The dancer added high-heeled gold strappy shoes as she went bare legged for the milestone event, which traditionally takes place during the end of the senior year of high school. 

There appeared to be no sign of Holmes, 45, but there was a woman in a black coat taking photographs of Suri, who turned 18 in April, as she posed up with Toby – who is preparing to study songwriting and voice at Berklee – and several other pals. 

Meanwhile, Suri’s estranged actor father Cruise was last seen flying a helicopter in London where he has been spending much of his time lately.

Suri’s high school is LaGuardia High School of Music & Art and Performing Arts, often referred to simply as LaGuardia, which is a public high school specializing in teaching visual arts and performing arts. 

The prom group was spotted outside the Ascent Lounge in Columbus Circle in New York City. 

Suri had a purple flower corsage on her wrist from her prom date Toby, revealing that the teen was following with tradition.

The budding star wore her hair parted in the middle and down in soft summer waves.

She also had on pretty makeup with a plum-toned lip that went with the dark maroon accents in her dress. And tying in the color, she had her nails painted a matching dark plum tone.

Suri was seen walking into a building with Toby, who had on a dark blue suit with light brown leather dress shoes. And he had a white flower boutonniere on his jacket that was likely from Suri.

Both Suri and Toby had gold rings on their wedding fingers. Suri also added a purple gemstone ring on her index finger and small gold earrings.

They held hands which made it clear he was her date for the big night and at another point he held her arm as he guided her into a building.

And when they posed for photos, he put his hands around her waist. 

She also posed with several female friends; one had on a blue dress with a hot pink scarf around her shoulders; another had on a long royal blue gown and the third was elegant in a pink and black dress with black strappy heels.

Toby showed off his artistic skills as he got behind the camera to snap photos of the group. 

Suri was also seen posing for photos with another man in a dark suit who appeared to be her pal’s date.

There were hints that Suri was going to attend prom this summer as she was seen looking at dresses three weeks ago in New York City.

The star was spotted at a dress shop in lower Manhattan.

But the dress could belong to her fashion minded mother Katie, who recently shared that her only child often ‘steals’ clothing out of her closet. Holmes is known for wearing designer gowns from her pals like Zac Posen. 

Cruise has also hinted where she will attend college as she wore a Carnegie Mellon University sweatshirt in early June.

DailyMail.com exclusively revealed she has been accepted into Pittsburgh’s prestigious Carnegie Mellon University – which is about a two-hour flight, or a nine-hour drive from Berklee, where Toby will be studying. 

Suri revealed her Tartan pride in a playful TikTok where she and her friends each wore their chosen college’s sweatshirt and revealed the name to the camera.

Suri, whose famous father has had no part in her upbringing, has always been determined to forge her own way.

She applied to a host of colleges with the artistic teen ‘leaning towards’ studying fashion.

Carnegie Mellon’s School of Design is one of the oldest and most highly ranked programs in the country.

Now, with her acceptance into its hallowed halls, a notably chic mother and a wardrobe said to be worth $5million, Suri is off to the best possible start if that is her chosen path.

One insider told DailyMail.com: ‘She is a smart girl, and she is turning into a very intelligent mature young woman. She has a very close group of loyal friends, and she knows exactly where she comes from.’

But though Holmes will surely be proud of her daughter’s stellar achievement sources say she is ‘overwhelmed’ at the thought of sending her little girl off to college.

Speaking recently, one told DailyMail.com: ‘Katie takes great pride in her but is also extremely overprotective.’

Perhaps it’s little wonder given that, for the past 11 years, Holmes has effectively raised Suri solo. 

Sixty-one-year-old Cruise’s only input to his daughter’s life has been financial and he hasn’t been seen with his daughter since 2013, after Holmes quit both the marriage and the Church of Scientology – the religion to which Cruise is so devoted.

According to their divorce settlement, Cruise agreed to pay Holmes $400,000 a year until Suri turned 18 and will continue to pay for her college fees as well.

Under the terms of their agreement, though he may be physically absent from his daughter’s life, he has and will continue to cover, ‘medical, dental, insurance, education, college and other extracurricular costs.’

But despite having little if any relationship with her dad, Suri is, according to sources, a happy and well-adjusted teen who has loved growing up in New York City.

Earlier this week she was seen out running in the city’s Central Park as she enjoyed an early morning workout in the June sunshine.

Later she switched workout gear for a simple white summer dress paired with brown boots as she headed out to dinner in Soho with her mother and grandmother, Kathleen Stomer-Holmes.

Holmes and Cruise had reportedly been keen to co-parent when they initially divorced in 2012. 

But Cruise’s religion proved a bar to any continued contact with his ex-wife and child, just as it did to his former spouse, Nicole Kidman.

The 56-year-old actress has had no relationship with the son and daughter that she and Cruise adopted since she left the Church of Scientology, and they remained in it.

Non-believers are deemed ‘suppressive’ by Scientologists and despite the Church’s official denials multiple former Scientologists speak of being forbidden from having any continued relationship with people who have left the Church, regardless of the nature of their relationship.

Meanwhile, Katie has already come up with projects to keep her busy after Suri leaves for college.

The actress, who has created her own capsule collection with French brand A.P.C., wants to become the next celebrity to launch her own beauty line, according to the Sunday Times. 

‘Absolutely, I would love to,’ she told the outlet when asked if cosmetics were part of her future plans. 

Over the past few years, Holmes has focused on moviemaking and getting more stage experience. 

She wrote the script for, starred in and directed the 2022 romantic drama Alone Together, about a couple in a bad relationship who end up at the same upstate New York vacation rental.

That project was followed by 2023’s Rare Objects.

Holmes co-wrote the script, directed and starred in the story of a young woman recovering from trauma who regains her confidence after finding a job in an antique shop. 

‘I’d like to continue to write and direct my own films,’ she told the outlet,’ adding, ‘Maybe write a few books – fiction.’

The actress also returned to the stage in 2023, starring in The Wanderers. 

Recently, Holmes was asked to create her own collection with A.P.C.

‘I really look at other people that have an innate sense of style. And I’m like, “Oh – that with that! OK, that’s cool.”

‘I’m always looking for inspiration’ she said.

‘I like to mix and match classic pieces. I like vintage a lot. 

‘Living in New York City I have to have things that are practical and comfortable. The city influences my style.’

Those practical pieces include, ‘ballet flats, sneakers, baggy jeans and a T-shirt,’ she said. ‘I like putting it together in a way that doesn’t look like you put it together.’

For the collection she visited the A.P.C. archives for inspiration. ‘I remember the 90s as being about looking really simple and very natural.’ 

‘That’s what I wanted this collection to embody – pieces that are cool but not recognizable and can fit into your existing wardrobe seamlessly.’ 

That seems to be part of Holmes’ innate style. As a teenager, she always brought someone with her on photos shoots to make sure she wasn’t sexualized.

‘I didn’t want to be the sexy young thing. I am not sexy,’ she told Glamour.

‘I used to have a friend of mine come to all my photo shoots to make sure that they didn’t try to make me that way! I guess I just wanted to be an actor.’

Follow us to see more useful information, as well as to give us more motivation to update more useful information for you.

Source: New York Post

Capital Markets: An Overview

Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold. They provide a platform for raising capital, facilitating investment, and enabling the transfer of funds between savers and borrowers. The efficiency and stability of capital markets are crucial for the overall health of an economy.

Components of Capital Markets

Primary Market:

In the primary market, new securities are issued and sold to investors directly by the issuer. This is where companies raise fresh capital by issuing stocks (equity) or bonds (debt).

Key activities include Initial Public Offerings (IPOs), where companies go public by offering shares for the first time, and debt issuances, such as corporate or government bonds.

Secondary Market:

The secondary market is where existing securities are traded among investors. This includes stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ.

Provides liquidity, allowing investors to buy and sell securities easily.

Types of Securities in Capital Markets

Equities (Stocks):

Represent ownership in a company.

Common stocks offer voting rights and potential dividends, while preferred stocks offer fixed dividends and priority over common stocks in asset liquidation.

Debt Securities (Bonds):

Loans made by investors to issuers (corporations, municipalities, or governments).

Pay periodic interest and return the principal at maturity.

Types include corporate bonds, government bonds, and municipal bonds.

Hybrid Securities:

Combine elements of both debt and equity, such as convertible bonds (which can be converted into a specified number of shares).

Key Functions of Capital Markets

Capital Formation:

Enable businesses to raise funds for expansion, innovation, and operations.

Investors provide capital in exchange for potential returns through dividends or interest.

Liquidity Provision:

Secondary markets offer liquidity, allowing investors to easily buy and sell securities.

Facilitates the efficient allocation of resources.

Price Discovery:

Markets determine the fair value of securities based on supply and demand dynamics.

Prices reflect the collective assessment of a company’s future prospects and overall economic conditions.

Risk Management:

Investors can diversify their portfolios by investing in a variety of securities.

Derivative instruments (options, futures) are available for hedging against price fluctuations.

Participants in Capital Markets

Issuers:

Corporations, governments, and municipalities that raise capital by issuing securities.

Investors:

Individuals, institutional investors (pension funds, mutual funds, insurance companies), and foreign investors seeking returns on their investments.

Intermediaries:

Investment banks, brokerage firms, and financial advisors that facilitate the issuance and trading of securities.

Regulators:

Government agencies (e.g., Securities and Exchange Commission in the U.S.) that oversee market activities to ensure transparency, fairness, and investor protection.

Regulatory Framework

Regulation in capital markets aims to protect investors, ensure fair trading, and maintain market integrity. Key regulations and standards include:

Disclosure Requirements: Companies must provide accurate and timely information to investors.

Insider Trading Laws: Prohibit trading based on non-public, material information.

Market Surveillance: Monitor trading activities to prevent market manipulation and fraud.

Impact on the Economy

Capital markets play a vital role in economic growth by:

Facilitating Investment: Mobilizing savings into productive investments, driving business expansion and innovation.

Promoting Economic Stability: Providing mechanisms for risk management and capital allocation.

Enhancing Financial Inclusion: Allowing a broader range of participants to invest and raise capital.

Current Trends and Challenges

Technological Advancements:

The rise of fintech, algorithmic trading, and blockchain technology is transforming capital markets by enhancing efficiency and transparency.

Globalization:

Increased cross-border capital flows and integration of global markets present opportunities and risks.

Regulatory Changes:

Evolving regulatory landscapes in response to financial crises and market innovations impact market operations.

Sustainability:

Growing emphasis on Environmental, Social, and Governance (ESG) criteria in investment decisions reflects the shift towards sustainable and responsible investing.

Conclusion

Capital markets are the backbone of a functioning financial system, providing the necessary infrastructure for capital formation, investment, and economic growth. Understanding their mechanisms, participants, and regulatory frameworks is essential for navigating and leveraging these markets effectively. As markets evolve with technological advancements and global integration, staying informed about trends and challenges remains crucial for all stakeholders.