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Blackstone Boosts Stake In AI Startup Anthropic To About $1 billion, Source Says
Blackstone is increasing its investment in the Claude chatbot maker Anthropic, raising its stake to about $1 billion at a valuation of roughly $350B.
Wealth Manager Stocks Sink As Traders Flee Next AI Casualty
An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday.
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Stagflation Fears Surge and ‘Sentiment Is Dire’ in BofA Survey
Investor fears of stagflation are at the highest since the 2008 financial crisis, while global growth optimism has sunk to a record low.
Two-Thirds of Investors Think Oil Remains the Biggest Winner in 2022: BofA Survey
Majority of the 266 investors surveyed by Bank of America Global Research think "black gold" is going to remain the year's biggest winner.
How Long Does the Average Bear Market Last?
S&P 500 entered bear market country on June 13, down 21% from its high on Jan. 3, while Nasdaq has been in a bear market since March 2022.
'Never Say Never': Wall Street Contemplates a Shock Decision from the Fed
A hotter-than-expected read on inflation is testing the Federal Reserve’s resolve on the pace of its planned interest rate increases.