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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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Bloomberg Economist Forecasts We're In A Recession Or Heading Towards One
Anna Wong, Bloomberg Economics’ Chief US Economist, forecasts a 70% chance that the US economy is either already in a recession or approaching one.
Jamie Dimon Is Bothered By Federal Employees Not Working In Their D.C. Offices 5 Days A Week
JPMorgan’s Jamie Dimon is not a fan of hybrid working—so much so, he’s taking issue with the few days Washington, D.C. employees work from home.
Private Credit Faces Worst Reckoning Since ‘08, NY Life CIO Says
The private credit market is set to face a “reckoning moment” and a period of difficulty it hasn’t seen since 2008 according to Jae Yoon CIO.
JP Morgan's Jamie Dimon Offers Surprising View On Economy
After the Federal Reserve’s 0.5-percentage-point interest-rate reduction last week, many experts say a soft landing for the economy is in store.