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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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Goldman Sachs’ Break Up With Apple Could Cost $500 Million To $4 Billion
Goldman Sachs’ break up with Apple could cost $500 million to $4 billion, says analyst.
Investment Advisers Urge Clients Away From Cash After Fed Rate Cut
Investment advisers are urging clients to dump hefty cash allocations now that the Fed has begun its much-anticipated interest-rate easing.
Buy Bonds and Gold As Bubble Risk Returns, BofA Strategist Hartnett Says
The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble.
Bond Market Gets A Fed Wake-Up Call After Pricing In A Recession
The Federal Reserve moved in a big way on Wednesday to immediately lower borrowing costs for the first time in four years.