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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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Quant Hedge Funds Trapped In Short Squeeze After China Glitch
A number of quantitative hedge funds in China were hit severely on Friday as the nation’s equities staged their biggest rally in years.
Billionaire David Tepper's Bullish View On The Chinese Market
Chinese stocks have become a “buy everything” opportunity after the government unleashed a substantial fiscal stimulus, according to David Tepper.
Vanguard Set To Resolve Target-Date Funds Lawsuit
Vanguard is set to resolve a lawsuit filed by investors over changes made to its target-date funds in 2020, which resulted in 'massive tax bills'.
Fed's Discount Window Can Be Normal Funding Source For Banks, Barr Says
Michael Barr, the Fed's regulatory chief, said that banks should put aside worries about the stigma of using the U.S. central bank's discount window.