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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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Powell Emerges Stronger After Leading Fed To Big Rate Cut
One week before Federal Reserve officials gathered in Washington this month, they were split over how fast to lower interest rates.
Envestnet Stockholders Approve Acquisition By Bain Capital
Envestnet Inc., leading provider of integrated technology, data intelligence, and wealth solutions, stockholders approved merger with Bain Capital.
SEC Charges Brought Against Merrill Lynch And Harvest Volatility Management
Merrill Lynch and Harvest Volatility Management have agreed to pay over $9 million to settle charges brought by the SEC.
The $6.3 Trillion Money-Market Industry Just Got Its First ETF
A new exchange-traded fund attempting to carve out a slice of the $6.3 trillion sitting in traditional money-market funds is launching Wednesday.