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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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Yardeni Says Fed Cut Raises Odds Of ‘Outright Melt-Up’ In Stocks
US stocks can soar to fresh highs thanks to the Fed's aggressive half-point interest rate cut last week but bankers should tread carefully.
Vance Voices Concern Over Interest Rates And Their Effect On The Bond Market
VP candidate JD Vance has expressed concerns over the risk of rising interest rates potentially triggering a "death spiral" in the U.S. Bond market.