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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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JPMorgan Chief Global Strategist Warns Of Economic Red Flag
Markets reacted positively to Donald Trump's victory, but David Kelly, the chief global strategist at J.P. Morgan Asset Management, isn't celebrating.
Mike Mayo Sees ‘Paradigm Shift’ For Banks On Trump Deregulation
For Mike Mayo, the veteran analyst known for pointed opinions on the largest US banks, the election of Donald Trump is nothing short of a sea change.
Federal Judge Rules Against Morgan Stanley In Legal Dispute
Morgan Stanley faces significant challenges as a federal judge ruled against it in a long-standing legal dispute with hundreds of financial advisors.