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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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Middle East Supply Disruption Potential Could Send Oil Above $100/bbl, Citi Says
Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one.
B. Riley Sells Majority Of Great American To Oaktree Funds
B. Riley Financial, the money-losing broker-dealer and investment firm looking to cut debt, agreed to sell a majority stake in Great American.
Waller Says Fed Should Cut With Caution At ‘Deliberate’ Pace
Fed Governor Christopher Waller said recent economic data signals policymakers can approach subsequent interest-rate reductions with less urgency.