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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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Catastrophe-Bond Funds See Risk Premiums Rising After Milton
The cost of issuing catastrophe bonds looks set to go up, as asset managers who specialize in the securities react to the fallout from Milton.
How Trump Could Exert New Controls Over The Fed — Even Without Firing Powell
Donald Trump and his allies have floated ideas suggesting that Federal Reserve independence could be compromised if the GOP nominee wins.
All The Ways Donald Trump Is Promising To Cut Taxes If He Wins
Former President Donald Trump is known for making a lot of promises on the campaign trail, only some of which he’ll likely be able to keep.
BlackRock Hits $11.5 Trillion Of Assets With Private-Market Push
BlackRock Inc. (BLK) pulled in a record $221 billion of total client cash last quarter, pushing the world’s largest money manager to an all-time high.