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- Shareholders ask to redeem more than last quarter, though withdrawals to be capped at 5% again
- Lab-grown cocoa is the latest synthetic commodity to challenge a natural product
- Market debuts of SpaceX, Anthropic and OpenAI plus slowing buybacks could remove vital support for equities, investors warn
- Bullion set for worst quarter in almost a decade as Iran war, expectations of US rate rises and SpaceX IPO weigh on price
- Amazon founder lays out vision for new $41bn AI lab Prometheus
- US producer prices rose in May at the fastest pace in more than three years as the fallout from the Iran war continued to fan inflation pressures.
- Bank hopes other financial institutions will become involved
- The software giant reported higher spending associated with its massive infrastructure expansion, despite rising profit and revenue.
- The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
- The company might lower prices for tokens, the central unit for gauging AI costs, though the discussions are still in flux
- Goldman Sachs Research analysts introduce the "HALO" framework—Heavy Assets, Low Obsolescence—to identify companies that are less exposed to technological obsolescence.
- Oracle Corp. shares declined in extended trading after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business.
- Chair of People Inc views $18bn takeover bid for casino group as hedge against magazine business
- America’s Car-Mart Inc., a used car seller and subprime lender, is working on an eleventh hour capital raise to stave off a potential bankruptcy filing after a cash crunch put the company on the verge of default, according to people familiar with the matter.
- Private equity “lost its way a little bit” during the easy-money era and firms will “have to start capitulating for sure on valuations” after borrowing costs normalized, warned Scott Kleinman, co-president of Apollo Global Management Inc.
- A “constipated” private equity industry must compromise on price to shift assets built up in the boom era, and some buyout houses could disappear altogether, senior executives say.
- The Truflation CPI Index utilize modern consumer and spending data sets along with cutting-edge technology to deliver the world’s only verifiable daily inflation indexes. Traditional century-old metrics lag an economy reshaped by Covid-19, money-supply growth, and fragile global supply chains, yet the markets continues to rely on old metrics established over a century ago.
- Gains are spurred by the strength of profits rather than rising valuations or speculative fervour
- General Motors Co. is pushing into stationary electricity storage through a partnership with startup Peak Energy Technologies, tapping into both a growing market fueled by demand from artificial intelligence and investor hype that recently boosted rival Ford Motor Co.’s shares.
- France’s central bank will increase its projection for consumer-price gains this year due to the Iran war, central bank Governor Emmanuel Moulin said.
- Magnetar Capital, the $18 billion hedge fund firm, will shun human analysts for its newest offering and instead deploy hundreds of AI bots to research stocks.
- Backed by Prologis and the American Bureau of Shipping, the TMV Logistics fund will tap in to growing interest in supply-chain efficiency and resilience.
- Crude prices stay below $100 a barrel as China’s import cuts help eke out global stockpiles
- ChatGPT creator OpenAI became the third major artificial intelligence developer to confidentially file for a public listing Monday, joining rivals in an IPO pipeline now worth some $3.6 trillion.
- A decade after the Brexit vote, the UK is assessing the damage and debating how to unwind it.
- The iPhone maker turned to Google, using its technology to reboot Siri after struggling to release new AI tools.
- The software company isn’t an AI native. But Aneel Bhusri has established an AI task force and is launching new agents for IT and corporate travel.
- The project will increase production and extend the life of U.S. Steel’s oldest plant.
- Massive initial public offerings from SpaceX, Anthropic PBC and OpenAI risk creating a years-long drag for the broader equity market by diverting tens of billions of dollars away from existing shares, according to Research Affiliates founder Rob Arnott.
- What kind of sanctions could keep a non-human corporation in check?
- The fuel-sipping hybrid RAV4 commands a premium in a used-car market shaken by the Iran war.
- A flood of new shares from companies looking to fund their artificial intelligence ambitions is raising questions on Wall Street about whether there will be enough buyers to soak them all up and what this pile of fresh equity will mean for stock prices more broadly.
- Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields as a solid jobs report added to bets the Federal Reserve’s next rate move will be a hike.
- Eye-opening changes to the speed and volume of work are not always translating into genuine productivity
- The new network could help banks contend with a wave of new competition from stablecoins and crypto firms
- Investors should pay attention to the struggles of the consumer packaged goods industry
- As we enter a new era of technology, AI must be permitted to develop without premature regulation
- The $1 trillion startup warns that artificial-intelligence models are nearing the capability to improve without human intervention.
- The regime is much weaker, and time is on the side of the U.S. and its allies that want a more stable region.
- pjm
- Saudi Arabia, the U.A.E. and Iraq are pouring money into pipelines, rail and storage to keep oil flowing even when the Strait of Hormuz isn’t.
- The fund capped client redemptions at 5%, an about face from Blackstone’s decision to pay out all requests earlier this year.
- When you turn A.I. agents loose on your finances, email and customers, what could possibly go wrong?