Plus: A $67 billion utility merger, BDCs pricing in Covid-level pain, and xAI stiffing its own employees on $420 tax reimbursements
Plus: Private equity at 50, self-made millionaires, and AI productivity paradox.
Plus: A new Fed Chair, the biggest IPO in history on the horizon, and the DOJ probing private credit valuations.
Plus: Private credit sending mixed signals, PE portfolios are finally thawing, and DOJ dropped fraud charges right after a $10 billion pledge.
Plus: Warsh is confirmed, inflation is back at 2022 levels, and Blackstone is building a fund designed to outlast most careers.
Plus: Anthropic is closing in on a $900 billion valuation, eBay swatted away GameStop, and Goldman's own president is calling the bank a human assembly line.
Plus: Blackstone wants to build 50,000 homes a year, KKR is bailing out its own credit fund, and OpenAI allows employees to sell up to $30M worth of stock.
Plus: Apollo emerging as early winner in private credit panic, Michael Burry is flashing bubble warnings, and Lime files to go public.
Plus: Rana hires an attorney who repped Epstein accusers, eBay bans GameStop's Ryan Cohen, AI trading loses money, and Apple's putting cameras in AirPods.
Plus: JPM's sex scandal accuser rejected a $1M settlement, Anthropic is doing compute deals in space, and Wall Street is lining up data center IPOs.
Plus: Anthropic is coming for the analyst class, bots are taking over bond trading, and Morgan Stanley's Budapest operation is under federal scrutiny.
Plus: GameStop swung for a $56B acquisition it couldn’t explain how to pay for, Palantir is growing faster than ever, and someone stole $80K of mac & cheese from Chick-fil-A.
