Plus: PE's exit drought is pushing junior partners out the door, rocket supply can't keep up with space demand, and Wall Street is souring on data centers.
Plus: Meta's AI agent Muse climbs to No. 1 in US app charts, Apollo is buying into the Yankees, and a single cut cable grounded flights across three cities.
Plus: Anthropic is closing in on $100 billion in revenue, New York's wealthy are at war over helicopter noise, and 55% chance of another rate hike next month.
Plus: Barclays hit by staff backlash over return-to-office rules, JPMorgan can't model oil, and private credit default rates vary by 18 percentage points depending on the source.
Plus: Hardware is back in fashion, Apollo is flagging risk in hyperscaler debt, and companies can't explain what their AI spending is returning.
Plus: The math behind price targets, where are the jobs, and unicorn founders.
Plus: Americans are handing over their stock portfolios to AI agents, Wall Street is questioning how long the data center boom lasts, and hedge funds are becoming the Treasury market's new anchor.
Plus: Trump wants a "STRONG AND SMART" president as the only AI guardrail, private credit defaults just hit a new record, and boom-era PE funds are starting to miss their promises.
Plus: Leaders of three of the biggest AI companies agree they need to slow development, Blackstone is being sued over rent-stabilized apartments, Apollo is eyeing a $20 billion J&J deal.
Plus: OpenAI targets work of Wall Street junior bankers, Bending Spoons acquires Miro for $1.36 billion, and the little-known UAE investor betting big on Musk.
Plus: Anthropic researcher says AI has >10% chance of ‘killing all humans’ after colleague quits, Bay Area AI workers don't know how to spend their money, and Harvey just raised at $15.5 billion.
Plus: Millennium is closing in on $100 billion, Trump admin wants to lift PE bribery guardrails, and Apollo's portfolio companies pay a premium to borrow.
