Investors poured billions into private credit. Now many want their money back
[ad_1] The rush for the exits in private credit is prompting fresh scrutiny of the sector’s less-liquid structures and its rapid expansion into the retail wealth space. Blackstone has become the latest fund manager to be hit by a surge in requests from investors to withdraw from its flagship private credit strategy. The asset manager […]
Emmanuel Macron spelled out a pivot in France’s nuclear strategy. Here’s why it’s so significant
[ad_1] France’s President Emmanuel Macron delivers a speech next to nuclear-powered ballistic missile submarine (SSBN) submarine “Le Temeraire” – S617 during his visit to the Nuclear Submarine Navy Base of Ile Longue in Crozon, north-western France on March 2, 2026. (Photo by Yoan VALAT / POOL / AFP via Getty Images) Yoan Valat | Afp […]
Anthropic and the Pentagon are back at the negotiating table, FT reports
[ad_1] Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty Images Anthropic CEO Dario Amodei is back at the negotiating table with the U.S. Department of Defense after the breakdown of talks […]
Broadcom CEO Hock Tan sees AI chip revenue ‘significantly’ above $100 billion next year
[ad_1] Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom CEO Hock Tan sees the artificial intelligence boom gaining so much steam that he’s projecting AI chip revenue next year “significantly in excess of $100 billion.” After the chipmaker reported better-than-expected results for the fiscal first quarter and issued a strong forecast for the current […]
Amazon’s Bahrain data center targeted by Iran for support of U.S. military, state media says
[ad_1] People walk past the logo of Amazon Web Services (AWS) at its exhibitor stall at the India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. Anushree Fadnavis | Reuters Amazon‘s data center in Bahrain was targeted by Iran’s Islamic Revolutionary Guard Corps for the company’s […]
Broadcom beats on earnings and guidance as AI revenue doubles
[ad_1] Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom reported better-than-expected earnings and revenue and issued a strong forecast for the current period as the chipmaker continues to benefit from the artificial intelligence boom. Here’s how the company […]
Trump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell
[ad_1] Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next […]
Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
[ad_1] A “Now Hiring” sign is seen at a Dollar Tree store on Feb. 11, 2026 in Hollywood, Florida. Joe Raedle | Getty Images Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday. Companies added a seasonally adjusted 63,000 […]
Sportswear giant Adidas drops 8% after profit guidance disappoints
[ad_1] The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. […]
Democrats tread cautiously around another Trump impeachment after ‘illegal’ Iran strikes
[ad_1] Rep. Al Green shouts as President Donald Trump addresses a joint session of Congress at the U.S. Capitol in Washington, D.C., on March 4, 2025. Win Mcnamee | Via Reuters Since the U.S. attack on Iran, congressional Democrats and opponents of President Donald Trump called the operation unconstitutional and vowed to rein-in the president. […]