Steve
In the time since private credit became Blackstone’s largest business, the sector has gone from star to a thorn in the industry’s side. Loading audio narration… A wave of nearly $20 billion in redemptions from corporate-lending funds for wealthy individuals has left the industry on the defensive. And on Blackstone’s…
Elon Musk recently said the “best way” to handle job losses from AI would be for the federal government to pay a “universal high income” to every American. Loading audio narration… The Tesla and SpaceX CEO headed off concerns that doling out big checks would drive up prices: “AI/robotics will…
