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…
Apple marks the 50th anniversary of its founding on April 1.The tech giant is one of the world’s most valuable companies, known for innovative products like the iMac, iPhone, and iPod. Its storied past is one of incredible highs, including a $4 trillion market cap, and alarming lows, like its…
Steve Hanke says Iran is pulling from Muhammad Ali’s playbook — and could deal a “knockout blow” to the US.”With its control of the Strait of Hormuz, that’s what Iran is capable of doing, and probably will do,” the professor of applied economics at Johns Hopkins told Business Insider by…
