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Hot Upcoming IPOs to Watch
Kiplinger6d agoneutral
Hot Upcoming IPOs to Watch

The most exciting upcoming IPOs include AI powerhouse Anthropic and data center infrastructure provider SB Energy.

Traders Wary Of Rising AI Risks: Market Snapshot
Bloomberg6d agoneutralVIDEO
Traders Wary Of Rising AI Risks: Market Snapshot

The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout.

The SpaceX IPO Gave This Couple License to Chase Their Dreams
The Wall Street Journal7d agoneutral
The SpaceX IPO Gave This Couple License to Chase Their Dreams

Brian Aggrey worked at SpaceX for over a decade. After the company’s record-breaking IPO in June, he and his wife, Phoebe Novack, saw their fortunes increase dramatically. In July, they traveled to Milan and Cote d’Azur and stayed in the French countryside, where Novack took acting classes over the summer.

OpenAI Weighs Funding Round at $1.2 Trillion Valuation
Bloomberg8d agoneutralVIDEO
OpenAI Weighs Funding Round at $1.2 Trillion Valuation

OpenAI is holding early talks with investors about a fresh funding round that would value the company at more than $1.2 trillion ahead of an initial public offering. Michelle Davis reports on "Bloomberg Open Interest."

Rate Hike Shock: Can the S&P Hold?
Trefis8d agoneutral
Rate Hike Shock: Can the S&P Hold?

The S&P 500 faces a critical test today as investors brace for what is shaping up to be the most consequential Federal Open Market Committee (FOMC) meeting of the year.

Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn
Bloomberg9d agoneutralVIDEO
Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn

Rick Pitcairn, chairman and chief global strategist at family office Pitcairn, said its his job to tap the breaks on wealthy clients who want to put too much of their money in 'shiny star' investments like SpaceX or private markets. Pitcairn said that there is a role for private credit and private markets, but it should be inside a diverse portfolio.