BlackRock and billionaire investor Ray Dalio have pledged support for the Trump administration’s new Invest America (so-called “Trump”) accounts, a federally backed investment initiative for children born between 2025–2028. Under the program, the U.S. Treasury will seed $1,000 per child, invested in a broad stock-market index. Major financial firms, including BlackRock, BNY, Visa, Mastercard, Uber,...
Medline is set to debut on Nasdaq after raising $6.26 billion, marking the largest global IPO of 2025 and one of the biggest private-equity-backed listings on record. Backed by Blackstone, Carlyle, and Hellman & Friedman, the U.S. medical supplies giant priced 216 million shares at $29, above the midpoint of its range — a clear...
Oracle’s aggressive push into AI infrastructure has hit a setback after Blue Owl Capital, its largest data-center financing partner, withdrew from a planned $10 billion, 1-gigawatt data center project in Michigan intended to support OpenAI. According to sources, negotiations broke down over lease structures and rising concerns around Oracle’s leverage and escalating AI-related capital expenditure....
U.S. federal prosecutors have charged senior executives of bankrupt subprime auto lender Tricolor with systematic fraud leading up to its billion-dollar collapse. According to the indictment, CEO Daniel Chu and former COO David Goodgame allegedly falsified loan data and double-pledged collateral to make low-quality assets appear compliant with lender requirements. Prosecutors said fraud was embedded...
UBS has appointed Sonja Laud, Chief Investment Officer of Legal & General, to co-head its $1.8 trillion direct investments unit, underscoring the bank’s push to strengthen investment leadership amid its post-Credit Suisse integration. UBS will merge its public and private market investment teams into a single platform, representing the core of its $2 trillion asset...
Amazon is reportedly in discussions to invest around USD 10 billion in OpenAI, in a deal that could value the AI leader at over USD 500 billion. While talks remain fluid, the signal is clear: the AI infrastructure race is accelerating, not slowing. This comes as OpenAI: For Amazon, this is not just an equity...