Hundreds Fired at Weather Agency as US Faces Storm Warnings

Feb 28, 2025 | Markets

Jobs cut at US National Oceanic and Atmospheric Administration Agency had 12,000 people, including 6,700 science personnel The Trump administration fired hundreds of employees at the top US agency overseeing weather prediction and climate research, raising concerns...

Aluminum Extends Slide as Traders Weigh Signs of Weak US Economy

Feb 24, 2025 | Markets

Aluminum extended its retreat from an eight-month high as sentiment remained cautious following weak US economic data. Wall Street suffered its worst loss of the year Friday on more signs of a cooling US economy. Business activity this month expanded at its slowest...

Microsoft Dropped Some AI Data Center Leases, TD Cowen Says

Feb 24, 2025 | Markets

The company has pledged $80 billion toward computing capacity Wall Street is questioning AI demand over the longer-term Microsoft Corp. has canceled some leases for US data center capacity, according to TD Cowen, raising broader concerns over whether it’s securing...

Blue Owl Cuts Fees for Early European Private Credit Investors

Feb 24, 2025 | Markets, Private Credit

Performance fee waived for the first €1 billion of fundraising Investors will pay lower fees if they write bigger checks Blue Owl Capital is waiving a large chunk of fees on one of its funds to attract European investors into private credit. The private capital...

Why Private Equity Is Eyeing Your Nest Egg

Feb 24, 2025 | Markets, Private Markets

Alternative investment shops want to tap the trillions of dollars in retirement accounts. Private equity has long been an exclusive club, a world of opaque funds and high fees where only the wealthiest and most sophisticated investors can gain a foothold. Its allure...