OpenAI Co-Founder Sutskever’s Startup Is Fundraising at $30 Billion-Plus Valuation

Feb 17, 2025 | Markets

SSI raising more than $1 billion, including from Greenoaks Former OpenAI chief scientist left the company last year OpenAI co-founder Ilya Sutskever is raising more than $1 billion for his startup at a valuation of over $30 billion, according to a person familiar with...

DC Firings Threaten to Ignite GOP Rebellion

Feb 17, 2025 | Markets

Good morning, and happy Presidents’ Day. US government layoffs expanded over the weekend while cuts to Medicaid threaten to divide Republicans. Traders are kept guessing on tariffs. And the BAFTAs offer a possible Oscars preview. Listen to the day’s top stories. US...

Treasuries Rally as Weak Retail Sales Reignite Rate-Cut Bets

Feb 14, 2025 | Markets

Yields reach weekly lows, erasing Wednesday’s post-CPI surge Traders resume pricing in a Fed rate cut by September Treasury yields dropped to weekly lows Friday after weak January retail sales data prompted traders to restore bets that the Federal Reserve will cut...

BlackRock’s Larry Fink Handed Pay Perks for Role in Growing Private Markets

Feb 14, 2025 | Markets, Private Markets

BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans. Fink will receive a percentage...

Family Offices Bet on Nvidia Before $589 Billion DeepSeek Rout

Feb 14, 2025 | Markets

Longbow, Appaloosa, Iconiq added shares of AI chipmaker in Q4 Iconiq also disclosed a $1.6 billion stake in ServiceTitan Investment firms for the world’s ultra-rich boosted their Nvidia Corp. allocations ahead of the DeepSeek-driven selloff. Family offices for...