Private Fund Giants Gain Traction With Europe’s Wealthy Families

Jan 28, 2025 | Markets, Private Markets

EU approvals of new-style evergreen funds tripled last year Alternative asset managers gather at IPEM Cannes this week After a slow start, alternative asset managers are finally starting to see some success with Europe’s wealthy by offering something investors crave:...

Black Swan’s Taleb Says Nvidia Rout Is Hint of What’s Coming

Jan 28, 2025 | Markets

Author says drawdown 2- or 3-times bigger than Monday possible Taleb speaks to Bloomberg News at Miami Hedge Fund Week The Black Swan author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia Corp. is just a taste of what’s in store for investors who...

US Consumer Confidence Drops to Four-Month Low on Job Market

Jan 28, 2025 | Markets

Conference Board index decreased to 104.1 in January Share saying jobs are plentiful also lowest since September US consumer confidence unexpectedly fell in January to a four-month low on less optimism about the labor market and the outlook for the broader economy....

What Is China’s DeepSeek and Why Is It Freaking Out the AI World?

Jan 28, 2025 | Markets

DeepSeek, a Chinese artificial-intelligence startup that’s just over a year old, has stirred awe and consternation in Silicon Valley after demonstrating AI models that offer comparable performance to the world’s best chatbots at seemingly a fraction of their...

Trump Calls for ‘Iron Dome’ for US Homeland Missile Defense

Jan 27, 2025 | Markets

President Donald Trump is preparing an executive order for a “next-generation” defense shield to protect the US against ballistic missiles and other long-range attacks, taking on a goal that past administrations — including his own — struggled to reach. “The threat of...