An $800 Billion Revenue Shortfall Threatens AI Future, Bain Says

Sep 22, 2025 | Markets

Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centers, but they have been slower to show how they will pull in revenue to cover all those expenses. Now, the consulting firm Bain &...

The new Private Magnificent 7 represent staggering growth and $1.2 trillion in value

Sep 22, 2025 | Markets

The private market is experiencing a period of significant growth, defined by record level valuations1 and a recent surge of investor enthusiasm.2 Since the end of 2022, the value of the top seven private companies — The Private Magnificent 7 (“Private Mag 7”) —...

US IPO Rebound Does Little to Dent Private Markets’ Rapid Growth

Sep 22, 2025 | Markets, Private Markets

Investment bankers are cheering the recovery in US first-time stock sales. But the revival comes too late to halt a decades-long slump in the number of public companies amid the unchecked growth of private markets. The number of American public companies stood at...

How Government Caused the Great Depression

Sep 19, 2025 | Markets

The precise causes of the Great Depression remain a subject of debate, although, as economist Richard Timberlake observed in 2005, “Virtually all present-day economists . . . deny that a capitalist free-market economy in any way caused” it. At the time, however, the...

Dollar Nears a Three-Year Low Ahead of FOMC’s Rate Decision

Sep 17, 2025 | Markets

Bloomberg’s gauge of the dollar approached its lowest level since March 2022 ahead of the Federal Reserve decision, where policymakers are expected to resume cutting interest rates to prop up a weakening labor market. The Bloomberg Dollar Spot Index was little...

Private Markets’ Exposure Rises at Top Pension Funds

Sep 16, 2025 | Markets, Private Credit

Regulation and compliance have driven an unprecedented wall of US retirement money into private assets, a new report by Bloomberg Intelligence shows, casting new light on the real-world risks from finance’s continued push into areas beyond the traditional oversight of...