Investors

Artificial Intelligence

China’s AI Bubble Rapidly Loses Air

Photo via Chen Yuyu/VCG/Newscom

The mainland’s STAR50 has cratered more than 40% since its summer peak, as investors shed shares of the AI leaders that make up the index.

2 min read

Photo via Olaf Schuelke/Polaris/Newscom

Real Estate

Tishman Speyer Wants to Return the Chrysler Building to Former Glory

Tishman Speyer agreed to a $235 million deal to take control of the legendary Art Deco tower in Midtown Manhattan.

2 min read
Photo via Xinhua/Sipa USA/Newscom

Inflation & Prices

Treasury Yields Touch 20-Year Highs, Fueled by Sticky Inflation, US Debt

The 10-year yield has surged to 5.223%, the most in 19 years, while the 30-year yield hit 5.501%, the most since 2004.

2 min read
Photo via Lev Radin/ZUMAPRESS/Newscom

Markets

How Much Longer Can Blue-Chip Companies Keep Up High Performance?

Earnings per share for S&P 500 companies skyrocketed 53% from a year earlier in Q2 and sales jumped almost 16%, according to LSEG data.

2 min read

Private Equity

Apollo Caps Private Credit Fund Withdrawals After Requests Near 17%

Photo via Alan Siu Mui Lun/Newscom

The firm estimates that gross outflows from Apollo Debt Solutions will be roughly $700 million for the quarter.

1 min read

Finance

Low-Key $3T Investment Firm Is Ready for Its Closeup

Photo via Vernon Yuen/Nexpher Images/Sipa USA

In addition to its new team-up with KKR, the LA-based Capital Group is beginning to expand its ETF offerings.

2 min read

Healthcare

Lung Disease Breakthrough Boosts United Therapeutics — and its Rivals

Photo by Robina Weermeijer via Unsplash

About 5 million people are affected by idiopathic pulmonary fibrosis globally, according to the National Institutes of Health.

2 min read

Photo by Patrick Tomasso via Unsplash

Real Estate

Saudi Sovereign Wealth Fund Plans Majority Stake in $1 Billion NYC Skyscraper

The deal is with NYC real estate developer Related, which is seeking to capitalize on the return to office push in the economic metropolis.

2 min read
Orlando Bravo, founder and managing partner of Thoma Bravo. Photo by Joe Budd via CC BY-SA 4.0

Private Equity

Thoma Bravo’s $34B Win Leaves PE Rivals Choking on Exhaust Fumes

Private equity is stuck in a cycle of fewer exits, fewer returns, and fewer backers willing to sign up for new funds.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Prostock-Studio and Bee32 via iStock

Investments

Glass Lewis, ISS Grapple With Renewed Risk to Influencer Status

ISS, Glass Lewis face criticism from an oil giant engaged in a bitter proxy fight just as Congress renews scrutiny of advisory firms.

6 min read

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