The prospect of a U.S. debt default is scarier now than it's ever been, said TPG chief Jon Winkelried, speaking at the Axios BFD event in San Francisco on Wednesday.
What Winkelried's not scared of: Artificial intelligence displacing the jobs of financial sector analysts and associates.
Elon Musk is a "renaissance man" who will guide Twitter and Tesla to new heights, Ark Invest CEO Cathie Wood said Wednesday at Axios BFD in San Francisco.
Driving the news: Wood offered a full-throated defense of Musk and his stewardship of Twitter, saying Ark Invest is seeking to increase its investment in the social media platform and expects a massive runup in Tesla's stock, which it also holds.
Disney chief executive officer Bob Iger said Wednesday the company plans to launch a "one-app experience" for streaming subscribers in the U.S. that combines the family-friendly content of Disney+ with Hulu's general entertainment content.
Why it matters: The move sheds light on Disney's streaming strategy as it stares down a critical deadline that will force it to make sweeping decisions around Hulu's place in its long-term streaming strategy.
In a new report by S&P Global, the authors do a useful service by reminding readers in multiple ways of an incontrovertible fact: Crypto is still new.
Why it matters: When viewed as something to invest in, it's especially new compared to other asset classes because it's really only existed under zero interest-rate policy (ZIRP), when money is cheap.
A slew of competitors are poised to fill the void left by Bed Bath & Beyond as the retailer continues to liquidate.
State of play: Walmart, Target and Dollar Tree had the most overlap with Bed Bath in terms of foot traffic, according to analytics firm Placer.ai. But they're not the only ones making moves to appeal to its customers.
In an effort to close discriminatory pay gaps, the largest employer in the nation — the federal government — wants to ban salary history questions from its own job interview process.
Why it matters: Relying on a job applicant's current salary to determine their pay offer can perpetuate unfair pay practices, scholars and gender equity advocates have long argued, effectively anchoring some candidates to lower wages throughout their careers.
Federal prosecutors are probing Icahn Enterprises after a short seller publicly accused Carl Icahn's firm of "ponzi-like" behavior.
Driving the news: Icahn Enterprises disclosed Wednesday in a public filing that federal prosecutors earlier in May sought information related to various aspects of the business.
Syneos Health, a North Carolina-based biopharma contract research organization, agreed to be taken private for $7.1 billion by an investor group that includes Elliott Investment Management, Patient Square Capital and Veritas Capital.
Why it matters: Private equity firms are once again teaming up for big buyouts, a practice that was largely abandoned after the Great Financial Crisis.
The consumer price index rose at a quicker monthly pace in April, pushed up by soaring costs for used cars and trucks — the latest sign of lingering inflation pressures across the economy.
Why it matters: The CPI rose 0.4% in April, faster than the 0.1% rise the previous month. The measure that excludes energy and food prices continued to rise at a fairly quick pace.
Microsoft has signed a power purchase agreement with nuclear fusion energy startup Helion for at least 50 megawatts of electricity beginning in 2028, the companies announced Wednesday.
Why it matters: The agreement is being billed as the world’s first such deal for a fusion firm. It comes as money and interest pours into the much heralded, yet-to-be-realized clean energy source.
When it comes to getting more women into the workforce, the U.S. has fallen behind other countries with advanced economies.
Why it matters: The U.S. is facing a labor shortage that could worsen over the next decade as the population ages — and increasing the share of women in the workforce is one way to counteract that, as Moody's Investors Service said in a note last week.
Customer satisfaction with air travel is way down for the second year in a row, heading into what could be another summer of nightmare travel, J.D. Power found in its annual survey.
Why it matters: J.D. Power's North America Airline Satisfaction Study — released today — sums up what most passengers have experienced: higher ticket prices, crowded planes and limited options.
A journalist working for French news agency Agence France-Presse was killed in Ukraine during a rocket strike near the eastern city of Bakhmut on Tuesday, AFP said.
The big picture: Arman Soldin, a 32-year-old Bosnian-French video coordinator, "is at least the 15th journalist to be killed while reporting on the war since Russia launched its full-scale invasion of Ukraine on February 24, 2022," per nonprofit the Committee to Protect Journalists (CPJ).
Elon Musk weighed in after Tucker Carlson announced plans Tuesday to bring a "new version" of his old Fox News show to Twitter to emphasize that no deal was signed with the social media company.
Driving the news: "There aren't many platforms left that allow free speech," Carlson said in a video announcing his plan following his April 24 ouster from Fox News.
