Ray Dalio says he had a ‘frank’ discussion with the GOP about US debt and the ‘mechanics behind how countries go broke’
Ray Dalio said the US budget deficit needs to be cut to about 3% of GDP so that debt servicing costs will not “severely squeeze out the government’s ability to spend.” Ray Dalio, the founder of hedge fund Bridgewater Associates, said he had a discussion with House Budget Chair Jodey Arrington and other House Republicans…
GameStop is getting into bitcoin — and investors are thrilled
Gamestop. Videogame seller GameStop said it will now include bitcoin in its financial investments, and investors are piling in. GameStop jumped 12% in premarket trading on Wednesday, following the company’s announcement that its board approved investing its cash and future debt into bitcoin. Shares of the struggling retailer jumped despite the company reporting a fourth-quarter…
Making AI agents smart isn’t the hard part — it’s teaching them company culture, says a Goldman Sachs exec
Goldman Sachs’ chief information officer said the real challenge of using AI agents in the workplace isn’t just making them smarter — it’s teaching them company culture. Marco Argenti said on an episode of the Goldman Sachs Exchanges podcast published Tuesday that businesses must figure out how to “inject” their cultural traits and leadership principles…
The golden age of private equity is over. Here is what it means for your career.
Wall Street’s “barbarians at the gate” are slowing down after nearly 25 years of beating the stock market. This has big implications for anyone contemplating a career in private equity. Earlier this month, the investment firm Hamilton Lane issued a report showing that the MSCI World Index, a leading stock market indicator, beat out private…
When Wall Street’s financing turns ‘toxic’
The swanky bar at the St. Regis Hotel in Manhattan is an intimate gathering place where the lights are dim, and a signature cocktail costs a whopping $190. It was in this elegant space, according to the SEC, that the penny-stock investor and lender Curt Kramer, his brother, and their employees often met with the…
Why an 89-year-old who retired just 2 years ago wishes he was still working
Richard Maas retired two years ago but wants to return to work. Richard Maas, 89, just wants to go back to work. Maas, who lives in Tempe, Arizona, worked in the automobile industry for over five decades, including running an appraisal company into his late 80s. He retired nearly two years ago when the work…
Secret home listings are about to skyrocket New rules for real estate agents will change how people see home listings. You won’t like what they decided.
Shopping for homes online once had the feel of an open-air market: crowded and sweaty, maybe, but free for anyone to drop by and see what’s for sale. The experience these days, though, is quickly turning into that of a nightclub, with the hottest new listings sequestered behind velvet ropes. If you want to party…
Chappell Roan says she dresses in minimalist blacks and whites in private because ‘crazy’ fashion is part of her job now
Chappell Roan dresses minimalist in private to separate life and work. Chappell Roan, known onstage for her colorful drag-inspired outfits and makeup, said her style is much more muted when she’s out and about in private. In a podcast episode of “Call Her Daddy,” released on Tuesday, the pop star said she dresses in a…
Trump is targeting Venezuela’s oil exports, and China is caught in the middle
US President Donald Trump takes aim at Venezuelan oil buyers. US President Donald Trump has announced an unexpected tariff that would hit China. On Monday, Trump introduced what he called “secondary tariffs” on all countries buying oil from Venezuela. This means countries purchasing oil and gas from Venezuela would have to pay a 25% tariff…
