“It was the third investment in the firm’s history…I had never made investments. And I didn’t even know there were things like investment committees,” Schwarzman recalled in Blackstone’s Life Lessons series last year. “I made a mistake, and we basically…
Consumer sentiment in the U.S. has officially never been worse. The University of Michigan’s final April reading came in at 49.8, the lowest in the survey’s 74-year-history. Three of the four lowest sentiment readings ever recorded have now happened in…
Ted Turner, who died this Wednesday at 87, didn’t do anything halfway. In October of 2006, I got to spend a memorable evening alongside Ted Turner at the opening of his Ted’s Montana Grill Restaurant in midtown Manhattan. I was…
When a star athlete gets their jersey retired, Nicole Pullen Ross might be in the room. Not as a family member, not as a fan—but as a trusted financial advisor who helped make sure the wealth that came with the…
If you’re using AI for professional work purposes and are wondering if you’re being judged for it, it might depend on who you are. A new study sought to determine whether women—particularly young women—would be treated more harshly than their…
Buzz Aldrin observing a “fairly bright light source” while aboard the Apollo 11. A mysterious object making “multiple 90-degree turns” at a speedy clip. A blaringly bright object doing corkscrew twists over the skies in Kazakhstan. Those are some of…
The Treasury Department announced this week that it expects to borrow more than anticipated in the current quarter as incoming cash flow has been weaker than initially projected. The $189 billion now estimated for the April-June quarter is $79 billion…
The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of…
The UK will deploy one of its warships to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire. HMS Dragon, a Type-45 warship capable of…
The Trump family media group posted a net drop of $405.9 million in the first quarter, largely driven by unrealized losses in cryptocurrencies held by the company. Trump Media & Technology Group Corp., which is the parent company of Truth…