Blackstone chief defends real estate fund amid rush for withdrawals
Blackstone President and COO Jon Gray defended the fund, noting that investors knew BREIT had limits on redemptions.
Apple supplier Foxconn reportedly helped persuade China to loosen Covid rules
Foxconn founder Terry Gou reportedly said China’s zero-Covid policy threatened its position in global supply chains.
Amid inflation and market volatility, just 12% of adults — and 29% of millionaires — feel ‘wealthy’
These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires.
House Financial Services Chair Waters doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse
House Financial Services Chair Maxine Waters tells members there are no current plans to subpoena FTX founder Sam Bankman-Fried for his testimony.
First-ever California offshore wind auction surpasses $757 million in bids
The sale is a major milestone in the Biden administration’s goal of building offshore wind turbines across the nation’s coastlines to help power communities.
Democratic lawmakers ask Musk for info on possible Chinese manipulation of Twitter
Three Democratic House members are calling on Elon Musk to provide information about a possible Twitter manipulation campaign by the Chinese government.
A rare fund in the green this year succeeds by betting on stocks that work even in a recession
The Invesco Comstock Select fund outperformed this year because of a patient, contrarian approach to stock picking.
Congress expected to repeal Pentagon’s Covid vaccine mandate for U.S. troops
The overwhelming majority of Marines, soldiers and sailors have been vaccinated against Covid, but several thousand have been kicked out for refusing the shots.
Here’s how to use Lensa, the chart-topping app that uses AI to transform your selfies into digital avatars
Lensa is the top free app on Apple’s App Store. For a small fee, it turns your selfies into AI-generated digital art. Here’s how it works.
Markets are bracing for a ‘Powell recession’ that could be coming soon
The bond market is now pricing in the near certainty of a recession, induced by the Fed, that already is here or on the way shortly.
