A 160-year-old paradox explains why AI will create more jobs, not fewer, top economist says
In 1865, English economist William Stanley Jevons observed that the invention of the Watt steam engine — which improved…
Jobs are fleeing New York — so guess what Mamdani is focused on
Not even 100 days into Mayor Zohran Mamdani’s term, Gotham is already facing grim economic prospects. So what…
Major Wall Street powerhouse weighs southern move as Mamdani-led tax threats swirl
A major Wall Street powerhouse is weighing a southern escape as New York City’s new mayor talks about…
The $265 billion private credit meltdown: How Wall Street’s hottest craze turned into a panic
It was a glorious time to make money. From early summer 2023 to the close of January 2025,…
US stocks slip as AI fears keep rumbling and oil prices climb
NEW YORK (AP) — U.S. stocks fell Thursday, while oil prices rose with worries about a potential conflict…
Apollo, xAI near $3.4 billion deal to fund AI chips, The Information reports
Feb 9 (Reuters) – Apollo Global Management is close to finalizing a roughly $3.4 billion loan to an…
Israel’s Netanyahu agrees to join Trump’s Board of Peace
JERUSALEM (AP) — Israel’s Prime Minister Benjamin Netanyahu said Wednesday that he has agreed to join U.S. President…
Board of Peace for Gaza is forming with wider ambitions
WASHINGTON (AP) — President Donald Trump’s “Board of Peace,” which was initially seen as a mechanism focused on…
Exclusive | NYC financial giants in talks to manage Ukraine’s postwar reconstruction fund: sources
Larry Fink’s BlackRock, Marc Rowan’s Apollo Global Management, and Henry Kravis’s KKR are in talks to manage a…
Apollo tells NYC workers to stay home as it braces for protest over Marc Rowan’s Trump support
Giant buyout firm Apollo Global Management is telling workers to stay home on Friday as it braces for…