ALS is a rare but cruel disease that slowly shuts down the body while leaving the mind intact. Doctors have only approved three drugs for it since the mid-1990s, and none of them cure or stop the disease—they merely slow it down a little. Part of the problem is money. Running trials for ALS is extre
Topgolf, the popular golf‑themed entertainment chain, has started cutting jobs across the country after being bought by a private‑equity group. The company’s three Alabama sites in Huntsville, Birmingham and Mobile have all felt the impact, with reports that about five workers were let go at each lo
OKX is set to roll out a new type of trading product that lets people bet on the value of some of the world’s biggest private tech companies. The contracts will track how much these firms are worth on secondary markets, but they won’t give anyone real ownership or voting rights. Instead, trade
KKR’s finance chief says that even though many investors are holding back from private credit, the market still offers good opportunities. He told a TV host that firms are asking whether now is the right moment to jump into direct lending. KKR believes the answer is yes, and they are ready to
Many workers rely on retirement plans to save for the future, but these accounts often leave them overwhelmed by complicated investment options. A recent proposal aims to change that, pushing to let people invest in private equity, private credit, and even cryptocurrency through their retirement fun
The Milken Institute meeting in Beverly Hills pulled together a crowd of money movers who talked about wars, markets and new tech. One speaker said the world’s economies keep humming even when big conflicts flare up, pointing to a strong U. S. economy that has survived many crises. Another talked a
The Gulfstream G550 is a big, comfy business jet that lets famous people skip the airport hassle. It can travel up to 7, 770 miles and seat up to 19 passengers if needed. The plane has two powerful Rolls‑Royce engines that give it a long‑range punch and a wide wing for better lift. Since its debu
A new warning has surfaced from a top Fed official about hidden dangers in the private credit market. The concerns center on how problems there could spread like a rumor, causing wider credit tightening across the economy. The speaker noted that while banks themselves are not yet deeply affected, ot
Brown University, which manages an $8 billion endowment, has cut its ownership of Blue Owl Capital’s publicly traded private credit fund by more than half. The university now holds only 1. 5 million shares of the fund, down from 3. 2 million at the end of last year. Despite this reduction, Brown kee
A storm is brewing in the world of private credit, and regulators are sounding the alarm. The Financial Stability Board warns that a mix of rising interest rates, geopolitical tensions, and shaky valuations could trigger a domino effect across global markets. The concern isn’t just about one weak sp
