Blue Owl co-founders no longer pledging shares for personal loans
Doug Ostrover and Marc Lipschultz had committed firm equity worth more than $1.1bn last year as collateral
Read MoreCompanies hit with Trump’s illegal tariffs can apply for refunds starting next week
Up to 82% of customs entries with IEEPA duty payments, worth US$127 billion, are eligible to receive refunds electronically
Read MoreMonths-old start-up Recursive raises $500mn for self-teaching AI
Group founded by former engineers at DeepMind and OpenAI secures $4bn valuation in deal with Google’s venture arm and Nvidia
Read MoreThree dozen Texas Democrats urge Kendall Scudder not to seek reelection as state party chair
In an open letter, former staffers and other insiders said the state party has fallen short on strategy and failed to act with urgency under Scudder’s leadership.
Read MoreBank of America goes all in on controversial tech
Banks have been embracing AI recently, despite warnings from the federal government. Regulators have told banks that a new AI model could pose a significant security risk. But not all banks seem to be heeding these warnings, as nearly 70% of banks use AI in their operations, according to The …
Read MoreTexas grid operator forecasts massive growth in demand, but says data is likely flawed
The Electric Reliability Council of Texas reported that peak energy demand could quadruple by 2032, but cautioned that its estimate is likely too high and must be revised.
Read MoreAmazon has everything you need to survive wildfire season, starting at $13
Preparation is the key to surviving a wildfire
Read MoreTop Fed official warns Iran war could spark ‘lasting’ price shock
Christopher Waller says higher oil prices coupled with Donald Trump’s tariffs raise prospect of prolonged inflation
Read MoreWalmart’s bestselling garden cart with a 1,100-pound carrying capacity is now $85
“Best purchase I’ve made in a while,” one shopper said.
Read MoreLutnick tells Canada ‘they suck’ and vows to wind back trade deal with US
Fraught talks set to resume to end dispute that is costing America more than a billion dollars a month
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