(Bloomberg) -- Anthropic PBC is considering going public as soon as in October, according to people familiar with the matter, as the artificial intelligence company races with rival OpenAI Inc. to hold an initial public offering.The maker of the popular Claude chatbot has had early discussions with Wall Street banks about taking leading roles on a potential listing, the people said, asking not to ...
(Bloomberg) -- Anthropic PBC is considering going public as soon as in October, according to people familiar with the matter, as the artificial intelligence company races with rival OpenAI Inc. to hold an initial public offering.The maker of the popular Claude chatbot has had early discussions with Wall Street banks about taking leading roles on a potential listing, the people said, asking not to be identified as the information isn’t public. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mo
liulolo/iStock via Getty Images Highlights The SGA U.S. LCG Portfolio returned 0.3% (Gross) and -0.4% (Net) in Q4 compared to the Russell 1000 Growth Index return of 1.1% and the S&P 500 Index return of 2.7%. The portfolio's relative performance improved in the second half of the quarter with the portfolio outperforming the Russell 1000 Growth Index by more than 3% as volatility rose and market le...
liulolo/iStock via Getty Images Highlights The SGA U.S. LCG Portfolio returned 0.3% (Gross) and -0.4% (Net) in Q4 compared to the Russell 1000 Growth Index return of 1.1% and the S&P 500 Index return of 2.7%. The portfolio's relative performance improved in the second half of the quarter with the portfolio outperforming the Russell 1000 Growth Index by more than 3% as volatility rose and market leadership broadened. Bifurcation and narrowness of leadership remained at extreme levels in 2025 with more companies lagging by >20% than outperforming the Russell 1000 Growth and S&P 500 Indices. Alphabet ( GOOGL ), Cooper, and Salesforce ( CRM ) were the top contributors in the quarter while Arm Holdings ( ARM ), Microsoft ( MSFT ), and Meta ( META ) Platforms were the largest detractors. We initiated a new position in Broadcom ( AVGO ). The portfolio's relative valuation is at its most attractive level since the inception of the firm. Meanwhile, cyclicals trade at peak multiples just as CapEx growth is poised to slow. As such, we believe there is an asymmetrically favorable risk-reward opportunity in the portfolio presently. Performance The SGA U.S. Large Cap Growth portfolio returned 0.3% (gross) and -0.4% (net) in the 4 th quarter compared to 1.1% for the Russell 1000 Growth Index and 2.7% for the S&P 500 portfolio. Despite trailing for the quarter, we were pleased to see the portfolio's relative performance improve as market volatility picked up in November and December, outpacing the Russell 1000 Growth Index by more than 3% during the second half of the quarter. Further broadening of market leadership moving forward should be positive for relative performance. 2025 was one of the most challenging years for the portfolio since the firm was founded in 2003. While the portfolio delivered strong relative performance during the market's tariff-induced correction in March-April, the historically strong rebound from the market lows on April 8 th proved much more difficult f...
The current conflict in the Middle East and the resulting closure of the Strait of Hormuz is, to put it mildly, a huge problem. About 20% of all global oil supplies pass through the strait, and other options to move the oil and gas produced in the Persian Gulf are limited. The closure also affects some of the world's largest economies. Japan imports 57% of its oil and gas through the Strait of Hor...
The current conflict in the Middle East and the resulting closure of the Strait of Hormuz is, to put it mildly, a huge problem. About 20% of all global oil supplies pass through the strait, and other options to move the oil and gas produced in the Persian Gulf are limited. The closure also affects some of the world's largest economies. Japan imports 57% of its oil and gas through the Strait of Hormuz. South Korea imports 55%, India 50%, Taiwan 40%, and China 35%. Continue reading
Persistent weakness in China’s housing market will be the main drag when property developers China Vanke Co. , Country Garden Holdings Co. and China Overseas Land & Investment Ltd . report next week. Vanke, in particular, will be closely scrutinized as it started reaching out to bondholders about delaying payment on a note due next month as it weighs a broader restructuring, according to people fa...
Persistent weakness in China’s housing market will be the main drag when property developers China Vanke Co. , Country Garden Holdings Co. and China Overseas Land & Investment Ltd . report next week. Vanke, in particular, will be closely scrutinized as it started reaching out to bondholders about delaying payment on a note due next month as it weighs a broader restructuring, according to people familiar with the matter. Major developers are bracing for a nearly 20% drop in 2026 contracted sales, as smaller cities continue to bear the brunt of pricing pressures, Bloomberg Intelligence analysts led by Kristy Hung said . A lack of new property measures announced during this month’s National People’s Congress suggests headwinds will continue into 2027, they added . Over in banking, Agricultural Bank of China Ltd. and Bank of China Ltd . are set to follow the reports of China Construction Bank Corp . and Industrial & Commercial Bank of China Ltd . Overall, the big four state banks could increase loans between 7% to 8.5% this year, driven mainly by corporate lending, BI said . Bankers’ pay will also command attention as Beijing is stepping up remuneration reform across China’s $69 trillion financial sector, leaving some senior bankers bracing for bonus cuts of at least 30%. Highlights to look out for: Monday: Agricultural Bank of China’s ( 1288 HK ) profit growth is set to outpace other big state lenders this year, building on last year’s gains through stronger lending and diminished margin pressure, BI said . A potential capital injection via special sovereign bonds announced at the National People’s Congress earlier could expand its lending capacity. Bank of China ( 3988 HK ) could see its transaction banking impaired by trade tensions, given its heavier exposure to international trade compared to other state banks, BI said . Full-year net income is expected to be little changed. Country Garden ( 2007 HK ) likely returned to profit last year, according to preliminary re...
(RTTNews) - The China stock market on Thursday wrote a finish to the two-day winning streak in which it had advanced almost 120 points or 3 percent. The Shanghai Composite Index now sits just beneath the 3,890-point plateau and it may extend its losses on Friday.
(RTTNews) - The China stock market on Thursday wrote a finish to the two-day winning streak in which it had advanced almost 120 points or 3 percent. The Shanghai Composite Index now sits just beneath the 3,890-point plateau and it may extend its losses on Friday.
Alphabet (GOOGL) has positioned Waymo, its self-driving unit, as a long-term growth driver. CEO Sundar Pichai has repeatedly pointed to autonomous driving as one of the company’s key areas of progress in artificial intelligence and a driver of future value. He told investors on the ...
Alphabet (GOOGL) has positioned Waymo, its self-driving unit, as a long-term growth driver. CEO Sundar Pichai has repeatedly pointed to autonomous driving as one of the company’s key areas of progress in artificial intelligence and a driver of future value. He told investors on the ...
A British police force said on Thursday it would reopen a probe into rape and sexual assault allegations made by women against self-proclaimed misogynist influencer Andrew Tate between 2014 and 2015. It is the latest in a slew of investigations into Tate, a British-US citizen who promotes his divisive views to millions of followers on social media. “Hertfordshire Constabulary can confirm that a de...
A British police force said on Thursday it would reopen a probe into rape and sexual assault allegations made by women against self-proclaimed misogynist influencer Andrew Tate between 2014 and 2015. It is the latest in a slew of investigations into Tate, a British-US citizen who promotes his divisive views to millions of followers on social media. “Hertfordshire Constabulary can confirm that a decision has been made to reinvestigate allegations made by women between 2014 and 2015 relating to...
A Chinese woman has amassed over one million followers after she posted her amazing sculptures crafted with nothing but her teeth. Chen Qin, 25, from central China’s Hubei province, attracted attention online after posting videos of her carrot sculptures. The sculptures, from simple small animals and cartoon figures, to complicated, large replicas of the Great Wall, the Yellow Crane Tower and wear...
A Chinese woman has amassed over one million followers after she posted her amazing sculptures crafted with nothing but her teeth. Chen Qin, 25, from central China’s Hubei province, attracted attention online after posting videos of her carrot sculptures. The sculptures, from simple small animals and cartoon figures, to complicated, large replicas of the Great Wall, the Yellow Crane Tower and wearables like phoenix crowns and the silver hats worn by the Miao people, are all made with Chen’s...
When Blackstone launched its India real estate operations in the mid-2000s out of a two-bedroom luxury apartment in Mumbai, the property market was fragmented and largely dominated by informal players often associated with dubious practices. Now, it has the opposite problem. India’s $300 billion real estate market is attracting a wall of institutional capital, having become a top pick for many of ...
When Blackstone launched its India real estate operations in the mid-2000s out of a two-bedroom luxury apartment in Mumbai, the property market was fragmented and largely dominated by informal players often associated with dubious practices. Now, it has the opposite problem. India’s $300 billion real estate market is attracting a wall of institutional capital, having become a top pick for many of the global firms that took years to follow Blackstone’s lead. That is forcing the world’s largest alternative assets manager to rethink its property playbook. Blackstone is now moving beyond gilded metropolitan hotspots and into gritty boomtowns in secondary cities, pursuing ever more narrowly defined assets – as niche as neighborhood clinics or student dorms. These bets have turned India into a test case for big money managers looking to stay competitive in emerging markets, where yields are compressing amid tightening competition. “The market matured much faster than people expected,” said Tuhin Parikh , vice chairman of Blackstone’s Asia real estate business, who led the firm’s entry into India. “That doesn’t mean returns disappear. It means you have to work harder for them.” Blackstone’s $50 billion portfolio in India is split roughly evenly between property and private equity. With the country becoming its biggest real estate bet outside the US and the UK, its tenant roster includes global names such as Alphabet Inc. , Meta Platforms Inc. , Amazon.com Inc. and JPMorgan Chase & Co. Bloomberg News also leases office space from it in Mumbai. So far Blackstone has distributed more than $5 billion from India to investors, according to people familiar with the matter. The scale of returns has naturally attracted rivals. With office yields as high as 7.5%, versus 5.5% in New York and 3% in Japan or Singapore, firms like Brookfield Asset Management Ltd. are scaling up in the country. A rising class of domestic wealth managers are adding to the competition, expanding beyond Mum...
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists Authored by Chase Smith via The Epoch Times, Sen. John Fetterman said Wednesday night that activist pressure within his own party is prolonging the partial Department of Homeland Security (DHS) shutdown, offering his observations from within the Democratic caucus for why the standoff has stretched into its sixth wee...
Fetterman Says Some Democrats Possibly Afraid To Reopen DHS Due To Party Activists Authored by Chase Smith via The Epoch Times, Sen. John Fetterman said Wednesday night that activist pressure within his own party is prolonging the partial Department of Homeland Security (DHS) shutdown, offering his observations from within the Democratic caucus for why the standoff has stretched into its sixth week. Appearing on Fox News’ “Hannity” on March. 25, the Pennsylvania Democrat said ongoing protests against the Trump administration—such as the “No Kings” rallies nationwide—have left some senators unwilling to vote to restore DHS funding. He said they “might be afraid to reopen” the government because demonstrators are pushing demands that he said were never achievable. Fetterman called the shutdown “fundamentally wrong,” adding that the dynamic is one he has opposed before. The partial shutdown entered week six since most DHS funding lapsed on Feb. 13. The Transportation Security Administration (TSA), which operates under the DHS, has operated without pay throughout, generating lengthy airport delays. “Here we are at the airport every week, I talked to countless TSA agents and they are all hurting,” he said. “They are angry. They are frustrated. They’re exhausted, too, what they’ve been put through.” He said TSA workers should be in the Democrats’ “wheelhouse” because they are union government workers, but now the party was “refusing to give them a paycheck.” “So it’s always wrong, regardless of the party doing it,” he said of shutting down the government. “You can see the kind of chaos that’s created across right now. [People are] selling their blood.” He added that the timing compounds the problem, with spring break travel and World Cup preparations now underway. “Do the right thing,” he said. “Put the country ahead of the party.” Fetterman has been the only Democrat to vote with Republicans throughout the current standoff. He cast that vote again on Wednesday, when Sena...