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Apple just gave a subtle clue that a splashy AI acquisition may be in the cards21:59 Apple is officially retiring its net-cash-neutral target, and some suspect the iPhone maker is preparing for a major acquisition to close the gap in the AI race. ‘Why do Americans think we can do socialism?’ says hedge-fund manager Ken Griffin21:59 The hedge-fund manager’s recent comments came after New York City Mayor Zohran Mamdani, a Democratic socialist, singled out Griffin’s ownership of a $238 million penthouse. Pickleball gets its largest-ever investment: $225 million. ‘It’s still a growth sport – it’s not just a fad.’20:55 As valuations in major sports leagues like the NFL have surged, institutional investors have turned to smaller, fast-growing sports. Wall Street is finding a new use for the latest retail-trading obsession20:23 As more people start using prediction markets, Wall Street is finding ways to derive value from them. New Fed chair Warsh will have a fight on his hands if he pushes for interest-rate cuts20:23 Statements from three officials show inflation fears are giving them cold feet about any more rate cuts. ‘I’m very late to the game’: I’m 48, earn $65,000, have $48,000 in debt and no retirement. Am I doomed?19:52 “I do not have any inheritance from anyone coming my way as I lost most of my immediate family when young.” Roblox had a child-safety problem. Now it has a revenue problem.19:52 The gaming platform lowered its annual revenue projections, saying new age-verification programs have caused engagement to drop. Spirit’s days of offering no-frills flights may be numbered as shutdown looms18:16 Spirit says it’s operating as usual, but the Wall Street Journal reports that a potential government bailout for the airline has fallen through. |
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