Mag 7 loses free-cash-flow edge as market rotates to quality – Apollo

Apollo warns the Magnificent 7 trade may be fading as AI capex hits free cash flow and EPS growth converges with the S&P ...

Apollo curbs withdrawals after exit requests hit 17%, reigniting fears over private credit liquidity

Apollo is capping investor redemptions in its main retail-focused private credit fund after exit requests hit 17%.

Apollo's $26 billion private credit fund imposes 5% cap on requests to pull 17%

By Isla Binnie and Pragyan Kalita NEW YORK, June 22 (Reuters) - Apollo Global's $26 billion private credit fund, Apollo Debt ...
Reuters

Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up

June 9 (Reuters) - Apollo (APO.N), opens new tab and Blackstone (BX.N), opens new tab are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's (AVGO.O), opens new ...
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How the USSR planned to beat Apollo 11 using its most fearless cosmonaut

Before Neil Armstrong ever set foot on the moon, the Soviet Union had already chosen their man for the job. The secret plan to land Alexei Leonov on the lunar surface came closer to reality than the ...
Law

Law Firm Clients and Insurers Turn Up Heat on AI Use

As firms face growing competitive pressure to adopt AI, questions are being asked about guardrails, confidentiality, and the reliability of results. Law firms are racing to adopt AI tools that can ...
The New York Times

How Banks Are Using SpaceX to Woo the Superrich

Wall Street is giving its richest clients velvet rope access to this week’s public listing of SpaceX, reflecting the growing importance of the wealth management business. By Lauren Hirsch On the 51st ...
New York Post

Rubio and UFC will sign deal to use cage fights for diplomacy

WASHINGTON — Diplomats will sign at least one memorandum of understanding this week. Secretary of State Marco Rubio and UFC CEO Dana White have reached an agreement to use cage fights for diplomacy, ...