Situational Awareness, the hedge fund whose aggressive AI bets soured badly in July, is backed by a formidable lineup of Silicon Valley and Wall Street investors who put their faith in a 20-something founder with
Updated July 30, 2026, 6:09 p.m. ET One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind
When Blackstone BX -1.61%decrease; down pointing triangle bought a majority stake in Jersey Mike’s Subs early last year for about $6 billion plus debt, the private-equity firm didn’t want to mess with the
SANTA FE, N.M.—In a beige office park on the edge of town not far from a Walmart, waves of oil-and-gas money are crashing on Jon Clark’s desk. A flood of $7.6 billion arrived
A record level of private-equity investments are stuck in funds limping along past their intended lifespans. Often known as zombie funds, these funds are no longer raising money or making new acquisitions, in part because
Home Industries Food/Beverages/Tobacco Shares of salad chains like Cava, Chipotle and Sweetgreen closed lower on Monday July 20, 2026, 5:44 p.m. ET Share (6 min) Taylor Farms salad greens are displayed at a Safeway store in
Outside the Box Is your emerging-markets fund an accidental bet on AI? Returns for these two ETFs show why it might be. July 20, 2026, 10:37 a.m. ET Suppose you already have substantial exposure to U.S.
1. FROM MY DESK One of the biggest shocks to Wall Street this week was IBM’s AI profit warning, which triggered a 25% plunge in its shares—the worst in the company’s history. The news
Thursday got ugly for tech stocks, especially for chip makers, and Friday could be about as bad based on Nasdaq futures, which are off again. Investors are finding refuge in dowdier sectors such as consumer
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