Shakira’s fight with Spain’s tax agency is set to head to the country’s highest court after authorities challenged an earlier ruling that had erased €55 million ($64 million) in claims against the singer. Processing Content The appeal was filed with the Supreme Court by state attorneys on behalf of the tax agency, arguing that the…
Swedish private equity firm EQT has reported higher net profit and revenue for the first half of 2026, supported by growth in fee-generating assets under management and a sharp increase in investment activity, according to a report by the Wall Street Journal. Revenue increased to €1.61bn in the first six months of the year, up…
Consolidators in the wealth management industry expect a years-long rise in registered investment advisor valuations to finally flatline in the latter half of 2026. According to a survey released by DeVoe & Company on Thursday of 40 RIA executives from consolidators, 82% anticipate stable RIA valuations, 18% expect declines, and none expect increases. The shift…
Venerable insurer Travelers Companies (TRV +9.22%) was a standout on the stock market Friday, thanks mainly to a blowout second quarter earnings report. It trounced analyst bottom-line estimates, which inspired enough investors to buy the company’s shares to send them to a more than 9% gain on the day. Serious underestimation For the quarter, Travelers’…
A windfall in corporate profits for the country’s largest banks has led to billions in extra tax revenue for New York City, shrinking the city’s budget shortfalls although not nearly enough to fund Mayor Zohran Mamdani‘s progressive agenda. Processing Content Business tax revenue in June was about 50.9% higher than the same month in 2025,…
Middle-market technology investor Eterna Growth Partners has appointed software industry veteran Brett Eddy as AI Chief Technology Officer (CTO) Advisor, strengthening its efforts to deploy artificial intelligence across its portfolio companies as private equity firms increasingly look to AI as a driver of operational value creation. Based in Boston, Eterna said Eddy will work closely…
A BDU-56 “bomb” is loaded onto an F-15 EX Eagle II aircraft assigned to the Oregon Air National Guard’s 142nd Wing during a training mission at Mountain Home Air Force Base, Idaho, May 2026. (U.S. Air Force photo) Boeing F-15EX Eagle II aircraft from Oregon Air National Guard’s 123d Fighter Squadron, 142nd Fighter Wing, based…
AI has become a focal point within the Trump administration, often framed as a two-player race between the U.S. and China. And while U.S. companies like OpenAI, Google, and Anthropic may have developed some of the world’s most advanced AI models, they are among the priciest. As costs associated with token and AI usage rise, now…
Dive Brief: OpenAI is urging companies to rethink how they measure returns on artificial intelligence investments, arguing that traditional software metrics fail to capture the business value the technology can create. In a Friday blog post, OpenAI CFO Sarah Friar said organizations should use metrics such as the number of tasks completed successfully with AI,…
SpaceX employees go to work at the SpaceX facility in Hawthorne, California, on the day of their company’s initial public offering, June 12, 2026. Mike Blake | Reuters SpaceX stock has posted losses in nine of the last 10 trading days, and as of Friday’s close, had plummeted nearly 23% since the company was added…