The biggest hedge funds are returning cash to investors, ​​OpenAI released an AI model capable of reasoning, ECB cut rates for the second time, and US household wealth rose to a record high.
JPMorgan capped junior banker work hours, Japan has emerged as a top PE market, Goldman saw another massive M&A payday, bank execs cautioned against optimistic IB expectations, and Ken Griffin bankrolled USMNT's new head coach contract.
Apollo is launching a private credit ETF, Elliott got half of Southwest's board to resign, multi-strat hedge funds are seeing a pullback from investors, Taylor Swift endorsed Kamala Harris, and JPMorgan's CEO succession is Jamie Dimon's top priority.
