In private credit, banks are ‘quietly preparing for some distress on the horizon’ by requiring ever-stricter legal terms for debt-ridden companies
For instance, the level of so-called lien subordination protection has doubled in a year.
Business
Rivian’s CFO hints the end of EV tax credits means manufacturers are being forced to finally make more affordable electric cars
“It meant that we needed to reduce our costs in our vehicle roadmap,” Claire McDonough said of the end of the EV tax credits.
The 30-year-old obsessive networker who is dominating a wildly profitable niche on Wall Street known as ‘directs’
Matt Swain has become a pioneer by pairing family offices looking to triple their money with under-the-radar businesses looking to exit.
CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’
Jassy said the cuts weren’t AI-driven, “not right now at least.”
More than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows
Some Gen Zers are so against using cash they’ll forgo shopping from stores that are cash only.
AI’s insatiable need for power is driving an unexpected boom in oil-fracking company stocks
The CEO of the U.S. energy secretary’s fracking company said Trump’s tariffs are getting in the way of U.S. energy and AI dominance.
Crypto founders are getting very rich, very fast—again
Early-stage founders are collecting $10 million or so in secondary sale transactions—well before their firms have proven themselves.
Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come
Just under half of companies are for now using AI to boost productivity and revenue.
The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely
Leaders of billion-dollar behemoths including Airbnb’s Brian Chesky and Apple’s Tim Cook say the top job is isolating, and entrepreneurs should lean on peers to feel connected.
