Charles Gasparino
‘Nostradamus of AI’ Leopold Aschenbrenner didn’t have the crystal ball seeing hedge fund portfolio dip 67%
The celebrated crystal ball of the “Nostradamus of AI” hasn’t merely gone cloudy — it has rolled off the table and shattered on the parlor floor.
Mamdani’s muni bond problem is slowly worsening — here’s how it could come to a head
Hemingway said bankruptcy happens “Two ways. Gradually, then suddenly.” The same could be said for fiscal crises – a lesson that Mayor Zohran Mamdani appears to have missed while immersed in Africana Studies in college, bond experts tell On The Money.
NYC’s business leaders are in denial about crime in the Big Apple
Crime in the Big Apple isn’t “down” no matter how many times you read those headlines – but the city’s business community can’t seem to let go of the fantasy, On The Money has learned.
Sun Valley has spawned some memorably awful megadeals — it’s a complete joke now
Maybe the best incubator of the worst deals in Wall Street history is happening once again this week in Sun Valley, Idaho — the so-called “summer camp for billionaires” sponsored by investment bank Allen & Co.
Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype
Maybe this will work, although I’m not sure. There’s also the question of when it will work. On Friday, the IPO went great out of the gate; underwriters Goldman Sachs and Morgan Stanley are the best in the business and they know how to work their book of investors.
Andrew Left faces 20 years in prison — but having a correct opinion about a stock shouldn’t be a crime
This past Tuesday afternoon, I rang up Andrew Left, the high-profile short seller long known for meticulously documenting allegations of alleged corporate malfeasance and placing bets against companies like Valeant Pharmaceuticals, Shopify and Chinese real estate giant Evergrande.
‘No nonsense’ Wall Street titans playing nice with Mamdani are part of the problem
Jamie Dimon and David Solomon — maybe the two most powerful bankers in New York — are invariably described as “tough,” “no nonsense” and “hard-charging.”
How Kevin Warsh will navigate his tricky new position as Fed chairman under Trump
If Federal Reserve Chairman Kevin Warsh can’t cut interest rates, how will he appease President Trump, who gave him his new job to sharpen his ax and do precisely that? Try changing the subject.