SEC subpoenas banks after AI hedge fund lost $35 billion
What's new: Regulators are seeking records on leverage, trades and bank communications tied to the fund's late-July plunge.
The New York Times, CNBC
What's new: Regulators are seeking records on leverage, trades and bank communications tied to the fund's late-July plunge.
What's new: The company told underwriters it does not expect to issue additional debt in 2026 after this eight-part offering.
Why it matters: The move adds to pressure on semi-liquid private credit funds after Blackstone also limited redemptions this month.
What's new: The chipmaker could push the deal closer to $25 billion as it funds general operations and refinances debt.