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The State Board of Administration of Florida has promoted a long-serving investment executive to lead its private markets investments. John Bradley, a senior investment officer of private equity, recently took on the additional role of head of private markets at the $219 billion system, according to materials prepared for Florida SBA’s board meeting on Wednesday.

Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022.Ying Tang | Nurphoto | Getty ImagesBroadcom shares edged up 2% in extended trading on Wednesday after the chipmaker issued a rosy forecast for the next fiscal year and hinted at growing business with artificial intelligence labs.Here’s how the company did in comparison with LSEG consensus:Earnings per share: $3.32 adjusted vs. $3.24 expectedRevenue: $29.59 billion vs. $29.36 billion expectedFor the fiscal fourth quarter, Broadcom said it expects revenue of $34.8 billion, while analysts were expecting $35.03 billion, according to LSEG. Broadcom’s revenue increased 86%…

Ever since graduating from business school in 2006, one of my favorite ways to learn is through case studies. And there’s no better case study for understanding the IPO quiet period than Anthropic’s upcoming IPO. Anthropic is expected to publicly file its IPO prospectus after Labor Day, with a listing as soon as late September or early October. The Information reported it on August 27 and Reuters picked it up the same day, although nothing is certain. Between now and then, you’re going to read a lot about Anthropic. Almost none of it will come from Anthropic. That’s the quiet…

Owner Steve Ballmer of the Los Angeles Clippers looks on during the game against the Detroit Pistons at Intuit Dome on Dec. 28, 2025 in Inglewood, California.Katelyn Mulcahy | Getty ImagesThe NBA on Wednesday said it had suspended Los Angeles Clippers owner Steve Ballmer for one year as part of a broad array of sanctions on the basketball team and its executives for violating the league’s salary cap circumvention rules related to star player Kawhi Leonard.Ballmer “knowingly” sought to help Leonard obtain off-court income opportunities, and approved a business deal that “that he knew was a precondition for Aspiration to…

Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION.

Yen Gains Sharply as Dollar Eases From Two-Week High | Currency News Global Banking & Finance Review

Broadcom shares have gained just 6% so far this year, lagging behind the broader chip sector, which has risen 60%. The company’s outlook offered minimal upside relative to expectations..

Listen to the audio version of this article (generated by AI). The worst month for stocks opens in the red… fresh attacks in the Middle East… why Louis is rooting for a weak jobs report… the Chinese bots behind the data-center backlash… two questions that Eric Fry asks to find “powerful” stocks As I write on Tuesday, the first day of September, stocks are solidly in the red as they kick off what is historically the market’s worst month of the year. Going back decades, September has been the weakest month for U.S. stocks, falling on average 1.2%. And this…

I’ll explain why September has earned its bad reputation on Wall Street and I’ll also tell you why I believe any weakness could create some compelling opportunities Listen to the audio version of this article (generated by AI). We all know the feeling when September comes around. It’s back-to-school time. If you ever read the Peanuts comic strip, you know the character Charlie Brown could be a bit of a worrier. At one point, he captured the anxiety of heading back to class when he admitted: “I worry about school a lot. I worry about my worrying so much about school. My anxieties have…

Credit markets continue to defy both seasonal patterns and macro uncertainty. Historically, August and September rank among the weakest months of the year for investment grade spreads, yet IG spreads were essentially unchanged in August despite lingering questions around AI funding, geopolitical tensions in the Middle East, and a hawkish Fed shift.   High yield corporate spreads tightened […] The post The Curious Calm in Credit appeared first on ETF Trends.