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...Last year, Blackstone’s Stephen Schwarzman got in on the action. The PIF agreed to place $20bn with Blackstone, becoming the anchor investor in a new $40bn infrastructure fund....
...● When they warned of the threat that artificial intelligence posed to mankind, Stephen Hawking, Apple co-founder Steve Wozniak and entrepreneur Elon Musk could not say how imminent the rise of the machines...
...The S&P 500 rose 1 per cent to 1,896.65, a record high, while the Dow Jones Industrial Average climbed 0.7 per cent to 16,695.47....
...Financial and energy stocks led a late-day rally on Wall Street after investors spent most of the session shaken by the sovereign debt crisis in Europe....
...“This report is definitely a positive surprise for us on the inflation front,” said Stephen Stanley, chief economist at RBS Greenwich Capital....
...Stephen Gillies, the managing director of Downer, also revealed that it is currently pursuing a UK road maintenance company....
..."There's a lot of cash that investors want to put to work, and December is usually a pretty good month to do it," said Stephen Roach, chief economist at Morgan Stanley....
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