The Tiny Magnet Maker That Attracted $1.6 Billion From Lutnick

Published on September 23, 2026

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.

Continue reading on website
Other news

Xi and Trump Seek Safe AI Without Slowing the Race for Supremacy

September 23, 2026
Xi Jinping and Donald Trump will sit down this week to hash out a plethora of thorny issues from trade to Taiwan. One thing both sides agree on: neither can afford to tap the brakes on AI.

BlackRock, Vanguard Muni ETFs See Record Inflows After Bond Rout

September 23, 2026
The two largest municipal bond exchange-traded funds just recorded their largest weekly inflows ever, shortly after a bond rout fueled outflows in other muni funds.