Ackman Predicts Private Equity Pain for $53 Billion Harvard Endowment

Published on May 7, 2025

Bill Ackman said Harvard University’s endowment is heading for a painful financial reckoning as it weighs selling some of its private equity holdings while battling the Trump administration over federal research funding.

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OpenAI Can't Have Its Money Both Ways

May 7, 2025
Sam Altman’s reputation for spin was out in full force this week in a published “letter to employees” announcing that he was abandoning plans to turn OpenAI into a for-profit company. Instead, it will “continue to be overseen and controlled” by its nonprofit board.

Cryptocurrencies: Bitcoin Hovers Around $96K

May 7, 2025
Bitcoin's closing price hovered around $96,000 this week, remaining near its highest level in over two months. BTC is up ~3% year to date and is ~9% below its record high from January 2025.