Higher interest rates have made family offices more selective about investing in real estate, with many focusing on highly discounted properties and assets with strong pricing power, chief investment officers told CNBC.
Rob Haugen of Michels Family Office said uncertainty over where interest rates are headed has made the firm pickier about investing in the asset class. Haugen oversees private capital investments, mergers and acquisitions at the family office and is also the chief investment officer of its spinout firm River1 Asset Management.
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I went through Anthropic's S-1 filing, expecting its $80.7 billion reported loss to be the most surprising number.
Instead, I found myself looking at where the money is flowing.
Amazon and Google are investing billions into Anthropic. But they're also among the companies Anthropic is contractually committed to paying billions for computing infrastructure.
Just look at these numbers:
→ At least $110 billion committed to Amazon.
→ Approximately $114.5 billion committed to Google.
→ Around 48% of H1 2026 revenue generated through cloud marketplaces.
In other words, Anthropic's strategic backers stand to benefit from its rising valuation, infrastructure spending, and expanding distribution network.
Which brings me to a bigger question:
Could the biggest financial winners from the Al boom be the companies selling the infrastructure rather than those building the models?
It's an interesting possibility when the same companies can participate in the upside of an investment while collecting payments from the business they're backing.
#AnthropicIPO #Anthropics1filing #ClaudelPO #Alboom
Six billionaires reportedly left California before a proposed wealth tax could catch them, removing $536 billion from its potential tax base.
I found the timing particularly striking because the measure hasn't even faced voters yet.
Could more departures follow?
In my latest for @TheStreet, I explored how California's billionaire tax fight is challenging assumptions about taxing the ultrawealthy.
#Billionaires #California #WealthTax #TaxReform #Economics
https://t.co/TSlS64Lgty
About a month ago, @MorningstarInc highlighted my reporting for @TheStreet, where I examined Bank of America’s warning that excessive bullish positioning could leave the S&P 500 vulnerable to a pullback.
Why We Don’t Invite Guest Artists to Our Church — Pastor Dolapo Lawal Reveals
Pastor Dolapo Lawal explained in one of his sermons why his church does not invite guest artists simply to attract a crowd.
He said, “If you can’t come to church for the Word of God, stay at home.”
He explained that Pastor Nathaniel Bassey is a prophet, which is why he was invited to their camp meeting. He added that the invitation was not motivated by a desire to attract a large crowd.
Pastor Dolapo Lawal also expressed concern about what he described as false salvation in today’s Christianity, arguing that many people who attend church in this generation have not genuinely experienced salvation.