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As California fires rage, an awful portrait from jim carlton Sara Randazzo of how quickly they reared up to engulf lives wsj.com/us-news/fierce…

Trump takes aim at private equity’s favorite tax perk again. Under attack: the tax code’s treatment of carried interest. There's lots of money and political capital at stake. bloomberg.com/news/articles/…

A $1,250 2 bedroom in NYC? Here’s why it’s been empty for 16 months. - Gothamist gothamist.com/news/a-1250-2-…

The cost of eggs in the U.S. jumped 10.4% last month, the Consumer Price Index shows. Eggs are nearly 60% more expensive than a year ago. apnews.com/article/inflat…

KKR & Co.’s plan to break from the traditional buyout model and hold some bets on its own books for decades is being directed by a tight-knit group, including co-founders Henry Kravis and George Roberts. bloomberg.com/news/articles/…

Inside the push to change how America invests and make private equity part of your 401(k). Money managers are strategizing how to reframe the narrative to pension overseers and lawmakers. “You’re not a fiduciary if you don’t consider alts." -- with Allison McNeely

Banks pivot back to oil, gas and coal. "Morality doesn't move markets. Only price does." bloomberg.com/news/articles/… @alastairjmarsh

Microsoft is pulling out of data center projects, from London to Jakarta, pointing to changes in its strategy, sources say bloomberg.com/news/articles/…

Scoop: Microsoft’s datacenter pullback stretches around the world - they've halted or delayed projects from Indonesia to Chicago. Dawn Lim Faris Mokhtar. $MSFT $NVDA $APLD bloomberg.com/news/articles/…

Wall Street thought they had an ally in Scott Bessent, the former Soros investment boss turned Treasury secretary. But he played second fiddle in the rollout of the tariffs while Navarro and Lutnick commanded the president's attention. bloomberg.com/news/articles/… Saleha Mohsin

Why Trump Blinked on Tariffs Just Hours After They Went Into Effect w/ ⁦Annie Linskey⁩ ⁦Josh Dawsey⁩ wsj.com/politics/polic…

"The U.S. is still exceptional, but it is also less predictable, more antagonistic, and more isolated. For foreign investors, that makes it less safe." wsj.com/economy/trade/…