Latest news with #MichaelMilken
AU Financial Review
07-05-2025
- Automotive
- AU Financial Review
Inspired by an Aussie cabbie, Milken pledges super scheme for US kids
Los Angeles | Billionaire philanthropist and former junk bond king Michael Milken was in a taxi in Australia when a $US4 billion ($6.2 billion) penny dropped. Milken, who was in Australia last year, was in conversation with the driver when the topic turned to life after work. The driver told his American passenger his financial position was fine because of his superannuation balance.
AU Financial Review
07-05-2025
- Automotive
- AU Financial Review
Junk bond king hosts deal-maker fest
Los Angeles | Attention, power and money. For three days, the Beverly Hills Hilton in Los Angeles is the centre of these three forces as delegates roll out of their Black SUVs searching for whatever is on that list they don't have enough of. The Milken Global Conference has become an important fixture on the international deal-making scene, with Michael Milken, the former junk bond king, luring politicians, celebrities and financiers to his three-day event.
Times
06-05-2025
- Business
- Times
It takes a foreign investor to cheer up the doom-laden Americans
A t the junk bond king Michael Milken's annual jamboree in Beverly Hills this week, the mood among billionaires and chief executives is sombre. In ballrooms at the Beverly Hilton, asset managers, bankers and investors listening to doyens of Wall Street give their take on the investment climate heard Henry Kravis, co-founder of KKR, warn how the uncertainty caused by trade policy was causing investors to sit on their hands. In a conference interview, Marc Rowan, chief executive of Apollo Global Management, said: 'We have done damage to the US brand — the brand for stability, predictability, regularity. I see us moving from what was hyper-exceptionalism to merely exceptional.' The most optimistic chief executives are hoping that US leadership in technological advances around AI and quantum
AU Financial Review
06-05-2025
- Automotive
- AU Financial Review
Musk headlines star-studded investor gathering in Beverly Hills
Los Angeles | Attention, power and money. For three days, the Beverly Hills Hilton in Los Angeles is the centre of these three forces as delegates roll out of their Black SUVs searching for whatever is on that list they don't have enough of. The Milken Global Conference has become an important fixture on the international deal-making scene, with Michael Milken, the former junk bond king, luring politicians, celebrities and financiers to his three-day event.
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Business Standard
05-05-2025
- Business
- Business Standard
US govt inefficient, AI can offset losing some public workers, says Musk
In a wide-ranging conversation on Sunday with financier Michael Milken, Musk also spoke about his brain-implant company, Neuralink, and ongoing developments at SpaceX, according to the person Bloomberg Elon Musk called the US government inefficient and said artificial intelligence should be used to replace the functions currently done by some public workers, according to a person who attended the closed-door session at the Milken Institute Global Conference. In a wide-ranging conversation on Sunday with financier Michael Milken, Musk also spoke about his brain-implant company, Neuralink, and ongoing developments at SpaceX, according to the person. Musk's comments come as he prepares to wind down his role leading the Department of Government Efficiency, or DOGE — the flagship Trump administration project aimed at shrinking the federal workforce, cutting costs, and dismantling agencies including the US Agency for International Development. Musk, the world's richest man, has said in recent weeks that his work with DOGE is nearly complete. Now in its 28th year, the Milken conference brings together top financial leaders, policymakers and celebrities in Beverly Hills to explore the intersection of business and global challenges. Treasury Secretary Scott Bessent is scheduled to kick off the sessions on Monday with a talk on global capital markets.
