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Microsoft Expands Copilot Deal to All 743,000 Accenture Employees

Key Points: Microsoft will roll out its Copilot 365 artificial intelligence software to all 743,000 Accenture workers. Barely 3 percent of Microsoft's 450 million business customers currently pay the $30 monthly fee for the tool. Accenture reported that 97 percent of its staff finished routine jobs up to 15 times faster using the chatbot. Microsoft recently changed its partnership with OpenAI to allow the ChatGPT...

Investors Reject Steep Discount Offer for Blue Owl Capital Fund

Key Points: Fewer than 1% of Blue Owl Capital Corp. II shareholders accepted a buyout offer from Saba Capital Management and Cox Capital Partners. Boaz Weinstein sought to buy shares at a more than 20% discount, but the tender offer expired with almost no participation. Blue Owl halted regular quarterly withdrawals earlier this year, opting to return capital through periodic distributions instead. The firm distributed...

Economists Push Germany to Sell Gold Reserves to Help Struggling Citizens

Key Points: Germany currently holds 3,350 tonnes of gold, valued at roughly €440 billion. A top economic researcher wants the government to sell some gold to ease high living costs. The Federal Reserve in New York City still holds 1,236 tonnes of the German wealth. Right-wing politicians demand that the country bring all its gold home to back a new currency. Germany sits on a...