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US Sees Smaller April Budget Surplus on Lower Tax Receipts

The US saw a smaller budget surplus in April — a key month for federal revenues — as individual and corporate tax receipts dropped in the wake of President Donald Trump’s signature tax cut legislation.

By Daniel Flatley

AT&T Gets FCC Approval to Acquire EchoStar Spectrum Licenses

AT&T Mobility II, a subsidiary of AT&T, received the FCC’s approval to acquire EchoStar’s 600 MHz and 3.45 GHz spectrum licenses.

Blackstone Lays Groundwork for Third Long-Term Buyout Fund

Blackstone Inc. has begun preparing to raise money for the third iteration of its private equity fund that holds assets for longer than its typical investments.

Goldman Says Bank’s ‘Human Assembly Lines’ Face Automation

Goldman Sachs Group Inc.’s use of artificial intelligence is helping the bank scale up without requiring much more hiring, according to President and Chief Operating Officer John Waldron.

US LNG Pioneer Charif Souki Vows He Will Never Go Public Again

Natural gas entrepreneur Charif Souki’s latest venture will remain closely held after his previous two companies pursued public offerings.

Matt Levine’s Money Stuff: EBay Won’t Play With GameStop

Matt Levine discusses the issues with GameStop’s bid to buy eBay, futures for computing power, Buzzfeed and Byron Allen, transfer restrictions on private shares and forward contracts, and what if AI takes over the ‘looking busy’ part of work.

Warsh Confirmed to Fed Board, Still Awaiting Vote on Chair Post

The Senate confirmed Kevin Warsh’s nomination to the Federal Reserve Board of Governors Tuesday, with the chamber expected to confirm him separately as chair later this week.

Akin Employs Four Sidley Private Equity Partners in NY, London

Gerald Brant, Jeffrey Kochian, Brittany Harrison and Jonathon Hamill joined Akin as partners in its private equity practice in New York and London, the firm announced Tuesday.

Proskauer Brings On Private Funds Partner Frankel in New York

Josh Frankel joined Proskauer as a partner in its Private Funds Group and Secondary Transactions and Liquidity Solutions practice in New York, the firm announced Tuesday.