BlackRock Turns Bullish on Short-Term Bonds, Downgrades Stocks

BlackRock Inc.’s research unit has turned more bullish US Treasuries, unwinding a “mainstay” underweight stance for most of the past six years, as yields climbed to the highest levels in more than two decades. The BlackRock Investment Institute upgraded short-term...

Saudi Airport Carnage Pressures Trump to Boost US Role in Yemen

A barrage of drone and missile attacks on Saudi Arabia has intensified pressure on Washington to step up efforts to help its close ally battle Iran-backed Houthi militants in neighboring Yemen. The devastating Houthi strikes on Riyadh’s main airport over the weekend...

Guggenheim Funds’ Outflows Surged to $2.4 Billion Last Month

Guggenheim Partners investors pulled $2.4 billion from its four largest mutual funds in September after reports that federal authorities are probing Chief Executive Officer Mark Walter’s business dealings. The redemptions include $1.8 billion from Guggenheim Total...

Andreessen Horowitz Backs Jev Maker at $7.5 Billion Value

TypeSafe AI, the startup behind Jev, a new artificial intelligence model that went viral after it launched only a few weeks ago, has raised about $870 million at a $7.5 billion valuation in a financing led by Andreessen Horowitz. The deal came together just weeks...