Bitcoin Falls to Six-Week Low Amid War Jitters, ETF Outflows

May 28, 2026 | Markets

Bitcoin fell to its lowest level in more than six weeks as jitters over the US-Iran war and outflows from US exchange-traded funds weighed on the largest cryptocurrency. Bitcoin dropped as much as 3.3% to $72,643 on Thursday, its weakest since April 13. It was trading...

China Chip Giant CXMT’s IPO Revives Memories of Past Market Tops

May 27, 2026 | Markets

The buzz surrounding ChangXin Memory Technologies Ltd.’s anticipated IPO is also triggering anxiety in parts of China’s market, where investors recall earlier mega-deals that absorbed vast amounts of liquidity and marked turning points for equities. Hefei-based CXMT,...

China’s Declining Appetite for Oil Laid Bare by Iran War

May 27, 2026 | Markets

Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year,...

KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’

May 27, 2026 | Markets, Private Credit

KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt. “The...

JPMorgan and BofA CEOs Predict New Round of Trading Windfalls

May 27, 2026 | Markets, Private Credit

Wall Street banks are predicting another banner quarter for their trading desks. Bank of America Corp. expects second-quarter revenue from sales and trading to increase about 15% from a year ago, Chief Executive Officer Brian Moynihan said Wednesday. And JPMorgan...