Stocks Fall a Fifth Straight Day on Walmart Miss, Jobless Claims

Aug 21, 2025 | Markets

US stocks closed out their fifth straight day of losses, the longest slide since the turn of the year, after retail bellwether Walmart Inc. posted a rare profit miss, jobless claims ticked higher and a Federal Reserve official downplayed the need for a near-term...

Neuberger Berman Nears First Close for $5 Billion Secondary Fund

Aug 19, 2025 | Markets, Private Markets

Neuberger Berman is closing in on a $5 billion goal for its flagship fund to buy secondary private equity stakes as investors flock to the strategy. The New York-based manager is expected raise at least half of its target in its initial phase of fundraising, also...

BlackRock Readies Venture Secondaries Fund as Market Expands

Aug 18, 2025 | Markets, Private Markets

BlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market. The world’s largest money manager disclosed plans for the fund this month in regulatory filings. BlackRock...

Wall Street Wrestles With Hedging Conundrum as Valuations Swell

Aug 15, 2025 | Markets

Nathan Thooft is no market bear. His team at Manulife Investment Management, which oversees $160 billion, still holds a modest overweight in stocks. But as US markets jump from record to record, he’s been trimming big winners, buying bonds and adding a layer of...

BofA’s Hartnett Says US Stocks to Falter After Jackson Hole

Aug 15, 2025 | Markets

US stocks are set to decline in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium after this week’s record-breaking rally, according to Bank of America Corp. strategists. The team led by Michael Hartnett said investors...