Surf Air, SpaceX, xAI Staffers Line Up SPAC for Space Assets

May 20, 2026 | Markets

A group of aviation and telecommunication experts, including former staffers from Surf Air Mobility, xAI, and SpaceX, are forming a blank check company that will seek to take a space company public, as Wall Street chases the industry. Futurecorp Space Acquisition 1 is...

PepsiCo to Raise Prices on Small Chip Bags Over Higher US Costs

May 20, 2026 | Markets

PepsiCo Inc. is preparing to raise prices on some of its smaller bags of chips, according to people familiar with the matter, even after reining in the cost of its larger packages in response to consumer pushback. In the coming weeks, the soda and snacks maker plans...

UBS Chief Strategist Sees US Consumer Slowdown Threatening Stock Rally

May 20, 2026 | Markets

The US consumer will slow down as real disposable income growth nears zero and fiscal support fades, threatening equity markets despite strong first-quarter earnings driven by artificial intelligence, according to Bhanu Baweja, chief strategist at UBS Group AG....

Big Treasury Block Sales Drive ‘Capitulation’ Selloff in Bonds

May 19, 2026 | Markets

A series of large sales in US Treasury futures exacerbated a selloff in the $31 trillion government debt market, as concern about resurgent inflation pushed investors to price in higher interest rates. As long-end yields soared to their highest level since 2007 on...

Magellan Says Barrenjoey Deal Lifts Private Markets Opportunity

May 18, 2026 | Markets, Private Credit, Private Markets

Magellan Financial Group Ltd.’s chief executive said its merger with Barrenjoey Capital Partners will allow the Australian firm to provide its customers with more offerings in private markets. The deal is on track to close around the middle of this year and...