Palantir Drops 10% on Report of Pentagon Slashing Budget

Feb 19, 2025 | Markets

Spending shift would affect 8% of US defense spending AI-focused Palantir has become major government contractor Palantir Technologies Inc. shares fell 10% on Wednesday, and continued to slide in after-hours trading, following a report that US Defense Secretary Pete...

UK Consumer Confidence Sinks to Lowest Since Labour Came to Power

Feb 19, 2025 | Markets

BRC says half of consumers expect worsening in economy Household morale has been weakened by Labour’s tax hikes Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit...

Private Credit Is the Hot New Thing on Wall Street. But What Is It?

Feb 19, 2025 | Markets, Private Credit, Private Markets

It sounds mysterious, but it’s really just a loan—often a risky one—made by an investment fund instead of through a bank. Hedge funds? Quant trading? Old news. These days, everyone within shouting distance of Wall Street is talking about private credit—even if some of...

Bessent Says DOGE Effort Has Saved Estimated $50 Billion So Far

Feb 18, 2025 | Markets

US Treasury chief says no need to worry about private data Ukraine partnership will show US citizens a return on support US Treasury Secretary Scott Bessent said US taxpayers don’t need to worry about the security of their private data while Elon Musk’s Department of...

Federal Mortgage Insurer to Lay Off About Half Its Workforce

Feb 18, 2025 | Markets

The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s plans. Federal officials...