Texas Pension to Spend Up to $15 Billion on Private Market Bets

Texas Municipal Retirement System plans to commit as much as $15 billion over the next five years to a program that will allow it to invest directly in private markets transactions alongside its external fund managers. The $44 billion pension will commit between $10...

Dot-Com Fears Rise With Tech Stocks Seeing $100 Billion Swings

Investors are excited about OpenAI’s expansion driving big gains in technology stocks, but a rising number of Wall Street pros fear that the wild pops that add tens of billions of dollars in value in mere minutes are signaling an unhealthy market reminiscent of the...

JPMorgan Sees End of Startups’ ‘Private-for-Longer’ Mantra

After years of facing requests from startups to help them stay private for longer, JPMorgan Chase & Co.’s clients are starting to sing a different tune. “A lot of these companies that said ‘private for longer, private for longer,’ are now saying ‘private for a...

Citi’s Montagu Warns US Tech Rally at Risk From Profit Taking

US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup Inc. strategists. The Nasdaq 100 is most vulnerable to the threat, after soaring 46% from its April lows thanks to resurgent enthusiasm...

Hamas Agrees to Release Israeli Hostages But Sets Conditions

Hamas agreed to release the last of the hostages from its 2023 attack on Israel but said the rest of a US peace plan would be subject to negotiation, a stance that offered uncertain hopes for an end to the conflict in Gaza. President Donald Trump responded favorably...