Texas Fund Revealed as Record Backer of State Street Credit ETF

May 18, 2026 | Markets, Private Credit

The identity of an investor that dramatically boosted assets in State Street Corp.’s private credit ETF has been revealed as a $60 billion sovereign wealth fund that provides funding to Texas public schools. The Texas Permanent School Fund bought more than 29 million...

Investors Add Exposure to China ETFs After Trump-Xi Meeting

May 18, 2026 | Markets

Investors plowed cash into China-focused exchange-traded funds at the fastest pace in over a year last week amid easing trade tensions between the world’s two largest economies and the broader rally across artificial intelligence stocks. The $7.3 billion KraneShares...

SpaceX’s Mega-IPO Puts a Price on the Fear of Missing Out

May 18, 2026 | Markets

Elon Musk has turned science fiction into reality for the better part of two decades, making believers rich and earning the benefit of the doubt from many on Wall Street. Away from rockets and electric cars, his companies are bending reality on another plane –...

How Attack on UAE Shows Nuclear Plants’ Vulnerability in War

May 18, 2026 | Markets

A drone strike near the United Arab Emirates’ only nuclear power plant has underscored the fragility of the Iran war ceasefire and vulnerability of such civilian energy infrastructure. Barakah is the Middle East’s largest nuclear power plant, located around 280...

Iranian Media Said US Offered Interim Waiver on Oil Sanctions

May 18, 2026 | Markets

An Iranian media outlet reported that the US proposed a temporary waiver of sanctions on the Islamic Republic’s oil, a key demand by Tehran to agree to a peace deal and reopen the Strait of Hormuz. The US hasn’t confirmed offering a waiver, which would be in place...