Oil Holds Gain as Iran, US Exchange Fire in Middle East Flareup

May 4, 2026 | Markets

Oil held the bulk of a sharp gain after fighting flared in the Middle East, with the US and Iran exchanging fire, renewed attacks on energy infrastructure, and vessels hit near the Strait of Hormuz. Brent traded near $114 a barrel, after surging 5.8% on Monday, while...

AI’s Hottest Private Companies Have Booming Crypto Shadow Market

May 4, 2026 | Markets

The race to sell retail investors a piece of the AI boom has gone mainstream — closed-end funds, interval funds, special-purpose vehicles. Now, crypto platforms are offering trades tied to the most valuable private AI companies on earth — ones ordinary investors have...

Pretium’s Mullen Says Capital for Rental Homes Is ‘Drying Up’

May 4, 2026 | Markets

Legislation that would ban large corporate landlords from acquiring more single-family rental homes is depriving the US housing market of much-needed investment, Pretium founder Don Mullen said in an interview with Bloomberg Television. The ban was included in a...

SEC Investigating Alleged Fraud in Private Credit, Atkins Says

May 4, 2026 | Markets, Private Credit

Securities and Exchange Commission Chairman Paul Atkins said the agency is investigating allegations of fraud in private credit firms, though he declined to say specifically which companies are under scrutiny. Atkins spoke Monday at the Milken Institute Global...

Amazon Shipping Services Repackage Sparks UPS, FedEx Selloff

May 4, 2026 | Markets

Amazon.com Inc. unveiled a suite of logistics services that will let businesses buy its existing freight and distribution offerings as a package, sending shares of rival delivery companies such as FedEx Corp. and United Parcel Service Inc. lower. The world’s largest...