Private Equity Faces Reckoning With Struggle to Clear Buyout Backlog

Jun 10, 2026 | Markets

A “constipated” private equity industry must compromise on price to shift assets built up in the boom era, and some buyout houses could disappear altogether, senior executives say. The reckoning is one of several major challenges confronting private markets as...

NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’

Jun 10, 2026 | Markets

New York City Comptroller Mark Levine says the unprecedented control that Elon Musk will have over SpaceX represents a new level of disregard for regular shareholders’ rights. “I understand that we are in an era of founders wanting more control,” Levine said in an...

AI Selloff a ‘Wake-Up Call’ for Investors, Wells Fargo Says

Jun 9, 2026 | Markets

Friday’s technology-driven selloff was a “wake-up call” for investors, according to Wells Fargo & Co., which said it has highlighted the risks of piling into the artificial-intelligence trade. As a result, analyst Ohsung Kwon said the “sugar rush” behind the...

How One Hedge Fund Is Replacing Human Analysts With AI Bots

Jun 9, 2026 | Markets

Magnetar Capital, the $18 billion hedge fund firm, will shun human analysts for its newest offering and instead deploy hundreds of AI bots to research stocks. The firm’s AI technology seeks to replicate the depth of research and analysis usually provided by fleets of...

SpaceX, Anthropic, OpenAI Can Rewrite History for Megacap IPOs

Jun 9, 2026 | Markets, Private Credit

The history of megacap initial public offerings shows that the stocks usually slump in the first year of trading. But upcoming listings from SpaceX, Anthropic and OpenAI are big enough and systemically important enough to the market that those analogies may not apply....