Signs of Euphoria Are Popping Up Everywhere Lately in Markets

US stocks, European junk bonds and frontier markets are all flying Five things you need to know House lawmakers are voting today on the Senate version of Donald Trump’s multitrillion-dollar tax bill, and the legislation is running into Republican resistance. Moderates...

Volatile Quarter-End Signals Funding-Market Dysfunction to Come

Rates in the US funding market surged at the end of the quarter in a sign of potentially further dislocations in money markets as Congress lifts the debt ceiling. Volatility intensified on Monday beyond the typical spikes seen at the end of months and quarters. That’s...

Vanguard Plans First Junk ETF as JPMorgan Heats Up Active Race

Vanguard Group is planning its debut into an increasingly competitive corner of the $11.6 trillion US exchange-traded fund arena. The Vanguard High-Yield Active ETF would trade under the ticker VGHY and invest at least 80% of its portfolio in high-yield debt,...

German Medtech Shelves IPO After Investors Said to Pull Orders

Medical technology company Brainlab postponed its initial public offering in Frankfurt on Tuesday after some investors withdrew their orders, according to people familiar with the matter, the latest deal to be shelved as Europe’s market for new listings remains...

US Auto Sales Lose Steam After Tariff-Induced Shopping Spree

US auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump’s auto tariffs drove up prices. General Motors Co. said deliveries rose 7.3% in the second quarter, as industrywide demand cooled following a...