Reliance Caps Fuel Sales to $11 a Visit as Shortages Deepen

Apr 9, 2026 | Markets

Reliance Industries Ltd. has capped fuel purchases across its retail outlets — limiting customers to about $11 worth of gasoline or diesel — as the Middle East crisis continues to choke off supplies despite a tentative ceasefire. The country’s largest private-sector...

US Consumer Spending Barely Rose, Inflation Lingered Pre-War

Apr 9, 2026 | Markets

US consumer spending barely rose in February against a backdrop of persistent inflation that’s set to accelerate due to the Iran war. Inflation-adjusted consumer spending increased 0.1% after stagnating in January, continuing an extended period of lackluster demand, a...

Chevron Says Iran War Reduced Production, Impacted Earnings

Apr 9, 2026 | Markets

Chevron Corp. said its production fell as much as 6% in the first quarter due in part to the Iran war, echoing a similar disclosure from arch rival Exxon Mobil Corp. earlier this week. Chevron’s production was between 3.8 million and 3.9 million net oil-equivalent...

Private Credit Exodus Turns Moody’s BDC Outlook to Negative

Apr 7, 2026 | Markets, Private Credit

A swelling wave of redemptions has driven Moody’s Ratings to revise its outlook for private credit investment vehicles to negative, after holding the line at stable for over two years. The ongoing exodus from nontraded vehicles, which make up 60% of the sector’s...

Is SpaceX Worth $2 Trillion? Key Questions for Musk’s Big IPO

Apr 6, 2026 | Markets

In the seven and a half years since Apple Inc.’s market capitalization broke through the $1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets. There are more on the way. SpaceX, the space...