Weakest BDCs’ Bonds Risk Downgrade to Junk Within Six Months

May 29, 2026 | Markets, Private Credit

More private credit funds are at risk of losing the investment-grade ratings on their debt as they continue to face elevated redemption requests, according to research published by Bank of America Corp. Three of the largest private business development companies are...

BlackRock Scales Back Equities After ‘Generational’ Earnings

May 29, 2026 | Markets

BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season. The world’s largest asset manager cut its overweight position in equities from 3% to 1%, according to...

Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s

May 28, 2026 | Markets

Tesla Inc. has just 42 vehicles operating as robotaxis in Texas almost a year after Elon Musk launched the service, a small fraction of the fleet commanded by rival Waymo. The official count was revealed for the first time in registration information Tesla submitted...

Gap Shares Plummet After Retailer Lowers Sales Outlook

May 28, 2026 | Markets

Gap Inc. shares plunged after it lowered its outlook for net sales growth for the year. The retailer now sees net sales up as much as 2%, after previously forecasting as much as 3% growth. Overall comparable sales, as well as comparable sales for the Old Navy, Banana...

Anthropic Valued at $965 Billion After Latest Funding Round, Eclipsing OpenAI

May 28, 2026 | Markets

Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. The funding, announced Thursday, was led by Altimeter...