Dimon to Pitch JPMorgan’s Ultra-Rich Clients on SpaceX IPO
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients, part of an unprecedented nationwide push in coordination with the rocket maker’s leaders....
Dwindling US Oil Inventories Are a Warning to Global Markets
The supply buffer is becoming uncomfortably thin as summer driving season begins.Welcome to our guide to the commodities driving the global economy. Today, Oil Trading Americas Team Leader Devika Krishna Kumar looks at the implications of declining US inventories. If...
Broadcom Slides Most Since January 2025 on AI Outlook Miss
Broadcom Inc. shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter running through July, the...
A 180% Crypto Rally Shows New Investing Era as Bitcoin Melts
As billions of dollars leave Bitcoin and Ether funds, money is flowing into a corner of crypto that promises something investors have long struggled to find in digital assets: a clearer path from economic activity to token value. The strongest sign is the HYPE token...
DoubleLine’s Cohen Says AI Bubble Is Coming to Credit Markets
Artificial intelligence debt will almost certainly reach bubble levels eventually, given the history of periods of heavy investments in areas like railroads and the internet, said DoubleLine portfolio manager Robert Cohen. High odds of coming froth mean money managers...
Private Credit Stocks Fall on Cliffwater Redemption Requests
Shares of the biggest alternative asset managers tumbled Wednesday after Cliffwater LLC’s flagship private credit fund reported even larger redemption requests than in the first quarter, setting off a new wave of fears about the industry. Shares of Blackstone...
Private Credit Marks Drawing More Scrutiny From SDNY Prosecutors
Wall Street’s top prosecutor said his office is looking at possible valuation discrepancies in the private credit marketplace. Jay Clayton, the US attorney for the Southern District of New York, addressed the issue Wednesday while speaking at the Bloomberg Global...
Bitcoin’s Inflation-Hedging Promise in Tatters After Plunge
Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream. The decline comes as investors pull money from Bitcoin...
Michael Saylor’s Strategy Falls After Mizuho Cuts Bitcoin Forecast, Trims MSTR Target – ‘Crypto Winter Remains Intact’
Mizuho reduced its price target on MSTR’s stock to $265 from $320 but maintained its 'Outperform' rating after slashing its year-end forecast on Bitcoin. It noted Strategy's roughly $2 billion cash reserve, which management says can cover about two years of...
AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic
Chipmakers are by far the hottest stocks in the market, but their recent surge is lending urgency to the debate over whether investors are buying into an artificial-intelligence bubble that’s due to burst. The Philadelphia Stock Exchange Semiconductor Index is on pace...
Nikola Tesla Started the Silver Shortage 100 Years Ago
He invented the electric future. We're just running out of silver trying to build it. In 1899, Nikola Tesla was dreaming about a world powered almost entirely by electricity — wireless transmission, electric motors, massive power grids, automation, remote control...
Tech Stars From the 90s Reborn: Nokia, Dell, Cisco Surge on AI
They were all stars of the dot-com era before fading into the background as the bubble burst and a new generation of tech darlings rose to the forefront. But Dell Technologies Inc., Nokia Oyj and Lenovo Group Ltd. are back with a vengeance thanks to the unrelenting...
Weakest BDCs’ Bonds Risk Downgrade to Junk Within Six Months
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
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...
