Texas Fund Revealed as Record Backer of State Street Credit ETF
The identity of an investor that dramatically boosted assets in State Street Corp.’s private credit ETF has been revealed as a $60 billion sovereign wealth fund that provides funding to Texas public schools. The Texas Permanent School Fund bought more than 29 million...
Investors Add Exposure to China ETFs After Trump-Xi Meeting
Investors plowed cash into China-focused exchange-traded funds at the fastest pace in over a year last week amid easing trade tensions between the world’s two largest economies and the broader rally across artificial intelligence stocks. The $7.3 billion KraneShares...
SpaceX’s Mega-IPO Puts a Price on the Fear of Missing Out
Elon Musk has turned science fiction into reality for the better part of two decades, making believers rich and earning the benefit of the doubt from many on Wall Street. Away from rockets and electric cars, his companies are bending reality on another plane –...
How Attack on UAE Shows Nuclear Plants’ Vulnerability in War
A drone strike near the United Arab Emirates’ only nuclear power plant has underscored the fragility of the Iran war ceasefire and vulnerability of such civilian energy infrastructure. Barakah is the Middle East’s largest nuclear power plant, located around 280...
Morgan Stanley’s chief latest forecast: Bond market turmoil could lead to a pullback in US equities, but the long-term bull market outlook remains optimistic.
According to Zhitong Finance, as the selloff in global bond markets continues to intensify, the AI-driven rally in U.S. equities is facing a severe test. Mike Wilson, Chief U.S. Equity Strategist at Morgan Stanley, warned that if bond market volatility increases and...
Iranian Media Said US Offered Interim Waiver on Oil Sanctions
An Iranian media outlet reported that the US proposed a temporary waiver of sanctions on the Islamic Republic’s oil, a key demand by Tehran to agree to a peace deal and reopen the Strait of Hormuz. The US hasn’t confirmed offering a waiver, which would be in place...
Yield Surge Puts Logic Behind Stocks Rally to the Test
Equities are showing signs of resilience even as yields jump.Market Snapshot Brent crude oil futures $110.48 +1.1% S&P 500 futures 7,395.50 -0.5% US 10-year Treasury yield 4.60% +0.01 Stoxx Europe 600 Index 604.42 -0.4% Hang Seng Index 25,675.18 -1.1% South Korea...
Three Times the Market Ignored Inflation. Here’s What Happened Next.
This week, the S&P 500 hit a record while producer inflation posted its worst reading since 2022. That is not normal. But it has happened before. Three times in the last 25 years, the market ignored inflation and kept climbing. Each time, the rally ended the same...
BlackRock Private Credit Fund’s Valuations Are Probed by DOJ
Federal prosecutors are scrutinizing valuation practices at a BlackRock Inc. private credit fund, according to people with knowledge of the matter. The Manhattan US Attorney’s office in recent months has been seeking information about BlackRock TCP Capital Corp., a...
Global Bond Selloff Worsens as Rising Oil Prices Spook Investors
Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates to contain the impact. The rout was led by longer-dated bonds that are...
US Is Starting to See Heavy Job Losses in Roles Exposed to AI
Several US occupations expected to be impacted by artificial intelligence saw heavy job losses for a second year in 2025, led by customer service representatives and certain types of secretaries and salespeople. A group of 18 occupations flagged by the Bureau of Labor...
Robotics CEO Vows No Intervention in Humanoids’ Viral Trial Run
Figure AI Inc.’s humanoid robots sorted packages for around 50 hours nonstop without intervention, Chief Executive Officer Brett Adcock said, a milestone in showing their ability to take on everyday tasks. “There’s absolutely no teleoperation into this,” Adcock said...
BofA’s Hartnett Says Stock Market Ripe for Profit Taking in June
The stock market is ripe for profit-taking in early June due to investors crowding into equities and rising inflation risks, according to Bank of America Corp. strategists. Growing price pressures are having a broad impact in the US, from energy and transportation...
Buybacks, Revamps, Deals: Firms Dig Deep to Fix Problem Private Credit Funds
The troubled private credit funds, by most any measure, are a sliver of the assets of investing giants KKR & Co., BlackRock Inc. and Apollo Global Management Inc. Yet as the firms’ most outward-facing vehicles during the $1.8 trillion market’s turbulent 2026,...