AI Rout Exposes Wall Street’s $270 Billion Speculation Machine
This week’s tech rout did more than puncture one of the year’s hottest trades: it exposed the machinery of modern speculation — and how quickly it can work in reverse. A retail-fueled unwind in AI chip stocks reverberated through semiconductor shares across Asia and...
US Chipmaker Selloff Pushes Key Stock Indexes to Weekly Loss
US stocks ended the week lower as ongoing weakness in chip stocks outweighed a survey showing cooler-than-expected inflation expectations and easing rate hike concerns. The S&P 500 fell 0.1% Friday to cap off its biggest weekly decline since the beginning of June...
Iron Ore Set for Seventh Straight Weekly Loss as Market Softens
Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed. Futures for the steelmaking ingredient fell to $96.95 a ton in Singapore on Friday, the lowest intraday level since February. For the week,...
Private Credit Arbitrage Trade Gets Momentum as Redemptions Rise
On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price. Like many things in the $1.8 trillion direct lending market,...
Micron stock soars after blowout earnings expose AI’s memory bottleneck
The AI memory scare ran straight into Micron's (MU) profit machine on Wednesday, sending its stock surging as much as 19% Thursday to a fresh intraday record high — its 40th of 2026.The stock has since pared gains, but the quarter itself was a blowout. Micron topped...
Ares Private Credit Fund Caps Redemptions After 14% Seek to Exit
Ares Management Corp. curbed withdrawals from one of its private credit funds for the second consecutive quarter after redemption requests rose to 14.4%, the latest sign that the $1.8 trillion industry remains under pressure. The $22.6 billion Ares Strategic Income...
Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet
Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector. Today, he sees a new opportunity as risks bubble up around private...
Gold Breaks Below $4,000 as Multi-Year Rally Grinds to a Halt
Gold fell below $4,000 an ounce for the first time since November, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt. Prices slipped as much as 3.7% to trade below $3,970 an ounce, retreating for a second...
Michael Saylor Faces a Bitcoin Dilemma With No Easy Way Out
Michael Saylor’s Bitcoin buying machine Strategy Inc. should stop purchasing the cryptocurrency if it wants to restore market confidence in its shares. That’s according to Julio Moreno, head of research at CryptoQuant, who argues Strategy’s priority should be to...
Copper Holds Losses as Dollar and Hawkish Fed Pressure Metals
Copper and industrial metals largely held Tuesday’s slump as a stronger dollar and the Federal Reserve’s hawkish stance weighed on the demand outlook. Copper was slightly higher on the London Metal Exchange, after losing 2% on Tuesday as a bearish turn in equity...
Bitcoin Hits Two-Week Low as Tech Selloff Sparks Risk-Off Mood
Bitcoin fell to an almost two-week low as a selloff in tech stocks hit risk assets. The original cryptocurrency fell as much as 3.9% to $61,877, its lowest level since June 11. It pared some losses to trade around $62,400 in New York trading hours. Other...
How This World Cup Goalkeeper Built A 15 Million Follower Personal Brand Overnight
A goalkeeper most of the world had never heard of walked off the pitch in Atlanta with about 50,000 Instagram followers. By the next morning he had close to 10 million. Within days he passed Patrick Mahomes, Victor Wembanyama and Travis Kelce and closed in on Tom...
SpaceX stock tumbles 16.4%, shaving off most IPO gains since debut
SpaceX (SPCX) stock fell before the bell on Tuesday, set to pick up on a three-day run of losses after a massive run-up following its IPO earlier this month. The company also confirmed its first-ever bond issuance in a filing. Shares in the Elon Musk-led company...
Apollo Caps Private Credit Fund Again After 17% Request to Exit
Apollo Global Management Inc. is once again limiting withdrawal requests from its largest non-traded private credit fund for retail investors, as broader concerns about the asset class persist. Apollo Debt Solutions, which has roughly $25 billion in assets, capped...