BlackRock South Korea ETF Sees Record Exodus as AI Stocks Soar
Investors pulled cash out of a BlackRock exchange-traded fund tracking South Korean equities at the fastest pace on record on Wednesday amid a broad-based rally that has taken the nation’s stock index to all-time highs. The $23 billion iShares MSCI South Korea ETF,...
UK Bond Rout Sends 30-Year Yield to Highest Since ‘98
UK long-term borrowing costs jumped to a 28-year high as worries intensified over local government elections and the impact of soaring energy prices on the economy. The yield on 30-year gilts surged as much as 13 basis points to 5.78%, the highest since 1998. The...
Surveillance Firm Hawkeye 360 Said to Raise $416 Million in IPO
Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, is raising $416 million in a US initial public offering priced at the top of a marketed range, according to people familiar with the matter. The Herndon, Virginia-based...
Stocks Rise to Record and Oil Falls as Truce Holds: Markets Wrap
Relative calm returned to global markets, with stocks rising and oil falling as signs that a US-Iran ceasefire is still in place reduced fears about a full-scale war that could hamper the economic outlook. The bounce in equities drove the S&P 500 to all-time highs...
Oil Holds Gain as Iran, US Exchange Fire in Middle East Flareup
Oil held the bulk of a sharp gain after fighting flared in the Middle East, with the US and Iran exchanging fire, renewed attacks on energy infrastructure, and vessels hit near the Strait of Hormuz. Brent traded near $114 a barrel, after surging 5.8% on Monday, while...
AI’s Hottest Private Companies Have Booming Crypto Shadow Market
The race to sell retail investors a piece of the AI boom has gone mainstream — closed-end funds, interval funds, special-purpose vehicles. Now, crypto platforms are offering trades tied to the most valuable private AI companies on earth — ones ordinary investors have...
Pretium’s Mullen Says Capital for Rental Homes Is ‘Drying Up’
Legislation that would ban large corporate landlords from acquiring more single-family rental homes is depriving the US housing market of much-needed investment, Pretium founder Don Mullen said in an interview with Bloomberg Television. The ban was included in a...
SEC Investigating Alleged Fraud in Private Credit, Atkins Says
Securities and Exchange Commission Chairman Paul Atkins said the agency is investigating allegations of fraud in private credit firms, though he declined to say specifically which companies are under scrutiny. Atkins spoke Monday at the Milken Institute Global...
Amazon Shipping Services Repackage Sparks UPS, FedEx Selloff
Amazon.com Inc. unveiled a suite of logistics services that will let businesses buy its existing freight and distribution offerings as a package, sending shares of rival delivery companies such as FedEx Corp. and United Parcel Service Inc. lower. The world’s largest...
JPMorgan Hires Morgan Stanley’s Boyle to Lead PE Secondaries
JPMorgan Chase & Co. hired Will Boyle from Morgan Stanley to lead its team that advises private equity firms on structuring private deals, as the bank looks to build out its capital advisory business for sponsors. Boyle will serve as global head of secondary...
Apollo’s Zito Calls Credit Safer Bet in High-Volatility Times
Apollo Global Management Inc.’s John Zito argued private credit is the safer place for investors to be even as the rise of artificial intelligence is dramatically shifting the environment for “the whole ecosystem of investing.” “Everyone is acknowledging” that we’re...
Ukraine war briefing: Strikes on Russia’s Primorsk oil port and ships
Zelenskyy says three ‘shadow fleet’ vessels hit along with guided missile corvette; Ukrainian drones menace Moscow and surrounds. What we know on day 1,531 Ukraine on Sunday launched a wave of strikes against Russian oil targets, hitting the key port of Primorsk on...
Ukrainian strikes hit key Russian oil infrastructure, including “shadow fleet” tankers
Ukrainian drones hit key Russian oil infrastructure on Sunday, including a key loading port in the Baltic Sea and two tankers that Ukraine alleged were used to illegally transport Russian crude oil, in violation of sanctions. They were among a wave of strikes...
Private Credit Could Spark Psychological Contagion, Barr Warns
Federal Reserve Governor Michael Barr said stress in private credit could spark “psychological contagion” leading to a broader credit crunch, once again warning against loosening the reins on Wall Street at a time of rising risks. In an interview with Bloomberg News,...