War, Inflation Can’t Stop ETFs’ Trillion-Dollar Inflow Boom
Exchange-traded funds are attracting cash at a record-breaking trillion-dollar pace despite persistent inflation, war in the Middle East and bouts of market volatility — a testament to American households’ enduring buy-and-hold conviction. US-listed ETFs have absorbed...
Private Equity Zombies Expected to Multiply as Deal Lull Drags
Private equity fund investors expect more so-called zombie funds to show up in their portfolios as dealmaking remains muted, according to a survey from secondaries firm Coller Capital. More than half of investors said they expect the number of zombie funds, where a...
Fed’s Favorite Gauge Is Seen Showing Faster Inflation
The latest update to the Federal Reserve’s favorite inflation gauge is unlikely to challenge a growing consensus at the US central bank around the need for interest-rate hikes this year. Forecasters expect the personal consumption expenditures price index, due...
Sell the Nasdaq 100!
Dear Reader, I'm writing you with an urgent market warning... Make sure you sell the Nasdaq 100 by July 5! Everyone from venture capital to banks and even the index providers is about to benefit from financial rule changes that occurred before the SpaceX IPO... Which...
Swiss to Set Up Drone Battalion to Defend Against Hybrid Threats
Switzerland will create a drone battalion by 2028 as the government refocuses the army on defending against hybrid threats and long-range attacks. The Federal Council approved new defense guidelines on Friday, which also include prioritizing protecting critical...
Lutnick’s Anthropic Crackdown Claims New Power Over AI Models
The Trump administration’s push to rein in Anthropic PBC, outlined in a recent Commerce Department order, relies on an unprecedented use of export control laws and raises legal questions about whether the US can dictate who can access artificial intelligence systems....
Abu Dhabi Funds Pour £1.5 Billion Into EQT’s Deal for Intertek
Two of Abu Dhabi’s biggest wealth funds are committing £1.5 billion ($1.9 billion) to back private equity firm EQT AB’s acquisition of Intertek Group Plc, the latest sign of the emirate’s appetite for big-ticket dealmaking despite the cloud of war. Abu Dhabi...
Goldman Axes $500 From Gold Target on No Fed Cuts This Year
Goldman Sachs Group Inc. cut its year-end gold forecast by $500 an ounce as the Federal Reserve is no longer seen easing in 2026. The revised target of $4,900 an ounce for December implies bullion is still expected to gain ground in the second half, although less than...
The Crypto-Treasury Dream Unravels After a 90% Stock Plunge
The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly. Take ReserveOne Inc., a...
How Meter Pricing Is Testing the Economics of AI
Silicon Valley spent much of the past few years feverishly pushing consumers and businesses to inject artificial intelligence into every corner of their lives. Now AI developers want their customers to pay more for the technology they actually use. A growing number of...
US Gasoline Prices Fall Below $4 as Iran Pressure Eases
US gasoline prices dipped below $4 a gallon for the first time since March, providing welcome relief to consumers after a historic global supply disruption sent fuel costs soaring for months. National regular unleaded gasoline averaged $3.999 on Thursday, according to...
Spain Lacks 750,000 Homes With Hotspots From Madrid to the Coast
Spain keeps creating far more households than homes in a mismatch that could increasingly weigh on the economy and society, according to the central bank. The country’s accumulated shortfall of dwellings now totals 750,000, nearly double Italy’s tally of 400,000 and...
Fed’s Warsh Rocks Bond Market in Debut, Sparks Surge in Rate-Hike Bets
Traders piled into betting on interest-rate hikes as soon as next month after Kevin Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation. Two-year Treasury yields, which closely track...
Australia Probes Private Credit Lenders, Warns on Valuations
Australia’s corporate watchdog is investigating a number of private credit funds and warning industry managers to make sure that asset valuations are “grounded in realistic assumptions” before an end-of-month reporting deadline. “We’re absolutely 100% unequivocally...
