Default Warnings Start to Pile Up in Private Credit Market
Warnings on defaults are starting to pile up in the $1.7 trillion private credit market, prompting at least some analysts to raise concern about underappreciated risks in one of Wall Street’s favorite money spinners. For years, losses have been contained by the fact...
Stocks Fall a Fifth Straight Day on Walmart Miss, Jobless Claims
US stocks closed out their fifth straight day of losses, the longest slide since the turn of the year, after retail bellwether Walmart Inc. posted a rare profit miss, jobless claims ticked higher and a Federal Reserve official downplayed the need for a near-term...
Neuberger Berman Nears First Close for $5 Billion Secondary Fund
Neuberger Berman is closing in on a $5 billion goal for its flagship fund to buy secondary private equity stakes as investors flock to the strategy. The New York-based manager is expected raise at least half of its target in its initial phase of fundraising, also...
BlackRock Readies Venture Secondaries Fund as Market Expands
BlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market. The world’s largest money manager disclosed plans for the fund this month in regulatory filings. BlackRock...
OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation
OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Friday. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer...
Wall Street Wrestles With Hedging Conundrum as Valuations Swell
Nathan Thooft is no market bear. His team at Manulife Investment Management, which oversees $160 billion, still holds a modest overweight in stocks. But as US markets jump from record to record, he’s been trimming big winners, buying bonds and adding a layer of...
Dow Jones Industrial Average flubs another record high as consumer sentiment sours
The Dow Jones found new all-time highs on Friday before trimming gains. US consumer sentiment took an unexpected hit in August. Consumers are beginning to sour on economic outcomes as tariff effects begin to crop up. The Dow Jones Industrial Average (DJIA) surged to...
BofA’s Hartnett Says US Stocks to Falter After Jackson Hole
US stocks are set to decline in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium after this week’s record-breaking rally, according to Bank of America Corp. strategists. The team led by Michael Hartnett said investors...
China’s Economy Slows Sharply as Trade War Bites
China’s economy slowed across the board in July with factory activity, investment and retail sales disappointing, suggesting Beijing’s crackdown on destructive price wars and spillovers from Donald Trump’s tariffs are casting a pall over the world’s No. 2 economy....
Jackie Bezos, Who Funded Her Son Jeff’s Startup, Dies at 78
Jackie Bezos, a fierce protector of her son Jeff before he founded Amazon.com Inc. and a deep-pocketed advocate for early childhood education, has died. She was 78. Bezos died at her home in Miami on Thursday, according to the Bezos Family Foundation’s website. In...
Echoes of 2007 Haunt Dollar as Fed Risks Easing Amid Inflation
The dollar is set for a toxic mix of a Federal Reserve cutting interest rates in the face of rising annual inflation, a damaging scenario last seen nearly two decades ago, according to Bank of America Corp. “If the Fed cutting cycle were to resume, any rate cuts in...
Deere Plunges as Struggling Farmers Delay Machinery Rebound
Shares of Deere & Co. tumbled the most in over three years as the world’s biggest farm machinery maker pared its annual earnings outlook with lower grain prices curbing growers’ spending. The farm-machinery sector has been expected to bottom out this year, but a...
S&P 500 Margins at Risk as Producer Costs Outrun Consumer Prices
Corporate America’s effort to boost margins and sustain US stock gains faces a key hurdle: a widening gap between consumer and producer prices, compounded by tariff uncertainties. Prices paid to US producers surged in July by the most in three years, adding to signs...
Carlsberg Falls After CEO Warns of Weak Consumer Spending
Carlsberg A/S shares fell after it reported a drop in volumes and warned consumers were continuing to pull back on spending. Overall organic volumes at the Danish brewer fell 1.7%, which was slightly worse than analysts had expected, with the company warning demand is...