Trump Signs Order to Boost Drone Security Before World Cup
President Donald Trump signed executive orders Friday to bolster US drone capabilities, including strengthening counter-drone tools ahead of major sporting events such as the 2026 FIFA World Cup and the 2028 Summer Olympics that will be hosted in the country. “Taking...
Walmart CFO Says Shoppers Remain Focused on Food, Essentials
Walmart Inc. said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over discretionary purchases. “It’s been very consistent,” Chief Financial Officer John David Rainey told reporters in a question-and-answer...
Dronemaker Destinus Seek Funds at Unicorn Valuation
Destinus, a drone company founded by a former Russian national that supplies weapons to Ukraine, is in talks to raise funds that would value the firm at as much as €1.5 billion ($1.7 billion), according to people familiar with the matter. The company is holding talks...
Wall Street Has a Hot Way to Sell Private Assets to the Masses
The push to put private assets in the hands of individual investors is breathing new life into a relatively quiet corner of the asset management industry: interval funds. Vanguard Group, Capital Group and the TCW Group are among the investment giants who have embraced...
About 20% of Tech Startups Worth More Than $1 Billion Will Fail, Accel Says
There are more than 1,000 technology unicorns, meaning venture-backed companies worth $1 billion or more, but at least 1 in 5 are likely to fail, said Rich Wong, a partner at venture capital firm Accel Partners. “I think maybe out of that thousand, 20% fully die. The...
Emerging Privates, “Vanguard Effect!” Cause of S&P Peak & Steady Decline
The rapidly emerging Private Companies asset class and the “Vanguard Effect” are the best answer for how 80% declines for the Dow and the S&P 500 from their recent all-time highs are possible. See my 03/17/25, “Secular Bear Underway, How 80%+ Decline for Dow &...
US Services Activity Contracts for First Time in Nearly a Year
Activity at US service providers slipped into contraction territory last month for the first time in nearly a year on an abrupt pullback in demand, while prices accelerated as higher tariffs reverberated across the economy. The Institute for Supply Management’s index...
Apollo Calls for ‘Tailored’ Private Markets Rules in Australia
Apollo Global Management, Inc. has warned Australia’s securities regulator against “broad brush” rules for unlisted investments and has called for regulation to instead target specific asset classes. The comments were included in one of more than 50 submissions...
Dollar General Jumps Most on Record After Raising Forecast
Dollar General Corp. surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store...
US 20-Year Yields Fall Below Longer Bonds by Most Since 2021
For a fleeting moment Monday morning, 20-year bonds were no longer offering the highest yields on the US Treasuries curve. The tenor briefly traded below the longest-maturities by the most in almost four years, sending 20-year yields less than 1 basis point below the...
At 10 AM, Stock Options Soar as Retail Traders Unleash New Bots
When people talk about algorithmic traders, it evokes images of rooms full of math PhDs creating complex models that place huge trades in milliseconds after economic or earnings data is released. But now, it’s retail traders who are turning in droves to automated...
Trump’s Promises of Easy Wins Meet Reality During a Rocky Week
President Donald Trump returned to office promising to easily fix generationally intractable problems, from quickly brokering peace in Ukraine and the Middle East to overhauling the federal government and rewriting the global trade order. But this week showed just how...
Wall Street Eyes Chinese Stocks Hedges Ahead of Tariff Deadline
Since slumping to a four-month low in April, Chinese equities have rallied nearly 25% as US-China trade tensions eased. According to 22V Research, that’s left the stocks vulnerable to yet another selloff in coming weeks and months. The end to a temporary trade truce...
Wilbur Ross Says Investor Confidence Risks Fading Within Weeks
The relative calm in US stock markets has an expiration date, according to Wilbur Ross: late June. The famed corporate raider and former secretary of commerce expects President Donald Trump’s administration to make meaningful progress on trade pacts by the end of next...
