Carvana Rebounds as Report on Walter’s Pledged Stake Allays Fear
Shares of online used-car dealer Carvana Co. recovered some losses from a two-day selloff, after a report showed billionaire Mark Walter’s stake in the company was pledged, meaning he wouldn’t be able to immediately sell it as he contends with a federal probe of his...
Private Equity Buyers Seen as Joining $3.5 Trillion M&A Surge
The confidence and enthusiasm that has propelled dealmaking to $3.5 trillion this year may be spreading from the boardrooms of corporate acquirers to private equity, said Goldman Sachs Group Inc.’s Matt McClure. While strategic acquirers deploying capital to scale up...
Unitree Robotics Surges 460% After $904 Million Shanghai IPO
Unitree Robotics shares surged 460% in their Shanghai trading debut after the company raised 6.1 billion yuan ($904 million) in an initial public offering, becoming the first listed humanoid robot maker in mainland China. Shares of the Hangzhou-based company,...
Private Equity’s Zombie Problem
PE’s walking dead: The zombie portfolio companies with nowhere to goPrivate equity’s zombie problem is hiding in plain sight. Across the US, nearly 4,600 PE-backed companies have been held for five or more years, and GPs are sitting on over $860 billion in buyout NAV...
Bonds Face Bigger Threat Than the Fed as Global Rates Climb
As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds. Traders see borrowing costs rising faster in Japan, Canada, the euro zone and...
2026 HIGHs for STOCKS, likely not Exceeded until 2051??
The 2026 highs for the vast majority of all stocks are not likely to be exceeded until 2051. The prediction is based on my research of the Dow Jones Index from 1802 to 2009. The research enabled my discovering that stocks have secular bull and bear market patterns. ...
Trump Family-Tied Drone Stocks Rise After New US Tariffs
Drone makers and suppliers, including two companies with ties to the Trump family, rallied Friday after the White House said it’s applying a tariff on imports of unmanned aircraft systems and their components. The stock of drone-parts maker Unusual Machines Inc.,...
Private Credit’s Salt Fight Shows ‘Anything But Software’ Push
In a tongue-in-cheek private credit glossary making the rounds, ABS, the usual abbreviation for asset-backed securities, has been rebranded as “anything but software.” Once darlings of the market, software firms have turned into black sheep as artificial intelligence...
Robinhood Plans to Speed Up Debuts for Publicly Traded Funds
Robinhood Markets Inc. is planning to increase how often it debuts publicly traded closed-end funds after unveiling its first two attempts at making private firms more widely available to its retail customers. The first fund, which holds stakes in large private...
Bill Ackman’s Pershing to Debut Venture Fund for Pre-IPO Bets
Hedge fund billionaire Bill Ackman’s investment firm is working on a new investment vehicle to give investors access to pre-IPO companies, joining a wave of new funds offering exposure to fast-growing startups. Pershing Square Inc. has begun the process to launch the...
Pentagon Wants to Deploy Lasers, Other Counter Drone Tech in US
The Pentagon is moving to speed up the deployment of high-powered lasers and other counter-drone systems around key US facilities, amid increased threats from unmanned aircraft. The Defense Department will sign an agreement within days with the Department of Homeland...
Private Capital Secondary Market on Track for $250 Billion Year
The private assets secondary market could reach $250 billion this year after surging to a record $121 billion in the first half of 2026, Nigel Dawn, global head of the private capital advisory group at Evercore Inc., said in a Bloomberg TV interview. Dawn attributed...
New York City’s Five Pensions Gain 13% on Surging US Stocks
New York City’s five pensions beat their investment target over the past fiscal year, propelled by a record-breaking US stock market. The funds for police officers, firefighters, teachers, civil employees and school personnel returned 13% in the year through June 30,...
India’s Small Traders Lose $9.6 Billion in Options Despite Curbs
Individuals in India lost 916.85 billion rupees ($9.6 billion) buying and selling equity futures and options in the year ended March, down from 1.1 trillion rupees a year earlier, the government told lawmakers on Tuesday. The number of traders in equity derivatives...
