BlackRock Readies Venture Secondaries Fund as Market Expands

Aug 18, 2025 | Markets, Private Markets

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

Aug 15, 2025 | Markets

Key Points 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,...

Wall Street Wrestles With Hedging Conundrum as Valuations Swell

Aug 15, 2025 | Markets

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

Aug 15, 2025 | Markets

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

Aug 15, 2025 | Markets

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

Aug 14, 2025 | Markets

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....