Jul 1, 2025 | Markets
Rates in the US funding market surged at the end of the quarter in a sign of potentially further dislocations in money markets as Congress lifts the debt ceiling. Volatility intensified on Monday beyond the typical spikes seen at the end of months and quarters. That’s...
Jul 1, 2025 | Markets
Vanguard Group is planning its debut into an increasingly competitive corner of the $11.6 trillion US exchange-traded fund arena. The Vanguard High-Yield Active ETF would trade under the ticker VGHY and invest at least 80% of its portfolio in high-yield debt,...
Jul 1, 2025 | Markets
Medical technology company Brainlab postponed its initial public offering in Frankfurt on Tuesday after some investors withdrew their orders, according to people familiar with the matter, the latest deal to be shelved as Europe’s market for new listings remains...
Jul 1, 2025 | Markets
US auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump’s auto tariffs drove up prices. General Motors Co. said deliveries rose 7.3% in the second quarter, as industrywide demand cooled following a...
Jul 1, 2025 | Markets
US factory activity contracted in June for a fourth consecutive month as orders and employment shrank at a faster pace, extending the malaise in manufacturing. The Institute for Supply Management’s manufacturing index edged up 0.5 point last month to 49, according to...
Jun 30, 2025 | Markets
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company’s artificial intelligence group, including a commitment to developing AI “superintelligence,” or systems that can complete tasks as well as or even better than...
