Citigroup Sees Bigger IPOs as Private Deals Bulk Up Valuations

Jun 27, 2025 | Markets

A wave of big initial public offerings is building as emerging growth companies stay private for longer and bulk up their valuations through secondary stock sales. “I don’t know if it’s here forever, but I think you are winding up a coil,” said John Collmer, global...

US consumer spending falls; tariff-related boost to inflation awaited

Jun 27, 2025 | Markets

U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration’s tariffs faded, while monthly inflation maintained a moderate pace of increase. The Commerce...

Fannie, Freddie Ordered to Find Ways to Count Crypto as an Asset

Jun 25, 2025 | Markets, Private Markets

Bill Pulte, who leads the Federal Housing Finance Agency, ordered Fannie Mae and Freddie Mac to propose ways to consider cryptocurrencies when the entities assess risk for mortgage loans. “Today I ordered the Great Fannie Mae and Freddie Mac to prepare their...

Private Funds for Retail Investors Jump to $350 Billion, Morningstar Says

Jun 24, 2025 | Markets, Private Credit

Wealthy retail investors in the US piling into private credit are pushing the market for semi-liquid funds to about $350 billion and exposing themselves to new risks, according to a Morningstar Inc. report. The total market for semi-liquid funds has surged 60% since...

Investors Are Most Positive on EM in Two Years, HSBC Survey Says

Jun 24, 2025 | Markets

Investors’ bullishness on emerging markets is at its highest in over two years, according to HSBC’s quarterly survey of 100 money managers. About 44% of respondents now have a bullish outlook on EM for the coming three months, according to the survey, which canvassed...

Uber and Waymo Begin Driverless Ride-Hailing Service in Atlanta

Jun 24, 2025 | Markets

Uber Technologies Inc. on Tuesday will begin offering its customers driverless Waymo rides in Atlanta, making it the second market, after Austin, where the two companies are teaming up instead of competing against each other. Dozens of Waymo’s robotaxis will service...