Wary Wall Street Positioning Leaves Room for S&P 500 to Rally

Jun 10, 2025 | Markets

Analysts at firms including Barclays Plc and JPMorgan Chase & Co. see further upside for US stocks, in part because they expect institutional investors to abandon their cautious stance and ramp up exposure to equities. While stocks have roared back from their...

Trump Signs Order to Boost Drone Security Before World Cup

Jun 6, 2025 | Markets

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

Jun 6, 2025 | Markets

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

Jun 6, 2025 | Markets

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

Jun 6, 2025 | Markets, Private Credit, Private Markets

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

Jun 5, 2025 | Markets

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...