Fund Giant BlackRock Is Out to Unite Public and Private Markets

Feb 20, 2025 | Markets, Private Markets, Recommended

Larry Fink built the world’s biggest asset manager by making access to stocks and bonds easy. Can the same be done with more opaque assets?  Asset management has two great kingdoms. The purveyors of mutual funds and exchange-traded funds dominate the first and...

Trump Floats Giving DOGE Savings to Public, Defending Cost Cuts

Feb 19, 2025 | Markets

President suggests 20% returned, 20% going to cut deficit Musk, Trump push to slash government faces legal challenges President Donald Trump suggested that some savings from his federal cost-cutting effort, overseen by billionaire Elon Musk, could be sent back to US...

Palantir Drops 10% on Report of Pentagon Slashing Budget

Feb 19, 2025 | Markets

Spending shift would affect 8% of US defense spending AI-focused Palantir has become major government contractor Palantir Technologies Inc. shares fell 10% on Wednesday, and continued to slide in after-hours trading, following a report that US Defense Secretary Pete...

UK Consumer Confidence Sinks to Lowest Since Labour Came to Power

Feb 19, 2025 | Markets

BRC says half of consumers expect worsening in economy Household morale has been weakened by Labour’s tax hikes Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit...

Private Credit Is the Hot New Thing on Wall Street. But What Is It?

Feb 19, 2025 | Markets, Private Credit, Private Markets

It sounds mysterious, but it’s really just a loan—often a risky one—made by an investment fund instead of through a bank. Hedge funds? Quant trading? Old news. These days, everyone within shouting distance of Wall Street is talking about private credit—even if some of...

Bessent Says DOGE Effort Has Saved Estimated $50 Billion So Far

Feb 18, 2025 | Markets

US Treasury chief says no need to worry about private data Ukraine partnership will show US citizens a return on support US Treasury Secretary Scott Bessent said US taxpayers don’t need to worry about the security of their private data while Elon Musk’s Department of...