Rokt’s Valuation Hits $3.5 Billion After Secondary Share Sale

Rokt separately agrees to $300 million purchase of mParticle E-commerce group has plans to go public in first half of 2026 E-commerce company Rokt has agreed a secondary share sale with investors including Tiger Global Management at a $3.5 billion valuation, ahead of...

China Heads for Longest Deflation Since Mao as Trade War Awaits

Economists call for forceful action to reverse price declines GDP deflator forecast to be negative for third straight year China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s,...

US Mortgage Rates Pushing Past 7% Signal Tough Road Ahead

All signs’ point to more expensive costs, economist says MBA measure of 30-year mortgage rate in US hit 7.09% US homebuyers contending with the highest borrowing costs in eight months are seeing mortgage rates rise past a psychological barrier that risks complicating...

Case and Womack Renew Efforts with the Sustainable Budget Act

Representatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member bipartisan commission tasked with developing recommendations to reduce the deficit and address the nation’s fiscal...

BlackRock assets hit record $11.6 trillion in fourth quarter

Summary Assets hit record high after strong markets in Q4 Total net inflows hit $281 billion HPS deal set to close in first half of the year, Preqin in Q1 Senior executive Wiedman to depart the firm BlackRock posted a 21% fourth quarter jump in profit after buoyant...