Wall Street Group Urges SEC to Lift Private Asset Trading Ban

Apr 22, 2026 | Markets, Private Credit

Lobbyists for some of Wall Street’s biggest alternative asset managers are asking regulators to relax rules preventing the buying and selling of assets between funds overseen by the same company, a move they say will boost the adoption of private assets in retirement...

US Gasoline Prices Likely Peaked Last Week, Energy Secretary Wright Says

Apr 21, 2026 | Markets

The surge in US gasoline prices from the Iran war appears to have crested, Energy Secretary Chris Wright said. “It looks like they peaked about a week or so ago,” Wright said during testimony before a Senate committee on Tuesday. The 35% jump US gasoline prices over...

Pentagon Seeks $75 Billion for Drones in Record Budget Ask

Apr 21, 2026 | Markets

The Pentagon’s largest-ever budget request earmarks $75 billion for drones and technologies to counter them, mainly for a massive increase for a little-known office working with US commandos to test and evaluate various systems, according to defense officials. The...

Oil Traders Warn of Recession Impact as Hormuz Hits Demand

Apr 21, 2026 | Markets

The world’s top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession as fuel demand takes a hit. The vital energy channel has been largely closed to non-Iranian shipping since war began at the end of...

Trump Says Currency Swap With UAE Is Under Consideration

Apr 21, 2026 | Markets

US President Donald Trump said a currency swap with the United Arab Emirates is under consideration, as the Gulf state floats the prospect of financial assistance to weather the fallout from the Iran war. “It is,” Trump said Tuesday on CNBC when asked if the...

Wall Street fears ‘too much optimism’ about Iran war as stocks hit record highs

Apr 21, 2026 | Markets

Stocks are trading at record highs. But this new high-water mark for the benchmark S&P 500 (^GSPC) has not been met with resounding enthusiasm or relief. Investor sentiment data from the American Association of Individual Investors showed there were still more...