New York City’s Five Pensions Gain 13% on Surging US Stocks

Aug 12, 2026 | Markets

New York City’s five pensions beat their investment target over the past fiscal year, propelled by a record-breaking US stock market. The funds for police officers, firefighters, teachers, civil employees and school personnel returned 13% in the year through June 30,...

India’s Small Traders Lose $9.6 Billion in Options Despite Curbs

Aug 11, 2026 | Markets

Individuals in India lost 916.85 billion rupees ($9.6 billion) buying and selling equity futures and options in the year ended March, down from 1.1 trillion rupees a year earlier, the government told lawmakers on Tuesday. The number of traders in equity derivatives...

Defense Startup Neros Triples Valuation to $2.5 Billion

Aug 11, 2026 | Markets

Neros Inc. raised $250 million in a funding round that tripled its valuation to $2.5 billion, money that will boost the defense startup’s drone development and production to meet rising US government demand. The funding will also be used to expand internationally and...

Bessent’s Whatever-It-Takes Yen Vow Masks Limited Firepower

Aug 10, 2026 | Markets

Treasury Secretary Scott Bessent’s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called out by market participants flagging his limited firepower to do the job. Japan’s currency slid as much as 1% Monday to past 159 per dollar,...

Bulgaria Says Crashed Drone Near Romania Likely Ukraine’s

Aug 8, 2026 | Markets

The drone that crashed into a sunflower field in Bulgaria early Saturday was most likely a model commonly used by Ukraine, the Bulgarian defense ministry said. “Initial analysis of the wreckage shows that it is most likely a Maya decoy drone. This type of drone is...

Private Credit Squeezed By Bank Refinancings: Credit Weekly

Aug 8, 2026 | Markets, Private Credit

Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates. Corporate America’s effort to limit its interest burden is showing up in...