Understanding Private Credit’s Rapid Growth

Oct 3, 2025 | Markets, Private Credit

Private credit, which can offer floating interest rates that increase in tandem with benchmark rates, has seen significant growth in recent years and could become a $5 trillion market by 2029. Demand for private credit—which refers to lending to companies by...

US Services Gauge Falls on Weakest Business Activity Since 2020

Oct 3, 2025 | Markets

The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded. The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said...

Apple Adds a Bear as Jefferies Downgrades, Sees 20% Downside

Oct 3, 2025 | Markets

Apple Inc. received a relatively rare bearish analyst rating on Friday, as Jefferies warned that expectations surrounding how fast customers will upgrade their iPhones had become excessive. Analyst Edison Lee cut his rating on the stock to underperform from hold,...

Merz Urges Germans to Accept Change or Suffer Economic Slide

Oct 3, 2025 | Markets

German Chancellor Friedrich Merz on Friday implored Germans to either embrace uncomfortable reforms or watch their economy fade. “Our nation is in the midst of an important, perhaps decisive phase in its modern history,” Merz said in a speech in Saarbruecken marking...

Citizens CEO Says Capital Markets, Wealth Driving Results

Sep 30, 2025 | Markets

Citizens Financial Group Inc.’s results are being driven by growth of the bank’s wealth business and a revival in capital markets, including a comeback for mergers and acquisitions, Chief Executive Officer Bruce Van Saun said. “There’s now a tick-up in deal flow,...