Bloomberg News

Hedge funds dumped technology stocks at one of the fastest paces on record last week, and the momentum crash that followed was the biggest in about 40 years. Even so, few on Wall Street are ready to call time on the AI boom.

Morgan Stanley struck a deal to buy a fintech to bring a key technical aspect of handling corporate stock plans in house, further beefing up the bank’s massive wealth-management arm.

The big message from the midterms is that Americans are struggling with the cost of living. In case anyone missed it, they need relief now. This will put even more attention on the Federal Reserve: Will Chair Kevin Warsh do all he can to bring down inflation or placate the White House, which wants lower interest rates?

In a recent letter to investors, Paul Singer’s Elliott Investment Management predicted a substantial bear market ahead. There might be an abrupt change from fear of missing out, or FOMO, to fear of getting obliterated, or FOGO, the $80 billion manager wrote.

The Federal Reserve held short-term interest rates steady last week. If it does so again at its next meeting in December, it’ll need a better explanation.

Treasuries dipped after an unexpected surge in US job growth led traders to add to wagers that the Federal Reserve will raise interest rates when officials next meet in December.

Fears of the worst-case scenario for the AI trade kicked in after the US midterm elections on Tuesday, in which Democrats secured majorities in the Senate and House of Representatives and won control of state houses and governor’s mansions across the country. Many of the winning candidates ran on anti-AI platforms, raising the possibility that the development of data centers could grind to a halt in many places.

The unprecedented investment boom to build out the infrastructure for artificial intelligence is projected to reach more than $10 trillion, if all current plans are realized. The money is coming from many sources, including corporate cash flows, public equity and debt issuance, private debt issuance, off-balance sheet lease obligations and guarantees to AI data center developers from so-called hyperscalers and the leading chip provider, Nividia Corp.

For years, companies trying to mine or process the rare elements vital to the performance of electric vehicles, drones, medical devices, LEDs, jet engines and computer chips had to fight for every cent.

US state and local government debt is on track to notch its strongest October in more than four decades, as a relief rally follows one of the worst months for the bond market in years.

At least five portfolio managers focused on credit trading at Brevan Howard Asset Management have left the hedge fund firm, the latest sign of fallout from market turmoil.

US labor productivity accelerated in the third quarter at the fastest pace in a year, suggesting a capital spending boom is translating into greater efficiency at a time when input costs have soared.

Agility Robotics Inc. is set to become the first dedicated humanoid company to go public in the US, marking a major milestone for the emerging category that still has a lot to prove.

US equities plunged Thursday as a rotation out of chipmakers deepened and investors looked past the initial relief rally following the US midterm elections.

The world’s advanced economies could be facing a slow-moving train wreck that they appear powerless to stop. We are no longer producing enough babies.

The push by regulators to launch digital versions of US stocks is a rush job that risks introducing crypto-like dangers into the equity market with few benefits. Hopefully, a rebalanced Congress with senators who are less in thrall to the industry can block this move, or at least press for stronger guardrails.

Timing is everything when you’re trying to pull off a mega-deal. And it’s hard to think of a worse moment for semiconductor designer Marvell Technology Inc. to unveil a takeover of laser specialist Lumentum Holdings Inc. at a $115 billion enterprise value.

The world remains in a volatile situation: There’s unrest in France over its deteriorating finances, and big political changes are potentially afoot in the US and Israel. Then there’s the ongoing war with Iran, including increased attacks on tankers in the Strait of Hormuz and Houthi strikes against Saudi Arabia.

Google parent Alphabet Inc. is back in the municipal bond market for the second time this year with a $1.5 billion prepaid energy deal.

While US midterm election results historically bode well for stocks regardless of which party wins, some Wall Street strategists are warning clients to temper their bullishness this time around.

The significance of federal debt breaching the 100%-of-GDP threshold is debatable, but if debt keeps rising relative to the economy there is surely a point at which it becomes problematic for the US. In one sense it already has: net interest on the debt accounted for 14% of federal spending during the fiscal year that ended in September, and more than half the $2 trillion deficit.

Once prone to external shocks, Latin America has weathered this year’s geopolitical upheavals largely unscathed.

Oil and natural gas extended a plunge on unconfirmed reports of further diplomacy in the US-Iran conflict. The US approved a draft memorandum of understanding that the Qatari delegation presented to Iran yesterday, the Al Araby news service reported Tuesday, citing sources close to the mediation team.

US stocks were higher after the market opened as Americans headed to the polls on Election Day, with control of both chambers of Congress at stake and investors weighing mounting risks to the artificial intelligence trade.

The Bank of Japan’s decision to accelerate sales of exchange-traded funds could boost its payments to the government, potentially helping Prime Minister Sanae Takaichi finance her costly policy agenda.

Technology took us out of our homes. It gave us a boss, office politics and an alarm clock — and it was awful. We got used to it; we made it work. Now technology might take those jobs away. But perhaps it will also restore the autonomy and flexibility that once defined work.

The runup in Apple Inc. shares in recent months has left the iPhone maker little room for disappointment when it reports earnings after the bell on Monday.

When Elon Musk pledged to give a share of SpaceX to each child in the US, the proclamation was met with a certain amount of skepticism. Regardless of Musk’s motivation or whether his promise comes to fruition, he has — inadvertently or not — hit on a worthwhile idea.

Anthropic PBC reported third-quarter revenue of nearly $17 billion as of Sept. 30, a twelve-fold increase versus the same period a year ago that’s set to stoke anticipation for the artificial intelligence lab’s potentially record-breaking IPO.

As gold heads toward its worst annual loss in more than a decade, investors are gauging the odds a political shift in the US will restore the precious metal’s haven allure.

Marvell Technology Inc. has reached a deal to buy data center optics maker Lumentum Holdings Inc. at an enterprise value of $115 billion, one of the biggest tech tie-ups ever, in a race to capitalize on the artificial intelligence boom.

US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

Wall Street expects Democrats to win at least one of the houses of Congress in the US midterm elections on Tuesday, setting the stage for a potentially volatile ride in the stock and bond markets with artificial intelligence oversight, defense spending and crypto legislation on the table.

Equity investors are meting out some of the harshest punishments ever for companies that miss expectations, just as strategists sound the alarm that earnings growth has likely peaked.

ExxonMobil Holdings Corp. plans to invest more than $100 billion over the next few years to help augment global energy supplies, Chief Executive Officer Darren Woods told CNBC after the supermajor posted blockbuster quarterly results.

Investors were thoroughly unimpressed with Alphabet Inc.’s third-quarter earnings on Wednesday evening. Shares tumbled nearly 11% after the company missed sales and profit expectations. It was a sign, Bloomberg News reported, that Wall Street wasn’t satisfied that Google is seeing enough of a return on its artificial-intelligence bets.

Federal Reserve Chair Kevin Warsh champions parsimony in central bank communications and loathes so-called forward guidance. But he’s said plenty about the future of artificial intelligence: He’s an arch optimist on the technology who thinks it will help him vanquish inflation.

Wall Street’s recent risk aversion toward stocks may have created an opening for a sharp rebound, particularly in technology shares, if Anthropic PBC’s planned initial public offering reignites enthusiasm for artificial intelligence.

Blistering cloud growth sent Amazon.com Inc. shares soaring after its last earnings report. Now with more than half those gains gone, the firm needs to deliver a repeat performance in order to reignite its faltering stock.

Many long simmering tensions boiled over in France’s protests and riots. Rising borrowing costs for the government proved a crucial pressure point — a message from bondholders grown impatient with a lack of pension reform and the country’s enormous welfare state. Americans would do well to pay attention.

It’s extremely hard for a chief executive officer to get investors to turn positive about her company when it has posted annual net losses since 2020 and likely won’t make money until 2028. JetBlue Airways Corp.’s Joanna Geraghty made a good start on Tuesday.

Welcome to open enrollment season, when millions of Americans are yet again wracked with anxiety over the sizable chunk of their paychecks being sucked up by healthcare costs.

Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation, but without offering a clear signal they might raise rates at their next meeting in December.

Microsoft Corp. and Alphabet Inc. shares have gone separate ways since the companies’ last earnings reports as Wall Street increasingly digs in on the way heavy artificial intelligence spending is weighing on corporate bottom lines.

Investing giant Pacific Investment Management Co. helped supercharge the artificial intelligence debt boom with billions of dollars in lending in 2025 — and has cut positions just in time to skirt losses and eke out a profit.

Hungary unveiled an inter-governmental agreement with the US on nuclear energy, a lucrative area that may bolster ties with Washington following the ouster of Viktor Orban.

These shifts in theatrical and ad strategies show that Netflix is willing to evolve, so there’s no reason its approach to releasing shows should be the exception. If, to borrow Sarandos’ phrase, the company’s bespoke release pattern for certain films means considering the audience, the filmmaker, and the film itself, every title deserves that kind of attention.

Anybody who has lived through the past quarter century or so is familiar with the concept of a debt doom loop. Big government deficits, say, cause higher interest rates, making the government pay more to borrow and also bail out the banks that own its sinking bonds, driving it even deeper into debt. Rinse, repeat.

No one wants to pay more to fly, but travel-hungry US passengers are giving airlines little reason to halt price increases. Air travel demand is holding up and encouraging carriers to raise fares faster and further to make up for soaring jet fuel costs. Once up, prices will likely stay there even after the energy crunch subsides.

This growth is being fueled by massive spending on AI, which isn’t seen slowing anytime soon. Last week, Meta Platforms Inc. boosted its capital expenditure plans for the year. Wall Street anticipates that Microsoft Corp., Amazon.com Inc. and Alphabet Inc. will affirm or raise their AI spending plans when they report earnings this week.

With investor confidence in the artificial intelligence trade under pressure, traders are turning to healthcare stocks for refuge.

Microsoft Corp. will offer buyouts to about 60,000 workers, representing roughly a quarter of its total staff, as part of the company’s efforts to trim costs and retool its workforce for the artificial intelligence era.

Anthropic PBC set itself a challenge by opening its books to prospective IPO investors right after a punishing week for the artificial intelligence trade. When Wall Street took a close look, it generally liked what it saw.

A few months ago, Georgina Long received a message asking her to call a collaborator at Merck & Co. She feared the worst.

Wall Street strategists are warning that declines in shares of AI cloud-computing providers will spill into other corners of the tech trade, potentially dragging the US stock market down to its June lows.

Our higher education system is broken. Families pay a fortune for degrees that do not pay off like they used to. However you feel about the future of advanced degrees, they’re certainly a mispriced asset — a mispricing that started in the market for student loans.

When Australia’s Defence Minister Richard Marles described the seabed as a battlefield at a regional defense gathering in Singapore earlier this year, he was preaching to the converted. The security of undersea cables — which carry more than 95% of data flows and trillions of dollars of daily financial transactions — was already top of mind for the senior military brass, geopolitical analysts and government ministers in the room.

US stocks gained on Monday as investors digest Anthropic PBC’s filing for its initial public offering and look forward to key big tech earnings this week as well as the Federal Reserve’s next decision on Wednesday.

Retail investors who spent the past week loading up on semiconductor stocks at the center of the artificial intelligence trade are getting pummeled amid Thursday’s rout.

Stocks fell on Friday with technology megacaps again trading lower after Thursday’s selloff. Oil prices rose, with the US midterm elections less than two weeks away. Investors were parsing mixed earnings from payments giant American Express Co. for signals about spending and the health of the economy.

Securities and Exchange Commission examiners will step up scrutiny of private fund valuations and artificial intelligence, the latest sign of regulatory concerns about emerging market risk.

This marked the first major deal of its kind and became a blueprint for chip-backed debt that, three years on, is on track to become a trillion-dollar market, eclipsing even the borrowings used to build the data centers housing the chips.

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world’s largest banks and hedge funds on a futures market tied to US inflation.

Lockheed Martin Corp. lifted its full-year outlook as the company’s missile systems portfolio was buoyed by rising global defense spending.

It’s become one of the most reliable trades in the stock market as sentiment toward artificial intelligence swings wildly: Whatever AI stocks do, Apple Inc. does the opposite.

Investors are beginning to turn cautious on biotechnology stocks as a rapid rise in Treasury yields dents the appeal for shares of companies that are often viewed as risky all-or-nothing bets on breakthrough medical treatments.

Meta Platforms Inc. leads the tech pack this week, reporting its third-quarter earnings a week ahead of most of its peers. Take that as a sign of confidence, perhaps.

The boom is currently pushing interest rates up in two ways. First, the investment spending is boosting economic growth and straining the nation’s financing capacity. Second, the boom has been accompanied by a buoyant stock market, which is lifting household wealth and bolstering consumer spending.

Companies have postponed more than $5 billion in US and European debt sales this month as investors grow increasingly alarmed about rising interest rates, resurgent inflation, and potential cracks in the artificial-intelligence boom.

JPMorgan Asset Management has included Bitcoin in its long-term capital market assumptions for the first time, forecasting returns that could beat stocks, bonds and gold in a milestone for its Wall Street acceptance.

Elon Musk openly endorsed the prospect of combining SpaceX with Tesla Inc. in what would be the biggest-ever corporate merger, uniting assets from electric cars to AI data centers to rocket and satellite capabilities.

Last week’s surprisingly bad inflation figures pose a dilemma for the Federal Reserve. In recent speeches and interviews, Fed officials suggested they were in no hurry to raise interest rates again and that a pause might be appropriate. But holding the rate now looks harder to justify.

Corporate credit, monetary policy’s sleeping giant, is finally stirring. Cloud computing service provider CoreWeave Inc.’s bonds dropped this month, sending yields on its 2032 notes as high as 15%. Yields for junk and investment-grade debt reached the highest since 2025 and 2023, respectively.

The S&P 500 Index rose, erasing its early-session losses, as big banks and healthcare companies climbed. The tech-heavy Nasdaq 100 Index rebounded to a slight gain after South Korean neocloud company Elice Inc. tanked in its trading debut, spurring concern about the sustainability of the global AI boom that continued to weigh on the sector.

High-grade investors, including T. Rowe Price Associates Inc. and Invesco, are looking at dipping into the least risky corner of junk debt after a broader selloff pushed valuations lower.

Cboe Global Markets Inc. launched pre-market trading in single-stock options, like those on ETFs tracking major stock indexes.

Fear of missing out has driven data-center developers to build as much computing capacity as possible, as swiftly as they can. But investors funding the projects are getting nervous. They’re suddenly worrying that spending on artificial-intelligence services won’t be enough to justify the trillions of dollars backing the buildout.

This must be one of the most hated US bull markets ever. It’s easily the most distrusted rally in the several decades that I’ve been following markets. I can’t remember when so many people were so skeptical of a rising market and so sure that it will soon end in tears.

Gold slipped as bond yields stayed elevated despite falling energy prices, with traders assessing the outlook for the Federal Reserve’s interest-rate path.

Call it the nerd mindset. Silicon Valley has spent the last few years believing that whoever built the smartest artificial-intelligence system would rule the industry. Today, that calculation is starting to look misguided.

Chips stocks and troubled artificial-intelligence bellwether CoreWeave Inc. are rising, helping stocks rebound after the worst week for the tech-heavy Nasdaq 100 Index since the tariff turmoil of April 2025.

American Electric Power Co. is working with Amazon.com Inc. to evaluate plans for a 960-megawatt nuclear plant in Indiana using a new reactor design, a project that would rely on unproven technology while potentially advancing efforts to promote next-generation fission.

United Airlines Holdings Inc. this month joined other major carriers in reducing the importance of frequent flying for its loyalty program. Status on United, Delta Air Lines Inc. and American Airlines Group Inc. now only comes from how much you spend, not how much you fly.

Elon Musk’s decision to wade into US mobile-phone services sets up a challenge distinct from anything he’s previously pursued. This is not a new market or an added twist that fills an industry gap such as his innovations with electric vehicles, broadband from low-earth orbit or an online payment system — the areas where Musk made his riches.

CoreWeave Inc. has become caught in a tug of war between investors who see rising bond yields as a potential rally killer for the AI trade and those who think demand for computing power will make those concerns seem passe before long.

In a potential test of the law of unintended consequences, the Securities and Exchange Commission has released a rule proposal that would make it far easier for private equity, venture capital and private capital fund managers to attract — and tap into — the savings of retail investors.

Big bank earnings offered little to alter the dimming views on the sector mired in the longest losing streak since the financial crisis. The bright spot: equities trading.

With Brent crude above $100 a barrel for most of the past month and diesel prices more than twice as high, you might imagine that the world’s poorest fossil fuel importers would be hitting crisis conditions right now.

Project Vault, the US government-backed critical-minerals stockpile, plans to choose an initial group of more than a dozen American manufacturers that could receive up to $1 billion in loans to help procure key materials.

Charles Schwab Corp. reported earnings that beat estimates as retail investors continue to pile into the stock market.

An AI rendering of a 19th-century Jon Gray, complete with pitchfork, waistcoat and straw hat, flashed up behind the Blackstone Inc. president at a recent meeting with investors.

As chip stocks shed $1 trillion in market value, ETF investors are pouring billions into the selloff, putting a fund that triples their daily exposure to the sector on pace for record weekly inflows.

US Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for haven assets.

Monthly checks for nearly 72 million Americans receiving Social Security benefits will increase by 3.6% in 2027, the most in four years.

Apple unveiled its new attempt at a home device at an event in New York on Tuesday, the company’s second attempt to “win” the home. The first was its HomePod, released in 2018, and it left very little impression on consumers (other than those who owned one and found it left a little white stain on their furniture).

JPMorgan Chase & Co. has updated its approach to financing the energy transition, in a move the biggest US bank says will help it meet a historic surge in demand while also supporting affordability and security.

US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November’s midterm elections.

The dollar strengthened to the highest level in over a year as a hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates.

BlackRock Inc. pulled in $205 billion of new money in the third quarter as revenue surged at the world’s largest asset manager, which is now a full year into a major transformation to push further into higher-fee private markets.

Americans have been relentlessly spending their paychecks despite rising prices, buying pickup trucks with diesel near record highs and steak dinners even as the cost of beef soars.

US equity futures held firm Tuesday despite a deepening selloff in chipmakers, as traders sorted through a slew of bank results from JPMorgan Chase & Co., Goldman Sachs Group Inc. and other lenders in the start to third-quarter corporate earnings season.

You’ve surely heard the standard advice that people should own more bonds than stocks as they age because stocks are riskier and older investors have less time to recover losses. I’ve always thought it was a half-baked idea, and rising interest rates show how costly it can be.

UnitedHealth Group Inc. raised its profit outlook for the year after reporting better-than-expected earnings in the third quarter, a sign of progress in the turnaround of the largest US healthcare conglomerate following a disastrous 2025.

Skeptics of the artificial investment boom are doubling down. Billionaire Ray Dalio warned last week that the bubble was near its bursting point, while Michael Burry of the Big Short fame brought forward the timeline for his bearish thesis. SoftBank Group Corp. founder Masayoshi Son’s attempt to set up another $100 billion AI-focused venture capital fund will only give the doubters more ammunition.

Microsoft Corp. is gearing up to install the latest version of its own chips in data centers, with the aim of powering its AI software using mostly homegrown hardware.

We are all investors now, or at least the majority of us are. More Americans than ever are investing in the stock market, and surveys show a large share of Gen Z and millennials actively trade individual stocks as their preferred investment strategy. Most people lose money or underperform with this latter endeavor.

Gold edged higher as sliding oil prices eased inflation concerns, giving traders some optimism the Federal Reserve could hold off on further interest-rate hikes.

Strong corporate earnings will be pivotal to hopes for a year-end rally in global stocks, as flare-ups in fears over inflation, bond volatility and artificial intelligence spending weigh on sentiment.

You can barely take a step on the New York subway lately without seeing the face of Meta Platforms Inc.’s furry Muse AI assistant. I’ve written already about how impressed I’ve been with the form and function of the breakthrough bot. Now, attention must move to assessing whether Muse has long-term staying power — or whether its launch will be just a flash in the pan.

The dollar rally is forging ahead as soaring oil prices weigh on currencies of energy importing nations and global inflation fears persist.

SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July.

Wall Street’s biggest banks are expected to unveil a quarterly stock-trading haul of nearly $19 billion when the firms report earnings next week.

Gold advanced as oil fell and an auction of 30-year US debt on Thursday drew solid demand, helping to pull long-dated yields from the highest levels in more than two decades.

The bull market in US stocks is showing few signs of stress as it approaches its fourth anniversary: Corporate profits are rock-solid, the S&P 500 Index is near a record and volatility appears subdued.

“Nobody knows anything,” the screenwriter William Goldman famously said of the movie business. Much the same can be said today for artificial intelligence, a technology that’s moving fast, destination unknown.

Consumer confidence is collapsing, hiring is weak and the housing market is largely frozen. All of which serves to underscore that the US economy is only holding up because of the boom in artificial intelligence and an aging population spending ever more on healthcare.

Wall Street’s biggest banks are set to extend a months-long borrowing binge and issue more bonds than usual in the fourth quarter, raising funds to meet the insatiable financing needs fueling the artificial intelligence boom.

Amid heated discussion of the astonishing (and also rather worrying) capabilities of artificial intelligence, investors are realizing that the underlying computing and energy infrastructure relied upon by OpenAI, Anthropic PBC and their ilk is much harder to construct than a chatbot prompt.

Morgan Stanley Investment Management’s Vishal Khanduja, a top-performing bond investor, is turning bullish on US debt for the first time in a decade, with yields at two-decade highs serving as a check on economic growth.

Free-market-oriented economists probably live in a state of perpetual despair these days. Politicians and voters on both the left and right are turning on markets. Polls suggest widespread support for interventionist policies that economists long discarded for causing more harm than good.

The economist Robert Solow’s famous 1987 adage about the computer age — it can be seen everywhere except the productivity statistics — also applies to generative artificial intelligence.

China’s latest effort to prop up its battered housing market and spur the economy is getting a poor reception. The measures are underwhelming and unlikely to achieve much beyond improving Beijing’s chances of meeting its already restrained growth ambitions.

When Parthenon Capital Partners set out to extend its control of Kroll Bond Rating Agency, the private equity firm also sought a higher share of profits — known as “super carry” — to manage a new fund that would hold the prized portfolio company.

Signs of resilient economic momentum are reinforcing the bull case for US small caps, which have been under pressure lately in the face of soaring borrowing costs.

A measure of SpaceX’s credit risk surged to a fresh high and the company’s bonds tumbled in the secondary market on Wednesday, following reports the company is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp.

The new iPhone Pro range has been out for nearly three weeks, and from the get-go analysts noted somewhat flat consumer interest compared with last year’s Pro models.

How’s the US economy doing in President Donald Trump’s second term? Going by the topline economic statistics, not too bad. Second-quarter gross domestic product was revised higher last week, to a 2.2% annualized rate from a previously reported 1.5%. At 4.2%, the jobless rate is consistent with an economy considered to be at full employment.

Nvidia Corp. is on the verge of becoming the first company with a $6 trillion market capitalization as investors rotate back into the artificial-intelligence chipmaker after a disappointing start to the year.

Paramount Skydance Corp. closed its $110 billion acquisition of Warner Bros. Discovery Inc. on Tuesday, completing one of the biggest media mergers of all time after engaging in a bruising battle for control with Netflix Inc. and fending off antitrust lawsuits.

Google parent Alphabet Inc. agreed to buy nuclear power from Constellation Energy Corp. in a deal that will spur the addition of 890 megawatts of new reactor capacity. The power producer’s stock soared.

The S&P 500 rose 0.6%, reaching its first record high in two months, buoyed by resilient corporate profits and a pullback in oil prices.

Wall Street has spent weeks trying to make peace with the great bond selloff. Friday offered some short-lived relief — along with a warning about the damage from stubbornly high yields across investment strategies of all stripes.

The dollar neared its strongest levels this year as fiscal strains and renewed political uncertainty in Europe boosted its haven appeal, even as its run of gains stoked concerns the rally is becoming overstretched.

Larger asset managers including Goldman Sachs Group Inc. have been looking to snap up CLO management businesses as they hunt for lucrative fee streams in the $1 trillion US market.

Remember when near-zero interest rates squeezed retirees on fixed incomes and left pensions with huge shortfalls? I suspect they’re happy to see US interest rates returning to normal.

Municipal bond asset managers are finding opportunities in the rout that tore through markets this month, with cheaper valuations and the highest yields in years drawing investors.

Broadcom Inc.’s Wall Street syndicate is starting to gather $60 billion of fresh AI chip financing to benefit Anthropic PBC and other companies, according to people with knowledge of the matter.

With Microsoft Corp.’s best quarter for decades in the books, Wall Street is betting the stock can keep rallying as the tech giant’s standing in the artificial intelligence landscape continues to improve.

Tesla Inc. shares have tumbled in 2026, but Wall Street analysts are increasingly reluctant to tell investors to sell.

Head over to Polymarket’s US website and you’ll be greeted with a panoply of crystal-ball trades on everything from the midterm elections to the likelihood of a fully reopened Strait of Hormuz. Try that in France, where I live, and you’ll see something very different.

Treasuries might look cheap against stocks, GDP and the global cycle, but on their own historical terms they have more to fall before they become oversold and ready for a durable bounce.

Blackstone Inc. is investing $1 billion to form a defense-technology company as the US and its allies face growing threats from inexpensive drones and other weapons that can be broadly deployed.

The Yorkville financial group was once little known on Wall Street. Now though, it is harder to miss: its affiliates help manage Donald Trump’s Truth Social-branded ETFs, have taken over the MAGA and YALL funds, and recently hired retail-investor favorite Dan Ives to co-build an investment-banking arm.

The Securities and Exchange Commission is proposing a series of moves to help expand retail investor access to private markets, so more individuals can access private equity, early-stage startups and other assets.

Higher-for-longer interest rates are forcing buyout firms to face facts. Struggling since 2023 to sell companies purchased in the long decade of ultra-cheap debt before the Covid pandemic, they’ve tried to placate investors with clever financial engineering to help keep some money turning over.

Ken Griffin is donating $3 billion to Carnegie Mellon University, most of it to establish a new campus in Miami, in the largest single gift committed to a US university.

Stock-market risks are everywhere. But you’d be hard pressed to tell anything was wrong by looking at the surface of major US equity gauges.

Banks in the US have plenty to celebrate these days, from record profits and higher stock prices to a strong economy and easier regulation. One thing they don’t need is an added discount on their deposit insurance — a crucial buffer that should be reinforced when times are good.

Has the stock market bubble quietly burst already? Even though the S&P 500 Index has mostly treaded water for the past four months, Wall Street analysts have continued to boost their earnings estimates.

Abdul El-Sayed, the Democratic candidate for Senate in Michigan, has a simple pitch to voters. Imagine, he says, a health-insurance plan with “no premium, no copay, no deductible — just healthcare when you need it.” El-Sayed and other proponents call the idea Medicare for All.

The confusion surrounding a proposed civil nuclear deal with Saudi Arabia hasn’t exactly disappeared: The White House is still claiming it depends on the country normalizing relations with Israel, even if that’s not part of the written agreement.

Morgan Stanley has set up a Digital Asset Lab to test technologies including stablecoins, tokenization and decentralized finance applications as the Wall Street bank explores how blockchain-based systems could be used across its business.

Starting Tuesday, OpenAI will convene its annual developer conference. The timing isn’t ideal.

Oil fell as top exporter Saudi Arabia boosted flows through a key pipeline, overshadowing concerns over a US-Iran stalemate.

Nvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by a record $150 billion, reflecting Chief Executive Officer Jensen Huang’s confidence in its continued growth.

Among the world’s top fuel-consuming nations, Japan is the most energy insecure. Its import-dependency ratios are scary: It buys overseas 99.9% of the oil it needs; 99.7% of the coal; and 97.8% of the natural gas.

The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, taking a step toward fulfilling a key outcome of last week’s summit between Donald Trump and Xi Jinping.

US stocks climbed as oil and Treasury yields pulled back from the recent surges ahead of data on inflation expectations.

The Facebook parent’s shares had jumped 36% in September through Thursday’s close following the release of its Muse personal AI assistant, which has risen quickly to the top of app charts and muffled concerns that heavy spending on AI won’t pay off. The stock is on pace for its best month since July 2013 and within striking distance of joining an elite group of companies worth at least $2 trillion.

Now the US is in a higher-interest-rate environment, and once again there is a lot of redefining going on. One change is that it’s finally good to be a saver again. The catch is that saving isn’t quite as safe as it used to be.

The AI and cryptocurrency sectors are bankrolling hundreds of millions of dollars in advertising to shape public opinion and elect allies to Congress and key state offices in the midterm elections.

The tectonic plates of the global economy have shifted. Across the world, yields on long government bonds — keystone of the entire financial system — have climbed to their highest in decades. A trend that had been clear ever since the brief post-pandemic boom turned into resurgent inflation and higher rates has suddenly accelerated.

The US housing market has been stuck in neutral for nearly four years, with sales of new and existing homes plodding along at a historically slow pace. One explanation is that the average rate on a 30-year fixed-rate mortgage in the US passed 6% four years ago and has stayed above that ever since, creeping past 7% this week.

AI has changed coding, mathematics, and weather forecasting. They all have a vast pool of available training data, rapid feedback, and clear right and wrong answers. These keep models moored to reality, not spiraling off to disaster as the result of compounding small errors.

Yields on the US’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone in a global selloff driven by inflation fears and concern about government debt burdens.

Cathie Wood is putting one of her investment funds on the blockchain for the first time, deepening her ties to the growing world of tokenized assets as Wall Street experiments with a new financial infrastructure.

The US midterm elections are turning into a key source of concern for a stock market that is riding high on the artificial intelligence trade.

For at least eight years, Congress has been trying and (mostly) failing to create a special set of rules for digital assets and the markets they trade on. It’s worth asking how much, if any, of that was advisable.

The rush for the exits by wealthy investors in private credit funds is far from done. But even as the rich run away from direct lending, they aren’t abandoning alternative assets. Instead, they look to be chasing the next hot thing: infrastructure finance.

Facts are facts, so let’s just state it plainly: Howard Buffett is a nepo baby. And this is one of the rare cases where I think we should be OK with it.

The US deficit has reached $1.97 trillion and is on track to pass 6% of gross domestic product this fiscal year, the latest milestone in a remarkable deterioration of the federal budget.

The two largest municipal bond exchange-traded funds just recorded their largest weekly inflows ever, shortly after a bond rout fueled outflows in other muni funds.

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors.

Xi Jinping and Donald Trump will sit down this week to hash out a plethora of thorny issues from trade to Taiwan. One thing both sides agree on: neither can afford to tap the brakes on AI.

A popular trade in US Treasuries has shrunk to its smallest size in over two years, in what Wall Street strategists say reflects fewer dislocations in the bond market for hedge funds to exploit.

When billionaire Mat Ishbia’s mortgage company was facing significant losses on soured hedges earlier this year, he called old friends at Oaktree for help.

For most of this year, investors have flocked into small caps to diversify away from the concentrated AI trade. Rising interest rates are threatening to put a damper on that.

Novo Nordisk A/S is eyeing the hair-loss market as the maker of Ozempic seeks to expand its direct-to-consumer pharmaceuticals business.

Family offices now see inflation as their No. 1 worry, underscoring how rising costs of goods and services are vexing even the richest investors.

Bitcoin surged near $85,000 to its highest since late-January, extending a sharp rebound as falling oil prices and a broader return of risk appetite helped cryptocurrencies move past setbacks on US crypto legislation and monetary policy.

Investors in the US Treasury market are shifting their focus to owning shorter-dated government bonds, a bet that the Federal Reserve will eventually emerge victorious in its fight against inflation.

Like it or not, we are all betting on AI taking over the economy. In the last 40 years, the US has become a nation of stock investors. On the whole, it has made Americans rich. Now the stock market is soaring on the hopes that AI will make everyone more productive — and if that doesn’t work out, we all may learn the definition of a bad tail risk.

US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

Better clarity about the Federal Reserve’s resolve to fight inflation is giving investors reason to be bullish, and yet risks associated with oil prices and artificial intelligence keep them from fully committing.

Gold rallied alongside Treasuries as a slump in oil prices helped ease concerns about inflation, following the Federal Reserve’s first interest-rate hike since 2023.

After years of trying to convince developers and investors that it’s a viable alternative to Miami and Palm Beach, Fort Lauderdale’s pitch is starting to resonate.

A spinout from the family office for the billionaire owners of US construction giant Michels Corp. is expanding its public equities strategy with a fund focused on US infrastructure.

Berkshire Hathaway Inc. founder Warren Buffett is stepping down as the company’s chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate.

The Commodity Futures Trading Commission is delivering on its promise to swiftly move forward with crypto rules after a landmark digital asset bill failed to advance in the Senate this week.

Federal Reserve Chairman Kevin Warsh had ground to make up on Wednesday — and, for the most part, did what was necessary.

Much about the global AI panic — could it really “kill us all by the end of the decade”? — is genuinely new, and thus extra-scary. Then again, the specter of human-engineered extinction is hardly novel; we have about eight decades of experience in thinking about it.

Gold clawed back some losses alongside Treasuries as markets stabilized following the Federal Reserve’s first interest-rate hike since 2023.

Huawei Technologies Co. is accelerating the debut of its next-generation AI chip in 2027 by several months as it aims to replace Nvidia Corp. in China and compete on the global stage.

Investors should continue to treat bonds with caution even as the selloff bolsters the case for holding them in multi-asset portfolios, according to strategists at Goldman Sachs Group Inc.

What does Tina Turner have in common with a US Treasury bond? They both show that the meaning of safety is not always straightforward.

Federal Reserve Chair Kevin Warsh on Wednesday presided over the first US interest rate increase since 2023, and rate hikes are generally a package deal, as the aphorism goes.

US retail sales rose by the most in five months in a broad advance, showing consumers continued to spend despite rising gasoline prices.

One fear over the past few days is that an artificial-intelligence slowdown, whatever that looks like, might harm the stocks of chipmakers. If AI development takes a breather, the insatiable appetite that has propelled component makers to unprecedented heights would dissipate. Will AI companies still need all those data centers?

Every single sector in the S&P 500 is expected to deliver earnings growth for the third quarter, the first time since 2021, when corporate America emerged from the pandemic slump, Bloomberg Intelligence data shows.

Ed Yardeni, one of the biggest stock bulls on Wall Street, is slashing his year-end forecast for the S&P 500 Index a month after raising it, citing increasing risks of a downturn in the next three to six months.

Morgan Stanley’s investment manager secured $1.3 billion in capital commitments for a growth equity fund that’s already invested in startups including Databricks, Anduril Industries Inc. and Ramp.

Anthropic PBC is pitching financial advisers on a version of Claude that blends the chatbot with financial analytics and risk management technology run by BlackRock Inc., Vanguard Group Inc. and other firms.

An essay from Anthropic PBC’s Dario Amodei saying artificial intelligence companies must “pace the frontier” has got the world talking about a slowdown in their most cutting-edge research. OpenAI’s Sam Altman and SpaceX’s Elon Musk publicly agreed with the post.

Treasury yields are closing in on an inflection point where, historically, stocks and bonds have reinforced losses in one another. That points to a regime shift of higher bond and stock volatility and wider credit spreads.

Kevin Warsh has rightly called into question the effectiveness of the Federal Reserve’s communications — but his arrival as chairman only seems to have made the problem worse. To put this right after the next Fed meeting this week, he’ll need to rethink his approach to explaining where things stand.

The latest inflation report points to a hard truth: The US is not going back to a 2% inflation rate anytime soon. At least not easily.

Market madness has never been hard to diagnose. It’s almost two centuries since Charles Mackay published Extraordinary Popular Delusions and the Madness of Crowds. Benjamin Graham pioneered value investing in the 1930s by inviting everyone to think of “Mr. Market” as a manic-depressive who makes mistakes that can be exploited.

America’s data center boom will need $110 billion to build 45 gigawatts of new power generation through 2030, according to an analysis by Moody’s Ratings.

The list of challenges confronting Wall Street piled up this week. Oil firmly above $100. Inflation refusing to disappear. A defiant bond market that all but dared Scott Bessent to bring more policy firepower.

China criticized warnings from leading US technology executives to put the brakes on artificial intelligence development and claims that Chinese progress posed a dire security threat to the world.

The bond selloff has driven a key Treasury yield to the verge of 5%, worsening angst from Wall Street to Washington about higher borrowing costs hitting the US economy.

US convertible bond sales have reached their highest annual total on record, according to data compiled by Bloomberg, as companies look to fund heavy artificial intelligence-related spending.

Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back.

US stocks fell for a fourth straight day, their longest slide since June, as the relentless climb in oil prices and fresh evidence of sticky inflation boosted Treasury yields and bets the Federal Reserve will lift interest rates.

A quarter-century after the Sept. 11, 2001, terror attacks, families returned to the World Trade Center site on Friday to read aloud the names of the dead, marking a milestone anniversary of a tragedy that reshaped America.

A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week.

Federal Reserve officials have signaled they’re prepared to raise interest rates if inflation doesn’t improve soon, but they may find their main policy tool will do little to restrain some of the forces pushing up prices now.

Meta Platforms Inc. was upgraded to overweight at JPMorgan Chase & Co. on Thursday, the latest example of how sentiment toward the Facebook parent’s position with artificial intelligence has been improving.

Gold hovered near $4,400 an ounce, as traders awaited US inflation data due later this week for clues as to whether the Federal Reserve will hike interest rates this month.

The midterm election season has entered its final stretch, and Wall Street is busy drawing up game plans for a range of scenarios. Yet, in a fortuitous turn of events, the best outcome for markets is also looking like the likeliest one.

Brent oil spiked to $105 a barrel as rising tensions in the Middle East heightened concerns over global supplies.

Every year, Americans send hundreds of billions of dollars of retirement savings to life insurers in return for annuities that promise a future income. It’s an industry built on trust and prudence.

At least a third of all Federal Reserve officials have said they would consider meeting less frequently to set interest rates, giving Kevin Warsh an early opening for one of the biggest structural changes he’s proposed as the central bank’s new chairman.

Defiance ETFs has submitted paperwork to the US Securities and Exchange Commission for a series of leveraged funds that would seek to double the moves of some individual stocks — over periods measured in just hours, rather than days.

Donald Trump’s pledge to ensure that Bitcoin mining activity is centered in the US is rapidly disintegrating under the twin forces of the artificial intelligence boom and a prolonged crypto slump.

Stock investors are caught between the pull of strong earnings and mounting macroeconomic risks, with key events carrying binary outcomes that argue for some protection.

Around 2020, Apple Inc. Chief Executive Officer Tim Cook returned from a trip to Asia unusually energized about a new product category: foldable phones.

SpaceX’s stock has been stuck in a tight trading range recently, but a wave of new buying may soon arrive when the Nasdaq 100 Index goes through its quarterly rebalancing later this month.

A sudden reversal in momentum for previously high-flying shares of industrial companies over the past three weeks has some investors bracing for more pain ahead.

If you were Nvidia Corp. Chief Executive Officer Jensen Huang and you were laying out a few sector-shifting artificial-intelligence trends that could take shape over the coming months and years.

Apple Inc. has spent much of the past 15 years refining existing product lines and launching services to generate more recurring revenue. There have been a few fresh device categories, like the Apple Watch and AirPods, but no steady stream of new concepts.

Anthropic PBC is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the artificial intelligence firm’s public filing for its highly anticipated IPO.

The US Securities and Exchange Commission is eyeing a plan to expand access for retail investors to private markets and allow investment advisers to charge performance fees to a wider set of clients.

Sift through the filings of pension funds and insurers around the world and one thing stands out: some of the biggest holders of US assets have little protection against a weaker dollar, leaving the currency at risk of steeper declines if sentiment suddenly turns.

The National Football League is holding off on making any alliances with prediction market companies even as many other top leagues and events embrace the new form of sports betting.

US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought.

US stock futures erased early gains to briefly touch session lows on Friday after the US added 162,000 jobs in August, raising concerns that the Federal Reserve may hike interest rates soon.

More than a year after wildfires devastated Pacific Palisades, a nonprofit is advancing a plan to tap the public debt market to create housing in the slow-to-recover Los Angeles wealthy enclave.

Global bond yields have climbed to the highest levels in almost two decades, pushing up mortgage repayments and corporate financing costs. But one corner has remained unusually resilient: emerging markets.

A recent plunge in US labor force participation has sparked competing theories about whether persistent drivers — like aging and immigration — or more temporary seasonal shifts are to blame. Any evidence in upcoming jobs reports could reshape how policymakers view the labor market.

Nvidia Corp. has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion.

Wall Street dealers were already bracing for a potential record in September for high-grade US corporate bond sales, and recent surging yields may give the blue-chip companies even more reason to borrow now before funding costs rise further.

Federal Reserve Governor Christopher Waller said his next decision on interest rates will be “heavily influenced” by August inflation data due next week, adding it may not take much to nudge him toward supporting a rate hike at the Fed’s upcoming policy meeting.

US stock futures posted modest gains Thursday as bond yields stabilized near multi-year highs and investors digested latest commentary from Federal Reserve Governor Christopher Waller. Chip stocks fell after Broadcom Inc.’s results.

Americans like to spend money, and they’re good at it. But they also feel kind of bad about it.

Investors are being offered a new way to bet on space via a fund that focuses exclusively on a sector thrust into the limelight by the IPO of Elon Musk’s SpaceX.

US stocks flipped between small gains and losses on Wednesday after a three-day skid, as oil prices halted a sharp advance, easing inflation concerns as traders weigh the Federal Reserve’s potential path for interest-rate hikes.

Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into his approach to policy making.

Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter.

Regional lenders Truist Financial Corp. and Fifth Third Bancorp. have paused distribution of products tied to billionaire financier Mark Walter’s biggest insurance firm, according to people with knowledge of the decisions.

Not since 2006 have yields on the longest-maturity Treasuries been this high for this long, with a gaping budget deficit, another wave of corporate issuance and a potentially decisive Federal Reserve meeting set to keep investors wary of US debt in coming weeks.

T. Rowe Price Group Inc.’s chief executive officer sees tax-loss harvesting strategies as a growth area, but remains confident that its offerings won’t draw regulatory scrutiny.

An almost-vertical rally in gold-miner stocks in the past month is whetting the appetite of investors who have been whipsawed by messages from Washington policymakers.

As government bond yields across the world erupt, corporate credit has rarely looked calmer. Yet even in that market, about $1 trillion of bonds are telling a much different story.

The US plans to use its newfound assertion of control over billions of barrels of Venezuelan crude oil to refill the nation’s depleted emergency reserve, President Donald Trump said Sunday.

Anthropic PBC’s IPO is casting a long shadow over companies’ US listing plans, as they try to find room for their deals to grab attention after the Sept. 7 Labor Day holiday.

For the first time in his three months on the job, Federal Reserve Chair Kevin Warsh said the right things. In his keynote speech Friday at the Federal Reserve Bank of Kansas City’s annual central banking event in Jackson Hole, Warsh acknowledged that inflation was elevated and widespread, and had been been so for “far too long.”

Even more so than usual, Hollywood’s future is uncertain. For decades the Los Angeles economy revolved around the film industry, but now more movies and shows are filmed elsewhere, driven or lured away by high expenses or tax incentives.

Bond investors at firms including ABN AMRO Investment Solutions and Brandywine Global Investment Management are voicing skepticism about mounting speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates.

Nvidia Corp. is not only tightening its grip on artificial intelligence, it’s also absorbing the companies fighting to keep the industry open and decentralized. On the same day the chip giant announced quarterly revenue that had doubled and would continue rising next year, sending its shares up 7%, news broke that it has reportedly agreed to spend $13 billion on Hugging Face, a platform for open-weight AI models.

Copper is having a moment. It may be a long one. The metal has hit record highs in 2026 and is currently up 15% since the start of the year, trading above $14,300 a ton on the London Metal Exchange.

Convertible bond investors chasing exposure to the artificial intelligence boom are giving up some of the protection they would normally demand, pushing the market toward levels of risk-taking last seen during the pandemic.

A chorus of investors is urging Federal Reserve Chairman Kevin Warsh to express a strong determination to deal with high inflation to boost the long end of the Treasury market.

Most residents of rich, Western countries have relatively high earnings, but many also feel they can’t afford a reasonable lifestyle. Americans, for example, are getting richer but also more unhappy. Meanwhile Eastern Europeans, not generally known for their cheery disposition, are most satisfied with their comparatively lower income.

Kevin Warsh’s inauspicious start as chairman of the Federal Reserve has guaranteed that his speech on Friday at the central bank’s annual Jackson Hole conference will command rapt attention. He might wish it were otherwise: Investors demanding clear answers to their many questions are almost certain to come away disappointed.

High indebtedness has prompted a call for France to cancel part of its public liabilities. Ideas spread, so expect similarly unorthodox demands elsewhere as governments grapple with high debt, while political disruptors air increasingly unconventional policies. All those roads, however, lead to more inflation and the debauchment of financial assets.

Investors are no longer choosing between gold and Bitcoin as hedges against fiscal anxiety. They’re buying both.

A blockbuster outlook from chip darling Nvidia Corp. is providing a boost to tech stocks and lifting key equity indexes Thursday morning, adding to investor optimism about the AI cycle.

The US Army is planning to deploy small reactors to power five bases across the country, investing $2.2 billion to accelerate the Trump Administration’s efforts to boost America’s nuclear industry.

When a typical business finds its supply chain costs have risen, it will absorb the increase to keep its customers happy. Nvidia isn’t a typical business. It enjoys gross profit margins of 75% and commands between 70% and 90% of the global market for artificial-intelligence chips.

The US economy expanded at an unrevised 1.5% pace in the second quarter, though underlying details showed stronger consumer spending and business investment than initially reported.

Vanguard, known mostly for its low-fee index funds, will add Altruist’s wealth technology and custody platform, the firm said in a statement Wednesday. It didn’t disclose terms.

The future of geothermal energy, a renewable source that has charged up conservatives and liberals alike, is being charted in a scrubby patch of sagebrush, halfway between Las Vegas and Salt Lake City.

When the Electronic Numerical Integrator and Computer, or Eniac, was first built by the University of Pennsylvania for the US Army in 1946, it weighed about 30 tons and had 18,000 vacuum tubes that filled an expansive room.

Kevin Warsh’s first major speech as chairman of the Federal Reserve has become an unexpected trial of his slimmed-down communications style.

US stocks advanced on Tuesday as technology names rallied and investors continued to prepare for Nvidia Corp. earnings and the Jackson Hole Symposium.

Treasuries gained as a decline in crude oil eased inflation concerns and the pressure on Treasury Secretary Scott Bessent, who has been moving to halt a months-long selloff that pushed the longest-dated yields to the highest in almost two decades.

The artificial intelligence trade is booming, and so is the hunt for new ways to diversify AI exposure. Traders can buy power futures, track the technology’s beneficiaries and back data-center real estate projects, alongside buying the usual haul of chipmaker shares.

Yields on 30-year US bonds broke 5% last week, a level not seen since before the Great Financial Crisis. The Treasury Department bought bonds in an attempt to lower yields. It worked — for a day, then bond yields went back up. Meanwhile, in a not-exactly-unrelated development, the US national debt just passed $40 trillion.

Amazon.com Inc.’s Andy Jassy has begun making an audacious boast during conference calls this year. Though his company remains a top Nvidia Corp. customer, it’s also one of the world’s largest makers of data center chips in its own right.

US stocks traded lower before the bell on Monday as investors prepared for a busy week of economic data and important earnings from Nvidia Corp.

The Treasury Department could opt to draw down some of its cash pile to fund expanded buybacks of higher-yielding, older securities, CNBC reported Monday, citing two senior Treasury officials.

No doubt, AI can be an unnerving tool. But it isn’t magic, malevolent, or secretly sentient. With some reasonable rules in place, policymakers should be able to keep the bots in line, and unleash the benefits for everyone else.

On the first few trading days of every month, America’s paychecks hit the stock market. Most 401(k) contributions now default into index-tracking funds, which buy the same stocks in the same proportions whatever the price.

Gold climbed to the highest in three months as the US Treasury’s bold intervention to try to stem a damaging increase in borrowing costs revived investor fears about its fiscal burden.

Market exuberance returned to cryptocurrencies when US Treasury Secretary Scott Bessent announced Wednesday the department would at least double the size of its long-dated bond buybacks, triggering an upswing that forced traders to liquidate billions in short positions.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. strategists are among the most optimistic about European stocks on the back of a robust corporate earnings outlook, a Bloomberg survey shows.

A brisk rally in industrial stocks this year has defied higher oil prices, rising bond yields and restrictive trade policies, as investors bet on big gains from the artificial intelligence boom. Now signs are emerging the optimism may have gone too far.

US stocks rose in early trading Friday, putting the Nasdaq 100 on track to end a five-day losing streak as bond yields stabilize and Bitcoin soars.

It’s easy to make the case that the US equity market is in bubble territory. After all, the major metrics point in the same direction.

Shares of Meta Platforms Inc. have been under pressure all year due to questions about its spending on artificial intelligence. But a trial accusing its social media platforms of targeting children goes beyond that, raising existential questions about the future of its core business.

Alibaba Group Holding Ltd.’s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena.

With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades — putting his credibility on the line in an effort to quell a potentially damaging rise in US borrowing costs.

The nation’s affordable-housing shortage is fueling a fast-growing corner of the municipal bond market, as lenders securitize portfolios of multifamily mortgages to free up capital for new loans.

The deal follows similar moves elsewhere in the Gulf, including oil and gas pipeline transactions by Abu Dhabi National Oil Co. and Saudi Aramco, as governments seek to bring in external capital without losing control of key assets. In these cases, investors obtained bridge financing from banks that were later refinanced by bonds.

The US Treasury unexpectedly announced it’s ramping up buybacks of long-dated government debt, taking the action in the wake of yields on such securities hitting the highest levels in years.

Marvell Technology Inc. and Alphabet Inc.’s Google announced an expanded chip-development partnership, including a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares.

More than a decade ago, hundreds of US garage entrepreneurs were working on shoestring budgets to develop drones with dreams of scaling the new technology. Then China’s DJI introduced a small, inexpensive drone with a stable built-in camera.

America remains the best country in the world to get rich. Some see this as cause for celebration, while others view it as evidence of a broken capitalist system. As an economist, I am less interested in debating whether billionaires (or trillionaires) should exist than in asking what the alternative is.

Goldman Sachs Group Inc., Blackstone Inc. and Apollo Global Management Inc. had been working tirelessly for months to draw up debt deals that would help developers of artificial intelligence systems pay for chips from Nvidia Corp.

The yield on 30-year US Treasuries hit the highest in almost two decades, reflecting investor angst over surging government spending, a flood of long-dated bond sales and inflation that’s been stuck over the Federal Reserve’s target for the past five years.

The nation’s affordable-housing shortage is fueling a fast-growing corner of the municipal bond market, as lenders securitize portfolios of multifamily mortgages to free up capital for new loans.

Wealth managers are beating a retreat from private credit and ramping up a search for alternatives, as they continue to reel from sudden exit restrictions at several major direct lending funds earlier this year.

If the bad news is that members of Generation Z can’t afford to buy a house until they are middle-aged — which isn’t really bad news, honestly, but anyway — then the good news is that at least they are investing their money in high-performing assets.

US existing home sales fell a little in July, according to data released last week by the National Association of Realtors. But what really stands out when one looks at the numbers is how little they’ve changed over the past three years. This July, homes were selling at an annual pace of 4.06 million. In July 2023, it was 4.08 million.

Gone are the days of capital-light and cash-flow-rich technology businesses such as internet search, e-commerce and social media. The game now is artificial intelligence, and you had better have hard assets and deep pockets to play, the kind of money few companies have laying around.

As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds.

Reasons to be wary about stocks are quickly disappearing and a Goldilocks scenario looks increasingly likely. That’s precisely why it’s a perfect time to hedge against a market priced for perfection.

Gold extended a two-week advance as pared back expectations for further Federal Reserve rate hikes put pressure on the dollar, making bullion cheaper for most buyers.

The US will soon announce unprecedented economic measures against Iran, Treasury Secretary Scott Bessent said, intensifying the Trump administration’s effort to force Tehran’s capitulation after almost six months of war.

The Venezuelan gas deal comes at a time when prolonged hostilities between the US and Iran have hampered global energy supplies, including about a fifth of liquefied natural gas shipments that normally traverse the war-choked Strait of Hormuz.

Goldman Sachs Group Inc.’s agreement to buy Neos Investments for as much as $2.25 billion marks a new front in Wall Street’s ETF battle: paying up for specialist firms that have found growth beyond the industry’s low-fee giants.

The world’s busiest airport is coming to market with a more than $1 billion municipal bond sale, boosting issuance in the lagging airport sector.

SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk’s bid to gain ground on rivals Anthropic PBC and OpenAI.

European stock markets are booming. But that doesn’t mean Europe is. Traditionally, a bet on European equities is actually a bet on growth everywhere else. The companies that make up the Stoxx Europe 600 — which has risen by about 12% this year — get almost half their revenues outside the continent, according to the index’s owners.

The US government is about to sell 30-year bonds at the highest interest rate in a quarter of a century, after a historic selloff that has stirred speculation the nation will tilt borrowing further toward short-dated maturities.

After years of tests with digital versions of securities, cash and trading networks, the focus has shifted to whether these technologies could work together. This time, nearly 40 firms were testing how tokenized assets could move through the institutions that keep modern markets moving.

The US military campaign against Iran has so far failed to force the regime to capitulate. The Trump administration is betting once again that suffocating economic pressure will do the job.

A robust industrial rebound is underpinning the economy, and it has powered through an energy shock from the US-Iran war; elevated inflation that’s kept interest rates high and homebuilding low; and a bout of new, perhaps more permanent tariffs.

An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve rate increases despite elevated oil prices.

Goldman Sachs Group Inc. will pay as much as $2.25 billion to buy Neos Investments, expanding its asset manager’s reach in the actively managed exchange-traded fund market.

The outlook for Boeing Co. to earn copious cash flow is bright. It just turned free-cash-flow positive in the second quarter after years of losses, and the company already has its sights on cash earnings of $10 billion a year. This is driven almost entirely by a rebound of commercial aircraft production.

South Korea expects to deploy more than 1 trillion won ($707 million) of fresh capital into a new sovereign wealth fund targeting AI and other strategic industries next year, joining a global push by governments to mobilize investment and gain an edge in high-tech sectors.

Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country.

The Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, potentially opening the door for more debt sales as tech firms scour Wall Street for ways to pay for artificial intelligence.

A few months into the second Trump administration, I found myself in a packed room alongside senior officials of the Bureau of Labor Statistics. The topic, “Ensuring the Quality of US Statistics,” would have drawn little more than a collective yawn a decade ago.

Intel Corp. raised $20 billion in an upsized share sale, a third more than it was targeting when it announced the deal Monday morning.

Nasdaq Inc. agreed to buy off-exchange stock-trading venue LeveL Markets to expand its role in the equity market, according to people familiar with the matter.

GDP — for gross domestic product, the total market value of all final goods and services produced within a county’s borders — is in many ways the ideal economic statistic, both for what it measures and what it represents. It is a single number that captures so much information, with a scope and history unmatched by almost any other measure.

San Juan, the economic hub of Puerto Rico, triggered a rush for its $121 million muni-bond sale this week, as investors seized a rare opportunity to get exposure to island.

The leveraged ETF boom is creating new ways to profit from sudden bursts of volatility in tech stocks.

US natural gas futures rose by the most in more than two months as an unusually large swing in weather forecasts triggered a wave of short-covering among money managers who were the most bearish on gas since 2020.

US lawmakers from both parties are seeking to boost federal funding for quantum computing as China and other countries race to transition from research to deployment of the nascent technology across defense, intelligence and cybersecurity.

Getting on an airplane has become the perfect metaphor for life in America. On the one hand, flying has become cheaper and more accessible. On the other, it has become more stratified and stressful.

Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion.

After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again.

US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates.

Gold jumped more than 3% after an unexpected contraction in the US jobs market, extending a rebound from its slump below $4,000 an ounce.

Given America’s political environment, you would be forgiven for thinking the country has slipped into a dark age of energy recidivism; burning oil, gas and coal left and right; and tossing wind and solar farms on the scrap heap.

A growing number of investors from the US to South Korea are using leveraged exchange-traded funds for long-term investing, a far cry from the day trading they were designed for.

Alphabet Inc. is looking to raise as much as $25 billion from its latest US investment-grade bond offering, a deal that will test investor appetite for AI-related debt following a July selloff.

Finding a place to stash the keys to your cryptocurrency hoard has never been easier, thanks to options that run from putting them in a retired Swiss nuclear bunker to the humdrum use of digital-asset exchanges. It’s also never been harder to keep them safe from thieves.

On Wall Street, money speaks louder than words. The way Big Oil is currently allocating dollars suggests the supermajors are, quietly, preparing for leaner times. It’s the right approach: Oil is a cyclical business, and lower prices are always around the corner. This time, they may be even closer.

Richard Driehaus, the late Chicago money manager who helped popularize momentum investing, took exception to the mantra of buy low, sell high.

One of my most controversial opinions is that the 401(k) is one of the great financial inventions of the 20th century. It is not a view shared by many people — including, apparently, the inventor himself, Ted Benna, who argues that the 401(k) has mainly benefited the wealthy.

The US Treasury on Wednesday retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027 even as federal borrowing needs climb.

Investors hanging onto SpaceX shares after a plunge below their IPO price are bracing for the next potential hit, when $101 billion worth of stock becomes available for trading on Thursday.

Developing economies must move fast in adopting artificial intelligence for their governments and businesses, the World Bank said, urging countries to adapt existing tools to local needs.

A period of financial recovery for US hospitals is coming to an end as healthcare systems brace for the full force of federal policy changes and a wave of aging baby boomers.

Treasuries rose on Tuesday as signs of progress toward a diplomatic resolution of the Iran war sent oil prices lower, curbing expectations for more than one Federal Reserve interest-rate hike in the coming year.

Northwell Healthcare Inc., the largest healthcare provider in New York, is considering selling up to $800 million of municipal bonds, according to a Friday filing.

Investment firms for billionaires hailing from the US, Europe and Asia are driving a wave of deals for robotics AI businesses, defying fears about a bubble in the machine-learning sector.

SpaceX’s first earnings release following its record initial public offering is one of the most anticipated reports of the summer for traders on Wall Street and beyond. Whether it’ll give investors a reason to buy the sinking stock is another matter.

Power utilities across the US are already strained from AI data centers. But they’re increasingly facing an even bigger threat: that developers will be forced to walk away from projects, leaving households on the hook for massive infrastructure bills.

Every time China tightens its grip on rare earths, the rest of the world becomes a little better at finding them.

Growing demand for AI-savvy workers has led some companies, including software makers International Business Machines Corp., Shopify Inc. and Cloudflare Inc., to ramp up entry-level hiring, betting that recent Gen Z graduates will be able to do more with AI tools than existing employees.

Sequoia Capital led a $1 billion funding round for Valar Atomics Inc. that the nuclear startup says will help it shift from demonstrating small reactors to producing them in volume.

JPMorgan Chase & Co. is vowing to funnel $750 billion into housing over the next decade, nearly 40% more than it has over the past 10 years, as part of Chief Executive Officer Jamie Dimon’s push to invest more money in US communities.

US stocks rose into the first trading day of the month as attention turned to this week’s heavy slate of earnings reports.

In the race to win a coveted role on the next mega US IPO and manage the ensuing riches, Wall Street’s wealth advisers are ramping up lending to founders and entrepreneurs based on the soaring values of their private companies.

For anyone worried about the gargantuan costs of developing artificial-intelligence infrastructure, it was comforting to think that Big Tech firms could just turn off the spending taps if demand for chatbots and coding tools didn’t pan out. That’s starting to look like wishful thinking.

It’s true enough that history rhymes, even if it doesn’t necessarily repeat. But that creates danger when we pick up resonances from the wrong episode of history, particularly in the fraught task of identifying and avoiding speculative bubbles.

US stocks rose at the open on Thursday as Microsoft Corp. soared 16% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., gained as well.

Europe’s big banks have joined the global stock trading party. Danger lurks, however: When the market turns, it is often brutal.

The conventional wisdom in tech is that it’s better to overspend than miss out on a blockbuster hit. Of course, Big Tech’s investors hate when their companies overdo it.

The arithmetic of doom on America’s debt and budget shortfalls has been a favorite parlor game for fiscal conservatives since 1971, when Richard Nixon removed the last constraint on federal borrowing by ending the dollar’s convertibility to gold.

At the party, hosted on a hot day last July at HPS business development head John Christmas’ New Jersey beach house, bandana-clad colleagues across his teams mingled poolside with the wind at their backs. With the addition of HPS, one of the biggest names in private credit, it seemed BlackRock was set to break through in the market in a way that had eluded the asset manager for years.

Wall Street is racing to roll out complex investment products tied to SpaceX shares that aim to shield buyers from future losses amid a sharp selloff following its market debut.

The US dollar will weaken if the Federal Reserve leaves interest rates unchanged this week, according to TD Securities.

One of this year’s hottest themes in the stock market has been the crowds of traders chasing the recipients of all the planned spending on new artificial-intelligence data centers.

Politicians all over the world are showing renewed enthusiasm for public ownership of private companies. The methods range from modest government stakes to outright nationalization, but the trend is apparent.

BlackRock Inc.’s $12.55 billion bond sale tied to a Meta Platforms Inc. data center rallied in early trading on Monday in a sign that relatively high yields on the debt ultimately attracted investors.

CME Group Inc. said the debut weekend of 24/7 trading for its one-ounce gold futures saw stronger-than-expected demand with deep liquidity despite subdued volatility.

Pimco has been one of the loudest voices warning of risks in private debt markets, and Ivascyn, 56, has cautioned on the trillions of dollars pouring into the infrastructure underpinning the artificial intelligence boom.

US state and local government debt hit its cheapest level since the spring, after inflation fears caused municipal bonds to see their worst week of returns since April 2025.

Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. face renewed investor anxiety over their debt-fueled capital expenditure plans after Alphabet Inc. raised the upper end of its spending forecast this year by as much as $15 billion.

Kioxia Holdings Corp. faces more wild price swings with leveraged exchange-traded funds tracking the Japanese memory chipmaker’s shares set to be listed in the US.

Jefferies Financial Group Inc. is hiring several muni sales and trading veterans, according to a person familiar with the matter.

US Treasuries edged higher as oil prices softened after the US paused its nearly two-week campaign of strikes against Iran, while traders eyed a roughly one-in-three chance of a Federal Reserve interest rate hike on Wednesday.

Goldman Sachs Group Inc. and T. Rowe Price Group Inc. are launching their first interval fund for the masses as Wall Street races to bring private investments to Main Street.

Let’s get this out of the way right away: It’s highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the latest data showed inflation has slowed.

It is one of the great paradoxes of our time: Americans have never been richer — or more negative about the economy.

Artificial intelligence operates at speeds and levels of complexity that its human creators can’t match. So what happens when it’s unleashed on financial markets?

Intel Corp.’s long-awaited turnaround is in progress, now that the artificial intelligence data center boom is fueling demand for its chips.

Gold edged higher, holding firmly above the key resistance point of $4,000 an ounce even as the widening conflict in the Middle East fuels expectations for tighter monetary policy.

US equity futures on Friday were little changed, indicating stocks are poised to steady from the deepest one-day drop in a month, as Brent crude prices fell below $100 a barrel and a selloff in Big Tech shares eased.

BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project, testing investor appetite amid growing concerns about excessive AI infrastructure spending.

Washington, DC is stepping up to borrow $1.2 billion this week at its annual municipal debt sale, tapping the market as its credit stabilizes.

US Treasuries are offering investors solid protection against losses as yields remain elevated, according to BlackRock Inc.

Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide.

US President Donald Trump said a civil nuclear agreement with Saudi Arabia would be contingent on the kingdom normalizing ties with Israel, throwing cold water on a landmark deal his administration finalized just a day earlier.

Alphabet Inc.’s impressive second-quarter earnings release on Wednesday seemed on course to go down mostly well with investors. Until the earnings call, the Google parent’s share price was up marginally in after-hours trading, buoyed by cloud growth that smashed estimates.

The global luxury industry, which has been grappling with three years of lackluster sales, may gain some relief as wealth generated by artificial-intelligence companies and their trillions of dollars of initial public offerings finds its way into fancy fripperies.

The first data releases since Federal Reserve Chairman Kevin Warsh took office suggest that inflation has subsided, making his job a little easier.

By moving forward with the latest proposal, Trump would cement his commitment to tariffs, despite voter concerns about the cost of living heading into November’s midterm elections.

The US 30-year bond yield is trading above 5% for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation.

Blackstone Inc. leaned on Wellington Management Co. and Vanguard Group to create two new funds that will give individual investors access to private assets as it looks to go beyond its roots as a money manager for pensions and institutions to become more of a household name.

With AI spending skyrocketing, investors are looking for Alphabet Inc.’s earnings to show strong growth in its cloud-computing business, which would demonstrate a clear return on the company’s investments.

Strong economic momentum is a double-edged sword for US equity traders. Solid growth is an earnings tailwind. But let it run too hot, and it turns from blessing to curse.

Charles Schwab Corp. reported earnings that topped estimates as retail investors continued to jump in and out of the market amid volatility sparked by geopolitical uncertainty.

Investors poured billions into BlackRock’s exchange-traded fund tracking South Korean stocks, underscoring strong appetite for artificial intelligence companies even as wild swings continue to roil local equities.

The biotechnology sector is stealing the US IPO market thunder from artificial intelligence-related listings, delivering standout returns as bankers line up a steady stream of summer debuts.

Gold and silver rose on dip-buying, as traders monitored Middle East tensions for signs that higher energy costs could stoke inflation, putting pressure on the Federal Reserve to tighten policy.

After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.

Andy Burnham pledged a “new economic model” for the UK as he sought to reassure Britons that his ascension as their seventh prime minister in little over a decade would bring an end to the country’s political instability.

Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank’s fight against inflation still seems far from over.

Whether you admire him or cringe at the mention of his name, US President Donald Trump has long had a penchant for putting his name on things. Once it was condos, steaks and Bibles.

US stocks advanced on Monday, paring last week’s slump, as chipmakers rebounded amid a deluge of earnings reports that will test whether Big Tech’s profits can match high expectations.

A growing number of corporate leaders, buckling under the stress and uncertainty of the AI age, are looking for a very human solution: A chief of staff.

A record inflow hit the largest US-listed South Korea exchange-traded fund, as investors seeking exposure to SK Hynix Inc. piled into the ETF as a proxy at a time when the chipmaker’s new American depositary receipts trade at a substantial premium to its local shares.

President Xi Jinping used the rise of China’s AI models to stake his claim on shaping the technology’s global rules, even as their growing power stirs security concerns in Washington and Beijing alike.

Apple Inc. is again the biggest company in the world after wresting the title from Nvidia Corp., which has held it since May 2025.

The bonds sold by hyperscalers to fuel their artificial intelligence ambitions have become a drag on investor portfolios from London to Tokyo.

Housing starts in the US surged in June after a sharp drop a month earlier, driven by a rebound in apartment construction.

Investors love an oligopoly. Imagine an industry dominated by a few large, long-standing players. They can earn outsized profits in boom times and avoid crashes thanks to rational capital spending. The existential questions, though, are whether these firms might turn on each other, and is the industry’s entry barrier high enough.

As prediction markets draw record trading around events like the World Cup, Jump Trading Group is betting the once-niche contracts are becoming a lasting corner of Wall Street.

David Solomon, decked out in full academic garb, bobbed his head happily and wagged his index finger to the beat of his own AI-generated music.

Netflix Inc. has been one of the worst stocks in the market over the past 12 months as concerns about the video-streaming giant’s plans and prospects refuse to go away. Now, investors worry that its earnings report after the close will confirm those fears.

Hoisington Investment Management Co., the bond manager known for its bullish stance on US Treasuries going back more than 30 years, has turned bearish.

Is it a bubble or isn’t it? That’s what everyone seems to be asking about the US stock market. I say it isn’t. A bubble to me is when price becomes disconnected from any rational, articulable value, the way people chased opaque schemes in the Roaring 1920s or the blind faith in new internet companies in the 1990s.

Captain Ahab never caught Moby Dick, but Morgan Stanley shows how tracking billionaire tech whales like Elon Musk can eventually land a fortune. Not long ago, the bank appeared to have shot itself in the foot as lead lender on the disastrous $44 billion buyout of social media platform Twitter, now known as X.

Eli Lilly & Co. agreed to buy AtaiBeckley Inc. for as much as $3.8 billion, underscoring growing interest from large drugmakers in the once-fringe area of psychedelic medicine.

incoln National Corp. is in advanced talks with Talcott Financial Group for a reinsurance deal that would shift billions of dollars of life insurance reserves off its balance sheet, according to people familiar with the deliberations.

BlackRock Inc. pulled in $192 billion of net client cash in the second quarter, with investors pouring money into exchange-traded funds and pushing total assets above $15 trillion for the first time.

In the span of just two weeks, Meta Platforms Inc. has gone from a market afterthought to one of its hottest stocks, as investors finally like what Facebook’s parent is saying about its artificial intelligence plans.

Artificial intelligence is reshaping every business, including ours. But the hardest challenge is not adopting it. It is rewiring your company around it. How corporate leaders respond to that test will determine whether AI shrinks their ambition or raises it.

The median house price in Nantucket, Massachusetts, is nearly $4 million. It was just $500,000 in 1995. This sounds like a stunning increase in one of the hottest and least accessible real estate markets in the country.

Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.

The US Bureau of Labor Statistics said Tuesday that the Consumer Price Index fell 0.4% in June, bringing the inflation rate over the past 12 months down to 3.5%. That’s good but not good enough. Inflation is still too high.

US stocks rose on Tuesday as investors parsed latest inflation data and Federal Reserve Chairman Kevin Warsh’s remarks.

Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions about the sector.

What’s good for the US dollar isn’t always good for US bonds — but investors are finding ways to work around it.

In his zeal to avoid signaling where interest rates are headed, Federal Reserve Chairman Kevin Warsh has obscured something else that’s crucial to investors, analysts and other policymakers: How he would react when challenged by the economy.

Investors are flocking back to Apple Inc. as nervousness about artificial intelligence spending weighs on the stocks of chipmakers and cloud-computing giants.

South Korea’s AI-fueled stock rally came under renewed pressure Monday as SK Hynix Inc. tumbled by a record 15%, underscoring growing investor concerns that the boom has become overstretched.

The official data will be released tomorrow, but if past trends continue, the US inflation rate will come in higher than most Americans are used to, but still relatively low.

Investors who piled into SK Hynix’s $28 billion blockbuster Nasdaq debut on Friday should be aware: The business model on which the world’s leading memory chip makers are thriving is set to shift to one that requires a bit more strategic and financial gambling.

Money flowing into President Donald Trump’s newly created accounts for children will initially be invested in a State Street Corp. exchange-traded fund, as the US Treasury Department prepares to roll out the program.

The Federal Aviation Administration is resurrecting the dream of passengers flying faster than the speed of sound after it recently proposed lifting a ban on supersonic flights over land, which has been in place for more than five decades.

The US equity market, with the S&P 500 hovering near all-time highs, is expensive. This isn’t controversial. Depending on which measure you use, US stocks have arguably been overpriced for several years.

New Hampshire’s executive council voted down a proposal to bring the first Bitcoin-backed bond to the municipal market.

Finance Minister Satsuki Katayama pulled a genuine surprise on Friday when she announced toward the end of a regularly scheduled press conference that the government would pursue policies to encourage its massive pension funds to invest more at home. Details were sparse, and the yen wasn’t mentioned directly.

Silicon Valley has long considered itself an egalitarian utopia — a place where rebelling against hierarchy is encouraged and good ideas are supposed to bubble to the top, regardless of who has them. The reality has always been more complicated.

Americans like their electric vehicles to come with a side of gasoline. Sales of conventional hybrid vehicles, which combine internal combustion and electric drivetrains but don’t plug in to recharge, jumped by almost a fifth in the first half of 2026, year over year, while pure battery EVs slumped by a quarter.

Almost two decades ago, when trillions of dollars in private housing debt proved unsustainable, governments had to step in to prevent the worst financial crisis since the Great Depression from eclipsing it.

The busiest airport in New England is tapping the municipal bond market to remodel its facilities and keep up with passenger growth.

It used to be a considered something of a tawdry question, although it could be flattering as well: “What’s your number?” Nowadays, your inquisitor is probably asking about retirement — as in, how much you think you need to retire. And, as it often was before, it’s the wrong question.

One notable group has been absent from the 2026 stock rally: the American tech giants that have charged a nearly four-year bull run.

A wave of profit taking in the gold market has brought a three-year bull run to an end, but there’s little evidence yet that investors are putting on large-scale short positions in anticipation of further declines.

In 2003, the Pentagon’s Defense Advanced Research Projects Agency made a visionary attempt to use prediction markets for geopolitical forecasting. However, it created a huge controversy in Congress and was quickly killed.

Bitcoin tumbled as renewed geopolitical tensions rattled digital asset markets, eclipsing what had been a muted reaction to Strategy Inc.’s latest sale of the token earlier in the week.

After losing roughly $1 trillion in market value in less than two months, Nvidia Corp.’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere.

For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.

SpaceX joins the Nasdaq 100 Index Tuesday as Wall Street brokerages launch coverage of Elon Musk’s rocket, satellite and artificial intelligence company with a clear consensus: buy the stock.

The higher the rally in technology high-flyers, the louder the anxiety around a new wave of turbulence in the group.

When Mark Zuckerberg gets a bold new business idea, he likes to throw money at it. Last summer, he dropped $14.3 billion for a 49% stake in Scale AI, allowing him to poach its wunderkind founder Alexandr Wang to lead a new project to build artificial-intelligence systems that surpass human intelligence.

Private equity may be our No. 1 economic boogeyman. It is blamed for rising real estate prices, poor medical care, and ruining many of the businesses we used to love.

The US industrial robot industry is characterized by low growth and highly customized projects. Artificial intelligence holds out the hope to change that, especially when it comes to robots that can move and work safely around humans.

A violent rotation in the underbelly of a bullish stock market is extending the worst run for quantitative hedge funds since 2023.

Goldman Sachs Group Inc. sees the yen weakening to 165 per dollar in a year’s time, driven in part by Japan’s interest rate differentials with the US.

Oil held onto its recent run of losses, with traders looking for clues on flows through the Strait of Hormuz as barrels continue to return to the market after months of disruption.

US stock futures climbed early Monday as investors gauged whether the artificial-intelligence trade can regain its footing after one of its sharpest pullbacks in more than two years.

One of JPMorgan Chase & Co.’s most senior executives is leaving the bank after a four-decade career, in which she most recently led its artificial intelligence drive from a coveted spot on its top operating committee.

Slate Auto, the electric vehicle start-up backed by Jeff Bezos, is a grand experiment in whether austerity sells — and a warning for the US auto sector.

The artificial intelligence boom has a power problem, and Wall Street is betting billions on companies that promise to solve it — even if some of the technology hasn’t been fully developed yet.

The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices.

The business of overseeing individually tailored municipal-bond portfolios has continued to grow rapidly, turning those money managers into the biggest holders of state and local government debt, according to JPMorgan Chase & Co.

With the artificial intelligence race moving so rapidly, even a momentary lag can be costly. Alphabet Inc.’s Google is learning this the hard way: The search giant rapidly caught up with

Federal Reserve Chairman Kevin Warsh said price risks have come down in recent weeks, while repeating his determination to bring inflation back to the US central bank’s 2% target.

A private bond market dating back more than a century is opening a new front in the trillion-dollar AI funding boom, allowing tech borrowers to sell debt directly to deep-pocketed insurance firms.

July is a great time to buy stocks. In fact, it’s been the best month for the S&P 500 Index in the past two decades. Bulls are finding comfort in that history ahead of what stands to be an eventful stretch.

At the start of the regional war in February, Wall Street banks were grappling with the prospect of a protracted slowdown in the Middle East. Three months in, many firms are rushing to add bankers after local investors largely looked past the conflict and doubled down on dealmaking.

Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, setting up a new vector of competition with industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud.

The US Securities and Exchange Commission is signaling a potential rethink of how it oversees exchange-traded funds after a recent wave of filings for prediction-market ETFs prompted fresh scrutiny of the existing regulatory framework.

These are dark days for free-market economists when one of the few areas of bipartisan consensus is for a terrible idea: Both Vice President JD Vance and Senator Bernie Sanders want the federal government to take an explicit stake in AI firms.

Oil headed for the biggest quarterly decline since the pandemic as flows through the Strait of Hormuz accelerated following progress on a peace deal, with Morgan Stanley warning of a potential glut ahead.

Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go.

A sharp rise in the dollar may emerge as one of the biggest “pain trades” in the second half of the year, according to HSBC Holdings Plc.

Meme mania swept through Wall Street in 2021. Retail investors gathered on social media and coordinated trading strategies to short squeeze high-profile hedge funds.

Wall Street bankers are on a high after record-setting offerings from SpaceX and Google parent Alphabet Inc., lifting expectations for deal activity in the rest of 2026. More deals are on the way, including a steady stream of initial public offerings in the coming weeks, and a potential mega-deal for Anthropic PBC as soon as October.

European firms in critical sectors like nuclear energy and quantum computing are flocking to the US, despite efforts by European authorities and bourses to make the region’s markets more appealing and accessible.

Microsoft Corp. shares are heading for their worst month in years as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence.

Social Security is now just six years away from insolvency, according to the latest annual assessment. Many in Congress might like to keep on ignoring the problem, as they have for years, but this won’t be an option much longer. Senators elected in November will see the system’s trust fund empty during their terms.

This roller-coaster week for tech stocks from Seoul to New York fueled by extreme investor positioning and worries over chip demand is sending a strong signal: the case for the artificial-intelligence trade is still strong, but the days of everything going up in a straight line appear to be over.

The dollar is wrapping up one of its best months in a year as a raft of Wall Street banks see a turnaround of fortunes for the US currency.

SpaceX’s blockbuster bond sale is weakening so quickly in the secondary market that traders say they can’t recall another recent deal that widened this sharply.

Bitcoin’s collapse is forcing crypto veterans to confront the question every bear market eventually asks: when does mass panic create a buying opportunity? The answer, according to many of the investors and analysts who have lived through previous boom-and-bust cycles, is: not yet.

JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents as the abrupt departure of consumer banking chief Marianne Lake marked another twist in the race to succeed Chief Executive Officer Jamie Dimon.

Market professionals already on edge about the staying power of soaring artificial intelligence stocks are starting to grapple with another risk: public anger toward the technology.

President Donald Trump signed executive orders Monday aimed at accelerating quantum research, laying the groundwork for federal agencies to adopt the technology and strengthen US defenses against cyberattacks.

Alphabet Inc.’s addition to the Dow Jones Industrial Average marks another step in the benchmark’s effort to catch up with a market increasingly defined by Big Tech.

With back-to-back announcements this week, SK Hynix Inc. and Micron Technology Inc. have solidified the memory chip market as the hottest part of the AI industry.

Federal Reserve Chair Kevin Warsh is changing how the central bank conducts monetary policy. A fresh look is appropriate, especially given the Fed’s failure to achieve its 2% inflation objective for more than five years. But this needs to be done with greater care than Warsh has shown to date.

US technology stocks rebounded, lifting key indexes, after the latest flareup of concerns about the scale of the artificial-intelligence-fueled rally wiped nearly $1.3 trillion from the market capitalization of Nasdaq 100 companies over the first two days of the week.

When investors feel like the stock market is toppy, as many do now, they often compare what they expect stocks and bonds to pay. The yield on stocks should offer a premium over bonds to compensate for higher risk, and it usually does.

Alan Greenspan, the titan of global central banking who led the Federal Reserve during decades of prosperity, has died at 100, just when elements of his free-market philosophy are experiencing a renaissance.

SpaceX is seeking to raise between $20 billion and $25 billion from a debut bond offering on Tuesday, after attracting about $30 billion of investor orders even before the sales process had formally begun, according to people with knowledge of the matter. At that size, the deal would rank among the biggest of the year, according to Bloomberg-compiled data.

A massive profit warning from BMW AG last week delivered yet more evidence that Germany’s automaking business model is broken. With Volkswagen AG’s top executives reportedly worried about existential threats to their company, BMW’s woes aren’t isolated.

Nouriel Roubini, the economist known for predicting the 2008 financial crisis and later for his sharp criticism of crypto, is putting one of his investment products on the blockchain.

SpaceX launched a demonstration mission Tuesday to send a reusable capsule into space and then recover it, part of a new program that may allow the Elon Musk-led company to tap into the emerging market of in-space manufacturing.

The Trump administration is providing $17.5 billion to help finance equipment orders for large-nuclear reactors being built by Westinghouse Electric Co., according to people familiar with the matter.

All of this is a warning to other developed markets with debt levels on the verge of exceeding their gross domestic product. Following the Truss chaos of four years ago, the market has decided to approach the UK through a lens of always assuming the worst, a default that continues to cost British taxpayers in the form of higher interest rates.

On June 11, security researchers showed how to subvert OpenClaw, one of the most widely used AI agents. Instructions hidden in something as ordinary as a shared contact or a pinned location could make the agent run an attacker’s code and hand over its secrets.

For the first time in four years, companies in emerging markets are beating profit estimates, giving investors a fresh reason to believe the bull market is just getting started.

Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.

The flow of oil through the Strait of Hormuz is running at the fastest pace since the Iran war began — despite Tehran stating that the world’s key shipping chokepoint is shut and a report that the Islamic Republic continues to harass passing vessels.

Water utilities are selling bonds at a record pace to upgrade aging pipes and meet tougher regulations as they prepare for a potential pullback in federal funding.

SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.

Data center developers are struggling to connect to the power grid and, not unrelatedly, connect with people. Perhaps half the data center projects due to start operating this year won’t arrive on time, according to Currence, an artificial intelligence analytics firm.

For long-time shareholders, the IPO is more than just a liquidity event. It represents the end of years of uncertainty and provides a rare opportunity to monetize investments that have generated extraordinary paper returns while remaining largely illiquid.

A growing stream of stranded oil is making its way out of the Strait of Hormuz while empty Iranian vessels rush in, as the US-Iran interim peace deal sparks one of the biggest days of activity since the conflict began.

Kevin Warsh’s remarks after the Federal Reserve’s first policy decision under his chairmanship will probably spark more volatility at the shorter end of the Treasury curve while calming price swings at the long end, according to Kay Haigh at Goldman Sachs Asset Management.

Intel Corp.’s stock surged Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically.

For Elon Musk, the public market debut of SpaceX could hardly have gone better. It priced at the dictated $135 per share and has since jumped by almost half, adding more than $870 billion in just three trading sessions to an already huge market capitalization.

Vanderbilt sold about $320 million of tax-exempt bonds through a Tennessee authority in 2024. Some of those securities that are due in 2035 traded Tuesday for a yield of about 3.06%, only slightly above the 2.83% benchmark for top-rated munis, according to data compiled by Bloomberg.

Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.

SpaceX gained for a fourth straight day, cementing the company’s place among the world’s most valuable stocks after it surpassed Amazon.com Inc.

As new Federal Reserve Chairman Kevin Warsh leads his first policy meeting, falling oil prices are set to smooth the way for a rally in fixed income, according to MUFG’s chief of US macro strategy, George Goncalves.

Investors from Fidelity say new Federal Reserve Chairman Kevin Warsh stands to stoke bond-market volatility by offering his views on inflation.

JPMorgan Chase & Co.’s asset-management arm is urging investors to stick with stocks and other higher-risk assets in the second half of 2026, arguing that an AI investment boom and resilient consumers should keep the expansion intact despite persistent inflation and a Federal Reserve on hold.

Jensen Huang may see Marvell Technology Inc. as the stock market’s “next trillion-dollar company,” but it’s going to take a lot of growth for the chipmaker to even sniff that lofty level.

What prediction markets add is something equities never offered: a way for thousands of people to sell small bits of information — a logistics clerk’s observation, a local journalist’s hunch — that are individually worthless and collectively a forecast.

Financial markets generally displayed exuberance Monday after the US and Iran agreed to an interim peace deal to reopen the Strait of Hormuz. Oil prices fell to the lowest since early March and the S&P 500 Index surged, leaving it just a few points below its all-time high reached at the start of the month.

Brent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing.

SpaceX shares jumped on Tuesday, putting the firm on track to overtake Amazon.com Inc. as the fifth largest publicly traded company in the world just days after its blockbuster debut.

On the heels of arranging a record $85 billion equity-raise for Alphabet Inc., Goldman Sachs Group Inc. has scored a lesser-known victory for the tech giant in the municipal bond market.

Treasuries advanced as investors dialed back expectations for Federal Reserve interest-rate hikes following news of a deal to halt the Iran war.

SpaceX shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.

The US insurance industry recently joined the fossil-fuel industry in its fight to avoid being sued over the damage oil, gas and coal emissions have done to the planet. Given that insurers are supposedly among the world’s biggest sufferers of those same climate-fueled losses, this was a perplexing choice — until you think about why Big Insurance and Big Oil might be on the same team.

There are two processes that we cannot escape: aging and math. This applies not only to human beings but also to large government social-insurance programs.

High-speed railway Brightline West has signed new contracts to lay tracks and systems for its high-speed railway, according to an email seen by Bloomberg, signaling progress for a project whose municipal bonds have traded at steep discounts since last year.

New York City’s pension system said it’s seeking bids for roughly $92 billion of stock index-tracking funds now overseen by BlackRock Inc. and State Street Investment Management.

Companies are also looking for ways to cut workers’ costs by offering plans that charge workers less but restrict them to a narrower group of providers.

SpaceX made history with a $75 billion IPO that instantly turned it into one of the biggest public companies in the world. Now it has to win over the market.

US stocks opened with a small gain on Friday, supported by optimism about pending trading in SpaceX, which made history with the biggest-ever IPO, and the potential for an interim peace deal in the Iran conflict.

There’s a memorial to Paul the octopus at the Sea Life Centre in Oberhausen after the cephalopod seer earned worldwide fame by correctly predicting the outcome of all Germany’s seven games at the 2010 World Cup

That’s SpaceX out of the way. Next, investors will have to absorb the artificial-intelligence titans behind the Claude and ChatGPT chatbots, Anthropic PBC and OpenAI.

JPMorgan Chase & Co.’s public finance department hired a Goldman Sachs Group Inc. banker to specialize in prepay energy deals, marking a major hire for the team as the firm ramps up its work in the sector.

Things change fast in artificial intelligence. One minute corporate desk jockeys are competing to use AI coding and reasoning tools as much as possible, the next their bosses are complaining about budgets being pulverized and start rationing usage.

The jury is still out on whether SpaceX is primarily a rocket company, as its name suggests, or actually more of a telecom provider or artificial intelligence play. Its expected valuation doesn’t help resolve the confusion.

The initial public offering for SpaceX is poised to generate billions of dollars in profits for the fortunate few investors who got in early on Elon Musk’s rocket, satellite and artificial intelligence company.

As shareholders rush to pull money from private credit funds over troubling questions about software exposure, opaque loan values and non-payments, some bond investors are doing the opposite: buying their debt.

Attractive yields and strong credit fundamentals are setting the municipal bond market up for a solid second half of the year, said Paul Malloy, the head of municipals at The Vanguard Group Inc.

Prepaid energy deals are complicated transactions that allow utilities to lock in cheaper prices over long periods of time. They involve a financial middleman that receives bond proceeds in exchange for making regular payments needed to procure the energy for the utility.

With a new boss at the helm and expectations of billions in surplus gas revenue, the Qatar Investment Authority spent the past year telegraphing a step-up in dealmaking. Iran’s attacks on the country’s energy infrastructure and Doha’s inability to ship products risk hampering that push.

Sentiment in the US stock market has shifted quickly from fear of missing out to fear of getting wiped out.

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.

A simple view of SpaceX is that it’s a low-cost rocket launcher that created the profitable Starlink satellite business and which is now burning cash to build orbital data centers and colonize Mars.

Tim Cook’s last annual showcase of new software as Apple Inc.’s chief executive officer also marked the start of a deepening relationship with one of his biggest competitors: Alphabet Inc.

The rise in US yields has extended across the entire Treasury curve, creating a charged backdrop for Fed policymakers and their new chairman, Kevin Warsh, who helms his first meeting and press conference next week.

US stocks have further to run as corporate earnings growth underpins sentiment despite some signals suggesting equities may have risen too far, JPMorgan Asset Management’s Jack Caffrey said.

The US trade deficit narrowed in April as a surge in oil exports helped offset ongoing increases in imports of equipment powering the data center buildout.

Interactive Brokers Group Inc. is offering exchange-traded funds from BlackRock Inc. in savings plans in Europe, the latest platform to provide the booming product that’s become increasingly popular with mom-and-pop investors on the continent.

The history of megacap initial public offerings shows that the stocks usually slump in the first year of trading. But upcoming listings from SpaceX, Anthropic and OpenAI are big enough and systemically important enough to the market that those analogies may not apply.

My industry soundings are far more upbeat: When it happens, it would start as a trickle, but very quickly — in just a handful of weeks, if not days — transform into an oil flood. I’m on the side of the bears, as you may have guessed.

Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform well if the artificial intelligence boom turns into a credit bust.

US stocks bounced back on Monday from the worst rout this year, as a selloff in technology stocks eased and traders assessed flaring tensions in the Middle East, which supported oil prices and energy shares.

The bar for a Federal Reserve rate hike is falling as the job market remains robust in the face of stubborn price pressures, according to Collin Martin at the Schwab Center for Financial Research.

Apple Inc. investors have spent nearly two years clamoring for the iPhone maker to make a big splash with artificial intelligence. Their wait may finally be coming to an end this week at the company’s annual Worldwide Developers Conference.

Google parent Alphabet Inc.’s municipal-bond market debut was met by a surge of investor interest.

The $1.8 trillion private credit industry is finding out that trying to shake investor angst about the market is more of a marathon than a sprint. Such is the nature of long-term lending — there are few quick answers to the concerns that the market became too concentrated on software assets, a sector that’s ripe for disruption by artificial intelligence.

SoftBank Group Corp.’s payments unit is buying the life insurance unit of T&D Holdings Inc. for ¥134.3 billion ($840 million) to broaden its offerings and better compete in Japan’s ballooning fintech market.

Some of that tension is also being felt by their clients, advisers say. Along with the anticipation of a life-changing windfall, the initial public offering is eliciting more complicated emotions, as well, ranging from apprehension to confusion.

Currencies in the developing world sank after a blowout US jobs report provided the clearest sign yet that the labor market is breaking out of a prolonged period of lackluster hiring, undercutting the case for rate cuts from the Federal Reserve.

The largest ski resort in the US, in a corner of Utah long popular with wealthy travelers and second-home buyers, is expanding — and turning to the municipal bond market to help pay for it.

When someone told me recently that her favorite use of AI is for financial advice, I was horrified. I am a retirement economist, and my first reaction was self pity: Now I know how doctors feel when people use AI for medical questions.

Elon Musk can still enchant investors with his vision of the future. Any questions about SpaceX’s record-breaking initial public offering — be it about the valuation, the company’s trajectory or technical execution — were brushed aside as the retail marketing for the deal got under way.

The stock market keeps setting records. Bitcoin has minted millionaires. Gold has peaked at new levels. Yet one of the most popular trades is to sit in cash or, more precisely, money-market funds.

Soaring US power bills are threatening to claim their biggest victim yet — the nation’s largest electric grid operator.

While insurance coverage has broadly kept pace with rising catastrophe exposure, the protection gap — in absolute terms — has gone up as the value of exposed assets has grown, the Swiss Re Institute said on Wednesday.

A seemingly endless appetite for buying US stock dips has propelled Vanguard Group’s S&P 500-tracking ETF past $1 trillion in assets, making it the first fund of its kind to reach a milestone once thought unimaginable for the ETF industry.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients, part of an unprecedented nationwide push in coordination with the rocket maker’s leaders.

Cliffwater LLC’s flagship private credit fund capped redemptions at 5% in the second quarter after investors looked to pull about 17% of shares, in a sign of enduring pressure on the $1.8 trillion market.

Foreign investors led by the likes of Stanley Druckenmiller and major Wall Street banks are returning to Argentine stocks this year after some had exited ahead of 2025’s volatile midterm election cycle.

Wellington Management Co. agreed to buy the asset-management division of Hartford Insurance Group Inc. as the Boston-based investment firm pushes ahead with a wealth expansion.

As billions of dollars leave Bitcoin and Ether funds, money is flowing into a corner of crypto that promises something investors have long struggled to find in digital assets: a clearer path from economic activity to token value.

A private credit fund jointly managed by Future Standard and KKR & Co. sold $900 million of junk bonds on Monday, according to people familiar with the matter, in a rare high-yield offering by a publicly traded credit fund.

Blackstone Inc. has entered an agreement to provide Nippon Life Insurance Co. with investment services, adding to an increasing number of tie-ups between private investment firms and Japanese insurers.

Google parent Alphabet Inc. is poised to enter the municipal-bond market’s prepaid energy space by participating in a $1 billion transaction out of California, a major development in the evolution of a booming segment.

A key source of demand for corporate bonds may be fading now that managers of company pension funds have more than enough money on hand to pay their retirees.

Investors are about to get a read on the durability of the soaring rally in cybersecurity stocks when two of the industry’s major players report earnings in the coming days.

Elon Musk’s SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO — but banks are still likely to rake in about $500 million from the record-setting market debut.

The announced expansion comes as the US races to provide huge amounts of electricity for AI data centers, with nuclear power emerging as one of the big winners. The Trump administration is pushing to quadruple output from nuclear plants which will require a leap in uranium fuel production to meet the challenge.

Caution has become the most expensive position on Wall Street. A hot inflation reading this week — sending the annual gauge to its highest in about three years — landed alongside fresh strikes in the Persian Gulf and enduring expectations that the Federal Reserve may need to keep policy tight.

Investors are pouring money back into municipal bonds as higher yields and the approaching summer reinvestment season draw cash into the tax-exempt market.

It’s not often that investors encounter something truly new in markets. But they will soon when Space Exploration Technologies Corp., OpenAI and Anthropic PBC go public with trillion-dollar valuations, or close to it. No company listed in the US has ever come to market so extravagantly priced — by a long shot.