The uptick in borrowing costs can be traced to higher bond yields since the Iran conflict began in late February, but also to the large financing needs of the AI buildout
Investors have lifted odds that the Federal Reserve is on the verge of raising interest rates, but lingering labor-market fragility and the risks to growth from surging oil prices make that a long shot, at least for now.
Shares of Apollo Global Management and Ares Management dropped after private-credit funds the firms managed disclosed receiving more than double the redemption requests that the funds were willing to honor.
US Ambassador to the European Union Andrew Puzder discusses potential talks between the US and Iran on ending the Middle East conflict, the need for Europe’s involvement in the Strait of Hormuz, and US-European trade. (Source: Bloomberg)
Wall Street banks led by JPMorgan Chase & Co. have kicked off the sale of $8 billion in junk bonds to fund the record leveraged buyout of video game maker Electronic Arts Inc.
Polymarket has moved to squash some types of insider trading after the prediction markets platform came under scrutiny for suspected manipulation.
Just before US markets opened on Monday, President Donald Trump backed down from his threat to destroy Iran’s power infrastructure if it didn’t reopen the Strait of Hormuz within 48 hours — pushed by the surge in energy prices and global market rout unleashed by the US-Israeli war on Tehran and hopes that fresh talks could yield a deal to end the conflict.
