Bloomberg Markets

Ken Leech to Plead Guilty in US ‘Cherry Picking’ Fraud Case

Ken Leech, the former co-chief investment officer at Western Asset Management Co., will plead guilty in a case related to allegations that he fraudulently assigned winning trades to favored clients while forcing others to take losses, days before he was to face a federal criminal trial.

business  2d ago

Bloomberg Markets

Chinese Chipmaker MetaX Plans Hong Kong Listing to Seize on Boom

MetaX Integrated Circuits Shanghai Co. plans to list shares in Hong Kong to capture the boom in chip stocks after a blockbuster initial public offering in mainland China last year.

business  2d ago

Financial Times

BlackRock private credit fund honours less than 40% of redemption requests

The firm’s $13bn HPS Corporate Lending Fund limits withdrawals for a second consecutive quarter

business  2d ago

NY Times Business

When will SpaceX start trading?

business  2d ago

NY Times Business

Americans Aren’t Money Savvy, and They’re Only Getting Worse

Researchers say people with poor understanding of basic finances often make bad decisions on money matters.

business  2d ago

NY Times Business

Here’s the latest.

business  2d ago

Bloomberg Markets

Rates Markets ‘Fairly Pricing’ Fed Path, Goldman Trader Says

A rates-product executive at Goldman Sachs Group Inc. said traders are positioned correctly for the Federal Reserve to raise interest rates to combat a surge in war-driven inflation.

business  2d ago

Bloomberg Markets

From London to Sydney, Traders Ready to Watch SpaceX’s Debut

Initial public offerings don’t normally keep investors awake on the other side of the globe, but SpaceX’s record-breaking IPO is far from ordinary.

business  2d ago

Financial Times

Elon Musk is a real-life Bond villain

The X owner is using his platform to amplify extremist opponents of multiculturalism in Britain

business  2d ago

Bloomberg Markets

UK Lags EU, US in Curbing Influx of Cheap Parcels from China

Large UK retailers are hurrying the government to close a tax loophole that they say is helping cheap, Chinese products enter the country. Maddie Parker explains what a crackdown could mean for consumers. (Source: Bloomberg)

business  2d ago

Bloomberg Markets

HSBC's Kettner: Stocks Don’t Need a Catalyst to Keep Rising

Stocks can continue climbing without a specific catalyst, despite recent volatility, as structural factors support higher valuations, according to HSBC Chief multi-asset strategist Max Kettner. “I don’t think there needs to be a catalyst,” said Kettner. He explained that we’re in a world of structurally higher nominal growth, and structurally higher revenue growth, meaning if company margins don’t change then earnings will continue to rise. Kettner joined Guy Johnson, Anna Edwards and Tom Mac

business  2d ago

Bloomberg Markets

Gary Gensler Says Kalshi Is Flat Wrong: Sports Bets Aren’t Swaps

Gary Gensler, overseer of Wall Street for significant parts of the last two decades, has a message for anyone arguing sports betting is a matter for federal financial regulators: They’re wrong.

business  2d ago

Bloomberg Markets

Leveraged ETFs Aren’t Just a Korea Problem

They’re growing in the US too.

business  2d ago

Bloomberg Markets

SpaceX IPO Raises $75 Billion, US-Iran Edge Towards Interim Deal | The Pulse 6/12/2026

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: John Waldron, Goldman Sachs, COO & President; Konstantin Veit, PIMCO Portfolio Manager; Alex Michl, Czech Central Bank Governor; Alex Zhavoronkov, Insilico Founder; Rudolf Minsch, Economiesuisse, Chief Economist (Sourc

business  2d ago

Yahoo Finance

Space stocks drop on SpaceX's massive $75 billion IPO

business  2d ago

Yahoo Finance

Space stocks drop as SpaceX soars in debut

business  2d ago

Bloomberg Markets

Iran Is Under Mounting Strain From US Naval Blockade

With ships trapped and oil revenue falling, Tehran has some tough choices ahead.

business  2d ago

Bloomberg Markets

KKR's Wood: Tech IPOs Won't Hurt Private Equity

"Not being invested is actually you're greatest risk," KKR Partner Alisa Wood tells Bloomberg's Anna Edwards and Tom Mackenzie. Wood spoke on 'Bloomberg: The Opening Trade'. This interview occurred on Tuesday, June 9. (Source: Bloomberg)

business  2d ago

Yahoo Finance

Ahead of a Fed Rate Hike Later in 2026, Make This 1 Trade Now

business  2d ago

Bloomberg Markets

Buy Toll, Sell Lennar as Rich Homebuyers Outpace First-Timers

An economy that’s been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst.

business  2d ago