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Apollo challenges Wall Street banks as lending volumes top $300bn
Apollo Global Management is accelerating its transformation from a traditional PE firm into one of the world’s largest private credit providers, using its insurance-backed capital base to compete directly with major investment banks for large-scale corporate financing mandates, according to a report by Bloomberg. The alternative asset manager originated a record $309bn of loans in…
SpaceX vs. the Last 5 Biggest IPOs in History. How Did Those Stocks Perform a Year Later?
Two notable trends continue to bolster the capital markets landscape. Of course, investor appetite for businesses in artificial intelligence (AI) remains robust. The view is that this is a groundbreaking technology that will have a meaningful impact on the economy. Additionally, the market is captivated by anything Elon Musk is working on. His grand visions…
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly from severe storms, were $518 million compared with $927 million for Q2 2025. The second-quarter catastrophe losses were more than paid for by favorable reserve development…
KKR’s Greater China credit chief leaves firm
KKR managing director Bing Gu has departed the investment firm after more than four years, marking the latest senior personnel change in Asia’s increasingly competitive private credit market, according to a report by Bloomberg. Gu, who was based in Hong Kong, led KKR’s credit investment activities across North Asia and headed the firm’s Greater China…
It’s Not Just a COLA: 3 Updates the Social Security Administration Should Share in October
If you’re seeing Social Security in the news a lot lately, there are a couple of reasons. The first is that the program’s trustees recently shared an unfavorable financial update. To make a long story short, benefit cuts could happen as soon as 2032 if lawmakers don’t act. The other Social Security headlines you might…
Iran mocks Trump’s reversal on Hormuz charges — ‘20% is of course too much. We will be fair’
The U.S. announced a new round of strikes on Iran on Monday, hours after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz and, in a seeming policy reversal, will charge other ships for safe passage. All of that comes as Iran has insisted it actually controls the critical waterway, and as…
