Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates
Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.
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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…
Denmark’s Novo Holdings targets energy and bigger deal tickets
Aleks Engel, Novo Holdings: ‘The planet is burning up, so we need to get on with doing something about it’ Novo Holdings, which manages the DKr238 billion ($36.2 billion; €31.8 billion) investment portfolio of Denmark’s Novo Nordisk Foundation, is ramping up its push into planetary health assets on multiple fronts, according to partner Aleks Engel.
Spain Vs. Argentina: What Time Is The World Cup Final? Watch Guide
ATLANTA, GEORGIA – JULY 15: Lionel Messi #10 of Argentina celebrates with teammates after the 2-1 win during the FIFA World Cup 2026 Semi Final match between England and Argentina at Atlanta Stadium on July 15, 2026 in Atlanta, Georgia. (Photo by Buda Mendes/Getty Images) Getty Images For the first time since 1966, Spain and…
Trump defends DOJ subpoenas of NY Times reporters; Google also was targeted
U.S. President Donald Trump speaks during an announcement on American nuclear innovation in the Oval Office at the White House on July 24, 2026 in Washington, DC. Eric Lee | Getty Images President Donald Trump on Friday defended his Department of Justice‘s issuance of subpoenas to New York Times reporters, as it was revealed that…
Global stocks may be headed for a summer swoon. Why AI won’t be the only story that matters, JPMorgan says
Strategists at the investment bank outlined five key drivers for global equities in the months ahead
The billable hour is a trust contract. AI just broke the terms
A tax partner finishes researching a complex ruling for a client. Work that used to take a senior associate four or five hours now takes 11 minutes. She sends the answer to the client, then looks at her timesheet and stops. Processing Content Most people will frame this as a billing problem. No adjustment to…
