MARKETS

JPMorgan Pledges $750B to US Housing Push

JPMorgan is putting a larger number behind housing JPMorgan Chase plans to funnel $750 billion into housing over the next decade, marking a nearly 40% increase from what the bank has directed into the sector over the past 10 years.

Robinhood Opens Private Fund for Y Combinator Startups

Robinhood is building another public path into private tech Robinhood Markets has started formal marketing for Robinhood Ventures Fund II, its second publicly traded closed-end fund focused on private companies. The new fund will focus on startups that have participated

Leopold Aschenbrenner’s AI Fund Plunges Into Citadel Deal

Leopold Aschenbrenner’s AI fund was forced to sell Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, sold the bulk of its public stock portfolio to Ken Griffin’s Citadel after heavy losses in tech holdings, according to Reuters. The sale came after

Nike’s China Sales Slide as Local Rivals Gain Ground

Nike missed China’s sports boom Nike should be winning in China right now. Sports participation is rising, health and fitness spending is growing, and China’s sportswear market has expanded sharply over the past five years. But instead of capturing that

US Targets Canada With 50% Tariffs on Key Goods

The US-Canada trade fight just escalated The US administration signed three proclamations Monday that would impose 50% tariffs on a wide range of Canadian goods, marking a major escalation in trade tensions between Washington and Ottawa. The proposed duties are

BlackRock Crosses $15 Trillion In Assets Under Management

BlackRock’s scale advantage is getting harder to ignore BlackRock crossed $15 trillion in assets under management in the second quarter, a milestone that reinforces how much capital continues to concentrate around the world’s largest asset-management platforms. The company’s stock rose

Tesla Stock Sinks 7% Despite Blowout Second-Quarter Deliveries

Tesla delivered far more vehicles than Wall Street expected Tesla produced one of the strongest quarterly delivery reports in its history—and investors sold the stock anyway. The electric-vehicle maker delivered 480,126 vehicles during the second quarter, comfortably exceeding the company-compiled

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