The majority of publicly ⁠traded ⁠business development companies (BDCs) — the visible part of the private credit ⁠market — have turned unprofitable due to falling asset values and rising costs, a Reuters analysis shows, in the latest sign of pressure building in this ​highly leveraged corner of finance. The $3.5 trillion private credit industry, where specialist funds step into a role traditionally held by banks to lend to mid-sized companies, has lately come under stress due

Lisa Cook, a member of the Federal Reserve board, outside the Supreme Court in Washington, on Wednesday, Jan. 21, 2026. Shortly after the Supreme Court blocked President Donald Trump from immediately ousting Cook on June 29, he described the decision as merely a “procedural” matter. (Kenny Holston/The New York Times) By COLBY SMITH and TONY ROMM Shortly after the Supreme Court blocked President Donald Trump from immediately ousting a sitting governor from the Federal Reserve,

The S&P 500 and Nasdaq ⁠finished ⁠June on Tuesday with their biggest quarterly ⁠gains since 2020 as investors remained upbeat about economic and earnings growth even amid the Middle ​East conflict. The Dow had its biggest quarterly jump since 2022. The indexes ended higher for the day as well, with the Dow registering a record closing ‌high for the second straight day. Technology ‌led gains among S&P 500 sectors, and an index of semiconductor stocks finished 3.9% higher on th

The Meta campus in Menlo Park, Calif., Sept. 18, 2025. The Trump administration is pressing Meta to submit its artificial intelligence models for voluntary review, which would allow the government to evaluate the AI’s abilities and vulnerabilities, four people familiar with the confidential request said. (Jason Henry/The New York Times) By TRIPP MICKLE, ELI TAN and SHEERA FRENKEL The Trump administration is pressing Meta to submit its artificial intelligence models for volunt

Is it over or not? World ⁠markets that assumed the Middle East conflict was over and done with got a rude awakening over ​the weekend after the United States conducted fresh strikes on Iran in response to attacks on Gulf shipping. But oil markets barely got a chance to react in ‌early trading today, as the two sides ‌agreed to halt hostilities and resume peace talks once again. I’ll get into that and more below. But first, listen to the latest episode of the Morning Bid ⁠dail

Global pressures from rising public debt to ⁠financial ⁠fragilities and the sustainability of the AI ⁠boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for ​International Settlements. The central bank umbrella group’s Annual Economic Report published on Sunday warned of a complex mix of vulnerabilities, including strained fiscal positions, lingering ‌supply shocks and the risk of a ‌renewed bout of stubbornly high inflation.

Food industry executives, retailers and suppliers gathered at the Puerto Rico Convention Center for the opening of the MIDA Conference & Food Show, one of the Caribbean’s largest trade events. By THE STAR STAFF More than 2,000 executives and business leaders from Puerto Rico’s food industry gathered Thursday at the Puerto Rico Convention Center for the presentation of Radiografía del Consumidor 2026, the island’s leading annual study of consumer behavior commissioned by the P

The ​Nasdaq fell on Thursday, dragged down by losses in Big Tech shares, while see-saw trade lifted the S&P 500 slightly higher ‌in the afternoon, and a shift into other sectors lifted the Dow as investors digested new economic data. Technology shares reversed early gains to move lower, weighing on the Nasdaq, as investors worried about hyperscaler spending on artificial intelligence and who foots the bill, fears that outweighed upbeat signals on AI demand from Micron (MU.O),

An 8% plunge in the high-flying U.S. chip stock ⁠index on Tuesday marked a jarring injection of volatility into mid-year trading. Memory chipmaker Micron Technology fell around 13%, ​reversing all its gains from the day before, ahead of its earnings update today. For an index that had doubled so far this year, maybe it just ran out of steam, but the ‌10% retreat in South Korea’s chip-heavy and volatile ‌KOSPI earlier in the day won’t have helped either. SoftBank CEO Masayoshi

Alan Greenspan, then-President Ronald Reagan’s nominee as chairman of the Federal Reserve, awaits the start of his confirmation hearing before the Senate Banking Committee in Washington, July 21, 1987. (George Tames/The New York Times) By COLBY SMITH and BEN CASSELMAN At his swearing-in ceremony as chair of the Federal Reserve last month, Kevin M. Warsh singled out just one of his predecessors as a role model for running a central bank: Alan Greenspan, who led the Fed for nea