Pimco’s Stracke Says Wealth Firms Running Shy of Private Credit

Jazz offseason recap and early season preview: Does Peterson's arrival end the rebuild?

The Utah Jazz finished last season with a 22-60 record, tied with the Sacramento Kings at the bottom of the West -- and ahead of only three East teams for the league's worst record -- but began their offseason with the No. 2 pick in the draft. It is tied for the highest they have ever drafted, and they used the pick to select Kansas guard Darryn Peterson. It didn't take long for the Jazz to make another offseason splash, sending center Walker Kessler to the Los Angeles Lakers in a...

Is Silicon Valley in the Justice Dept.’s Sights?

'Worrisome': AI is driving a looming market correction, central bank economists warn

U.S. and European stocks are scaling record highs as investors pile into the AI boom, but economists at the European Central Bank warn that history points to a sharp downturn ahead. "Economic research on past technological revolutions points to a worrisome conclusion: a correction of current stock market valuations is likely," the economists wrote in a Monday blog, citing two potential scenarios. A correction could occur because "overconfident, overoptimistic investors" push prices up beyond...

Fund manager have rarely been this bullish about stocks, says Bank of America survey

Higher interest rates, a global slowdown, political instability and AI capex are just four things about which investors aren’t especially troubled in late summer.