Microsoft Corp. shares are heading for their worst month in years as investors continue to fret about how the software giant will fare in a world marked by artificial intelligence. The stock has dropped 18.4% in June, which would represent its worst monthly...

A Morgan Stanley private credit fund sold investment-grade bonds to refinance debt, its first offering in just over a year. Morgan Stanley Direct Lending Fund raised $350 million from a five-year note, matching its target size, according to a person with direct...

Bitcoin’s biggest institutional sources of demand are faltering at the same time, leaving the cryptocurrency increasingly exposed as exchange-traded fund investors pull money at a record pace and questions persist over the financing playbook behind its largest...

The world’s biggest public investors plan to shift more capital into private and less liquid assets amid rising risks to their traditional bond-and-stock portfolios, according to an industry survey. Roughly a third of sovereign wealth funds polled by Invesco Ltd. plan...

Billions are flowing from firms like Blue Owl and KKR into Buy Now, Pay Later companies. It's an untested model and skeptics are worried about what happens in a downturn.The private credit industry was dubbed “shadow banking” as it took business away from traditional...

Individual retirement account assets exceed those of 401(k) plans by trillions of dollars. Annual rollovers from 401(k)-type plans to IRAs are set to exceed $1 trillion within years as baby boomers hurtle into retirement. Many investors may be well served by keeping...