Robinhood Markets Inc. kicked off formal marketing of its second publicly traded closed-end fund, which will focus on investing in private companies that have participated in startup accelerator Y Combinator’s programs. Robinhood Ventures Fund II is offering 7.6...

Treasury Secretary Scott Bessent’s championing of a Federal Reserve facility Japan can use to boost the yen comes with the benefit of protecting the US bond market from excess sales. The Foreign and International Monetary Authorities Repo Facility enables overseas...

The default rate across 1,300 US private debt borrowers tracked by Fitch Ratings rose to a record high in the second quarter, according to a report released Thursday. The trailing 12-month private credit default rate in the US increased to 6% as of the end of the...

An employee who raised red flags over suspicious revenue booking is behind what sparked a massive federal investigation into billionaire sports mogul Mark Walter. US prosecutors are probing the owner of the Los Angeles Lakers and Dodgers, after receiving information...

JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is poised to gain. The bank’s global market intelligence team, lead by Andrew Tyler, said its so-called...

SK Hynix Inc.’s American depositary receipts slumped to a new low after a record-setting $26.5 billion debut earlier this month as investors dump once-high flying semiconductor stocks. The South Korean memory chipmaker dropped as much as 10% to trade as low as...