Apollo is halting investor redemptions in its main retail-focused private credit fund after it was rocked by a near-17% spike in withdrawal requests during the second quarter. The private markets giant said it will cap withdrawals at 5% of shares in the Apollo Debt Solutions vehicle, after investors rushed to pull out about $2.4 billion, or…
DALLAS – Primoris Services Corporation (NYSE:PRIM) announced today that Chief Operating Officer Jeremy Kinch has departed from his role, while the company slashed its full-year 2026 financial guidance due to cost overruns in its renewables business. The company now expects net income between $71.0 million and $101.0 million for 2026, down from previous guidance of…
APA Corporation’s Forties Alpha oil platform in the North Sea. Courtesy: APA Corporation Brent oil futures fell on Monday after mediators Qatar and Pakistan said U.S. and Iranian officials had agreed on a roadmap aimed at reaching a final deal within 60 days. In a joint statement following talks at Switzerland’s Bürgenstock resort, the mediators…
U.S. Vice President JD Vance arrived in Switzerland early Sunday for the next phase in negotiations with Iran, a day after Tehran declared the Strait of Hormuz closed again. Iran on Saturday warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between…
At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when…
British Prime Minister Sir Keir Starmer hosts the first roundtable of regional English mayors with Andy Burnham (R) Mayor of Greater Manchester, at Downing Street on July 9, 2024 in London, England. Ian Vogler | WPA Pool | Getty Images Andy Burnham has won a special election to the British parliament, clearing a path for…
SpaceX shares dropped 3.57% on Thursday, as the stock’s recent rally cooled following a record-breaking IPO last week. Elon Musk’s space and artificial intelligence firm became one of the world’s most valuable companies after listing, and on Tuesday, its market cap surpassed Amazon and — briefly — Microsoft. With Thursday’s loss, SpaceX closed at a…
Investing.com — The UK labour market showed mixed signals in May, with some indicators pointing to stabilisation while others continued to weaken, according to data released Thursday, ahead of Bank of England rate decision. PAYE payroll employment increased by 2,000 in May, partially offsetting a 53,000 decline in April, which was revised up from an…
Last Updated: June 17, 2026 at 4:25 p.m. ETFirst Published: June 17, 2026 at 1:06 p.m. ET Snap CEO Evan Spiegel is deepening his bet on augmented-reality glasses — but investors aren’t buying the pitch. The Snapchat parent company SNAP got into the technology-infused glasses game relatively early, debuting its first Spectacles about a decade ago. And…
More and more central banks are storing gold bullion at home rather than overseas, as they expect to buy more of the safe-haven asset amid heightened geopolitical tensions. These are among the findings of the World Gold Council’s annual Central Bank Gold Reserves survey. It found that monetary authorities still see gold as a key…
