Mercury Raises $200M at $5.2B, Bids to Be a Real Bank
Mercury’s $200M Series D at a $5.2B valuation, led by TCV, signals fintech’s funding recovery as the startup pursues a U.S. national bank charter.
Market Trend
Russell 2000 Drops 2.4% as Long Yields Slam Small Caps
Small-cap stocks led Friday’s selloff with the Russell 2000 down 2.4% as rising Treasury yields rekindled fears about leverage, refinancing, and unprofitable balance sheets.
S&P 500 Tops 7,400 for the First Time on Trade and AI Tailwinds
The S&P 500 closed above 7,400 for the first time as a US CEO delegation met Chinese officials and Goldman Sachs projected $1T in AI investment.
Google’s $40B Bet Pushes Anthropic Toward $900B Valuation
Google committed up to $40B and Amazon pledged $5B as Anthropic eyes a $50B fundraise at a $900B valuation, marking the most aggressive private-market run-up in tech history.
Apollo Hits $1 Trillion in AUM as Private Credit Surges
Apollo Global Management crossed the $1 trillion assets-under-management milestone in Q1 2026, posting record fee earnings while private credit reshapes corporate finance.
Blue Owl Eyes $30B Sale of Stack’s Asia Data Centers
Blue Owl Capital is exploring a $30B sale of Stack Infrastructure’s Asia Pacific data centers — potentially 2026’s largest private markets infrastructure exit.
Apollo Raises $8.4B in 48 Hours as Private Credit Surges
Apollo closed Hybrid Value Fund III ($6.5B) and Accord Fund VII ($1.9B) in consecutive days. Ares set a Q1 fundraising record at $30B. Private credit is scaling at a historic pace.
Amazon’s Supply Chain Launch Sends UPS, FedEx Into Freefall
Amazon opened its logistics network to all businesses Monday, triggering a sector-wide selloff that sent UPS down 10.5%, FedEx 9.1%, and wiped billions from freight rivals in one session.
Hubbell’s $3B NSI Deal Bets on America’s Grid Boom
Hubbell acquires NSI Industries for $3B, expanding its electrical infrastructure lineup as AI data centers and grid modernization drive record demand for power components.
Barclays Closes Best Egg Deal, Targeting U.S. Consumer Credit
Barclays completes its acquisition of Best Egg’s parent Marlette Holdings, gaining a $40B+ consumer lending platform as the spread between personal loan rates and Treasuries reaches nearly 800 basis points.