IG Bond Buyers Yank 36% of Orders as Supply Overwhelms
US investment-grade bond issuance is on a record 2026 pace, but buyers pulled 36% of orders this week after pricing was squeezed — twice the prior week.
capital markets
Nvidia’s $500B AI Consortium: 6 Titans Rewire Compute Finance
Nvidia lines up Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise $500B+ for AI compute infrastructure — off-balance-sheet.
Reddit Joins the S&P 500 on Aug 18: Shares Pop 8.8%
S&P Dow Jones Indices adds Reddit (RDDT) to the S&P 500 effective Aug 18, 2026. Shares jumped 8.8% after-hours as passive funds prepared to buy.
Thrive Holdings Raises $2B at $12B: AI-Native PE Model
Thrive Holdings raised $2B at a $12B valuation from OpenAI, SoftBank, D1 and Altimeter to buy legacy services firms and inject AI into their workflows.
US Borrows $432B in July; FY26 Deficit Already Tops FY25
July’s $432B deficit pushes FY26 borrowing past $1.8T in 10 months — more than all of FY25 — as tariff refunds bleed receipts and debt nears $40T.
Goldman Buys NEOS for $2.25B: An Options-Income ETF Bet
Goldman Sachs Asset Management will pay up to $2.25 billion for NEOS Investments, adding $30 billion of options-income ETFs and pushing GSAM’s active ETF book to about $80 billion.
Lyntris Sets $492M IPO Terms: Trive’s Defense-Tech Roll-Up Hits NYSE
Lyntris (NYSE: LYNX), the Accelint + Vitesse combination backed by Trive Capital, set an IPO range of $19-$22 targeting up to $528M and a ~$2.36B market cap.
Palmer Luckey’s Erebor Nears $1.5B Round at $9.5B
Erebor, the tech-focused bank co-founded by Palmer Luckey, is in talks to raise $1.5B at a $9.5B valuation — more than doubling in eight months.
Buffett Sits on $365B: Berkshire’s Q2 T-Bill Fortress
Berkshire Hathaway’s Q2 10-Q shows $324.9B in Treasury bills and $40.6B in cash — a $365.5B war chest and a signal to fixed-income markets.
Switch Files Confidential IPO, Eyes $80B Data-Center Return
Las Vegas data-center giant Switch confidentially filed to return to public markets, chasing a valuation up to $80B just four years after an $11B take-private by DigitalBridge and IFM.