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With the desire to have private market exposure alongside publicly traded stocks gaining traction among investors, Morningstar has developed a benchmark to reflect the trend. The Morningstar PitchBook US Modern Market 100 Index, or the Modern Market 100, is the first to combine public and private equity exposure in one index, the investment research company announced Wednesday. The benchmark is meant to capture the performance of 100 of the largest U.S. companies, broken down to …

BEIJING — Nearly half of U.S. businesses have redirected planned China investments to other regions over the past year — the highest on record — the American Chamber of Commerce in Shanghai said Wednesday. The business chamber’s survey of members from May 19 to June 20 came shortly after an escalation in U.S.-China trade tensions and a temporary rollback of some tariffs from mid-May. The two countries last month agreed to extend the trade truce …

Online lender Klarna priced its IPO at $40 per share on Tuesday, above its expected range, in a deal that values the Swedish company at about $15 billion. Klarna, known for its popular buy now, pay later products, said it raised $1.37 billion for the company and existing shareholders, who are looking to exit a portion of their long-held positions. The company will list its shares on the New York Stock Exchange under the symbol …

JPMorgan Chase CEO Jamie Dimon said that a Labor Department report released Tuesday confirmed that the U.S. economy is slowing down. The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift and the biggest revision in more than two decades.  “I think the economy is weakening,” Dimon said. “Whether it’s on …

BEIJING — As the race for household robots heats up, Chinese humanoid startup X Square Robot announced Monday it had secured around $100 million in a funding round led by Alibaba Cloud. It’s the Shenzhen-based startup’s eighth round of financing since the company launched less than two years ago in December 2023, according to Chief Operating Officer Yang Qian. She told CNBC the latest deal brings total investment in X Square Robot to around 2 …

The private market assets platform Yieldstreet struck a deal to recoup some of its legal expenses for an ill-fated series of marine loans — but its customers are less fortunate. Yieldstreet is getting $5 million in a settlement with the borrowers who defaulted on the marine loans, the startup told customers last week in letters obtained by CNBC. But since the company’s recovery cost “well exceeds the entire settlement amount,” it’s unlikely investors will see …

The August jobs report on Friday is expected to confirm the labor market is weakening. Just by how much is what will matter to investors. It can’t be too slow, nor can it be too hot. Wall Street is on edge heading into Friday’s nonfarm payrolls. Economists polled by Dow Jones are forecasting the U.S. economy added 75,000 jobs last month, a weak estimate that’s only slightly higher than the dismal 73,000 headline number in …

Stephen Miran will take an unpaid leave of absence as the chair of the Council of Economic Advisors at the White House while filling the vacant seat on the Federal Reserve’s Board if confirmed. At a confirmation hearing Thursday before the Senate Banking Committee, Miran, President Donald Trump’s nominee for the open Fed Governor role, said he wouldn’t fully resign his position at the White House while serving out the Fed Governor’s term, which expires Jan. 31, …

T. Rowe Price shares rallied Thursday after the asset manager struck a $1 billion deal with Goldman Sachs to sell private-market products to retail investors. Goldman will buy up to $1 billion in T. Rowe Price common stock through open-market purchases with the intention to own up to 3.5%, according to the announcement. The two financial firms will team up to offer wealth and retirement funds that give access to private markets for individuals, financial advisors, plan …

British luxury fashion house Burberry is set to re-join the U.K.’s FTSE 100 later this month, one year after being relegated from the blue-chip benchmark, index provider FTSE Russell said Wednesday. The upgrade, part of a quarterly reshuffling at the London Stock Exchange Group (LSEG), takes place as the heritage brand has been regaining traction under a sweeping overhaul by CEO Joshua Schulman. Burberry shares were down around 1.1% by 8:40 a.m. London time (3:40 a.m. ET). The …