Rapid growth over the past decade has fueled the private credit industry’s rise into a $1.7 trillion market.

By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.

Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.

The gap between food-price and wage inflation between the end of 2019 and the second quarter of this year was roughly four percentage points.

Apollo Global Management Inc. clinched $5 billion in fresh firepower from BNP Paribas SA as it looks to grow its private lending business.

Powell has prioritized consensus building, reflected in a string of 17 meetings with no dissenting votes. That came to an end on Wednesday as some of Powell’s colleagues had implied they were more comfortable leading off with a smaller cut.

On Monday, derivatives markets showed investors saw a 65% chance of a half-point cut. That’s up from 50-50 odds on Friday.

The Treasury Department released 603 pages of proposed rules for the corporate alternative minimum tax, or CAMT, an exceptionally complex endeavor for regulators and corporate tax executives. The proposal comes more than two years after Congress passed the law creating the tax and more than 20 months after it took effect.

Going back to 1928, the S&P 500 has declined an average 1.2% in September, the weakest month of the year for stocks. The index ended lower 56% of the time over that stretch.

This year through late July, there have been 13 megadeals globally—defined as those valued at more than $5 billion—versus eight in all of 2023. Transaction value totaled $123.64 billion as of July, far more than the roughly $75 billion in megadeals struck in all of last year.