Private-credit firms tend to accept much higher loan-to-value ratios than banks, raising default risks, Moody's says. Bank of New York Mellon logged higher-than-expected earnings and revenue in the ...

The Pentagon took a $400mn equity stake in Litinsky’s MP Materials last week and promised to buy its output for nearly 10 years at double the current market price. Apple on Tuesday agreed to a $500mn ...

BlackRock’s latest quarter delivered solid results, but Wall Street still punished the stock with its worst earnings-day drop ...