Imani Moise

Following a handful of high-profile defaults in the past year, wealthy individuals are retreating across private credit, forcing fund managers to limit redemptions to stabilize their portfolios.

The Treasury Department said yesterday that it's calling a meeting with regulators to discuss the risks for the sector.

Meanwhile, rival EV maker Rivian reported a 30% increase in deliveries in Q1 to roughly 10,000 vehicles.

The two companies' sales growth contrasts with the broader auto industry.

Ford and General Motors both reported significant sales declines earlier this week, though that was across all vehicle types.

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Hey, and welcome back to What's News.

I'm Imani Moise, host of What's News in Markets.

Stocks kicked off the month higher today as investors held out hope that the U.S.

would wrap up military actions in Iran soon.

Comments from the Oval Office suggesting a resolution could come within weeks pushed all three major indexes higher.

NASDAQ led the way with a 1.2% gain.

The news wasn't as positive for the energy sector, which has been boosted by the surge in oil prices.

Today, Brunt Crude, the international oil benchmark, slipped 2.7% to about $101 a barrel.

And shares in ExxonMobil fell 5.2%, shedding around $36 billion in market value.

Exxon hasn't lost that much value in a single day since the global financial crisis in 2008.

Egg prices are in freefall, which is good news, unless, of course, you sell eggs.

This morning, CalMain, the biggest egg producer in the U.S., reported a 53% drop in sales for the quarter ended February 28th.