FinNotes

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Market news & articles

Energy & Commodities · 3 hours ago

U.S. Ground Beef Prices Reach May Record as Texas Screwworm Cases Rise

U.S. average retail prices for 100% ground beef reached $6.899 per pound in May, according to BLS data. USDA said a new New World screwworm case was confirmed in a calf in La Salle County, Texas, bringing the reported total in the state to six, while cattle futures ended lower Monday.

Deals & Capital Markets · 3 hours ago

Ares secures $8.5 billion for specialty credit vehicle, topping target within six months

Ares Management said it raised $8.5 billion from institutional investors for its latest specialty credit fund, exceeding its $6.5 billion target and hitting the fund's hard cap less than six months after its January 2026 launch. The fundraising was disclosed amid slower flows from retail and wealthy clients and higher redemption requests.