Page Navigation: All Articles | Videos
– Featured –
Featured Article
Blackstone Private Credit Fund Co-CEO Jonathan Bock Resigns
Jonathan Bock, co-chief executive officer of Blackstone Inc.’s flagship $78 billion private credit fund, is leaving the firm, according to a filing Friday. Bock, who joined three years ago, resigned on July 20, the firm said. Blackstone won’t replace his role, with...
– Save Change World (SCW) Articles –
Apollo Likens Risky Private Credit to Mere ‘Sprinkle’ on Cupcake
Apollo Global Management Inc. is using a new confectionary-based metaphor to reiterate its longstanding claim that investors are vastly underestimating how much of the private-credit market carries an investment-grade rating. In a LinkedIn post this week that featured...
Morgan Stanley Hauled in Billions of Wealth Assets From IPOs
It’s not just Morgan Stanley’s IPO bankers that are benefiting from the frenzy of companies going public in recent weeks. The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs,...
Nasdaq 100 Sees Crisis-Level Volatility in Echo of Dot-Com Bust
Only during major crises have tech stocks been this volatile. For 20 of the past 26 trading days, the Nasdaq 100 Index — a key industry benchmark — has seen a daily gain or loss of roughly 1% or more as it lurched sideways, with the 1.1% gain on Tuesday the latest...
Korea’s AI Stock Rout Is Becoming a Lesson in Leveraged Excess
South Korea’s AI-fueled stock boom is turning into a cautionary tale of what happens when leverage becomes a more powerful market force than the fundamentals. SK Hynix Inc.’s record 15% plunge Monday compelled managers of leveraged products tied to the country’s...
Lincoln in Talks With Talcott for Multibillion-Dollar Risk Deal
Lincoln National Corp. is in advanced talks with Talcott Financial Group for a reinsurance deal that would shift billions of dollars of life insurance reserves off its balance sheet, according to people familiar with the deliberations. The deal is expected to focus on...
Apollo’s Slok Warns of Dollar’s Vulnerability to an AI Pullback
The dollar’s recent gains are at risk if the selloff in artificial intelligence stocks deepens, according to Apollo Global Management Inc.’s Torsten Slok. International investors embracing the AI theme have spurred record net foreign inflows into US equities on a...
Corporate Landlords Targeted by Trump Now Poised for Growth
President Donald Trump shocked Wall Street when he called to bar big investors from the US housing market. Six months later, the effort ended in a compromise that still offers the biggest landlords plenty of ways to grow. The deal, encoded in broader housing...
The Stock Market and a “Phenomena of our Lifetimes”
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s...
Morgan Stanley Sees Pressure Rising on Chipmakers’ Pricing Power
Morgan Stanley’s Lisa Shalett urged investors to be cautious on chipmakers as evidence mounts that their pricing power is limited, suggesting that the stocks may have rallied too far on optimism around artificial-intelligence spending. “We are seeing the AI data...
Bank of America sets SpaceX stock price target
SpaceX (SPCX) stock is trading near $153 on July 9. All the initial gains since its IPO have been wiped out, despite the stock’s inclusion in the Nasdaq-100, and a slew of high price targets coming from big Wall Street banks. Goldman Sachs initiated the stock with a...
