Financials
JPMorgan Tightens Lending to Private Credit, Reports Say. KKR Stock and Blue Owl Fall.
The bank marks down the value of software loans in private credit portfolios in yet another blow to alt managers, according to multiple reports.
2 minute read
Charles Schwab’s Direct Crypto Offering Is Coming Soon. What to Know.
The company is forging ahead with plans to allow customers to directly hold Bitcoin and Ethereum even though the “fervor” around digital assets has waned.
2 minute read
Bank Stocks Have Gotten Hit Hard. It’s Time to Think About Buying.
Cheaper valuations for the sector’s shares look like an opportunity.
3 minute read
CrowdStrike and 11 Other Stocks That Have Gained Every Day of the Iran War
The conflict in the Middle East has turned the market on its head, with investors piling back into beaten-down software stocks.
2 minute read
Another Rough Friday for Bank, Brokerage Stocks as Oil Spikes and Jobs Report Disappoints
Big consumer banks and small fintechs were have been taking hits over concerns about inflation, interest rates, and macroeconomic uncertainty.
3 minute read
Robinhood’s Venture Fund Begins Trading. What to Know.
The company wants to give mainstream investors more access to private investments.
Long Read
BlackRock Stock Tumbles as Flagship Private Credit Firm Limits Redemptions
The HPS Corporate Lending Fund says it has received requests to repurchase 9.3% of shares outstanding, above the 5% limit.
2 minute read
Berkshire’s New CEO Puts His Money—and the Company’s—Where His Mouth Is
Berkshire Hathaway says it has begun repurchasing shares of its common stock under an existing policy.
3 minute read
Morgan Stanley Is Laying Off 3% of Its Workforce. Financial Advisors Are Spared.
The Wall Street giant is trimming a few private bankers, but most other wealth management cuts will be felt in corporate offices.
2 minute read
Robinhood Aims High With New Products, Including a Premium Credit Card
The company is rolling out new features and services to win affluent investors as well as gain wallet share with existing customers.
Long Read
Blue Owl Stock Has Plunged on Private Credit Fears. This Analyst Says They’re Overblown.
Oppenheimer analyst Chris Kotowski says Blue Owl has become ‘a magnet for bad press.’
4 minute read
KKR Co-CEOs Keep Buying the Stock Dip
Co-CEOs Joseph Bae and Scott Nuttall purchase a combined $8.8 million worth of KKR common stock.
2 minute read
Warsh’s Nomination for Fed Chair Has Finally Been Sent to the Senate. Now What?
The White House has formally opened a confirmation process that faces at least one significant obstacle in committee.
2 minute read
Washed-Out Private-Credit Stocks Approach Technical Inflection Points
KKR and Apollo Global stock charts show buying opportunities.
3 minute read
A Real Estate Firm Promoted by X Was Alleged to Be a Ponzi Scheme. Now It’s Filed For Bankruptcy.
Some RAD investors had told Barron’s that they lost their life savings investing in the real-estate firm.
3 minute read
Blackstone’s Private Credit Fund BCRED Sees Record Redemptions. The Worries Are Growing.
Blackstone indicated it saw higher-than-expected redemption requests at its flagship private credit fund.
4 minute read
Ship Insurers Say They Will Pause Coverage Against War Losses
Insurance brokers said coverage may be available from other sources, but at prices likely 50% higher than before the conflict with Iran started.
2 minute read
Bank, Brokerage Stocks Recover Lost Ground After Last Week’s Selloff—Despite Iran Conflict
Shares of consumer bank Wells Fargo, wealth manager Morgan Stanley, and other financial services companies were rising Monday.
2 minute read
Precious Metals Prices Get a Boost From Iran Conflict
Gold prices rose early Monday as investors flocked to haven assets amid heightened tensions in the Middle East. But it might be a false move.
1 minute read
Fidelity Profit Soared Last Year Amid Bull Market for Stocks
Investor trading activity jumped last year, with daily average trades up 31% year over year, according to Fidelity.
2 minute read
Bank, Brokerage Stocks Suffer Their Worst Day in Months. Here’s Why.
Financial stocks have taken hits recently as investors weigh the impact of potential AI-related disruption.
3 minute read
Netflix, Paramount, Block, Sunrun, Dell, Rocket Lab, Nvidia, CoreWeave, and More Stock Market Movers
Netflix drops out of the bidding war for Warner Bros., leaving Paramount Skydance victorious in its quest for the Hollywood company.
3 minute read
These Were the Best and Worst S&P 500 Stocks in February
Texas Pacific Land and Corning are February’s top S&P 500 stocks, while EPAM Systems and CoStar Group bring up the rear.
3 minute read
5 U.S. Senators Warn of ‘Significant Weakening’ at the CFTC
Staff departures at the Commodity Futures Trading Commission represent “a significant weakening” of enforcement, says a group of senators.
2 minute read
Berkshire Maven Bloomstran Says Stock Is Cheap Versus Intrinsic Value, Can Deliver 10%-Plus Returns
His estimate of intrinsic value is about 13% above Berkshire’s current stock price. Two other analysts have a lower valuation.
4 minute read
