News

US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings

This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve’s interest-rate cuts.

OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.

OPEC+ Agrees to Extend Supply Curbs to End of Q2: Delegates

OPEC+ agreed to extend current supply curbs to the middle of the year to avert a surplus, according to delegates who asked not to be identified.

Emerging Assets at Risk as Governments Clash With Central Banks

Central bank independence is becoming an increasingly key battleground in emerging markets, and one that bodes ill for currency and bond investors.

Qatar’s Gas Boost Will Bring Energy Dominance — and Lots of Cash

Asset Managers Are Quietly Purging Their Portfolios of Tax Risk

There’s a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.

Emerging Assets at Risk as Governments Clash With Central Banks

Central bank independence is becoming an increasingly key battleground in emerging markets, and one that bodes ill for currency and bond investors.

Qatar’s Gas Boost Will Bring Energy Dominance — and Lots of Cash

Asset Managers Are Quietly Purging Their Portfolios of Tax Risk

There’s a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

The UK Stocks to Watch Ahead of Chancellor Hunt’s Spring Budget

When UK Chancellor Jeremy Hunt delivers his spring budget on Wednesday, investors in the country’s homebuilders, retailers and investment platforms will be watching with a sense of anticipation.

Malaysia’s Largest Pension Fund Raises Payouts on Higher Income

Malaysia’s largest pension fund raised its dividend payouts for 2023 after reporting higher income due to the “resilience” of the global economy, which fared better than expected despite challenges last year.

Kurdistan Oil Producers Say No Deal Made on Resuming Exports

International oil companies in Iraq’s semi-autonomous region of Kurdistan denied reports that a deal was made to resume oil exports through the Iraqi-Turkey pipeline.

Chile Hopes to Have New Lithium Projects Up And Running by 2026

The government of Chile hopes to have three or four new lithium projects up and running by 2026, Finance Minister Mario Marcel said on Saturday.

Crafts Retailer Joann Is Planning a Bankruptcy Filing That Would Hand Keys to Lenders

Crafts retailer Joann Inc. is considering a bankruptcy filing as soon as next week as part of a deal that would hand control of the company to lenders while allowing it to shed expensive debt, according to people with knowledge of the matter.

The AI Chip Behind Nvidia’s Supersonic Stock Rally: QuickTake

Computer components are not usually expected to transform entire businesses and industries, but a graphics processing unit Nvidia Corp. released in 2023 has done just that. The H100 data center chip has added more than $1 trillion to Nvidia’s value and turned the company into an AI kingmaker overnight. It’s shown investors that the buzz around generative artificial intelligence is translating into real revenue, at least for Nvidia and its most essential suppliers. Demand for the H100 is so great

What’s the Fed’s ‘Neutral’ Rate and Why Does It Matter?

Central banks seek to manage economies by setting interest rates at levels that encourage or discourage activities like car purchases and construction projects. These efforts revolve around a number that’s right in the middle — the rate that does nothing at all, also known as the neutral interest rate. It’s an important guidepost right now because most monetary policymakers are still trying to set rates high enough to bring down inflation — but not so high as to guarantee an economic recession.

Why Private Credit Is Booming and Banks Are Fighting Back

Need a loan for a new factory or a buyout deal, but don’t like the terms your bank is offering? There’s a $1.7 trillion industry that’s ready to help. Private credit came of age after the 2008 financial crisis as an alternative to banks at a time when regulators were clamping down on risky lending by deposit-taking institutions. Today it’s become a serious rival to mainstream lending for all kinds of businesses, from real estate firms to tech startups. Money is pouring into private credit funds

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Sharing the Wealth

The Fed Pivot Rally

BlackRock and Fidelity Capitalize on FOMO From Bitcoin ETF Mania

Bitcoin’s blistering rally produced record inflows into spot Bitcoin ETFs — and cemented the investor favorites in this new asset class.

In California’s Heated Senate Race, a Trump Voter Has a Chance at Snagging a Spot

Wall Street Turbocharges Bitcoin's Wild Rally and Rakes In Cash

Bitcoin on Verge of ‘Violent’ Move After Surge Toward Record, Options Show

After a breakneck run toward a record high this week, soaring demand for options appears to have left Bitcoin teetering on the verge of another parabolic run or a violent plunge.

Ukraine and the Houthis Are Revolutionizing Naval Warfare

OpenAI Isn’t Open Enough for Elon

Xi Jinping and the Congress That Can’t Say No

The Achilles’ Heel of ETFs Promising 100% Income Yields

OPEC+ Extends Oil Cuts, With Russia Bolstering Its Effort

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.

OPEC+ Agrees to Extend Supply Curbs to End of Q2: Delegates

OPEC+ agreed to extend current supply curbs to the middle of the year to avert a surplus, according to delegates who asked not to be identified.

Emerging Assets at Risk as Governments Clash With Central Banks

Central bank independence is becoming an increasingly key battleground in emerging markets, and one that bodes ill for currency and bond investors.

Qatar’s Gas Boost Will Bring Energy Dominance — and Lots of Cash

Asset Managers Are Quietly Purging Their Portfolios of Tax Risk

There’s a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

The UK Stocks to Watch Ahead of Chancellor Hunt’s Spring Budget

When UK Chancellor Jeremy Hunt delivers his spring budget on Wednesday, investors in the country’s homebuilders, retailers and investment platforms will be watching with a sense of anticipation.

Malaysia’s Largest Pension Fund Raises Payouts on Higher Income

Malaysia’s largest pension fund raised its dividend payouts for 2023 after reporting higher income due to the “resilience” of the global economy, which fared better than expected despite challenges last year.

Kurdistan Oil Producers Say No Deal Made on Resuming Exports

International oil companies in Iraq’s semi-autonomous region of Kurdistan denied reports that a deal was made to resume oil exports through the Iraqi-Turkey pipeline.

Chile Hopes to Have New Lithium Projects Up And Running by 2026

The government of Chile hopes to have three or four new lithium projects up and running by 2026, Finance Minister Mario Marcel said on Saturday.

Crafts Retailer Joann Is Planning a Bankruptcy Filing That Would Hand Keys to Lenders

Crafts retailer Joann Inc. is considering a bankruptcy filing as soon as next week as part of a deal that would hand control of the company to lenders while allowing it to shed expensive debt, according to people with knowledge of the matter.

Mercuria Taps One of World’s Highest-Paid Bankers for Senior Role

Mercuria Energy Trading SA is hiring one of the world’s highest-paid bankers as the global commodities trading house taps external talent to bolster its top ranks.

Iraq to Amend Budget in Bid to Restart Crude Exports Via Turkey

Iraq may amend its federal budget to pay recovery and transit fees to international oil companies in a bid to restart a crucial oil pipeline after a year, according its foreign minister.

Oil Trader With ‘History of Misconduct’ Took Years to End Bribes

Around the time Gunvor Group Ltd. was convicted on bribery charges in 2019, Chief Executive Officer Torbjörn Törnqvist touted its relatively new compliance department as evidence that the company had changed.

Coffee Craze Forces Asia’s Big Exporters to Buy Brazilian Beans

Some of Asia’s biggest coffee-producing nations are finding it more challenging to satisfy the caffeine cravings in their home markets.

Hunt to Require Pension Funds to Disclose Level of UK Investment

The Treasury will require pensions funds to publicly disclose how much they invest in UK businesses, part of government efforts to spur them to boost investments in UK assets.

Korea Faces Long Road in Unlocking Corporate Value Like Japan

As global investors scrutinize South Korea’s plan to boost corporate valuations, they note a key hurdle — the prevalence of family-controlled businesses, or chaebols, which are often blamed for keeping stocks undervalued.

NYCB Downgraded to Junk by Fitch, as Moody’s Goes Even Deeper

New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings, and Moody’s Investors Service lowered its rating even further, a day after the commercial real estate lender said it discovered “material weaknesses” in how it tracks loan risks.

Super Micro, Deckers Outdoor to Join S&P 500 After Rebalancing

Super Micro Computer Inc. and Deckers Outdoor Corp. have been added to the S&P 500 index in the latest quarterly weighting change.

Ecuador Bonds Jump After President Noboa Tells Investors He Sees IMF Deal in Two Months

Ecuador bonds jumped on Friday after President Daniel Noboa met with investors in New York and told them his government expects to reach a deal with the International Monetary Fund in about two months, according to a person who attended the meeting.

NYCB Turmoil Contained as Calm Prevails Among Regional Banks

Investors continue to punish New York Community Bancorp for its latest transgressions, but for now at least, they don’t seem concerned that it heralds the onset of another regional-banking crisis.

Guggenheim’s Millstein Says US Banks Are Sound Amid NYCB Tumult

Guggenheim Securities Co-Chair Jim Millstein said the US banking system is “pretty sound” in the wake of fresh turmoil at New York Community Bancorp, the lender hammered by a fresh stock rout after acknowledging weaknesses in how it tracks loan risks.

Treasury Yields Extend Slide Fueled by Weak Data, Fed Comments

US bond yields were near session lows in late US trading after weaker-than-expected economic data and comments by Federal Reserve officials in support of slowing the pace at which it’s shedding Treasury securities from its asset portfolio.

Nigeria’s Mega Refinery Seeks Oil Tanker as Market Tightens

Nigeria’s new mega refinery is taking steps to secure crude imports in the latest sign that the physical oil market is tightening.

Mondi Boosts Takeover Proposal for Packaging Rival DS Smith

Mondi Plc has increased its preliminary takeover offer for rival DS Smith Plc as it seeks to create one of the world’s largest packaging companies, people with knowledge of the matter said.

Essity Bondholders Want Money Back After Sending Default Notice

A group of bondholders in Essity AB are asking for their money back after arguing the Swedish personal care products maker has defaulted on its debt.

US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings

This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve’s interest-rate cuts.

Barclays Sees Demand for Commercial Paper Abating This Year

The robust demand for commercial paper of late is likely to be short-lived as the next round of money-market rules and a longer unwind of Federal Reserve’s balance-sheet unwind saps appetite for corporate IOUs, according to Barclays Plc.

What Economics Can Tell Us About Valuing Birds

OPEC Output Rises as Libya Recovers and Oil Supply Cuts Stagnate

OPEC increased oil production last month as Libya restarted its biggest field, while other members faltered in the delivery of new cutbacks.

Trudeau’s Long-Delayed Oil Pipeline Seeks First Crude Deliveries

Canada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp.

Capital Group’s Atluri Sees 5% Yields If Fed-Cut Bets Scrapped

Treasury yields could soon be heading back toward 5% if strong economic performance delays the Federal Reserve’s rate-cut plans, according to Capital Group Inc.’s Pramod Atluri.

Jain Global Hires Brookfield Alumnus for Equity Capital Markets

Bobby Jain’s hedge fund hired former Brookfield portfolio manager Nitin Dewan as head of equity capital markets, according to people familiar with the matter.