US equity futures pointed to a firmer open on Friday, as investors weighed a deliberately restrained American military response to Iran’s downing of a US drone against the prospect of a significant slowdown in April hiring. S&P 500 and Nasdaq 100 futures edged higher, while Dow futures gained 156 points in early trading. The White… Continue reading Dow futures rise 156 points: 5 things to know before market opens
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London stocks slip as Middle East ceasefire doubts hit sentiment
The UK’s benchmark FTSE 100 index edged lower on Friday as renewed tensions in the Gulf unsettled global markets, while investors also assessed early local election results that showed heavy losses for Prime Minister Keir Starmer’s Labour Party. The blue-chip FTSE 100 index fell 0.1% to 10,261.38 points by 0947 GMT and was on track… Continue reading London stocks slip as Middle East ceasefire doubts hit sentiment
Investor sues Blue Owl adviser over fund valuations, fees
An investor in one of Blue Owl Capital’s private credit funds has filed a lawsuit in New York, accusing the firm’s investment adviser of breaching fiduciary duties by inflating asset values to extract excessive fees. The complaint, filed Monday in the US District Court in Manhattan, was brought by Richard Delman, a shareholder in Blue… Continue reading Investor sues Blue Owl adviser over fund valuations, fees
North American pension funds stick with private credit bets despite risks
Several major North American pension systems are maintaining their exposure to private credit investments despite increasing stress within the sector, as per a Reuters report. Among them, the California State Teachers’ Retirement System continues to hold positions in private credit funds, including those managed by Blue Owl Capital Inc. According to LSEG data cited by… Continue reading North American pension funds stick with private credit bets despite risks
US credit markets flash warning signs as Iran war risks deepen
A prolonged conflict in the Middle East is beginning to ripple through US short-term credit markets, with early signs of strain emerging in key funding channels. Short-term credit spreads have widened in recent weeks, reflecting growing investor unease about a drawn-out war and a broader shift toward risk aversion. Analysts say the changes, while still… Continue reading US credit markets flash warning signs as Iran war risks deepen
Why Blue Owl stock is sinking around 8% today
Blue Owl said in shareholder letters issued Thursday that its flagship Blue Owl Credit Income Corp. (OCIC), which manages about $36 billion in assets, received redemption requests equivalent to 21.9% of its outstanding shares in the first quarter. Its smaller, technology-focused fund, OTIC, saw even higher demand for withdrawals at 40.7%. In both cases, the… Continue reading Why Blue Owl stock is sinking around 8% today
Amazon cloud outage impacts crypto and derivatives trading services
Amazon’s cloud computing division experienced an outage at one of its northern Virginia data centre zones on Thursday, disrupting services for several major platforms, including cryptocurrency exchange Coinbase and derivatives marketplace CME Group. While it was not immediately clear whether the issues affecting AWS and CME were directly connected, Coinbase confirmed that problems on its… Continue reading Amazon cloud outage impacts crypto and derivatives trading services
Titan reports lower-than-expected Q4 profit amid higher gold prices
Titan Company Ltd reported fourth-quarter profit below market expectations on Tuesday, as rising costs offset strong demand for gold ornaments and coins during the quarter ended March 31. The company, which operates jewellery brands including Tanishq and CaratLane, posted a profit of 11.79 billion rupees ($124.60 million), compared with 8.71 billion rupees reported a year… Continue reading Titan reports lower-than-expected Q4 profit amid higher gold prices
HSBC says China software stocks will benefit from AI adoption: here’s top picks
China’s software sector is likely to emerge as a major beneficiary of the rapid adoption of artificial intelligence, according to analysts at HSBC, who said concerns that AI could undermine traditional software firms now appear overdone. In a research note released Thursday, HSBC analysts Yiran Liu and Heng Zhang argued that fears surrounding large language… Continue reading HSBC says China software stocks will benefit from AI adoption: here’s top picks