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
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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
RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
RBC Capital Markets raised its year-end target for the S&P 500 on Friday, citing resilient earnings growth and continued strength in artificial intelligence-linked sectors. The Canadian brokerage increased its target for the benchmark index to 7,900 from 7,750. The revised forecast implies a 7.7% upside from Thursday’s closing level of 7,335.66. The move comes as… Continue reading RBC lifts year-end S&P 500 forecast as AI sectors fuel rally
European markets slide amid rising oil prices and tariff concerns
European shares traded lower on Friday as escalating tensions between the United States and Iran pushed oil prices higher and weakened hopes for a near-term diplomatic resolution to the conflict. The pan-European STOXX Europe 600 fell 0.8% to 611.69 points as of 0703 GMT. Major regional indexes also moved lower, with Germany’s DAX down 0.9%… Continue reading European markets slide amid rising oil prices and tariff concerns
USD/MXN forecast after the final Mexico Central Bank rate cut
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico interest rates decision. US non-farm… Continue reading USD/MXN forecast after the final Mexico Central Bank rate cut
Top FTSE 100 and 250 shares to watch: Burberry, ITV, Vodafone, BT, National Grid
The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings. This article looks at some of the top FTSE 100 and FTSE 250 shares to… Continue reading Top FTSE 100 and 250 shares to watch: Burberry, ITV, Vodafone, BT, National Grid
Asian stock markets dip as geopolitical risks weigh on investors
Asian stock markets eased slightly on Friday after a week of strong gains driven by chipmakers and artificial intelligence-linked stocks, while oil prices surged following renewed military exchanges between the United States and Iran. MSCI’s broadest index of Asian shares outside Japan fell 0.8%, though the regional benchmark still remained near record highs after a… Continue reading Asian stock markets dip as geopolitical risks weigh on investors