Intesa Sanpaolo beat first-quarter expectations, with stronger fees and a sharp rise in trading income helping Italy’s biggest bank offset softer lending trends and keep its annual profit target intact. ISP stock fell about 2% after the results as investors weighed the outlook for lending income in a lower-rate environment. The lender reported net income… Continue reading Intesa stock falls 2% after earnings beat: should investors worry?
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Micron up 600%, SanDisk up 3,350%: which stock should you buy?
Memory chips have quietly become one of the market’s hottest AI trades. Micron Technology (NASDAQ: MU) is now worth about $738 billion, while SanDisk (NASDAQ: SNDK), which completed its separation from Western Digital in February, has a market value of roughly $210 billion. Both stocks have ripped higher because AI data centers need more than… Continue reading Micron up 600%, SanDisk up 3,350%: which stock should you buy?
Dow futures rise 156 points: 5 things to know before market opens
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
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