Penske Automotive press release ( PAG ): Q1 Non-GAAP EPS of $3.05 beats by $0.17 . Revenue of $7.86B (+3.4% Y/Y) beats by $150M . Record Retail Automotive Service and Parts Revenue Increases 4.6% to $864 Million More on Penske Automotive Penske Automotive Group, Inc. (PAG) Q4 2025 Earnings Call Transcript Penske Automotive Group, Inc. 2025 Q4 - Results - Earnings Call Presentation Penske Automotiv...
Penske Automotive press release ( PAG ): Q1 Non-GAAP EPS of $3.05 beats by $0.17 . Revenue of $7.86B (+3.4% Y/Y) beats by $150M . Record Retail Automotive Service and Parts Revenue Increases 4.6% to $864 Million More on Penske Automotive Penske Automotive Group, Inc. (PAG) Q4 2025 Earnings Call Transcript Penske Automotive Group, Inc. 2025 Q4 - Results - Earnings Call Presentation Penske Automotive Q1 2026 Earnings Preview Penske Automotive targets $2B in annualized revenue from Lexus acquisitions while realigning U.K. operations Seeking Alpha’s Quant Rating on Penske Automotive
It has been a bad six weeks for security firm Checmarx. Over the past 40 days, it has been the victim of at least one supply-chain attack that delivered malware to customers on two separate occasions. Now it has been hit by a ransomware attack from prolific fame-seeking hackers. The streak of misfortunes started on March 19, with the supply-chain attack of Trivy, a widely used vulnerability scanne...
It has been a bad six weeks for security firm Checmarx. Over the past 40 days, it has been the victim of at least one supply-chain attack that delivered malware to customers on two separate occasions. Now it has been hit by a ransomware attack from prolific fame-seeking hackers. The streak of misfortunes started on March 19, with the supply-chain attack of Trivy, a widely used vulnerability scanner. The attackers behind the breach first breached the Trivy GitHub account and then used their access to push malware to Trivy users, one of which was Checkmarx. The pushed malware scoured infected machines for repository tokens, SSH keys, and other credentials. Both a target and delivery mechanism Four days later, Checkmarx’s GitHub account was compromised and began pushing malware to the security firm’s users. The company contained and remediated the breach and replaced the malware with the legitimate apps. Or so Checkmarx thought. Read full article Comments
Bausch + Lomb press release ( BLCO ): Q1 Non-GAAP EPS of $0.05 in-line. Revenue of $1.24B (+8.8% Y/Y) beats by $20M . Adjusted EBITDA (non-GAAP) of $189 Million; Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP)1 of $200 Million Raising Full-Year 2026 Revenue and Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP) Guidance More on Bausch + Lomb Bausch + Lomb Corporation (BLCO) Discusses Glaucoma...
Bausch + Lomb press release ( BLCO ): Q1 Non-GAAP EPS of $0.05 in-line. Revenue of $1.24B (+8.8% Y/Y) beats by $20M . Adjusted EBITDA (non-GAAP) of $189 Million; Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP)1 of $200 Million Raising Full-Year 2026 Revenue and Adjusted EBITDA Excluding Acquired IPR&D (non-GAAP) Guidance More on Bausch + Lomb Bausch + Lomb Corporation (BLCO) Discusses Glaucoma Pipeline Focus With Updates on BL1107 and Elios Transcript Bausch + Lomb Corporation (BLCO) Discusses Glaucoma Pipeline Focus With Updates on BL1107 and Elios - Slideshow Bausch + Lomb Q4 Earnings Review: Still A Buy, With Some Caveats Bausch + Lomb unveils pivotal data for ELIOS System for glaucoma Bausch + Lomb outlines 2026 revenue target of $5.475B with margin expansion driven by dry eye growth
China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for mine...
China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for minerals during the 15th five-year plan period spanning 2026 to 2030. The message underscores Beijing’s...
Champions League semi-final first leg was described as ‘pure madness’ and ‘football in its finest essence’ French media were in thrall to a victory hailed as a milestone performance, calling Paris Saint-Germain’s 100th win in the Champions League as “one of the finest” in the club’s history. Bayern Munich will be hoping for a repeat of their goal bonanza when they host the holders in the semi-fina...
Champions League semi-final first leg was described as ‘pure madness’ and ‘football in its finest essence’ French media were in thrall to a victory hailed as a milestone performance, calling Paris Saint-Germain’s 100th win in the Champions League as “one of the finest” in the club’s history. Bayern Munich will be hoping for a repeat of their goal bonanza when they host the holders in the semi-final return leg next Wednesday, with Tuesday’s 5-4 loss in Paris breaking the competition record for most goals in a last-four game. Continue reading...
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market. Total mortgage application volume fell 1.6% last week compared with the previous week, according to t...
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market. Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.37% from 6.35%, with points remaining unchanged at 0.61, including the origination fee, for loans with a 20% down payment. Refinance demand, which is always most sensitive to daily moves in interest rates, fell 4% for the week and were 51% higher than the same week one year ago. Last year at this time, the rate on the 30-year fixed was about a half a percentage point higher. Get Property Play directly to your inbox CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today . Applications for a mortgage to purchase a home rose 1% for the week and were 21% higher year-over-year. More supply has come onto the market, and consumers appear to be getting used to the ever-changing news regarding the war with Iran. "After a brief pause, in part because of the elevated geopolitical uncertainties, potential homebuyers certainly appear to be moving forward this spring and taking advantage of the more favorable inventory conditions in most parts of the country," said Mike Fratantoni, MBA's chief economist. Mortgage rates moved higher to start this week, according to a separate survey from Mortgage News Daily. Investors are now eagerly awaiting the latest report from Federal Reserve Chairman Jerome Powell Wednesday, at what could be his last meeting as chair. Markets do not expect him ...
Blue Owl Capital Inc. , whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Shares of the alternative-asset manager have slumped some 40% year to date and recently touched an all-time low after the firm said it will limit...
Blue Owl Capital Inc. , whose battered stock has served as a proxy for concerns over the health of the $1.8 trillion private credit industry, will face fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings. Shares of the alternative-asset manager have slumped some 40% year to date and recently touched an all-time low after the firm said it will limit redemptions from two of its private credit funds following a surge in withdrawal requests. While worries over rising risks have hit the industry as a whole, Blue Owl has stood out as a target because of its elevated exposure to software companies that could be upended by artificial intelligence. Heading into earnings, investors will listen for what Blue Owl says about its ability to raise new funds, and how it addresses the wave of redemptions at its retail-focused vehicles, or business development companies, which had been a source of growth. Credit quality will also be in focus — from risks around its software holdings to its heavy involvement in data-center financings. “There’s a lot of ‘doomsday’ scenarios built into the stock’s current valuation,” said Raymond James analyst Wilma Burdis . “To the extent investors expect a big reputational hit, seeing continued good fundraising will be a positive,” she added. The company will release results before the market opens on Thursday. It’s expected to report assets under management of $316 billion and fee-related earnings of $384 million, both up from a year earlier, according to the average estimate of analysts surveyed by Bloomberg. Heading into earnings, the company has no sell ratings, with 11 buys and five holds, data compiled by Bloomberg show. On the firm’s February earnings call, Co-Chief Executive Officer Marc Lipschultz stated there were no “red flags” — or even “yellow flags” — in the firm’s technology loans. Investors will want an update. “Blue Owl’s commentary on private credit health and fundraising trends will ...
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced K2 Gold Corp (TSX-V: KTO; OTCQX: KTGDF), a North American mineral exploration company, has qualified to trade on the OTCQX® Best Market. K2 Gold Corp upgraded to OTCQX from the OTCQB® Venture Market.
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced K2 Gold Corp (TSX-V: KTO; OTCQX: KTGDF), a North American mineral exploration company, has qualified to trade on the OTCQX® Best Market. K2 Gold Corp upgraded to OTCQX from the OTCQB® Venture Market.
Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLa...
Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLane, on the Frontier supercomputer, one of the most advanced computing systems in the world.
RIDGEFIELD, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 27, 2026.
RIDGEFIELD, Conn., April 29, 2026 (GLOBE NEWSWIRE) -- The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canada, today reported financial results for its first quarter ended March 27, 2026.
EDMONTON, Alberta, April 29, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2026.
EDMONTON, Alberta, April 29, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended March 31, 2026.
First Quarter Net Revenues Increased by 35.3% Year-over-Year to RMB12.0 billion First Quarter Average Monthly Transacting Customers Increased by 25.3% Year-over-Year to 93.1 million 2,548 Net New Store Opening s; End ed Quarter with 33,596 Stores
First Quarter Net Revenues Increased by 35.3% Year-over-Year to RMB12.0 billion First Quarter Average Monthly Transacting Customers Increased by 25.3% Year-over-Year to 93.1 million 2,548 Net New Store Opening s; End ed Quarter with 33,596 Stores
PARSIPPANY, N.J., April 29, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) announced financial results for the first quarter ended March 31, 2026 today. We ended the quarter with revenues of $2.5 billion, a net loss of $234 million, and an Adjusted EBITDA 1 loss of $113 million.
PARSIPPANY, N.J., April 29, 2026 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. ( NASDAQ: CAR ) announced financial results for the first quarter ended March 31, 2026 today. We ended the quarter with revenues of $2.5 billion, a net loss of $234 million, and an Adjusted EBITDA 1 loss of $113 million.
MALMÖ, Sweden, April 29, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (publ) (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the first quarter ended March 31, 2026.
MALMÖ, Sweden, April 29, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (publ) (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the first quarter ended March 31, 2026.
EVERETT, Wash., April 29, 2026 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank segment ("community bank") with an industry leading banking as a service ("BaaS") segment ("CCBX"), today reported unaudited financial results ...
EVERETT, Wash., April 29, 2026 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank segment ("community bank") with an industry leading banking as a service ("BaaS") segment ("CCBX"), today reported unaudited financial results for the quarter ended March 31, 2026, including net income of $12.0 million, or $0.78 per diluted common share, compared to $12.6 million, or $0.82 per diluted common share, for the three months ended December 31, 2025 and $9.7 million, or $0.63 per diluted common share, for the three months ended March 31, 2025.
Investors should brace for a US stocks pullback and be ready to pounce when fear peaks as a powerful earnings backdrop collides with mounting risks, according to Morgan Stanley Investment Management’s Andrew Slimmon . While equities slipped Tuesday after a report that OpenAI missed internal sales targets raised fresh concerns about artificial intelligence spending, the S&P 500 Index is still on tr...
Investors should brace for a US stocks pullback and be ready to pounce when fear peaks as a powerful earnings backdrop collides with mounting risks, according to Morgan Stanley Investment Management’s Andrew Slimmon . While equities slipped Tuesday after a report that OpenAI missed internal sales targets raised fresh concerns about artificial intelligence spending, the S&P 500 Index is still on track for its best month in more than five years. His call comes at a critical juncture, with some of Wall Street’s largest technology companies, including Alphabet Inc. , Amazon.com Inc. and Microsoft Corp. , set to report results postmarket Wednesday. Resilient corporate earnings and hopes for a de-escalation in US-Iran tensions have fueled a blistering rally that lifted the benchmark nearly 10% — but left it dangerously overstretched. A measure of relative strength has reached overbought levels while investor positioning is modestly overweight, leaving equities vulnerable to a swift reversal. To Slimmon, much of the earnings optimism has already been priced in. Stocks, particularly the so-called Magnificent Seven, have rallied sharply, increasing the risk that even solid earnings may not be enough to keep propelling shares higher. “If unexpected bad news emerges, you could see some type of pullback or correction because positioning has become very aggressive,” Slimmon said in an interview. Such pullbacks, he said, are healthy in helping to reset overly bullish sentiment. He joins a growing list of market prognosticators — including Goldman Sachs Group Inc. ’s John Flood — in pointing out the odds of a flare-up of fear in equities creating a buying opportunity for investors. Still others on Wall Street are warning of a shaky foundation underlying the recent rally with only a handful of stocks responsible for the recent advances. Read More: Goldman’s Flood Says Brace for Near-Term Selloff, Buy Stocks Dip Slimmon advises investors to remain patient rather than add fresh capit...
Arlington Capital Partners has acquired nuclear engineering company Enercon from Oaktree Capital Management . The deal involves merging the company with Arlington’s more broadly focused engineering firm Pond & Co. and then operating under the Enercon name, Arlington said in a statement reviewed by Bloomberg News. The combined entity will have more than 2,700 professionals and its headquarters in t...
Arlington Capital Partners has acquired nuclear engineering company Enercon from Oaktree Capital Management . The deal involves merging the company with Arlington’s more broadly focused engineering firm Pond & Co. and then operating under the Enercon name, Arlington said in a statement reviewed by Bloomberg News. The combined entity will have more than 2,700 professionals and its headquarters in the Atlanta area. Arlington acquired the majority stake with a $1.25 billion equity investment, according to people familiar with the matter, who asked not to be identified discussing private information. A spokesperson for Arlington declined to comment on the size of the investment or Enercon’s valuation in the transaction. A representative for Oaktree didn’t immediately respond to a request for comment. Enercon provides specialized nuclear engineering and licensing support to commercial and federal customers, covering 90% of nuclear power plants in the US, according to the statement. Demand for nuclear power has grown with the rise of data centers and their need for new energy sources. The sector fits Arlington’s longtime focus on government-regulated industries, said Michael Lustbader , a managing partner at the private investment firm. This is “the beginning of a really large wave of nuclear, both at the large-scale level and the small modular reactors for each of the hyperscalers looking at their own ways to be able to use nuclear energy in order to fund their own individual data- and AI-related energy needs,” Lustbader said in an interview. “There is now widespread bipartisan support,” he said, including “obviously tremendous support from the Trump administration, and pretty much all of the bluest and blue states.” Bethesda, Maryland-based Arlington completed its acquisition of Pond earlier this year, according to a statement in January . Lustbader said the firm is “absolutely” looking at more acquisitions to add to the newly combined entity. While small reactors being...
MoonPay Inc. has acquired Sodot, an Israeli crypto security startup, as part of a plan by the crypto payments firm to launch a new unit focused exclusively on catering to institutional demand for digital assets. The new unit, known as MoonPay Institutional, will connect large traditional financial firms to a variety of crypto and blockchain services, including trading, tokenized securities, paymen...
MoonPay Inc. has acquired Sodot, an Israeli crypto security startup, as part of a plan by the crypto payments firm to launch a new unit focused exclusively on catering to institutional demand for digital assets. The new unit, known as MoonPay Institutional, will connect large traditional financial firms to a variety of crypto and blockchain services, including trading, tokenized securities, payments, wallet management and stablecoin issuance. It’ll be led by Caroline D. Pham , who joined the New York-based firm as its chief legal officer and chief administrative officer in December, after serving as acting chairman of the Commodity Futures Trading Commission throughout 2025. The all-stock transaction for Sodot, which closed this month, was worth around $100 million, according to people familiar with the matter who weren’t authorized to discuss non-public information. Pham declined to comment on the value of the transaction, as did a spokesperson for Sodot. “What we see right now is this really unique inflection point in the maturation of the digital asset ecosystem,” Pham said in an interview. Increased regulatory clarity — the US approved stablecoin regulation last year — and blockchain’s advances in reliability and security are making institutions more comfortable engaging with new areas like DeFi, she added. DeFi, once a speculative arena of double- and triple-digit yields, has declined in popularity as rates have fallen to match typical government bonds. But other areas are still piquing institutional interest. For example, futures contracts that track real-world assets like oil and gold without an expiry date — also known as perpetual futures — have soared, as the ongoing conflict in Iran creates demand for products that trade 24/7. Read More: A $285 Million Crypto Hack and Falling Rates Rock DeFi World (1) “You are going to see a convergence where you will see TradFi meets DeFi, but it has to be that TradFi meets DeFi in a controlled and regulated way,” said P...
Lea en español Concern is mounting once again in the bond market that Argentines are tiring of President Javier Milei and his radical economic reform agenda. Just six months after Milei’s party won a surprising victory in midterm elections, worries over his future have been reignited by polls showing his approval rating at its lowest since he took office almost two-and-a-half years ago. Approval o...
Lea en español Concern is mounting once again in the bond market that Argentines are tiring of President Javier Milei and his radical economic reform agenda. Just six months after Milei’s party won a surprising victory in midterm elections, worries over his future have been reignited by polls showing his approval rating at its lowest since he took office almost two-and-a-half years ago. Approval of the libertarian president fell to 35.5% in April, while disapproval climbed to 63%, according to LatAm Pulse, a survey conducted by AtlasIntel for Bloomberg News. Those figures stood at 44% and 51.6% respectively at the start of the year. Sovereign local-law dollar notes due in October 2028 — 12 months after Argentina’s next presidential election — now yield 8.3%, a whopping 360 basis points more than similar bonds due in October 2027 . The cost of insuring against default in Argentina shows a similar pattern, jumping the further beyond the next election they go. For investors, the risk is a shift back to policies seen as less supportive of fiscal discipline, market access and private investment. “Electoral risk is evident across the curve, and the 2028 bond in particular is being dragged by that,” said Alejo Costa , head of economics and strategy at Buenos Aires-based brokerage Max Capital. That risk has a name in local markets — Kuka, a mix of Kirchner, the surname of two former presidents, and the Spanish word for cockroach, cucaracha . It refers to the interventionist and populist policies that shaped much of the past two decades, including tighter currency and capital controls, regulated prices, higher public spending and a more unpredictable policy framework. “I believe the Kuka risk is zero,” Economy Minister Luis Caputo told investors Tuesday. “There is no danger of returning to the past.” But the market begs to differ. The higher premium investors are demanding to remain exposed beyond Milei’s current term is also visible in inflation-linked peso bonds. In that s...
Rowan Jordan/iStock via Getty Images Investment Rating Update - "Buy" I covered Vistance Networks, Inc. ( VISN ) when it was still known as CommScope (the company rebranded on January 14, 2026). VISN has finally sold its Connectivity and Cable Solutions segment to Amphenol, and yesterday, we could have seen the dividend payout to shareholders, which is why the stock price closed almost 50% lower o...
Rowan Jordan/iStock via Getty Images Investment Rating Update - "Buy" I covered Vistance Networks, Inc. ( VISN ) when it was still known as CommScope (the company rebranded on January 14, 2026). VISN has finally sold its Connectivity and Cable Solutions segment to Amphenol, and yesterday, we could have seen the dividend payout to shareholders, which is why the stock price closed almost 50% lower on the day. Seeking Alpha Most people knew about the special dividend and that it would come at some point, but I assume many investors might be wondering now, “What comes next for VISN now that the dividend has already been paid?” In my opinion, VISN is likely to start its gradual recovery process from here as the remaining business keeps gaining traction. I’m not suggesting that the whole 50% move down will be recovered shortly, but for what it’s worth, and for the catalysts now embedded in their Aurora Networks (formerly Access Network Solutions) and RUCKUS Networks segments, the stock looks quite cheap to me. I expect that in the next earnings call that should take place on April 30 th (pre-market, according to Seeking Alpha ), the management will lay out the new development path and provide some guidance that will be enough to calm down some worrying shareholders. In my article, I’ll dedicate some time to earnings preview to assess what’s in the current consensus estimates ahead of the print. Overall, I remain bullish on VISN after yesterday's post-dividend slump. VISN's Vision Following The Restructuring A few words about the mechanics of yesterday's correction. Yesterday was the ex-dividend date for Vistance's massive $10.00 per share special cash distribution, so the fact that VISN lost $9.63 on the day points to a bullish momentum. The stock exchange automatically extracts the dividend sum directly from the stock price level. But right after the drop, market participants started actively buying the dip, so adjusting for the payout, VISN actually closed higher yester...
PM Images/DigitalVision via Getty Images By Timothy Rahill , Credit Strategist | Jeroen van den Broek , Global Head of Sector Research Spreads have retraced fully despite lingering uncertainty One could argue that the reaction in credit has been somewhat muted to the conflict in the Middle East. There was some widening in the initial weeks, but this was not a significant sell-off, with only 10-15b...
PM Images/DigitalVision via Getty Images By Timothy Rahill , Credit Strategist | Jeroen van den Broek , Global Head of Sector Research Spreads have retraced fully despite lingering uncertainty One could argue that the reaction in credit has been somewhat muted to the conflict in the Middle East. There was some widening in the initial weeks, but this was not a significant sell-off, with only 10-15bp widening across the EUR Investment Grade. Since the announcement of a ceasefire, spreads have retraced fully and are actually sitting tighter than before the conflict in many sectors, despite uncertainty still very much at the forefront. The more notable rise in swap rates over the past two months has resulted in additional demand for credit, as yields have increased. At this moment, the additional yield on offer within credit is some 50-60bp extra compared to before the conflict. Meanwhile, primary markets weren’t exactly closed either. There was some slowdown, but overall many deals were still completed, particularly on the corporate side. It did come with a touch more new issue premium (NIP) being demanded from investors, as the average NIPs moved up from 0-5bp to 5-10bp. The modest widening and subsequent retracement were rather uniform across the different sectors. Some sectors are seeing a touch of underperformance (and/or a lag in retracement), but it is marginal, in the likes of autos, some consumers and real estate. Three scenarios for credit Source: ING What happens to credit under the three scenarios? Within our report ' Three scenarios for energy, central banks, rates and FX markets ,' the potential outcomes of the conflict are outlined. The base case scenario is for talks to drag on, but a deal will ultimately be reached, with a one-off rate hike in June from the European Central Bank. In this scenario, it's somewhat par for the course for credit. Spreads will remain on the tight side, with very strong demand and busy primary markets – the "just right" Goldil...
The typical American side hustle brings in $1,275 a month. Michael Strahl says he makes more than seven times that amount on average thanks to the Amazon Influencer program.
The typical American side hustle brings in $1,275 a month. Michael Strahl says he makes more than seven times that amount on average thanks to the Amazon Influencer program.