A Bank of America Corp. investment-grade bond sale got underway on Thursday, adding to a bevy of offerings by major Wall Street lenders this week. The offering is in as many as five parts, ranging in maturity from four to 11 years, according to a person with direct knowledge of the matter. The longest tranche, a subordinated note, is offered at a premium of about 1.40 percentage point to Treasurie...
A Bank of America Corp. investment-grade bond sale got underway on Thursday, adding to a bevy of offerings by major Wall Street lenders this week. The offering is in as many as five parts, ranging in maturity from four to 11 years, according to a person with direct knowledge of the matter. The longest tranche, a subordinated note, is offered at a premium of about 1.40 percentage point to Treasuries, according to the person, who asked not to be identified because discussions are private. Proceeds of the deal are for general corporate purposes, said the person. The second-largest US bank raised $7 billion via a high-grade debt sale in early February. This week’s projected $40 billion of investment-grade bond sales has already been surpassed, led by Wall Street banks. Goldman Sachs Group Inc. kicked off the sector’s latest round of deals on Monday, followed by JPMorgan Chase & Co. and Morgan Stanley . So far, the group has raised a combined $26.5 billion following their earnings reports. Bank of America’s quarterly results beat estimates after its equity-trading unit delivered record revenue, with market volatility driving earnings to a near two-decade high.
rlesyk/iStock via Getty Images Investment Thesis Let me start by saying that I am reiterating Barrick Mining ( B ) with a Strong Buy. And this time, I am doing so but for a different reason. In my previous piece , I said that Barrick checked all my boxes. Well, I still believe so. The difference now is that the next leg of upside does not need to come from another Fourmile headline. Or from a fres...
rlesyk/iStock via Getty Images Investment Thesis Let me start by saying that I am reiterating Barrick Mining ( B ) with a Strong Buy. And this time, I am doing so but for a different reason. In my previous piece , I said that Barrick checked all my boxes. Well, I still believe so. The difference now is that the next leg of upside does not need to come from another Fourmile headline. Or from a fresh gold spike alone. B has now moved from talking about value creation to actively preparing for it. And I say this because B's board has decided to move forward with preparations for an IPO of Barrick's North American gold assets. The proposed NewCo is expected to be anchored by Nevada Gold Mines, Pueblo Viejo and Barrick's wholly owned Fourmile discovery. All this while Barrick keeps a controlling interest. In my opinion, this move changes the valuation story in a big way. This is because the market usually discounts complexity. And Barrick is finally giving investors a cleaner way to price its best neighborhood. This is why I think my current thesis is even stronger today than it was in the prior article. Since later 2025, Barrick has been advancing the North America IPO plan. It has also resolved its dispute with Mali and also restarted the path forward with Loulo Gounkoto. I also note that B has formalized dividend framework that targets 50% of attributable FCFs. And this can be evidenced by the $0.42 dividend that it recently announced. As if that is not enough, the company has also repurchased $1.5 Bn worth of stock. This is after finishing the year with $6.7Bn in cash and a $2Bn in net cash position. In my view, this is a company with a strong balance sheet, a visible catalyst and enough cash generation to keep rewarding shareholders while the market catches up. I am saying this because mining investors do not get to eat today and still keep dessert for later. But for Barrick, it is one of the rare cases where that is happening. Given that I discussed the business pr...
Jenny Johnson, Franklin Templeton CEO, says companies need to embrace new technology such as artificial intelligence. She also talks about the importance of securing core data, the state of the consumer and oil prices. She speaks on "Bloomberg Surveillance" live in Washington. (Source: Bloomberg)
Jenny Johnson, Franklin Templeton CEO, says companies need to embrace new technology such as artificial intelligence. She also talks about the importance of securing core data, the state of the consumer and oil prices. She speaks on "Bloomberg Surveillance" live in Washington. (Source: Bloomberg)
Bob Lee, a beloved tech executive best known for creating Cash App, was found stabbed in the streets of San Francisco. His death set off a wave of online fury. Rumors and misinformation ran rampant, with tech leaders like David Sacks and Elon Musk loudly disparaging the city for out of control crime. What really happened? Listen to Foundering. (Source: Bloomberg)
Bob Lee, a beloved tech executive best known for creating Cash App, was found stabbed in the streets of San Francisco. His death set off a wave of online fury. Rumors and misinformation ran rampant, with tech leaders like David Sacks and Elon Musk loudly disparaging the city for out of control crime. What really happened? Listen to Foundering. (Source: Bloomberg)
Sharp swings in stock prices are often a signal of investor uncertainty and volatility. It's not until things settle down and stocks establish some price direction that we can get a sense of whether it's recovery or reaction. The STOXX Europe 600 index just had one of those stretches. After declining around 12% over a roughly one-month period, the index shot higher by 3.9% on April 8. As of April ...
Sharp swings in stock prices are often a signal of investor uncertainty and volatility. It's not until things settle down and stocks establish some price direction that we can get a sense of whether it's recovery or reaction. The STOXX Europe 600 index just had one of those stretches. After declining around 12% over a roughly one-month period, the index shot higher by 3.9% on April 8. As of April 14, the index is back to within 2% of its highs. Which one is more reflective of the state of the markets, the sharp decline or the quick recovery? If it's the latter, is this a sustainable uptrend? Continue reading
East 72 Dynasty Trust underperformed its benchmark in the first quarter of 2026, posting a -4.62% return compared with an approximately -1.2% decline in the MSCI EAFE Index. During Q1 2026, the fund exited several positions, including Carlyle Group (NASDAQ: CG ) , Vivendi ( VIVHY ) , Nelnet (NYSE: NNI ) , Tetragon Financial Group ( TGONF ) , Douglas Group, and First Pacific ( FPAFY ). Source . Mor...
East 72 Dynasty Trust underperformed its benchmark in the first quarter of 2026, posting a -4.62% return compared with an approximately -1.2% decline in the MSCI EAFE Index. During Q1 2026, the fund exited several positions, including Carlyle Group (NASDAQ: CG ) , Vivendi ( VIVHY ) , Nelnet (NYSE: NNI ) , Tetragon Financial Group ( TGONF ) , Douglas Group, and First Pacific ( FPAFY ). Source . More on Carlyle, Vivendi SE, etc. First Pacific Company Limited (FPAFY) Q4 2025 Earnings Call Transcript First Pacific Company Limited 2025 Q4 - Results - Earnings Call Presentation Carlyle Group: Private Credit Fears Create Opportunity (Upgrade) Carlyle's private credit fund becomes the latest to see surge in redemption requests Lawmakers probe Blackstone, Ares and peers over private credit practices: report
The EPA has exempted dozens of medical sterilizing facilities from complying with Biden-era rules for ethylene oxide, a carcinogen. Now it plans to ease those rules permanently. Bloomberg's Leslie Kaufman reports. (Source: Bloomberg)
The EPA has exempted dozens of medical sterilizing facilities from complying with Biden-era rules for ethylene oxide, a carcinogen. Now it plans to ease those rules permanently. Bloomberg's Leslie Kaufman reports. (Source: Bloomberg)
Moft squeezes even more functionality into its folding MagSafe wallet. | Image: Moft Moft's MagSafe wallets have long been overachievers with folding designs that double as smartphone stands. Its latest creation, the Moft Trackable Tripod Wallet, does even more. It carries forward the same functionality as Moft's original magnetic wallet that unfolds into a miniature tripod, but adds built-in trac...
Moft squeezes even more functionality into its folding MagSafe wallet. | Image: Moft Moft's MagSafe wallets have long been overachievers with folding designs that double as smartphone stands. Its latest creation, the Moft Trackable Tripod Wallet, does even more. It carries forward the same functionality as Moft's original magnetic wallet that unfolds into a miniature tripod, but adds built-in tracking capabilities through Apple's Find My network, and a wireless remote for your phone's shutter button, for just $10 more. The Trackable Tripod Wallet is now available for preorder through Moft's online store for $59.99, with shipping expected to start in late April. At 10mm it's about a millimeter thicker than the previous versi … Read the full story at The Verge.
(RTTNews) - Walmart Inc. (WMT), the American retail giant, Thursday announced that it is making investments in its stores across the United States, hoping to create jobs, help strengthen local economies, and make shopping faster and more convenient for its customers.
(RTTNews) - Walmart Inc. (WMT), the American retail giant, Thursday announced that it is making investments in its stores across the United States, hoping to create jobs, help strengthen local economies, and make shopping faster and more convenient for its customers.
SEATTLE, April 16, 2026 (GLOBE NEWSWIRE) -- Envorso, a technology consulting firm serving leading tech, automotive, and mobility companies such as Nvidia, Qualcomm, Bosch, Stellantis and Rivian, today announced that Florian Frischmuth has joined the firm as Vice President of Digital Engineering. In this role, Frischmuth will help clients accelerate their transition to their shift toward a software...
SEATTLE, April 16, 2026 (GLOBE NEWSWIRE) -- Envorso, a technology consulting firm serving leading tech, automotive, and mobility companies such as Nvidia, Qualcomm, Bosch, Stellantis and Rivian, today announced that Florian Frischmuth has joined the firm as Vice President of Digital Engineering. In this role, Frischmuth will help clients accelerate their transition to their shift toward a software-first approach. Frischmuth brings more than 30 years of experience leading complex, global engineer
Typically, when a company spends billions of dollars on an acquisition, its share price takes at least a short-term hit. No matter the asset's value or potential, any price tag in the 10-figure-plus range raises concerns about affordability. How will the company pay for it without taking on mountains of debt? Then again, most companies aren't Eli Lilly (NYSE: LLY) . At the end of March, the elepha...
Typically, when a company spends billions of dollars on an acquisition, its share price takes at least a short-term hit. No matter the asset's value or potential, any price tag in the 10-figure-plus range raises concerns about affordability. How will the company pay for it without taking on mountains of debt? Then again, most companies aren't Eli Lilly (NYSE: LLY) . At the end of March, the elephant of the U.S. pharmaceutical sector announced a deal worth over $6 billion, and its stock jumped in response. Let's look at Lilly's latest big-ticket asset buy, and why the market's reaction was so positive. Image source: Getty Images. Continue reading
SELECT by DoiT, the data platform optimization company purpose-built to help engineering and data teams optimize cloud data platform spend, today announced plans for an automated cost observability and optimization platform for Google BigQuery, alongside the launch of an Early Access Program now open at select.dev. The announcement coincides with Google Cloud Next 2026 in Las Vegas, where attendee...
SELECT by DoiT, the data platform optimization company purpose-built to help engineering and data teams optimize cloud data platform spend, today announced plans for an automated cost observability and optimization platform for Google BigQuery, alongside the launch of an Early Access Program now open at select.dev. The announcement coincides with Google Cloud Next 2026 in Las Vegas, where attendees can see live demos of the product at the DoiT booth.
Alphotographic Elias Haddad, global head of markets strategy at Brown Brothers Harriman, expects an acceleration in the “gradual erosion” of the U.S. dollar’s ( DXY ) dominance, though he does not foresee the greenback losing its status as the world’s primary reserve currency. In an interview with CNBC, Haddad identified three structural drags weighing on the currency: fading confidence in U.S. tr...
Alphotographic Elias Haddad, global head of markets strategy at Brown Brothers Harriman, expects an acceleration in the “gradual erosion” of the U.S. dollar’s ( DXY ) dominance, though he does not foresee the greenback losing its status as the world’s primary reserve currency. In an interview with CNBC, Haddad identified three structural drags weighing on the currency: fading confidence in U.S. trade and security policies, a lack of U.S. fiscal credibility, and “ongoing politicization of the Fed.” Despite these headwinds, Haddad emphasized that no viable alternative exists to challenge the dollar’s supremacy. “There’s just no other currency that comes close to the dollar’s dominance, whether it’s as a unit of account, a means of payment, or even as a store of value,” he said. While the Eurozone is becoming more integrated through the issuance of common debt, progress remains slow. Current market data suggests continued demand for dollar-denominated assets despite the erosion narrative. Haddad noted that the dollar’s share of central bank reserves has actually increased slightly since last year, and the latest Treasury International Capital data from February shows foreigners “piling up in record amounts in U.S. long-term securities.” The strategist also pointed to diverging currency interests between the U.S. and China as a factor that could support dollar weakness. The Trump administration’s goal of boosting domestic manufacturing and narrowing the trade deficit would benefit from a weaker currency, while China needs a stronger renminbi ( SPCBCNY ) to shift its economy from investment toward household consumption. Haddad cautioned that any meaningful shift away from dollar dominance would unfold over decades rather than overnight. He compared the current situation to the British pound’s ( FXB ) decline, which took 20 to 30 years after World War I despite Britain’s peak relative economic outperformance. “The stage is set for this gradual erosion,” Haddad said, descr...