JPMorgan Chase & Co. plans to add Saudi Arabia’s local-currency bonds to its widely followed benchmark emerging-market index in early 2027, a move that would help the kingdom attract more foreign portfolio investment and fund its economic transformation plan. The notes will be phased into JPMorgan’s Government Bond Index-Emerging Markets gradually, starting on Jan. 29 and eventually reaching a wei...
JPMorgan Chase & Co. plans to add Saudi Arabia’s local-currency bonds to its widely followed benchmark emerging-market index in early 2027, a move that would help the kingdom attract more foreign portfolio investment and fund its economic transformation plan. The notes will be phased into JPMorgan’s Government Bond Index-Emerging Markets gradually, starting on Jan. 29 and eventually reaching a weighting of 2.52%, the Wall Street bank said Wednesday in a note. JPMorgan Considers Adding Saudi Riyal Bonds to Key EM Index Saudi Arabia Plans Updated Strategy for Vision 2030 Overhaul Saudi’s MBS Unleashes Months of Reforms to Draw More FDI The move should boost the liquidity of Saudi government securities and attract more passive funds, which often track indexes such as JPMorgan’s. That would be a positive for the kingdom, as it spends hundreds of billions of dollars on Crown Prince Mohammed bin Salman ’s Vision 2030 diversification plan. Higher inflows to local bonds would also help the government navigate the economic fallout from the Iran war, which saw the Islamic Republic fire drones and missiles at Saudi Arabia in response to US and Israeli attacks. “The news accompanies government efforts to open new avenues to finance the country’s growing funding needs,” said Mohamed Abu Basha , head of macroeconomic analysis at EFG Hermes . “It forms one more step to attract much needed foreign capital, this time into the local debt market.” Still, given the country’s elevated financing needs amid its ambitious growth plans, yields may have to rise further to attract broader foreign investors, Abu Basha said. Saudi Finance Minister Mohammed Al-Jadaan said the move “reflects the market’s sustained confidence in our economic transformation, and marks another major milestone in integrating Saudi Arabia to global capital markets.” “It will contribute towards broadening and diversifying our investor base, while supporting more long-term capital flows into the Saudi debt market,” he t...
Douglas Rissing/iStock via Getty Images Warsh Confirmation Hearing At his Senate Banking Committee confirmation hearing yesterday, Kevin Warsh finally had an opportunity to speak publicly about how he would lead the Fed for the first time since he was chosen in January as President Trump’s Fed Chair Nominee. In fact, it was Warsh’s first public comments in 5 months, following his November 2025 Wal...
Douglas Rissing/iStock via Getty Images Warsh Confirmation Hearing At his Senate Banking Committee confirmation hearing yesterday, Kevin Warsh finally had an opportunity to speak publicly about how he would lead the Fed for the first time since he was chosen in January as President Trump’s Fed Chair Nominee. In fact, it was Warsh’s first public comments in 5 months, following his November 2025 Wall Street Journal Opinion Article entitled “The Federal Reserve’s Broken Leadership.” Warsh was questioned by the senators for over 2 ½ hours, and covered a wide variety of topics, ranging from the impact of AI on the economy, digital assets, affordability, the size of the Fed balance sheet and most importantly, Fed independence. What we learned is that, when confirmed, Kevin Warsh will be a different type of Fed Chair. Regime Change From his first answer, Warsh was critical of the errors the Fed has made over the past several years. Focusing on inflation, he noted that post-covid “prices went up to the tune of 25% to 35% for virtually all deciles of Americans, and that is an indication that the Fed missed its mark. We are still dealing with the policy errors in 2021 and 2022. Once you let inflation take hold of the economy, it is more expensive and harder to bring down…We need fundamental policy reforms to fix it…that means a Regime Change in the conduct of policy.” No, he is not looking for a change in personnel, but in how the Fed uses the tools at its disposal to make changes in monetary policy. Warsh stated “the Fed has an interest rate tool and a balance sheet tool, and my view is that the interest rate tool gets in the cracks, it’s fairer. The balance sheet tool, disproportionally, helps those with financial assets. The interest rate tool hits the entire economy. So we need a new framework, new tools.” In addition, Warsh felt that the Fed’s current communication strategy is part of the reason for the policy errors. “The Fed gives forward guidance. The Fed tells the wh...
Amazon's One Medical business (AMZN) has launched its own nationwide program to allow access to GLP-1 weight-loss drugs. Market Domination Host Josh Lipton and Yahoo Finance Senior Reporter Brooke DiPalma examine Amazon's new push for personalized treatment plans.
Amazon's One Medical business (AMZN) has launched its own nationwide program to allow access to GLP-1 weight-loss drugs. Market Domination Host Josh Lipton and Yahoo Finance Senior Reporter Brooke DiPalma examine Amazon's new push for personalized treatment plans.
What is the Tesla Semi worth in a $100 oil world? The total volume of semi-trucks sold in the U.S and Europe each year is closer to 500,000. “Unsurprisingly [higher oil] dramatically improves relative total cost of ownership and may drive incremental demand (albeit with all the usual caveats),” wrote Bernstein analyst Harry Martin in a recent report.
What is the Tesla Semi worth in a $100 oil world? The total volume of semi-trucks sold in the U.S and Europe each year is closer to 500,000. “Unsurprisingly [higher oil] dramatically improves relative total cost of ownership and may drive incremental demand (albeit with all the usual caveats),” wrote Bernstein analyst Harry Martin in a recent report.
franckreporter/iStock via Getty Images A Short Recap On Private Credit I started to be interested in the world of private credit back in December 2025, when I initiated Blue Owl Capital ( OWL ) with a 'Sell' rating. As a reminder, Blue Owl was the first alternative asset manager to limit withdrawals on one of its private credit funds in November 2025, just a few weeks after the high-profile collap...
franckreporter/iStock via Getty Images A Short Recap On Private Credit I started to be interested in the world of private credit back in December 2025, when I initiated Blue Owl Capital ( OWL ) with a 'Sell' rating. As a reminder, Blue Owl was the first alternative asset manager to limit withdrawals on one of its private credit funds in November 2025, just a few weeks after the high-profile collapses of the automotive parts manufacturer First Brands and the subprime auto lender Tricolor in mid-September 2025. The situation escalated once again in February 2026 when Blue Owl limited withdrawals on additional funds , including a non-traded business development company called Blue Owl Capital Corp II. This prompted me to reiterate my 'Sell' rating just a few days later, towards the end of February 2026. At the time, we were also in the midst of the ' SaaS-pocalypse ' as market participants started to fear the impact of artificial intelligence on traditional enterprise software companies. As many of you already know, this is a market segment that has received a tremendous amount of capital from private credit firms over the years. Once again, market sentiment changed, and what was once viewed as highly attractive was now aggressively sold. After multiple negative material developments, Blue Owl's share price is down by ~30% since my initial coverage. While it may look like a compelling buying opportunity to some, my perspective is different, as I believe we might be in the early stages of a credit downcycle. Blue Owl Capital Historical Coverage (Seeking Alpha, David Desjardins) Private credit woes escalated once again in March 2026 when a plethora of firms announced redemption restrictions. Instead of cooling off, withdrawal requests were accelerating and had become widespread across the private credit ecosystem. This is when I decided to research Ares Management ( ARES ) and its associated business development company called Ares Capital ( ARCC ). Being already familia...
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
On a recent episode of her Women & Money podcast, Suze Orman fielded a listener letter from someone named Rachel worried her portfolio was too concentrated. Orman’s response cut straight to the point: “Put 50% of your money in VOO, then buy Nvidia, AMD, Palantir, IONQ.” The advice is blunt, memorable, and worth taking seriously ... Suze Orman Says Put 50% in VOO. Here’s Why She’s Right
On a recent episode of her Women & Money podcast, Suze Orman fielded a listener letter from someone named Rachel worried her portfolio was too concentrated. Orman’s response cut straight to the point: “Put 50% of your money in VOO, then buy Nvidia, AMD, Palantir, IONQ.” The advice is blunt, memorable, and worth taking seriously ... Suze Orman Says Put 50% in VOO. Here’s Why She’s Right
Earnings Call Insights: BankUnited (BKU) Q1 2026 Management View "Earnings for the first quarter came in at $62 million. EPS was $0.83... NIM was at 2.99%... PPNR was $106 million" (Chairman, President & CEO Raj Singh). "Non-brokered deposits grew $277 million... So net growth was about $7 million" and over the last 12 months "non-brokered deposits grew by $1.4 billion, NIDDA grew by $875 million"...
Earnings Call Insights: BankUnited (BKU) Q1 2026 Management View "Earnings for the first quarter came in at $62 million. EPS was $0.83... NIM was at 2.99%... PPNR was $106 million" (Chairman, President & CEO Raj Singh). "Non-brokered deposits grew $277 million... So net growth was about $7 million" and over the last 12 months "non-brokered deposits grew by $1.4 billion, NIDDA grew by $875 million" (Chairman, President & CEO Singh). "We made a lot of progress on credit this quarter. NPLs were down $98 million, that's 26%. And criticized and classifieds were down $146 million or 12%... Our coverage ratio of ACL to NPLs improved from 59% to 76%" (Chairman, President & CEO Singh). "We did use $8 million in qualitative factors in our provisioning" tied to uncertainty as "the geopolitical landscape has changed" (Chairman, President & CEO Singh). "We did buy back 1.3 million shares... we still have just a hair under $200 million in dry powder left" (Chairman, President & CEO Singh). "Our average cost of deposits declined by 6 basis points from the previous quarter from 2.18% to 2.12%" and for Q2 deposits "we have a high level of conviction around very strong deposit growth and NIDDA growth" (Chief Operating Officer Thomas Cornish). "NII was up $16 million or 7% from a year ago" and "our allowance for credit losses was $209 million" with "provision expense... elevated at $25 million" (Chief Financial Officer James Mackey). Outlook "Lastly, guidance, no change to guidance. So what we gave you stays" (Chairman, President & CEO Singh). "Our risk to our guidance, it comes from market competitiveness, especially on the lending spread side" and "If you miss our NIDDA guidance... that will obviously be the single largest driver" (Chairman, President & CEO Singh). "We're still sticking with the guidance that we provided for the full year" and "more of that $68 million would be front-end loaded versus the back end" (Chief Financial Officer Mackey). "We are not changing our full year...
Earnings Call Insights: Agree Realty (ADC) Q1 2026 Management View "I'm extremely pleased with our performance to start the year as we have continued to execute on all fronts." (President, CEO & Director Joey Agree) "During the quarter, we invested nearly $425 million across our 3 external growth platforms" and completed "$403 million of acquisitions" at a "weighted average cap rate of 7.1%" with ...
Earnings Call Insights: Agree Realty (ADC) Q1 2026 Management View "I'm extremely pleased with our performance to start the year as we have continued to execute on all fronts." (President, CEO & Director Joey Agree) "During the quarter, we invested nearly $425 million across our 3 external growth platforms" and completed "$403 million of acquisitions" at a "weighted average cap rate of 7.1%" with a "weighted average lease term of 11.3 years." (President, CEO & Director Agree) "During the quarter, we raised approximately $660 million of forward equity through our ATM" and management highlighted "$2.3 billion of total liquidity" and "more than $1.6 billion of hedge capital, including a company record $1.4 billion of outstanding forward equity." (President, CEO & Director Agree) "Core FFO per share was $1.13" and "AFFO per share was $1.14 for the quarter," while management "reiterat[ed] our full year 2026 AFFO per share guidance of $4.54 to $4.58." (CFO, Secretary & Investor Relations Professional Peter Coughenour) Outlook "We are reiterating our full year 2026 AFFO per share guidance of $4.54 to $4.58." (CFO, Secretary & Investor Relations Professional Coughenour) "Provided that our stock continues to trade around current levels, we anticipate that treasury stock method dilution will have an impact of $0.02 to $0.04 on full year 2026 AFFO per share" and management said this "is up from approximately $0.01 in our prior guidance due to both the higher share price and more forward equity outstanding." (CFO, Secretary & Investor Relations Professional Coughenour) "While our investment and earning guidance remain unchanged, I would note that we have increased our treasury stock method dilution" tied to "an elevated stock price" and "the additional forward equity raised during the quarter." (President, CEO & Director Agree) Financial Results "Core FFO per share was $1.13 for the first quarter" and "AFFO per share was $1.14 for the quarter." (CFO, Secretary & Investor Relati...
Earnings Call Insights: Teledyne Technologies (TDY) Q1 2026 Management View “We started 2026 with record first quarter sales, earnings per share and operating margin.” (Executive Chairman Robert Mehrabian) “Sales and non-GAAP earnings increased 7.6% and 17.2%, respectively.” (Executive Chairman Mehrabian) “Given stronger sales in the first quarter, but also record orders and backlog with a book-to...
Earnings Call Insights: Teledyne Technologies (TDY) Q1 2026 Management View “We started 2026 with record first quarter sales, earnings per share and operating margin.” (Executive Chairman Robert Mehrabian) “Sales and non-GAAP earnings increased 7.6% and 17.2%, respectively.” (Executive Chairman Mehrabian) “Given stronger sales in the first quarter, but also record orders and backlog with a book-to-bill of 1.16… we’re comfortable in increasing both our expected sales and earnings for 2026.” (Executive Chairman Mehrabian) “We believe now sales will be in the range of $6.415 billion… We’re also raising our earnings outlook… to about $24 at midpoint or $0.35 overall an increase.” (Executive Chairman Mehrabian) “In addition, revenue from our own complete unmanned air systems increased due to continued growth of the highly differentiated Black Hornet nano drone as well as full rate production deliveries of our Rogue 1 loitering munition.” (President, CEO George Bobb) “Cash flow from operating activities was $234 million… Free cash flow… was $204.3 million.” (CFO Stephen Blackwood) Outlook “Management currently believes that GAAP earnings per share in the second quarter of 2026 will be in the range of $4.75 to $4.90 per share, with non-GAAP earnings per share in the range of $5.70 to $5.80.” (CFO Blackwood) “For the full year 2026, we believe that GAAP earnings per share will be in the range of $20.08 to $20.44 and non-GAAP earnings per share in the range of $23.85 to $24.15.” (CFO Blackwood) “We would think that we’ll have a little more sales in the second half versus the first half.” (Executive Chairman Mehrabian) Change vs. prior quarter guidance language: “We believe full year 2026 revenue will be approximately $6.37 billion and non-GAAP earnings at the midpoint will be approximately $23.65.” (Executive Chairman Mehrabian, Q4 2025) Financial Results “Capital expenditures were $29.7 million in the first quarter of 2026 compared with $18 million in 2025.” (CFO Blackwood)...