Richard Drury/DigitalVision via Getty Images Shares of The Carlyle Group ( CG ) have been a poor performer over the past year, trading essentially flat and missing out on a meaningful market rally. The stock is down about 30% from its highs as concerns have mounted about trends in private credit, which may reduce fundraising activity and potential performance fees. Given its business mix and histo...
Richard Drury/DigitalVision via Getty Images Shares of The Carlyle Group ( CG ) have been a poor performer over the past year, trading essentially flat and missing out on a meaningful market rally. The stock is down about 30% from its highs as concerns have mounted about trends in private credit, which may reduce fundraising activity and potential performance fees. Given its business mix and history, this risk appears overstated to me. I last covered shares in March , upgrading Carlyle to a “buy,” given my fears that private credit fears had created undue pessimism. This call was premature with the stock down 2% since then while the market has added 13%. With updated financials, now is a good time to revisit CG. Seeking Alpha Speaking at a conference in May , Carlyle reiterated its long-term plan for $200 billion of new assets and an increase in earnings past $6/share. Management also pointed to incremental upside beyond these targets. Regulatory changes have improved alternative asset managers’ access to 401(K) funds, but CG is not modelling in any flows here, which I think is prudent as I expect it will take time for plan sponsors to approve private funds. Carlyle Group Beyond this, it is not assuming any insurance/annuity flows. Over the past decade, we have seen a merging of alternative asset managers and insurance companies with Apollo/Athene ( APO ) and KKR/Global Atlantic ( KKR ). These pair-ups provide the asset manager with permanent capital and insurers with capable investment teams. Beyond these tie-ups, there have been two strategic partnerships over the past 18 months, Lincoln ( LNC ) with Bain, and Jackson ( JXN ) with TPG ( TPG ). This has made Carlyle the “odd man out” to an extent. Insurers are primarily looking for private credit exposure, and at that same May conference, CEO Harvey Schwartz made an interesting admission. 18 months ago, Carlyle’s direct lending and software-specific lending capacities were sub-scale and smaller than peers. The comp...
Key PointsDirector Maximiliane Straub sold 12,000 shares for a total value of approximately $537,000 across two days at a weighted average price of around $44.78 per share.
Key PointsDirector Maximiliane Straub sold 12,000 shares for a total value of approximately $537,000 across two days at a weighted average price of around $44.78 per share.
Meet The Woke Vegan "Christian" Democrat Senate Candidate From Texas For at least a decade the progressive movement has been obsessed with infiltrating every aspect of American life and culture, even going so far as co-opting Christian churches in an attempt to claim them as "safe spaces" for woke ideology. This might sound odd to those who grew up in the devoutly atheist era of liberalism, but th...
Meet The Woke Vegan "Christian" Democrat Senate Candidate From Texas For at least a decade the progressive movement has been obsessed with infiltrating every aspect of American life and culture, even going so far as co-opting Christian churches in an attempt to claim them as "safe spaces" for woke ideology. This might sound odd to those who grew up in the devoutly atheist era of liberalism, but those days are long gone and seem quaint in comparison to today's cavalcade of circus freaks. Well, despite their crushing defeat in 2024 the parade of unhinged woke Democrats has not abated. In fact, it seems to be getting worse. Numerous democratic socialists are running for office in blue states and cities and some are unseating more centrist Democrat incumbents. The party is being overrun with far-left fanatics, a predictable outcome when one accepts the fact that leftists never admit they are wrong and always double down. A prime example, maybe the most egregious example, is James Talarico - A Democrat candidates for US Senate in Texas. Talarico is a former middle school teacher and Presbyterian seminarian who has served in the Texas House of Representatives since 2018. Talarico has ties to an NGO called Leadership for Educational Equity (LEE), which coaches potential civic leaders in far-left ideology. Though, the candidate is best know as the aspiring woke pastor who argued that God is "non-binary" in defense of trans athletes (men pretending to be women) stealing trophies and scholarships from real women. It's important to remember that 2021 was the pinnacle of the woke movement in US politics. The Biden Administration opened the floodgates to DEI cultism in politics and ideologues in the Democratic party were rushing to signal their virtue. In other words, politicians operating in this time period where showing their true Marxist colors for the world to see. They believed they had won. Talarico's hot takes ran the gamut, showcasing an unhinged zealotry and a disturbi...
Micron Technology shares jumped more than 19% on Tuesday, the memory-chip maker's biggest single-session gain since 2011, and the move pushed the company past $1 trillion in market value for the first time -- making it one of the 10 most valuable public companies in the U.S., as of this writing. The catalyst for the stock's big surge this week was a sharply higher price target from a major Wall St...
Micron Technology shares jumped more than 19% on Tuesday, the memory-chip maker's biggest single-session gain since 2011, and the move pushed the company past $1 trillion in market value for the first time -- making it one of the 10 most valuable public companies in the U.S., as of this writing. The catalyst for the stock's big surge this week was a sharply higher price target from a major Wall Street firm. And this was followed by several other analysts raising their targets significantly. The first analyst -- the one who caused shares to soar -- tripled its firm's target for the stock from $535 to $1,625. In the following days, two additional targets that were revised to particularly high levels came in at $1,500 and $1,750. Behind all of this, though, there really is a bull case building: artificial intelligence (AI) has reshaped the memory business in ways that could prove lasting rather than temporary. After its recent surge, Micron is now up an extraordinary 240% year to date and more than 900% over the past year. Continue reading
Just_Super/iStock via Getty Images Canadian stocks rose on the final trading day of May, despite sobering news that our neighbors to the north are now in a technical recession . Two consecutive quarters of negative real GDP growth from Q4 2025 to Q1 2026 doesn't seem like a bullish backdrop, but, as always, stocks are discounting mechanisms. The look-ahead is generally considered six months, and p...
Just_Super/iStock via Getty Images Canadian stocks rose on the final trading day of May, despite sobering news that our neighbors to the north are now in a technical recession . Two consecutive quarters of negative real GDP growth from Q4 2025 to Q1 2026 doesn't seem like a bullish backdrop, but, as always, stocks are discounting mechanisms. The look-ahead is generally considered six months, and perhaps that's why the iShares MSCI Canada ETF ( EWC ) wobbled earlier this year. I had a hold rating on EWC back in August of 2025 . Shares have returned an impressive 25.5% since then, dividends included, compared to a 19% S&P 500 gain. It might surprise investors to learn that most international markets have beaten the SPX back to last summer. Indeed, despite seemingly softer macro data, ex-US equities are doing just fine. I am upgrading EWC to a buy rating. EWC Vs. SPY YTD Stockcharts.com According to the issuer , EWC seeks to track the investment results of an index composed of Canadian equities. It offers investors exposure to large and mid-cap Canadian companies, targeting access to Canada's stock market. EWC is a large ETF, now with $5.5 billion in assets under management as of May 29, 2026. That's up from just $3 billion at the time of my previous analysis. Its annual expense ratio is moderate at 50 basis points, while the trailing 12-month dividend yield is close to that of the S&P 500 at 1.33%. Share-price momentum has been strong lately, earning the product a B+ ETF Grade in that category by Seeking Alpha's quantitative scoring system. Risk can be problematic at times, however, largely the result of EWC's highly cyclical allocation and currency risks, which can come about when prices turn lower (a double whammy). Liquidity is high, though. Key for Canada is not necessarily GDP growth or even healthy retail sales numbers. Rather, a favorable interest policy and a healthy banking sector are crucial. What's more, bullish momentum in metals and mining is especially i...
South Korea and the United States are heading into talks in Seoul next week with different priorities over the implementation of last year’s summit agreement, with President Lee Jae Myung pushing for the supply of nuclear-powered submarines and Washington seeking progress on a major investment pledge by the Lee administration. US approval on the use of nuclear fuel for South Korea’s submarines is ...
South Korea and the United States are heading into talks in Seoul next week with different priorities over the implementation of last year’s summit agreement, with President Lee Jae Myung pushing for the supply of nuclear-powered submarines and Washington seeking progress on a major investment pledge by the Lee administration. US approval on the use of nuclear fuel for South Korea’s submarines is a key goal for Lee, while Washington wants Seoul’s US$350 billion investment promise it previously...
Hong Kong families in the United Kingdom and Canada are facing deep uncertainty due to shifting immigration policies and the rising cost of living, and some are looking for alternative destinations to settle. Property agents said Spain’s Non-Lucrative Visa (NLV), designed for retirees and anyone who can support themselves without employment, had become one of their top choices. The NLV provides a ...
Hong Kong families in the United Kingdom and Canada are facing deep uncertainty due to shifting immigration policies and the rising cost of living, and some are looking for alternative destinations to settle. Property agents said Spain’s Non-Lucrative Visa (NLV), designed for retirees and anyone who can support themselves without employment, had become one of their top choices. The NLV provides a pathway for citizens outside the European Union and the European Economic Area who have enough...
Across East Asia, societies are becoming richer, healthier and more educated, yet fewer people feel able or willing to have families and raise children. Low fertility plagues high-income societies, particularly in East Asia, where the total fertility rate (TFR) has fallen below one birth per woman, well under the replacement level of 2.1 births. While many countries have dedicated considerable res...
Across East Asia, societies are becoming richer, healthier and more educated, yet fewer people feel able or willing to have families and raise children. Low fertility plagues high-income societies, particularly in East Asia, where the total fertility rate (TFR) has fallen below one birth per woman, well under the replacement level of 2.1 births. While many countries have dedicated considerable resources and effort to reversing this trend, the results have been somewhat disappointing. The pairing...
Meteor was travelling at 75,000 miles per hour (more than 120,000 km/h) at an altitude of 40 miles when it broke apart A meteor crashing toward Earth exploded over the north-eastern United States on Saturday, Nasa said, setting off booms that echoed over the region with a blast equivalent to 300 tons of TNT. The fireball broke up over northeastern Massachusetts and southeastern New Hampshire just ...
Meteor was travelling at 75,000 miles per hour (more than 120,000 km/h) at an altitude of 40 miles when it broke apart A meteor crashing toward Earth exploded over the north-eastern United States on Saturday, Nasa said, setting off booms that echoed over the region with a blast equivalent to 300 tons of TNT. The fireball broke up over northeastern Massachusetts and southeastern New Hampshire just after 2pm (1806 GMT), the US space agency’s deputy news chief Jennifer Dooren told AFP in a statement. Continue reading...
Board of Directors member Maximiliane Straub reported the sale of 12,000 shares of Penguin Solutions (NASDAQ:PENG) in multiple open-market transactions on May 11 and May 12, 2026, according to a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average price ($44.78). * 1-year price change calculated using May 12, 2026 as the reference date. Continue reading
Board of Directors member Maximiliane Straub reported the sale of 12,000 shares of Penguin Solutions (NASDAQ:PENG) in multiple open-market transactions on May 11 and May 12, 2026, according to a SEC Form 4 filing . Transaction and post-transaction values based on SEC Form 4 weighted average price ($44.78). * 1-year price change calculated using May 12, 2026 as the reference date. Continue reading
New Zealand does not have the fiscal headroom to increase defence spending to the levels the US might expect, Finance Minister Nicola Willis said. US Defence Secretary Pete Hegseth told delegates at an Asia security forum in Singapore on Saturday that New Zealand’s target of raising defence spending to 2 per cent of the economy is not enough and was an example of “freeloading”. He hinted that nati...
New Zealand does not have the fiscal headroom to increase defence spending to the levels the US might expect, Finance Minister Nicola Willis said. US Defence Secretary Pete Hegseth told delegates at an Asia security forum in Singapore on Saturday that New Zealand’s target of raising defence spending to 2 per cent of the economy is not enough and was an example of “freeloading”. He hinted that nations should aspire to a target as high as 3.5 per cent. “That would be extremely challenging,” Willis...
面对人口与地理两大相互强化的 K 型分化，政府需保持审慎，避免因AI的高热度而产生盲目乐观的情绪，不宜过度寄望于 AI 解决当前核心经济问题 自2025年初以来，中国积极拥抱人工智能（AI），已成为仅次于美国的AI研发与应用中心，并将其他经济体大幅甩开，在AI方面形成了非常清晰的以美中两国引领的G2格局。全球AI超级周期能否重启自2021年中以来受房地产影响的中国经济？AI热潮能否让中国告别通缩、...
面对人口与地理两大相互强化的 K 型分化，政府需保持审慎，避免因AI的高热度而产生盲目乐观的情绪，不宜过度寄望于 AI 解决当前核心经济问题 自2025年初以来，中国积极拥抱人工智能（AI），已成为仅次于美国的AI研发与应用中心，并将其他经济体大幅甩开，在AI方面形成了非常清晰的以美中两国引领的G2格局。全球AI超级周期能否重启自2021年中以来受房地产影响的中国经济？AI热潮能否让中国告别通缩、低利率与疲软的经济增长？能否让中国的房地产市场真正复苏、财政状况得到改善、居民消费反弹、信贷需求回升？这些问题将会是AI时代思考研究中国宏观经济的焦点。 推荐进入 财新数据库 ，可随时查阅宏观经济、股票债券、公司人物，财经数据尽在掌握。