Key Points Non-traded business development companies have been limiting withdrawals, suggesting investor concerns about private credit. Those concerns are reasonable, but JPMorgan Chase isn't as risky as a business development company. 10 stocks we like better than JPMorgan Chase › BlackRock (NYSE: BLK) has limited withdrawals from a large private credit fund. Blue Owl Capital (NYSE: OWL) has done...
Key Points Non-traded business development companies have been limiting withdrawals, suggesting investor concerns about private credit. Those concerns are reasonable, but JPMorgan Chase isn't as risky as a business development company. 10 stocks we like better than JPMorgan Chase › BlackRock (NYSE: BLK) has limited withdrawals from a large private credit fund. Blue Owl Capital (NYSE: OWL) has done the same thing with some of its private business development companies (BDCs). These decisions signal that Wall Street is nervous about private credit markets. And still JPMorgan Chase (NYSE: JPM) is happy to have $50 billion in exposure to the space. Should you be OK with that? It's all relative. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » All in vs. just a part of a bigger business Business development companies are, effectively, 100% focused on private credit. If Wall Street turns away from the sector, BDCs will likely suffer. The fact that sizable withdrawal requests are leading private BDCs to limit withdrawals is not a good sign. JPMorgan CEO Jamie Dimon believes that the credit cycle will eventually turn, and that losses on leverages loans will be material. Nor is he surprised that investors are trying to get ahead of the curve here, given that information about private credit loans is a bit opaque. However, Dimon doesn't run a BDC. He runs a massive, $800 billion market-cap, highly diversified financial institution. His firm's $50 billion in exposure to private credit is fairly modest compared to the company's size, even though that exposure is much larger than peers like Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C), which have exposure of around $36 billion and $22 billion, respectively. There's another scale difference here: Citigroup and Wells Fargo have market caps closer to $200 billi...
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on May 15, 2026. Jung Yeon-je | Afp | Getty Images South Korea's Kospi hit a fresh record Tuesday as trading resumed after a public holiday, with investor sentiment supported by hopes for a breakthrough in the...
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on May 15, 2026. Jung Yeon-je | Afp | Getty Images South Korea's Kospi hit a fresh record Tuesday as trading resumed after a public holiday, with investor sentiment supported by hopes for a breakthrough in the U.S.-Iran peace talks. President Donald Trump said Monday negotiations with Iran were " proceeding nicely ," though he warned that the U.S. could resume attacks if the talks failed. Oil prices were mixed after Trump's comments. West Texas Intermediate futures for July fell 5.37% to $91.41 per barrel as of 8:07 p.m. ET. International benchmark Brent futures for July rose about 1.75% to $97.82 per barrel. In a sign of how tenuous the negotiations were, the U.S. Central Command said that it conducted "self-defense strikes" targeting Iranian missile launch sites and boats attempting to lay mines in the south of the Islamic Republic. As the conflict wore on, Tehran appeared to be "blinking" over the Strait of Hormuz, ex-CIA director David Petraeus told CNBC's Lisa Kim at the UBS Asian Investment Conference on Monday. South Korea's Kospi rose to a fresh high of 8,094.90 in early trade, while the small-cap Kosdaq added 2.12% Japan's Nikkei 225 slipped 0.18% amid some profit taking, while the Topix declined 0.36%. The Nikkei 225 breached 65,000 for the first time Monday in holiday-thinned Asia trading. Australia's S&P/ASX 200 fell 0.17% at the open. Hong Kong's Hang Seng index futures were at 25,430, lower than the index's last close of 25,606.03 on Friday. Stock Chart Icon Stock chart icon S&P 500 futures gained 0.78%, and Nasdaq-100 futures advanced 1.14%. Dow Jones Industrial Average futures popped 371 points, or 0.73%. U.S. stock markets were closed Monday due to the Memorial Day holiday. — CNBC's Fred Imbert and Lim Hui J ie contributed to this report. Choose CNBC as your pre...
Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches – by last year. A recent South China Morning Post visit to 11 Skies found it largely em...
Inside a massive retail and office complex called 11 Skies next to Hong Kong International Airport, all 800 shops sit vacant and only two of 120 food outlets were open earlier this month. They were supposed to begin operating in the 3.8 million sq ft development – equivalent in size to about 53 football pitches – by last year. A recent South China Morning Post visit to 11 Skies found it largely empty , with areas cordoned off and store spaces boarded up with hoardings featuring adverts for the wider airport megaproject, Skytopia. Few lights were turned on, adding to the eerie atmosphere, and the handful of people present were mostly travellers trundling through the empty corridors with luggage on their way to a nearby hotel. At a coffee shop catering mainly to office workers, business was slow. Advertisement The Airport Authority, which is now managing the project, is taking the lead in reconfiguring the retail space into dining and entertainment venues and believes the most opportune time for opening will be from 2028 onwards. Uncertainty surrounding 11 Skies, the ongoing Middle East war and visitors’ changing consumption and travel patterns have created headwinds for the airport’s HK$141.5 billion (US$18 billion) three-runway system project. Advertisement Against that backdrop, the authority will reopen the airport’s expanded Terminal 2 on Wednesday as part of efforts to raise its game and strengthen Hong Kong’s position as a global aviation hub. But with competition mounting among regional aviation rivals, will the authority’s strategy pay off and can 11 Skies be put to good use? Lawmaker Mark Chong Ho-fung said the terminal would give Hong Kong’s standing as an international aviation centre a shot in the arm despite the challenges.
There's no denying that Ethereum (ETH 0.34%) has been one of the top-performing cryptocurrencies of the past decade. Since its launch in July 2015, it's up a staggering 68,700%. But here's the thing: After more than a decade as the market leader, Ethereum has plenty of upstart rivals, including some that are now growing much faster. The one on my radar right now is Solana (SOL 1.26%). Solana vs. E...
There's no denying that Ethereum (ETH 0.34%) has been one of the top-performing cryptocurrencies of the past decade. Since its launch in July 2015, it's up a staggering 68,700%. But here's the thing: After more than a decade as the market leader, Ethereum has plenty of upstart rivals, including some that are now growing much faster. The one on my radar right now is Solana (SOL 1.26%). Solana vs. Ethereum price performance The chart below might be the best guide to understanding why Solana is likely a better buy than Ethereum right now. It compares the performance of Solana and Ethereum over the past five years. During that time period, Solana is up 144%. In comparison, Ethereum is down 5%. If you buy into the argument that Ethereum achieved many of its record-setting gains in its early years, when it had little or no competition, this makes sense. As soon as new Layer 1 blockchain networks like Solana emerged, Ethereum began to lose some of its upward momentum. Admittedly, the performance gap between Solana and Ethereum has been narrowing over the past 12 months. But for long stretches of time over the past five years, Solana was clearly outpacing Ethereum by a wide margin. Solana's advantages Solana is faster and cheaper to use than Ethereum, and that has been a big factor in its success. In November 2023, Cathie Wood of Ark Invest highlighted the disruptive potential of Solana. If the Solana blockchain can do everything that the Ethereum blockchain can do, why wouldn't developers and users migrate over to Solana, if it's faster and cheaper to use? Indeed, that appears to be what's happening. Take decentralized finance (DeFi), for example. Solana has started to take a bite out of Ethereum's market share. In terms of 24-hour trading volume on decentralized exchanges, Solana passed Ethereum in 2024. Now Solana is coming for stablecoins -- an area where Ethereum has always been the market leader. From my perspective, this same phenomenon will occur across every niche ...
Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest in the world, behind only the US, mainl...
Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest in the world, behind only the US, mainland China, Japan and Hong Kong. Taiwan’s ascent up the global equity rankings is largely driven by TSMC, which now accounts for more than 42% of the benchmark index, representing intense market concentration. The chipmaker’s shares have rallied 49% this year as it has benefited from the artificial intelligence trade, in which its semiconductors have a dominant market position. The surge in Taiwan’s market value, contrasted with India’s decline, highlights the two dominant themes shaping financial markets in 2026. One: surging oil prices from the Iran war are weighing heavily on the growth outlook for nations that depend on energy imports, such as India. And two: fierce AI optimism is triggering a global rally in tech shares, disproportionately benefiting manufacturing hubs such as Taiwan and South Korea. “Taiwan’s rising market capitalization is fundamentally a reflection of its heavy concentration in tech hardware, which is currently at the center of the AI investment cycle,” said Yi Ping Liao , a fund manager at Franklin Templeton. “Markets with limited exposure to tech hardware are increasingly being overshadowed by tech hardware–heavy markets such as Taiwan and Korea.” New regulations are also in TSMC’s favor. Taiwan’s financial regulator last month increased the limit that domestic funds can invest in a single stock. Under the new guideline, funds that invest solely in Taiwanese stocks can hold up to 25% of their net assets in any listed company whose weighting exceeds 10% in the Taiwan Stock Exchange, up from a previous limit of 10%. Currently, only TSMC meets the cri...
(Bloomberg) -- Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. Most Read from Bloomberg The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest...
(Bloomberg) -- Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. Most Read from Bloomberg The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest in the world, behind only the US, mainland China, Japan and Hong Kong. Taiwan’s ascent up the global equity rankings is largely driven by TSMC, which now accounts for more than 42% of the benchmark index, representing intense market concentration. The chipmaker’s shares have rallied 49% this year as it has benefited from the artificial intelligence trade, in which its semiconductors have a dominant market position. The surge in Taiwan’s market value, contrasted with India’s decline, highlights the two dominant themes shaping financial markets in 2026. One: surging oil prices from the Iran war are weighing heavily on the growth outlook for nations that depend on energy imports, such as India. And two: fierce AI optimism is triggering a global rally in tech shares, disproportionately benefiting manufacturing hubs such as Taiwan and South Korea. “Taiwan’s rising market capitalization is fundamentally a reflection of its heavy concentration in tech hardware, which is currently at the center of the AI investment cycle,” said Yi Ping Liao, a fund manager at Franklin Templeton. “Markets with limited exposure to tech hardware are increasingly being overshadowed by tech hardware–heavy markets such as Taiwan and Korea.” New regulations are also in TSMC’s favor. Taiwan’s financial regulator last month increased the limit that domestic funds can invest in a single stock. Under the new guideline, funds that invest solely in Taiwanese stocks can hold up to 25% of their net assets in any listed company whose weighting exceeds 10% in the Taiwan Stock Exchange, up from a previous limit of ...
(Bloomberg) -- Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. Most Read from Bloomberg The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest...
(Bloomberg) -- Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co. Most Read from Bloomberg The island’s market capitalization climbed to $4.95 trillion as of Monday, according to data compiled by Bloomberg. India’s value has dropped to $4.92 trillion. Taiwan’s stock market is now the fifth largest in the world, behind only the US, mainland China, Japan and Hong Kong. Taiwan’s ascent up the global equity rankings is largely driven by TSMC, which now accounts for more than 42% of the benchmark index, representing intense market concentration. The chipmaker’s shares have rallied 49% this year as it has benefited from the artificial intelligence trade, in which its semiconductors have a dominant market position. The surge in Taiwan’s market value, contrasted with India’s decline, highlights the two dominant themes shaping financial markets in 2026. One: surging oil prices from the Iran war are weighing heavily on the growth outlook for nations that depend on energy imports, such as India. And two: fierce AI optimism is triggering a global rally in tech shares, disproportionately benefiting manufacturing hubs such as Taiwan and South Korea. “Taiwan’s rising market capitalization is fundamentally a reflection of its heavy concentration in tech hardware, which is currently at the center of the AI investment cycle,” said Yi Ping Liao, a fund manager at Franklin Templeton. “Markets with limited exposure to tech hardware are increasingly being overshadowed by tech hardware–heavy markets such as Taiwan and Korea.” New regulations are also in TSMC’s favor. Taiwan’s financial regulator last month increased the limit that domestic funds can invest in a single stock. Under the new guideline, funds that invest solely in Taiwanese stocks can hold up to 25% of their net assets in any listed company whose weighting exceeds 10% in the Taiwan Stock Exchange, up from a previous limit of ...
Shruti Pandalai, the India Chair of the Lowy Institute, talks to Bloomberg TV about the upcoming Quad meeting in India, where the security situation in the Strait of Hormuz is expected to be high on the agenda. (Source: Bloomberg)
Shruti Pandalai, the India Chair of the Lowy Institute, talks to Bloomberg TV about the upcoming Quad meeting in India, where the security situation in the Strait of Hormuz is expected to be high on the agenda. (Source: Bloomberg)
Veteran investor and Bitwise advisor Jeffrey Park has identified what he believes could become the next "NVIDIA,” highlighting growing investor appetite for the next breakout technology play. Park wrote a long X post on May 24, in which he pointed to crypto as a technology that is bound to surge, ...
Veteran investor and Bitwise advisor Jeffrey Park has identified what he believes could become the next "NVIDIA,” highlighting growing investor appetite for the next breakout technology play. Park wrote a long X post on May 24, in which he pointed to crypto as a technology that is bound to surge, ...