JPMorgan Chase & Co. told private credit lenders that it marked down the value of some loans, clamping down on its lending as worries mount over credit quality, the Financial Times reported. The move limits how much the US bank lends to private credit groups against those loans into the future, according to the report, which cited people familiar with the matter. The devalued loans are to software...
JPMorgan Chase & Co. told private credit lenders that it marked down the value of some loans, clamping down on its lending as worries mount over credit quality, the Financial Times reported. The move limits how much the US bank lends to private credit groups against those loans into the future, according to the report, which cited people familiar with the matter. The devalued loans are to software companies, the report said, a sector that’s been in the spotlight in recent weeks. Chief Executive Officer Jamie Dimon told investors at the bank’s leveraged finance conference last week that it’s being more prudent in lending against software assets, the report said. One person familiar said the move was made preemptively to reduce the amount of credit available to the funds. Private credit executives said they hadn’t seen other banks take a similar view, the FT reported. The bank didn’t immediately reply to a request for comment.
Shares of financial software maker Intuit (INTU 4.20%) have taken a massive beating this year. While the S&P 500's year-to-date return is about flat, Intuit stock has plunged. Indeed, shares traded as low as $349 at one point this year. While the stock is now trading well above this low, it's still down more than 30% year to date. This dramatic underperformance comes as investors grow increasingly...
Shares of financial software maker Intuit (INTU 4.20%) have taken a massive beating this year. While the S&P 500's year-to-date return is about flat, Intuit stock has plunged. Indeed, shares traded as low as $349 at one point this year. While the stock is now trading well above this low, it's still down more than 30% year to date. This dramatic underperformance comes as investors grow increasingly concerned about the potential for artificial intelligence (AI) to disrupt software business models like Intuit's. But the company's actual financial results haven't been negatively impacted by AI so far. If anything, Intuit has benefited from AI. So, what should investors make of the recent volatility in Intuit stock? Robust growth despite the fears Based on the market's severe reaction, you might assume Intuit's core business is struggling. But the underlying business continues to execute very well. In its second quarter of fiscal 2026, the company delivered robust revenue growth, with the top line rising 17% year over year to $4.7 billion. And the company is highly profitable, generating $6 billion in free cash flow in fiscal 2025. Cash flow like this can help the company to invest heavily in its own platforms to fortify its competitive advantages with its own AI features -- and it's doing exactly that. The company has rolled out AI agents to assist its customers, and Intuit CEO Sasan Goodarzi said in its most recent earnings call that more than three million customers have "leveraged agents to do the work for them..." "In January alone, our accounting agents saved time and delivered impact for our customers by categorizing over 237 million transactions," Goodarzi added. "This represents over half of all the transactions categorized that month." If you were to ask management if AI is a threat, they'd probably say it's a catalyst. "Our disruptive AI-native mid-market platform is fueling the success of growing businesses and we are further scaling our investment, product i...
Key Points Shares of Intuit have dramatically underperformed the S&P 500 so far this year. The financial software specialist continues to post robust revenue growth despite the market's fears of disruption. The stock's premium valuation leaves it vulnerable to further multiple compression if sentiment worsens. 10 stocks we like better than Intuit › Shares of financial software maker Intuit (NASDAQ...
Key Points Shares of Intuit have dramatically underperformed the S&P 500 so far this year. The financial software specialist continues to post robust revenue growth despite the market's fears of disruption. The stock's premium valuation leaves it vulnerable to further multiple compression if sentiment worsens. 10 stocks we like better than Intuit › Shares of financial software maker Intuit (NASDAQ: INTU) have taken a massive beating this year. While the S&P 500's year-to-date return is about flat, Intuit stock has plunged. Indeed, shares traded as low as $349 at one point this year. While the stock is now trading well above this low, it's still down more than 30% year to date. This dramatic underperformance comes as investors grow increasingly concerned about the potential for artificial intelligence (AI) to disrupt software business models like Intuit's. 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 » But the company's actual financial results haven't been negatively impacted by AI so far. If anything, Intuit has benefited from AI. So, what should investors make of the recent volatility in Intuit stock? Robust growth despite the fears Based on the market's severe reaction, you might assume Intuit's core business is struggling. But the underlying business continues to execute very well. In its second quarter of fiscal 2026, the company delivered robust revenue growth, with the top line rising 17% year over year to $4.7 billion. And the company is highly profitable, generating $6 billion in free cash flow in fiscal 2025. Cash flow like this can help the company to invest heavily in its own platforms to fortify its competitive advantages with its own AI features -- and it's doing exactly that. The company has rolled out AI agents to assist its customers, and Intuit CEO Sasan Goodarzi said in its mos...
XtockImages Japan’s producer prices rose 2.0% yoy in February 2026, slowing from a 2.3% increase in the prior month and falling short of market consensus of 2.1%, marking the softest annual rise since May 2024. Monthly, producer prices edged down 0.1%, after a 2.0% gain in January, marking the first monthly drop in six months. The Nikkei 225 Index jumped 2.1% to above 55,000 while the broader Topi...
XtockImages Japan’s producer prices rose 2.0% yoy in February 2026, slowing from a 2.3% increase in the prior month and falling short of market consensus of 2.1%, marking the softest annual rise since May 2024. Monthly, producer prices edged down 0.1%, after a 2.0% gain in January, marking the first monthly drop in six months. The Nikkei 225 Index jumped 2.1% to above 55,000 while the broader Topix Index gained 1.6% to 3,723 on Wednesday, rising for a second straight session . The Japanese yen depreciated past 158 per dollar on Wednesday, remaining under pressure as heightened uncertainty over the Middle East conflict continued to support the dollar. More on Japan economy: DXJ: Correction Underway After A Stellar Japanese Rally, Eyeing 'Buy' Points Surviving 'Epic Fury' And The Asian Stock Market Crash Japan's Election Shock: The Yen Trade Wall Street Can't Ignore Japan beats on GDP and wages: Q4 growth revised to 0.3% Q/Q Asia stocks surge as Trump signals Iran war 'nearing conclusion'; oil prices retract on easing sanction hopes
Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran’s crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts have said. The US and Israel have so far treaded carefully around the island, but an Axios report over the weekend cited Trump administration officials saying capturing Kharg was on the table as the war in the M...
Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran’s crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts have said. The US and Israel have so far treaded carefully around the island, but an Axios report over the weekend cited Trump administration officials saying capturing Kharg was on the table as the war in the Middle East persists. The island, located around 30km (19 miles) off the Iranian mainland, handles roughly 90 per cent of Iran’s crude exports, according to a JP Morgan note released Sunday. Advertisement Any move on the territory, which is about one-third the size of Manhattan, would have swift repercussions, experts say. “A direct strike would immediately halt the bulk of Iran’s crude exports, likely triggering severe retaliation in the Strait of Hormuz or against regional energy infrastructure,” JP Morgan said.
liu mingzhu The world’s biggest liquefied natural gas export facility in Qatar has seen its longest shipment drought since 2008, failing to dispatch a single tanker for five consecutive days and threatening to tighten global energy markets. A loaded tanker hasn’t left the Ras Laffan facility in five days, according to a Bloomberg analysis of Kpler ship-tracking data. No LNG ship traversed the Stra...
liu mingzhu The world’s biggest liquefied natural gas export facility in Qatar has seen its longest shipment drought since 2008, failing to dispatch a single tanker for five consecutive days and threatening to tighten global energy markets. A loaded tanker hasn’t left the Ras Laffan facility in five days, according to a Bloomberg analysis of Kpler ship-tracking data. No LNG ship traversed the Strait of Hormuz after Feb. 28, when the U.S. and Israel began strikes on Iran. Morgan Stanley recently said if the outage extends beyond a month, it would push the market into deficit, although the post-2026 impact likely would be limited, and without de-escalation or a clear path to resuming Qatar's production over the next week or two, benchmark Asian prices could rise to $25-$30/MMBtu or more. Qatar's Ras Laffan LNG plant, the world's largest, appears to be intact after its unprecedented closure last week, which led to LNG prices that roughly doubled, and any restart and resumption of deliveries could take weeks or even months, the country's energy minister recently told the Financial Times . European natural gas futures slipped more than 16% to below €50/MWh on Tuesday, retreating from a three-year high after President Trump suggested that the Iran war could end soon. Natural Gas Futures ( NG1:COM ) were up 0.6% to $ 3.04 per MMBtu. According to ANZ Research, volatility will remain high in energy markets amid conflicting reports on the Middle East conflict. "Natural gas futures ( NG1:COM ) are stabilizing after one of the most volatile stretches in the energy complex this year. Prices are trading near $3.36 after rebounding from the $3 region as traders begin pricing in a potential global supply squeeze tied to Qatar’s LNG shutdown," according to one SA analyst . According to another analyst , under prolonged LNG price spike scenarios, Venture Global ( VG ) could climb to $20 or even $40, making it a good hedge; otherwise, structural risks and contract pricing limit upsid...
Donald Trump’s nominee for a top diplomatic post has been withdrawn from consideration after a growing backlash over his past remarks on race and Jewish people left him without crucial Republican support. Jeremy Carl, who had been tapped to serve as the assistant secretary of state for international organisations – a role overseeing US policy towards bodies such as the UN – announced on Tuesday th...
Donald Trump’s nominee for a top diplomatic post has been withdrawn from consideration after a growing backlash over his past remarks on race and Jewish people left him without crucial Republican support. Jeremy Carl, who had been tapped to serve as the assistant secretary of state for international organisations – a role overseeing US policy towards bodies such as the UN – announced on Tuesday that he was stepping aside after failing to secure unanimous backing from Republicans on the Senate foreign relations committee. In a statement posted on X, Carl thanked Trump and the US secretary of state, Marco Rubio, for their support but acknowledged that it would not be enough to secure confirmation. “With unanimous opposition from Senate Democrats to my candidacy, we also needed the unanimous support of every GOP [Grand Old Party] senator on the Committee on Foreign Relations,” he wrote. “Unfortunately, at this time this unanimous support was not forthcoming.” The Senate foreign relations committee normally votes on nominations before sending them to the full Senate. Carl’s prospects had appeared shaky since his confirmation hearing in February, when one Republican member of the panel publicly broke ranks. John Curtis, a Senator for Utah, who is regarded as one of the more moderate Republicans in the chamber, said afterwards that he could not support the nomination, citing Carl’s record of comments on Israel and Jewish people. “I find his anti-Israel views and insensitive remarks about the Jewish people unbecoming of the position for which he has been nominated,” Curtis said. The opposition was particularly damaging because Democrats on the committee were already united against Carl, leaving the White House dependent on unanimous Republican backing to move the nomination forward. The failure marks a rare setback for Trump in a Republican-controlled Senate that has largely approved his appointments. Carl’s withdrawal was welcomed by the American Jewish World Service (AJW...
(RTTNews) - Frontera Energy Corp. (FEC.TO, FECCF) late Tuesday announced that it has entered into a definitive arrangement agreement to divest its upstream Colombian exploration and production business to Parex Resources Inc. (PXT.TO, PARXF) for an equity consideration of up to $525 million. Parex will also assume all of Frontera's obligations under its $310 million 2028 Senior Unsecured Notes and...
(RTTNews) - Frontera Energy Corp. (FEC.TO, FECCF) late Tuesday announced that it has entered into a definitive arrangement agreement to divest its upstream Colombian exploration and production business to Parex Resources Inc. (PXT.TO, PARXF) for an equity consideration of up to $525 million. Parex will also assume all of Frontera's obligations under its $310 million 2028 Senior Unsecured Notes and $80 million Chevron prepayment facility, resulting in a firm value of approximately $750 million. The equity deal price for the Frontera E&P Assets includes $500 million payable upon closing of the deal and a $25 million contingent payment. Under the Parex Arrangement Agreement, Parex would acquire the same assets that Frontera had agreed to sell to GeoPark under the GeoPark Arrangement Agreement. Parex's deal represents a 31 percent premium to the consideration contemplated under the arrangement agreement dated January 29, 2026 between Frontera, GeoPark Limited and Geopark Colombia SLU for the acquisition of Frontera E&P Assets by GeoPark. Concurrent with entering into the Parex Arrangement Agreement, Frontera terminated the GeoPark Arrangement Agreement and paid the $25 million Purchaser Break Fee. Following the deal closure, Frontera intends to distribute to shareholders approximately $470 million, or approximately C$9.18 per share, which includes the $25 million contingent payment, representing the net cash proceeds from the deal after the payment of the GeoPark break fee, and certain other expenses. Following the divestment, Frontera aims to emerge as a newly focused infrastructure company, anchored by its standalone and growing portfolio of infrastructure assets. In Canada, Frontera Energy shares closed Tuesday's regular trading at C$12.98, up 1.09 percent, and Parex Resources closed at C$23.34, up 1.08 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.