A global bond selloff intensifies amid growing concerns over inflation as oil prices climb. The British pound is on track for its worst week since 2024 against the dollar as UK Prime Minister Keir Starmer faces challengers for his position. A two-day meeting between President Trump and President Xi comes to an end with both leaders touting stronger ties between the US and China. Kelsey Berro of JP...
A global bond selloff intensifies amid growing concerns over inflation as oil prices climb. The British pound is on track for its worst week since 2024 against the dollar as UK Prime Minister Keir Starmer faces challengers for his position. A two-day meeting between President Trump and President Xi comes to an end with both leaders touting stronger ties between the US and China. Kelsey Berro of JPMorgan Asset Management breaks down the selloff in government bonds. Nicholas Burns, former US Ambassador to China, discusses the Trump-Xi summit. (Source: Bloomberg)
Beyond the crimson walls west of the Forbidden City, where broad lakes shimmer beside stately pavilions and lush greenery, Zhongnanhai has long stood as the secluded heart of Chinese power – a political sanctuary where phones fall silent and access is tightly controlled. Yet there was a rare glimpse of the interior of the walled-off compound on Friday morning, as President Xi Jinping hosted Donald...
Beyond the crimson walls west of the Forbidden City, where broad lakes shimmer beside stately pavilions and lush greenery, Zhongnanhai has long stood as the secluded heart of Chinese power – a political sanctuary where phones fall silent and access is tightly controlled. Yet there was a rare glimpse of the interior of the walled-off compound on Friday morning, as President Xi Jinping hosted Donald Trump for talks over tea and a working lunch in the final hours before the US president wrapped up...
Olympia Financial Group Inc. press release ( OLY:CA ): Q1 earnings per share attributable to shareholders of Olympia increased 4% to $2.32 per share from $2.24 per share. Total net earnings and comprehensive income increased 3% to $5.58 million from $5.40 million due to the sale of Olympia Currency and Global Payments Inc. This transaction resulted in income from discontinued operations, net of ta...
Olympia Financial Group Inc. press release ( OLY:CA ): Q1 earnings per share attributable to shareholders of Olympia increased 4% to $2.32 per share from $2.24 per share. Total net earnings and comprehensive income increased 3% to $5.58 million from $5.40 million due to the sale of Olympia Currency and Global Payments Inc. This transaction resulted in income from discontinued operations, net of tax, of $2.19 million. More on Olympia Financial Group Inc. Olympia Financial Group sells units Olympia Currency and Global Payments Historical earnings data for Olympia Financial Group Inc. Dividend scorecard for Olympia Financial Group Inc. Financial information for Olympia Financial Group Inc.
Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of late billionaire Sam Zell, owns a John Deere dealership, a bluefin tuna fi...
Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of late billionaire Sam Zell, owns a John Deere dealership, a bluefin tuna fishery and a pedestrian bridge that connects San Diego to Tijuana International Airport. While those holdings sound entirely unrelated, what unites the private investment firm's wide-ranging portfolio is a focus on old-economy businesses that are less susceptible to disruption from artificial intelligence and other technologies, according to EGI's president, Mark Sotir. "We tend to put our capital to work for a longer duration than most [private equity] firms. If you're thinking out 10 years, 12 years, you have to start with picking a company in an industry that you know will be around," he said. "That's why we shy away from some tech and some startups. It's not because we don't like doing them. It's just very hard for me to tell you where software is going to be 10 years out." The anti-AI trade gained steam on Wall Street earlier this year, dubbed "HALO" for "heavy assets, low obsolescence." Family offices already employ the same strategy with private markets as they invest for generations and value the cash flow that often comes with old-economy businesses, according to Sotir. Economic uncertainty and tax reform has also made backing these asset-heavy companies more attractive. Asset-heavy businesses tend to deter traditional PE investors who are looking to buy and sell within three to seven years, giving family offices opportunities to acquire at a discount, according to Sotir. "Everybody gets so enamored with asset-light, but I like to say, 'If you're paying an asset-light premium, then I'm not sure where the advantage is,'" he said. The "one big beautiful bill" law also...
FREDERICA ABAN/iStock via Getty Images Portfolio Review Equity markets declined during the first quarter. The war in Iran weighed heavily on markets. The Strait of Hormuz closure caused crude oil prices to soar, which ignited fears of slower economic growth, rising unemployment and higher inflation in turn lowered expectations for a Federal Reserve (Fed) interest rate cut. Before the war, U.S. sto...
FREDERICA ABAN/iStock via Getty Images Portfolio Review Equity markets declined during the first quarter. The war in Iran weighed heavily on markets. The Strait of Hormuz closure caused crude oil prices to soar, which ignited fears of slower economic growth, rising unemployment and higher inflation in turn lowered expectations for a Federal Reserve (Fed) interest rate cut. Before the war, U.S. stocks had faced headwinds due to concerns that artificial intelligence (AI) could disrupt traditional business models, potentially leading to layoffs. Tariff policy uncertainty also added to volatility during the quarter. Fed holds interest rates steady. The Fed kept its benchmark rate unchanged in the first quarter amid surging oil prices and uncertainty surrounding the war in Iran. Annual headline inflation held steady at 2.4% in January and February, while the annual core personal consumption expenditure price index climbed to 3.1% in January, above the Fed's 2% target. These key inflation indicators track price fluctuations in consumer goods throughout the U.S. economy. The U.S. unemployment rate rose to 4.4% in February. Industrials weighed on relative performance. Holdings in the professional services and trading companies and distributors industries led to underperformance in the sector. EquipmentShare lagged after strong performance following its public offering earlier in the year, despite strong 2025 operating results. Professional services industry positions suffered from what we believed were unwarranted concerns about AI disruption. Materials holdings were a source of weakness. The primary driver of underperformance in the sector was our position in sustainable packaging manufacturer Graphic Packaging Holding. Continued long-term structural weakness and concerns about its levered balance sheet weighed on the stock during the quarter. Energy exposure contributed to relative performance. We hold a significant overweight allocation to the energy sector relative to t...
Spencer Platt/Getty Images News New York Gov. Kathy Hochul has released more details on her proposed pied-à-terre tax, which is now expected to apply to an estimated 10,000 homes in New York City, fewer than the initial estimate of 13,000, The Wall Street Journal reported. The tax would target high-value second homes owned by people who don't reside in New York City full time. These homes would be...
Spencer Platt/Getty Images News New York Gov. Kathy Hochul has released more details on her proposed pied-à-terre tax, which is now expected to apply to an estimated 10,000 homes in New York City, fewer than the initial estimate of 13,000, The Wall Street Journal reported. The tax would target high-value second homes owned by people who don't reside in New York City full time. These homes would be taxed at their assessed market value. Under the proposal, the tax would apply to condos and co-ops assessed at over $1M and one-to-three family homes assessed at over $5M. Condos and co-ops are generally assessed lower than standalone homes, because of which the surcharge would be between 4% and 6.5%. NYC will have to bring in a new method to assess these properties' values over the next two years, after which the tax would apply at the same rate as standalone homes. One-to-three family homes assessed at $5M-$15M would face a 0.8% surcharge. The surcharge rate for homes assessed at $15M-$25M would be 1.05% and for those over $25M would be 1.3%. These charges would be in addition to existing property taxes. According to Hochul, the proposed tax is expected to raise $500M. The plan needs to be approved by both chambers of the state legislature More on real estate The REIT Bear Case Is Breaking Down U.S. Dollar Debasement - What Our Assets Are Actually Worth U.S. New Home Market Cap Recovers From Blizzards Mortgage rates tick down, purchase demand softens Top real estate stocks with A+ momentum grade
Concerns raised that cases were caused by a new strain of the virus as African health officials race to coordinate and contain the infection An outbreak of Ebola has killed 65 people in the Democratic Republic of the Congo, according to African health officials. There have been 246 suspected cases of the deadly haemorrhagic fever reported so far in Ituri province, which shares borders with Uganda ...
Concerns raised that cases were caused by a new strain of the virus as African health officials race to coordinate and contain the infection An outbreak of Ebola has killed 65 people in the Democratic Republic of the Congo, according to African health officials. There have been 246 suspected cases of the deadly haemorrhagic fever reported so far in Ituri province, which shares borders with Uganda and South Sudan. Continue reading...
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping , while adding that Nvidia Corp.’s H200 chips also came up during a two-day summit in Beijing. “We talked about possibly working together for guardrails” on AI, Trump told reporters on Air Force One on Friday after meeting Xi. Asked what kind of guardrails, he added: “Standard guardrail...
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping , while adding that Nvidia Corp.’s H200 chips also came up during a two-day summit in Beijing. “We talked about possibly working together for guardrails” on AI, Trump told reporters on Air Force One on Friday after meeting Xi. Asked what kind of guardrails, he added: “Standard guardrails that we talk about all the time.” US officials told reporters days ahead of Trump’s departure that the American side would voice its concerns about artificial intelligence, though they didn’t go into specifics about what they would raise with their Chinese counterparts. Following Anthropic PBC ’s announcement about the potential global cyber risk posed by its Mythos model, the officials said they would explore the possibility of opening a new channel of communication to regularly discuss AI issues. US restrictions on sales of sensitive American technology to China have long been a sticking point between the world’s two largest economies. In December, Trump agreed to allow Nvidia to ship its H200 AI chips to Chinese customers, a significant easing of measures aimed at restraining China’s growth in AI, but so far that move hasn’t translated into new business for the company or other US chipmakers. Trump said Friday China hasn’t approved purchases of the H200 chips “because they chose not to, they want to develop their own.” “But it did come up and I think something could happen on that,” he added, without elaborating. Commerce Secretary Howard Lutnick said last month that while some H200s had been licensed for sale to China, none had been exported because the government in Beijing hasn’t allowed its tech companies to purchase the chips. Nvidia co-founder Jensen Huang ’s last-minute addition to Trump’s delegation has raised hopes of progress on the sale of its advanced chips. US Trade Representative Jamieson Greer said on Friday that approval of Nvidia H200 chip purchases wi...
franckreporter/iStock via Getty Images Written by Jussi Askola for High Yield Investor For most of the past 5 years, the market has only cared about Tech stocks ( QQQ ) with rapid growth prospects, and cared little for the rest of the market. Real asset-based businesses such as REITs ( VNQ ) were especially out of favor, suffering a multi-year market that pushed their valuations to historic lows. ...
franckreporter/iStock via Getty Images Written by Jussi Askola for High Yield Investor For most of the past 5 years, the market has only cared about Tech stocks ( QQQ ) with rapid growth prospects, and cared little for the rest of the market. Real asset-based businesses such as REITs ( VNQ ) were especially out of favor, suffering a multi-year market that pushed their valuations to historic lows. Data by YCharts But it is not just REITs. A number of MLPs, listed infrastructure stocks, gold miners, and real asset lenders also deeply underperformed the broader stock market indexes ( SPY ). In short, exciting tech stocks sucked all the air out of the room, and this left boring, real asset-based businesses unable to find any real momentum. But this is now changing rapidly. REITs ( VNQ ) and other real asset-based businesses ( MLPA ; BIP ; BEP ; HASI ; etc.) are now enjoying their best start to a year in a very long time. They are up 10%+ on average, easily beating most sectors of the market, including tech stocks: Data by YCharts And this real asset-based rally is especially noteworthy as it is happening right as lots of once-popular tech stocks are now suddenly crashing down. This dip first began with SaaS companies (Software as a Service), but it has since also extended to lots of FinTech, EdTech, HealthTech, and even Tech lending firms. Data by YCharts Companies like Constellation Software ( CNSWF ), Coinbase ( COIN ), Roper Technologies ( ROP ), PayPal ( PYPL ), Salesforce ( CRM ), etc., were very popular, still not that long ago, and yet, they are now rapidly losing popularity in favor of real asset-based investments. Many investors are not seeing the link, but there is one. Hazelview Investments, a major institutional investor, has called it the " AI Immunity Trade ". The market is slowly starting to recognize just how much AI is going to disrupt a lot of these tech companies, and this is pushing investors to reallocate more heavily towards AI-resilient real asset...
The stock market has warmed along with the temperature this year, racing back to hit all-time highs. However, that doesn't mean there aren't still attractively valued growth stocks out there. This is especially true in the consumer space, where investors have been a bit worried about the state of the consumer, given higher gasoline prices and the impact of tariffs. Still, consumers tend to be resi...
The stock market has warmed along with the temperature this year, racing back to hit all-time highs. However, that doesn't mean there aren't still attractively valued growth stocks out there. This is especially true in the consumer space, where investors have been a bit worried about the state of the consumer, given higher gasoline prices and the impact of tariffs. Still, consumers tend to be resilient over the long term, and high gasoline prices should be temporary and turn lower once the war in Iran is over. Against that backdrop, let's look at three great growth stocks to buy in May. Image source: Getty Images. Continue reading
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the private capital fight to control a £1.3 trillion UK pensions bounty, insurers’ increasing appetite for higher-risk alternative debt and the new-fangled credit vehicles that are stoking memories of 2008. But ...
Welcome to Going Private , I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the private capital fight to control a £1.3 trillion UK pensions bounty, insurers’ increasing appetite for higher-risk alternative debt and the new-fangled credit vehicles that are stoking memories of 2008. But first we look at Blackstone’s ill-fated bid to do business with one of Hong Kong’s most illustrious dynasties. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Chinese burn Blackstone has ditched a proposed $4 billion tie-up with New World Development Co . after the billionaire Cheng family stalled on a decision to cede control, people familiar with the matter said. The private capital heavyweight, one of the world’s biggest real estate investors, had been talking with New World’s owners since the builder pulled off an $11 billion refinancing last June, just days before a critical deadline . But negotiations lost momentum amid signs of an upswing in Hong Kong’s beleaguered property market and after New World engaged in discussions with rival bidders, including a consortium led by RRJ Capital and Ares , my colleague Cathy Chan reports. Blackstone was angling to take a controlling stake in the indebted developer, displacing the Cheng dynasty who founded the firm in 1970. It proposed to inject about $2.5 billion into a special‑purpose vehicle aimed at shoring up New World’s balance sheet, while the Chengs would contribute $1 billion to $1.5 billion, one of the people said in March. But other suitors willing to take on minority positions have since come forward, and could give the illustrious clan led by Henry Cheng a chance to remain as the largest shareholder, the people said. RRJ has proposed acquiring less than 30% in New World via a share sale. Ares has also offered capital on the proviso that the Cheng family pledge s...
NeXGold Mining Corp. press release ( NEXG:CA ): Q1 net loss was C$11.4 million, or C$0.05 per share, compared to a net loss of C$9.4 million, or c$0.07 per share, in the prior period. At March 31, 2026, the company had cash and short-term investments of C$104.5 million, compared to C$107.7 million at December 31, 2025. The decrease reflects net cash used in operating activities of C$8.6 million, p...
NeXGold Mining Corp. press release ( NEXG:CA ): Q1 net loss was C$11.4 million, or C$0.05 per share, compared to a net loss of C$9.4 million, or c$0.07 per share, in the prior period. At March 31, 2026, the company had cash and short-term investments of C$104.5 million, compared to C$107.7 million at December 31, 2025. The decrease reflects net cash used in operating activities of C$8.6 million, partially offset by C$5.5 million of proceeds from the exercise of warrants and stock options. More on NeXGold Mining Corp. NeXGold: A Delayed Gold Story Finally Nearing Its Moment Financial information for NeXGold Mining Corp.
Babcock & Wilcox Enterprises ( BW ) shares fell nearly -9% premarket on Friday as the company priced a public offering of 10.8M shares at $18.50 to raise approximately $200M. Share closed at $21.22 on Thursday. The company has granted the underwriters a 30-day option to purchase up to an additional 15% of its common stock sold in the offering at the public offering price. The offering is expected ...
Babcock & Wilcox Enterprises ( BW ) shares fell nearly -9% premarket on Friday as the company priced a public offering of 10.8M shares at $18.50 to raise approximately $200M. Share closed at $21.22 on Thursday. The company has granted the underwriters a 30-day option to purchase up to an additional 15% of its common stock sold in the offering at the public offering price. The offering is expected to close on May 18, 2026, subject to customary closing conditions. The company said it plans to use the proceeds to prepay amounts outstanding under its credit agreement and subsequently reborrow such amounts to fund project-related capital and working capital needs to influence steam turbine and boiler production capacity and support growth initiatives, including AI data center power generation projects and BrightLoop technology commercialization, as well as potential acquisitions or to strengthen the balance sheet. B. Riley Securities is serving as the lead book-running manager for the offering, with Craig-Hallum and Lake Street Capital Markets acting as joint book-running managers. More on Babcock & Wilcox Enterprises Babcock & Wilcox: Delivering Speed-To-Market Solutions Babcock & Wilcox Enterprises, Inc. (BW) Q1 2026 Earnings Call Transcript Babcock & Wilcox Enterprises, Inc. 2026 Q1 - Results - Earnings Call Presentation Babcock & Wilcox slides after launching $200M public stock offering Babcock & Wilcox signals pipeline over $14B as it targets timely payoff of remaining $69M of December 2026 bonds