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 explore the latest worries keeping private credit investors awake at night, a US small business backlash against private equity predators and the super-rich Asian families growing nervous about parking wealth in the UAE...
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 explore the latest worries keeping private credit investors awake at night, a US small business backlash against private equity predators and the super-rich Asian families growing nervous about parking wealth in the UAE. But first we look at early signs of strain in the relationship between Big Banks and their private credit borrowers. If you’re not already on our list, sign up here . Have feedback? Email us at goingprivate@bloomberg.net Conscious uncoupling Retail investors aren’t the only ones feeling uneasy about private credit; some of Wall Street’s biggest banks are consciously uncoupling from direct lenders who rely on them to juice returns. JPMorgan’s decision to pare lending to select private credit funds comes as the $1.8 trillion sector wrestles with panic about underwriting standards, outdated valuations and exposure to software firms under threat from leaps in artificial intelligence. Beyond Jamie Dimon’s banking behemoth, discussions have also begun at other major lenders about the funding they’ve put in place for private credit firms, people familiar with the matter told my colleagues Claire Ruckin , Paula Seligson and Ellen DiMauro . Industry executives have said privately that terms including loan-to-value ratios will tighten and some banks may even press pause on new lines of leverage while they determine the extent of concentration risk that has already sparked an exodus from retail-focused funds. Banks have lent enthusiastically to private credit funds in recent months, at low rates often just 150 basis points above the Secured Overnight Financing Rate, down from as much as 275 basis points in 2024, the people said. But the same lenders — which also extend billions of dollars of other lending to private credit managers, including revolving lines of credit — are consider...
Jason Doiy/iStock Unreleased via Getty Images Macy’s ( M ) efforts to revitalize the iconic department store continue to show tangible results as fourth-quarter profits and the company’s expectations for FY26 sales beat Wall Street’s expectations and drove shares as much as 6% higher into Wednesday’s open. “As we wrap up year two of the Bold New Chapter, I’m pleased with the growth and progress we...
Jason Doiy/iStock Unreleased via Getty Images Macy’s ( M ) efforts to revitalize the iconic department store continue to show tangible results as fourth-quarter profits and the company’s expectations for FY26 sales beat Wall Street’s expectations and drove shares as much as 6% higher into Wednesday’s open. “As we wrap up year two of the Bold New Chapter, I’m pleased with the growth and progress we’re making against our strategic priorities,” said Tony Spring, Macy’s CEO. Led by a 10% increase at Bloomingdale’s, Macy’s comparable same-store sales for the crucial holiday season were up 1.8%, beating the company’s expectations. Bluemercury comparable store sales were up 1.3%. Including store closures, Macy’s ( M ) generated $7.6B in sales, down 1.7% from the same quarter last year but $130M better than anticipated. This includes an 8.5% increase in sales at Bloomingdale’s, +2.5% at Bluemercury, and down 3.2% at Macy’s nameplate stores. The company also saw a 16% increase in “other” revenue that included credit card revenue (+17.1%) and Macy’s Media Network (+12.5%). Excluding an interchange fee, the company earned an unadjusted profit of $1.84 per share, up from $1.21 per share a year ago. However, on an adjusted basis, Macy’s ( M ) earned a profit of $1.67, down from $1.80 a year ago but $0.11 better than expected. Adjusted EBITDA was $837M, or 10.6% of total revenue, down 7.3% and 70 basis points from a year ago. Due to a 60 basis point tariff impact, gross margin decreased 50 basis points to 35.2%. Looking ahead to the current quarter and FY26, Macy’s ( M ) is taking a “prudent approach to guidance, giving flexibility within its business model to respond to changes in the competitive landscape and external environment.” This includes the expectation that tariffs will have a greater impact on the first half of the year, with the first quarter having the most meaningful impact. Accordingly, for the first quarter, Macy’s sees adjusted EPS to be within a range of a loss...
AI-first, industry-aligned practice to accelerate frontier transformation powered by Microsoft AI NEW YORK, March 18, 2026--(BUSINESS WIRE)--Accenture (NYSE: ACN) is collaborating with Microsoft to launch a forward deployed engineering (FDE) practice, designed to help organizations more rapidly design, build, and operationalize AI across the enterprise. Most enterprise AI initiatives stall not for...
AI-first, industry-aligned practice to accelerate frontier transformation powered by Microsoft AI NEW YORK, March 18, 2026--(BUSINESS WIRE)--Accenture (NYSE: ACN) is collaborating with Microsoft to launch a forward deployed engineering (FDE) practice, designed to help organizations more rapidly design, build, and operationalize AI across the enterprise. Most enterprise AI initiatives stall not for lack of technology, but for lack of the right engineering expertise applied in the right place. Through the new practice, Accenture and Microsoft will bring together thousands of AI-skilled engineers to work directly with clients—pairing Microsoft's frontier AI capabilities with Accenture's deep industry and workflow experience to help break through barriers and deliver outcomes at scale. "AI value does not come from technology access but from the ability to convert it into sustained business impact," said Manish Sharma, chief strategy and services officer at Accenture. "Enterprise AI succeeds when strategy and engineering operate as one. This collaboration with Microsoft establishes a new model that puts engineers at the center of AI transformation—one that moves from ambition to measurable outcomes at enterprise scale." "What customers are asking us for is a clear path to business outcomes powered by AI," said Nick Parker, executive vice president and chief business officer, Microsoft. "Microsoft’s end-to-end AI platform for both intelligence and trust combined with Accenture’s industry expertise will enable the FDE crews to quickly create the highest quality outcomes for customers." Together, the companies will work shoulder-to-shoulder with clients to help take AI from idea to production in days, not months. Microsoft will provide the platform and technology innovation, while Accenture leads change management, process redesign, industry workflows and global deployment at scale. Joint teams will co-innovate directly with clients using Microsoft's Frontier Suite of produ...
Tencent Holdings maintained double-digit profit and revenue growth, ending 2025 on a high note as the Chinese tech giant ramped up its artificial-intelligence efforts to stay ahead amid relentless competition in China.
Tencent Holdings maintained double-digit profit and revenue growth, ending 2025 on a high note as the Chinese tech giant ramped up its artificial-intelligence efforts to stay ahead amid relentless competition in China.
(RTTNews) - Jabil (JBL) reported preliminary second quarter net income attributable to Jabil of $223 million compared to $117 million, prior year. Earnings per share was $2.08 compared to $1.06. Core earnings increased to $288 million from $215 million. Core earnings per share was $2.69 compared to $1.94. Second quarter revenue was $8.28 billion compared to $6.73 billion, last year. For the third ...
(RTTNews) - Jabil (JBL) reported preliminary second quarter net income attributable to Jabil of $223 million compared to $117 million, prior year. Earnings per share was $2.08 compared to $1.06. Core earnings increased to $288 million from $215 million. Core earnings per share was $2.69 compared to $1.94. Second quarter revenue was $8.28 billion compared to $6.73 billion, last year. For the third quarter, the company projects: net revenue of $8.1 billion to $8.9 billion; GAAP earnings per share of $2.36 to $2.76; core earnings per share of $2.83 to $3.23. For fiscal 2026, the company now expects net revenue of $34 billion, and core earnings per share of $12.25. Previously, the company anticipated core earnings per share of $11.55, and net revenue of $32.4 billion. In pre-market trading on NYSE, Jabil shares are up 0.95 percent to $265.10. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points G2 Investment Partners created a new position in Xometry. It owned 221,679 shares valued at $13.2 million. The position represents 3.1% of fund AUM 10 stocks we like better than Xometry › According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, G2 Investment Partners Management LLC reported a new stake in Xometry Xometry (NASDAQ:XMTR), acquiring 221,679 shares. New ...
Key Points G2 Investment Partners created a new position in Xometry. It owned 221,679 shares valued at $13.2 million. The position represents 3.1% of fund AUM 10 stocks we like better than Xometry › According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, G2 Investment Partners Management LLC reported a new stake in Xometry Xometry (NASDAQ:XMTR), acquiring 221,679 shares. New position in Xometry Post-trade stake: 221,679 shares valued at $13.2 million Position represents 3.1% of the fund’s AUM What else to know Top holdings after the filing: NASDAQ: DAVE: $29.4 million (7.0% of AUM) NYSE: PACK: $18.1 million (4.3% of AUM) NASDAQ: AEIS: $17.3 million (4.1% of AUM) NYSE: CLS: $14.7 million (3.5% of AUM) NASDAQ: VIAV: $14.7 million (3.5% of AUM) Company Overview Metric Value Revenue (TTM) $686.6 million Net Income (TTM) ($61.8 million) Price (as of market close Feb. 17) $55.83 Company Snapshot Xometry is a leading digital marketplace for on-demand manufacturing, leveraging a broad partner network to deliver custom parts and assemblies at scale. Xometry enables a wide range of customers to source manufactured parts and assemblies using its technology-driven marketplace platform. Offers a marketplace for sourcing manufactured parts and assemblies, including CNC machining, 3D printing, injection molding, and sheet metal fabrication services. Operates a digital platform that connects buyers with a network of manufacturing partners. Serves industries such as aerospace, automotive, electronics, medical, and industrial sectors, targeting product designers, engineers, and procurement professionals. What this transaction means for investors G2 Investment Partners quickly ramped up its position in Xometry to become one of its largest holdings. It didn’t hold any shares on Sept. 30, but its holdings, valued at $13.2 million, made up 3.1% of its assets under management (AUM) on Dec. 31, according to its SEC filing. The asset management firm held 71 positions w...
Jeffrey Epstein reportedly tapped his wide network of powerful contacts to gather insights on stocks, startups, and corporate deals as he blurred the line between networking and potentially sensitive information. Apart from the other revelations, the Epstein files also showed how he gathered confidential information, the Wall Street Journal reported. Epstein had received board minutes about a tech...
Jeffrey Epstein reportedly tapped his wide network of powerful contacts to gather insights on stocks, startups, and corporate deals as he blurred the line between networking and potentially sensitive information. Apart from the other revelations, the Epstein files also showed how he gathered confidential information, the Wall Street Journal reported. Epstein had received board minutes about a tech startup from Ehud Barak, where the Israeli politician was the chairman. JPMorgan Chase ( JPM ) executive Jes Staley sent emails to him about a corporate deal that the bank was secretly looking at, the WSJ report stated. Emails and documents reviewed by the WSJ showed Epstein receiving updates on companies such as Foundation Medicine and Editas Medicine, as well as information tied to merger discussions and stake sales, including in credit bureau TransUnion. In some instances, he obtained board-level material and internal startup updates, the report said. The files also showed that Epstein's associates went beyond just sharing corporate material. Andrew Mountbatten-Windsor has been under probe for sharing potentially confidential U.K. government reports. Epstein, who presented himself as a financial adviser to ultra-wealthy clients, sometimes built investment positions connected to the information he gathered, though the WSJ said it was not always clear whether trades directly followed specific tips. The report added that his fortune—estimated at more than $500M at the time of his death in 2019—was largely derived from advising billionaires rather than solely from market trading. Some individuals cited by the WSJ denied sharing material non-public information, saying any exchanges were either public, preliminary, or authorized. Epstein died by suicide in a New York jail in 2019 while awaiting trial on federal sex-trafficking charges. More on JPMorgan Chase JPMorgan Chase: Hold On Mixed Signals JPMorgan Chase: I'm Starting To Get Interested Under $300 With The Dividend Yield...
Hoping to be financially secure in retirement but aren’t exactly raking in the cash? Don’t fret. A comfortable retirement does not require making millions of dollars in the present — it does, however, require significant planning and a series of smart decisions that pay off over time. Learn More: This ‘Boring’ Investment Could Be the Secret to Never Running Out of Retirement Income Read Next: 5 Cl...
Hoping to be financially secure in retirement but aren’t exactly raking in the cash? Don’t fret. A comfortable retirement does not require making millions of dollars in the present — it does, however, require significant planning and a series of smart decisions that pay off over time. Learn More: This ‘Boring’ Investment Could Be the Secret to Never Running Out of Retirement Income Read Next: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home GOBankingRates chat with three retirees to find out which tiny investment each made while young and how it made them financially secure in their golden years. Milton Saltzberg, 93 Milton Saltzberg, a 93-year-old former realtor, closely studied the stock market all his life and, as a result, has made some savvy investments. Thirty years ago, Saltzberg spent $17 to invest in an up-and-coming company called (*checks notes*) Apple. Over the years, Apple stock kept splitting — meaning it divided its existing shares into multiple, lower-priced shares which rose in value over time. Today, Saltzberg owns nearly 620 shares of Apple. Currently, one share of Apple is worth approximately $256. That’s $158,720 or a $158,713 profit from an initial $17 investment. Around the same time, he also bought a single share of Microsoft — initially valued at $21 and today worth $460.52 a share. Microsoft has split nine times. A single share has now become 288 shares… You do the math. Because Saltzberg had the patience and temperament to hold onto these stocks long-term and the foresight to get in early, these investments cost him almost nothing — but are significantly aiding his retirement. Check Out: I Got Rich Investing — These Lessons for Beginners Could Lead To $1 Million Net Worth Eric Greene, 72 Over 50 years ago, 72-year-old serial entrepreneur, Eric Greene, attended the University of Pennsylvania’s Wharton School of Business which, at the time, cost roughly $2,500 annually. While an investment of a different kind, Greene insisted...
Azincourt Energy ( AAZ:CA ) has appointed Mark Tommasi as chief executive officer and director of the company, effective immediately. Source: Press Release More on Azincourt Energy Corp. Financial information for Azincourt Energy Corp.
Azincourt Energy ( AAZ:CA ) has appointed Mark Tommasi as chief executive officer and director of the company, effective immediately. Source: Press Release More on Azincourt Energy Corp. Financial information for Azincourt Energy Corp.
AI memory giant Micron is set to announce its fiscal second-quarter earnings results after Wednesday’s closing bell. The company has established a strong track record of surpassing earnings estimates, delivering a trailing four-quarter average earnings surprise of over 14%. But with markets showing enhanced volatility lately, is MU a buy ahead of the release? Find the latest EPS estimates and surp...
AI memory giant Micron is set to announce its fiscal second-quarter earnings results after Wednesday’s closing bell. The company has established a strong track record of surpassing earnings estimates, delivering a trailing four-quarter average earnings surprise of over 14%. But with markets showing enhanced volatility lately, is MU a buy ahead of the release? Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Analysts are expecting Micron to post earnings of $8.80 per share, reflecting a 464.1% surge versus the same quarter last year. Revenues are anticipated to jump nearly 140% during the quarter to $19.3 billion. The stock remains a Zacks Rank #1 (Strong Buy). Micron MU is benefitting from the rapidly expanding AI-driven memory and storage markets. Its products are increasingly being adopted by major hyperscalers and enterprise customers. The company is cash-rich with a strong balance sheet and repurchased $300 million of stock in Q1. Our proprietary model predicts a positive earnings surprise for the upcoming announcement. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Families and friends of people who were being treated at a drug rehabilitation centre in Kabul have continued to search for their loved ones two days after it was bombed by Pakistan, in the deadliest attack so far in the months-long conflict between the two countries. The Afghan Taliban government has said more than 400 people were killed and 265 others wounded in the airstrike, which took place o...
Families and friends of people who were being treated at a drug rehabilitation centre in Kabul have continued to search for their loved ones two days after it was bombed by Pakistan, in the deadliest attack so far in the months-long conflict between the two countries. The Afghan Taliban government has said more than 400 people were killed and 265 others wounded in the airstrike, which took place on Monday night as people and staff at the centre were praying days before the end of the holy month of Ramadan. Pakistan rejected the claim, saying it had “precisely targeted military installations and terrorist support infrastructure” – a sharp escalation that has worsened relations between the Islamic neighbours at a time when the US-Israeli war on Iran is destabilising the region. On Wednesday, relatives of patients at the centre gathered at the site looking for their loved ones. Many said they did not know whether their relatives were alive or dead, or if they had been moved elsewhere. “We came here looking for our patient, he is missing,” said Mazar, 50, who gave only one name. “We came to find out whether he is well, alive, or what has happened to him.” Mazar said his relative had been admitted at the centre for the second time and there was no information about him. “We checked the lists, but his name was not in the list of the living. Maybe he is injured or has been killed,” he said. Another man, who did not want to be named, said he had come in search of his relative on Tuesday but had not been allowed to enter the centre. “We did not find his body, nor was he among the wounded, and his name is not on the list of survivors,” he said. “We have come again today for more information.” View image in fullscreen Firefighters continued to douse small fires about 36 hours after the bombing. Photograph: Sayed Hassib/Reuters A witness at the scene told Reuters they saw smoke still smouldering from parts of the compound as firefighters continued to douse small fires about 36 ...
Paradigm Gold ( PDQ:CA ) has entered into a debt settlement agreement to settle a debt of $357,221.21 by the issuance of 2.86M common shares at a price of $0.125 per share. The debt was incurred as a result of annual advance minimum royalty payments on the Swift Katie property that had accrued over the last five years. Source: Press Release More on Paradigm Gold Corporation Financial information f...
Paradigm Gold ( PDQ:CA ) has entered into a debt settlement agreement to settle a debt of $357,221.21 by the issuance of 2.86M common shares at a price of $0.125 per share. The debt was incurred as a result of annual advance minimum royalty payments on the Swift Katie property that had accrued over the last five years. Source: Press Release More on Paradigm Gold Corporation Financial information for Paradigm Gold Corporation