The fallout from Brazil’s banking scandal is getting expensive. According to testimony from a Central Bank of Brazil director, state-run lender BRB (Banco de Brasília) may have to provision over 5 billion reais (~$970 million) to cover toxic transactions with the now-liquidated Banco Master. 💸 THE HOLE DOUBLES: 🕵️ THE SCANDAL: This isn’t just bad...
The M&A recovery is real, and Lazard is capturing the upside. Lazard (LAZ) beat Q4 profit estimates on Thursday, reporting adjusted EPS of $0.80 (vs. $0.69 est), sending shares up over 3%. The results underscore a broader industry trend: after a dormant few years, global investment banking revenue topped $100 billion in 2025, and the...
Wall Street is tuning into Exxon (XOM) and Chevron (CVX) earnings this Friday, but they aren’t looking for a spreadsheet; they are looking for a war map. Following the dramatic US removal of Nicolas Maduro earlier this month and President Trump’s vision for $100 billion in fresh American investment, the focus of the energy sector...
The “Doctor” is in, but the diagnosis is manic. Benchmark copper on the LME surged 11% on Thursday to a historic high of $14,527.50/ton, marking its biggest one-day gain since November 2008. But unlike a typical bull run driven by consumption, this rally is being fueled by a brutal short squeeze and speculative frenzy that...
While the world focuses on the energy transition, The Carlyle Group is making a massive bet on energy security. Reports indicate Carlyle is poised to acquire the bulk of Lukoil’s foreign assets—an international portfolio of oilfields, refineries, and fuel stations initially valued by analysts at $22 billion. The deal is a race against the clock,...
While Nordic peers retreat, the world’s largest sovereign wealth fund is doubling down on American debt. Norges Bank Investment Management (NBIM), which oversees Norway’s $2.2 trillion oil fund, reported that its US Treasury holdings swelled to $199 billion (9.4% of the fund) in the second half of 2025. This buying spree comes despite CEO Nicolai...