Investor anxiety rippled through the U.S. loan market this month following the bankruptcy of First Brands Group, which has reignited concerns over opaque financing practices and weak underwriting standards in the private credit sector. 🔹 Capital ExodusLoan ETFs, heavily exposed to syndicated loans often repackaged into collateralized loan obligations (CLOs), saw $1.5 billion in outflows...
Crypto exchange Kraken has raised $500 million at a $15 billion valuation, attracting top-tier investors — Apollo Global Management, Oppenheimer, Jane Street, HSG (formerly Sequoia Capital China), and Qube Research & Technologies. The round, also backed by Tribe Capital and Co-CEO Arjun Sethi, marks a major return of institutional capital to the crypto sector, bolstered...
Global fund managers are refocusing on Japan’s markets as confidence builds around the country’s new pro-growth government led by Prime Minister Sanae Takaichi, Japan’s first female leader. 🔹 Reflation Revival & Policy SupportTakaichi’s promises of stimulus spending, tax breaks, and continued low interest rates have powered the Nikkei 225 to record highs. Her “reflationist” agenda...
Nasdaq (NDAQ) beat Wall Street expectations for Q3 profit, driven by higher trading volumes amid persistent market volatility — while CEO Adena Friedman reaffirmed confidence in a robust IPO market, even as the U.S. government shutdown drags into its fourth week. 🔹 Key Highlights 🔹 CEO Outlook “Our IPO pipeline is robust, and we continue...
Europe’s leading aerospace companies — Airbus, Thales, and Leonardo — are moving closer to unveiling Projet Bromo, a landmark merger that will combine their satellite manufacturing divisions into a single European space champion designed to compete directly with Elon Musk’s Starlink and other global satellite networks. 🛰️ Building Europe’s Space Power The three aerospace giants...
Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against CoreWeave’s proposed $9 billion all-stock acquisition of Core Scientific, saying the company has proven its ability to succeed independently. 🔹 Deal Context 🔹 Investor BacklashEarly opposition came from Two Seas Capital, which criticized: 🔹 ISS ViewpointISS noted that Core Scientific has shown...