The company that killed Blockbuster is now buying the biggest studio in Hollywood. Netflix (NFLX) co-CEOs Ted Sarandos and Greg Peters went on the defensive today, justifying their massive $82.7 billion all-cash offer for Warner Bros Discovery’s (WBD) studio and streaming assets. The move marks a stunning reversal of Netflix’s long-standing “build, don’t buy” philosophy....
The global oil market is facing a significant supply disruption from Central Asia. Oil prices ticked higher on Wednesday as Chevron-led Tengizchevroil (TCO) declared Force Majeure on crude deliveries. The market is digesting a “double whammy” of upstream power failures and midstream bottlenecks that has taken significant barrels offline. 📉 THE OUTAGE DETAILS: 🔄 HISTORIC...
The “Nordic Exodus” from US debt is accelerating, and the numbers are getting serious. Just 24 hours after a Danish pension fund announced a $100M exit, Swedish giant Alecta has confirmed it has sold the “majority” of its US Treasury holdings over the last year. Reports from Dagens Industri estimate the sell-off at 70-80 billion...
The recycling of petrodollars into future-proof infrastructure continues at the World Economic Forum. SOFAZ (State Oil Fund of the Republic of Azerbaijan) and Brookfield Asset Management have signed a strategic cooperation agreement worth up to $1.4 billion. The deal, finalized in Davos, cements Brookfield’s status as a preferred partner for sovereign capital seeking deployment in...
The “abrdn” era is officially over, and the market likes what it sees. Aberdeen (ABDN)—which ditched its controversial vowel-less branding last year—reported better-than-expected flows and a 9% jump in managed assets to £556 billion ($747B) on Wednesday. The update adds to growing evidence that UK active managers are stabilizing after years of pressure from US...
The Federal Government is officially intervening in the “Wall Street vs. Main Street” housing battle. President Donald Trump signed an Executive Order on Tuesday aimed at restricting large institutional investors from purchasing single-family homes. The move is designed to prioritize individual homebuyers and address the affordability crisis ahead of the midterm elections. 📜 THE ORDER...