Stock Market Today: Tech Earnings Buoy Stock Futures
Results from Super Micro, CoreWeave rekindle AI trade ahead of CPI data
We haven't written up this one. WSJ Markets has the full story — the link below goes straight to it.
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Quote Of The Day By Tom Hiddleston: 'Go Towards What Interests You And Motivates You. Get Rid Of People Who Don't Make You Feel Good...'
Tom Hiddleston has some thoughts on how to navigate personal relationships, and he shares them in TVLine's Quote of the Day.
Inside the secretive network fueling the megayacht boom
Thanks to a wave of newly minted AI billionaires, a discreet network of off-market brokers who help the rich purchase superyachts is booming.
- Monaco-based yacht broker Tomek Wrzesinski sells extravagant boats to ultra-wealthy clients.
- Cryptic weekend text messages convince clients to purchase yachts discreetly.
- Off-market yacht transactions increase by 5% this year, potentially doubling since 2019.
Blue Owl secures $750m bond financing to repay revolving credit borrowings
Blue Owl Capital has raised $750m through a new investment-grade bond issue, with proceeds earmarked to repay borrowings under its revolving credit facilities, according to a report by Bloomberg.
Private credit lenders tighten PIK terms as concerns mount over hidden defaults
Private credit lenders are becoming increasingly reluctant to allow borrowers to defer interest payments, as growing use of payment-in-kind arrangements raises concerns that underlying loan stress may…
Polar Asset secures $215m first close for Canadian credit risk transfer fund
Canadian asset manager Polar Asset Management Partners has raised more than $215m at the first close of a new fund targeting significant risk transfer transactions with financial institutions…
- Canadian firm Polar Asset Management raises $215 million for CRS Fund-II
- Fund focuses on significant risk transfer transactions with financial institutions
- Strategy allows banks to lower capital requirements and increase lending capacity