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Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.5%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was increasing 0.4% to $64,735, and the yield for 10-year US Treasuries was declining 1.2 basis points to 4.712%.In economic news, the 30-year government bond yield hovered close to levels seen around the 2007 global financial crisis. The 30-year yield hovered at around 5.29% after touching 5.34% intraday, the highest since 2007. The increase in the 30-year yield to a 19-year high comes amid concerns that an imminent escalation in the Middle East sent Brent crude prices above $90 a barrel and will fan fears of inflation, according to a D.A. Davidson research note Tuesday.In sector news, Amazon.com-backed (AMZN) Anthropic's revolving credit facility is close to surpassing its $10 billion target as the AI company prepares for its initial public offering, Bloomberg reported. Anthropic's proposed expansion of its revolver is drawing banks seeking to boost their odds for roles in the IPO, the report said. Talks are ongoing, and the company may opt to limit the size of the revolver to the target or below, the report said.In corporate news, KKR (KKR) has offered to buy natural-gas and electricity distributor UGI (UGI) for $42.50 a share, or roughly $9 billion, The Wall Street Journal reported. KKR shares were down 1.4%.Goldman Sachs (GS) agreed to buy commercial real estate investor LCN Capital Partners for up to $410 million, Bloomberg reported, citing Marc Nachmann, head of Goldman's wealth- and asset-management division. Goldman shares were shedding 1.6%.Blackstone-backed (BX) QTS Realty Trust units began a high-grade bond sale to help fund the construction of a data center tied to Microsoft (MSFT), Bloomberg reported. Blackstone shares were down 0.6%.

$BX$GS$KKR

Sectors26d ago

Sector Update: Financial

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.5%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was increasing 0.4% to $64,735, and the yield for 10-year US Treasuries was declining 1.2 basis points to 4.712%.In corporate news, KKR (KKR) has offered to buy natural-gas and electricity distributor UGI (UGI) for $42.50 a share, or roughly $9 billion, The Wall Street Journal reported. KKR shares were down 1.2%.

$KKR

Wire26d ago

Market Chatter: KKR Makes $9 Billion Takeover Offer for UGI

KKR (KKR) has offered to buy natural-gas and electricity distributor UGI (UGI) for $42.50 per share, or roughly $9 billion, The Wall Street Journal reported Tuesday, citing people familiar with the matter.UGI shares closed on Monday at $35.09, giving the company a market value of about $7.5 billion, the report said. It is unknown whether UGI will be receptive to the offer, and there is no guarantee of a sale to KKR or any other buyer, the report said, citing the people.KKR and UGI didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $107.64, Change: $-1.19, Percent Change: -1.09%

$KKR$UGI

Wire26d ago

KKR Makes $9 Billion Takeover Offer for UGI, WSJ Reports

$KKR$UGI

Wire26d ago

Street Color: KKR Bids $9 Billion to Acquire UGI, Wall Street Journal Reports

$KKR$UGI

Sectors27d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Monday

Financial stocks were leaning lower pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1%.Bread Financial (BFH) shares were up more than 1% after the company reported 30-day-plus delinquencies of $876 million and a delinquency rate of 5.35% as of July 31, down from $931 million and 5.8% a year earlier.KKR's (KKR) bid for an 8.43% stake in First Gen, a First Philippine power-generation unit, has been rejected, the Manila-based conglomerate reported to the Philippine Stock Exchange. KKR shares were 0.4% lower premarket.Intel (INTC) and Goldman Sachs Group (GS) are among the investors in artificial intelligence video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Goldman Sachs Group shares were 0.1% lower pre-bell.

$BFH$FAS$FAZ$GS$INTC$KKR$XLF

US Markets30d ago

Nvidia Poised for Strong Quarterly Results, Outlook, UBS Says

Nvidia (NVDA) is likely to post strong fiscal second-quarter results and issue an upbeat sales outlook as Vera Rubin begins to ramp, UBS Securities said Friday.The brokerage raised its second-quarter earnings outlook for the chipmaking giant to $2.13 a share from $2.09 and its revenue estimate to $93.55 billion from $91.91 billion. UBS projects third-quarter revenue in a range of $107 billion to $108 billion."Blackwell is holding stable, with Rubin units starting to layer in ahead of what should be a more substantial revenue step-up in (the fourth quarter), as Rubin sell-in accelerates toward (roughly 500,000 graphics processing unit) units/month and Blackwell starts to wind down," UBS analysts Timothy Arcuri and Natalia Winkler said in a note to clients Friday.Vera Rubin is Nvidia's next-generation artificial intelligence computing platform designed for large-scale agentic AI and advanced reasoning workloads.In a note to clients earlier this month, BofA Securities said it expected Nvidia to deliver a second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising AI capital spending."Because the vast majority of hyperscaler CapEx increase this year is due mostly to memory price inflation, compute supply growth is even further from keeping pace with demand," Acuri and Winkler said Friday. "This is ultimately bullish for (Nvidia) and as a result, we may hear about another significant stair-step in backlog on this earnings call."Earlier this week, Nvidia signed memorandums of understanding with six major financial institutions, including Goldman Sachs (GS), BlackRock (BLK), Blackstone (BX) and KKR (KKR), to raise more than $500 billion in third-party capital for the development of AI infrastructure.UBS expects this to help address "demand durability concerns by unlocking substantial infrastructure capital, underscoring both the financeability of AI compute and the strength of (Nvidia's) ecosystem."The company's shares were little changed in Friday afternoon trade. The stock has jumped nearly 21% so far in 2026.Coming out of Nvidia's upcoming earnings call, UBS expects investors to gain "greater confidence" in a path to EPS of more than $15 in 2027 and $20 in 2028 -- "numbers that should keep the stock grinding higher," the analysts wrote.The technology bellwether company is scheduled to report results Aug. 26.Price: $225.37, Change: $+0.07, Percent Change: +0.03%

$AMZN$BLK$BX$GOOG$GOOGL$GS$KKR$META$MSFT$NVDA

Wire31d ago

OPKO Health Issues Additional $125 Million in Senior Notes Secured by Mazdutide Royalties

OPKO Health (OPK) said Thursday it issued $125 million of additional senior secured notes to HealthCare Royalty, a business of KKR (KKR).The notes, secured by OPKO's royalty interests arising from its mazdutide agreement with Eli Lilly (LLY), will mature in 2044, matching the maturity of OPKO's existing notes with HealthCare Royalty, the company said.The financing gives OPKO additional non-dilutive capital without issuing equity, while allowing it to retain future royalty income after total payments under the financing reach a cap of 1.5 times the amount funded, according to OPKO.The company said Innovent Biologics is commercializing mazdutide in China, while OPKO receives royalties from commercial sales under its licensing agreement with Lilly.OPKO said it began recognizing mazdutide royalty revenue in 2025.Shares of OPKO were up 1.4% in Thursday trading, while KKR and Eli Lilly were less than 1% higher.Price: $1.42, Change: $+0.03, Percent Change: +1.80%

$KKR$LLY$OPK

US Markets33d ago

Update: Equities Post Back-to-Back Declines Amid Hormuz Deal Doubts

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for a second straight session on Tuesday and oil prices extended their rally, as the reopening of the Strait of Hormuz appeared increasingly uncertain.The Nasdaq Composite fell 0.6% to 26,445.45. The S&P 500 and the Dow Jones Industrial Average each lost 0.3% to settle at 7,728.20 and 53,791.85, respectively. Most sectors sectors were in the red, led by communication services.West Texas Intermediate crude oil was up 1.6% at $83.41 a barrel in Tuesday late-afternoon trade, while Brent advanced 1.6% to $89.11. The US crude oil benchmark was on track for its fourth consecutive day of gains, while Brent is poised to stretch its rally to a fifth session.Secretary of Iran's Supreme National Security Council Mohsen Rezaei said Tuesday that the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions, Reuters reported.Previously, Pakistani Defense Minister Khawaja Asif told Bloomberg News that the US and Iran were close to "some sort of an arrangement."Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages. In response, US President Donald Trump on Monday demanded compensation for those he claimed were killed and wounded by Iran's attacks.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack."Uncertainty over a US-Iran deal to end the war and reopen the Strait of Hormuz has grown after Trump demanded compensation for victims of Iranian-backed conflicts, responding to Tehran's reparations demands," Saxo Bank said Tuesday in a report. "The tougher stance lowers chances of a near-term agreement and keeps markets wary, as Iran ties any Hormuz deal with Oman to a broader accord with the US and Trump opts for economic pressure over new strikes."A missile struck a Saudi commercial vessel while transiting the Bab al-Mandeb Strait, CNN reported Tuesday, citing Yemeni officials and shipping sources. That strait connects the Red Sea to the Gulf of Aden and Arabian Sea. It is an alternative route to the Strait of Hormuz.US Treasury yields were lower intraday, with the two-year rate down 1.5 basis points at 4.22% and the 10-year rate shedding less than a basis point to 4.69%.In company news, Nvidia (NVDA) said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.KKR shares jumped 6.9%, the best performer on the S&P 500. Apollo advanced 6.3%, the third-biggest gain on the index. Blackstone rose 3.9%, while BlackRock and Brookfield were also higher. Goldman and Nvidia ended little changed.AppLovin (APP) slumped 6%, the worst performer on the S&P 500, following a rating downgrade from BofA Securities.Sea (SE) reported stronger-than-expected second-quarter revenue as the Singapore-based company logged sharp annual gains in its e-commerce platform and the digital financial services business. Its US-listed shares jumped nearly 15%.In economic news, existing home sales in the US declined more than expected last month as rising prices and mortgage rates continued to weigh on homebuying activity, data from the National Association of Realtors showed.Spot gold fell 0.5% to $4,369.79 per troy ounce, while silver dropped 0.5% to $64.92.

Dow JonesNasdaq CompositeS&P 500$APO$APP$BLK$BN$BX$GS$KKR$NVDA$SE

Japan33d ago

US Equity Markets End Lower Amid Rising Crude Oil Prices, US-Iran Uncertainty

US equity indexes ended lower Tuesday amid rising crude oil prices, Iran's uncertainty on the Strait of Hormuz reopening and a decline in tech stocks.* "America must end the war, pay Iran's frozen assets, the war must end throughout the region, including in Lebanon and Gaza," Reuters cited Mohsen Rezaee, secretary of Iran's Supreme National Security Council, as saying in a report from Tasnim.* The pace of US existing home sales fell by 1.7% to a 4.06 million seasonally adjusted annual rate in July from 4.13 million in June, according to data from the National Association of Realtors. This compares with a larger expected decrease to a 4.05 million rate in a survey compiled by Bloomberg.* Redbook US same-store sales jumped 8.3% from a year earlier in the week ended Aug. 8 after an 8.7% surge in the previous week.* September West Texas Intermediate crude oil rose $1.32 to settle at $83.45 per barrel, while October Brent crude, the global benchmark, was last seen up $1.43 at $89.15.* Nvidia (NVDA) said it partnered with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to raise more than $500 billion in third-party capital for artificial intelligence infrastructure. KKR shares were up about 6.9%, the best performer on the S&P 500, followed by Apollo's 6.3% gain, the third-biggest gain on the index.* AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said Tuesday in a report. Shares were down roughly 6%, the worst performer on the S&P 500 and the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$APO$APP$BLK$BN$BX$GS$KKR$NVDA

Sectors33d ago

Sector Update: Financial Stocks Edge Higher Late Afternoon

Financial stocks were edging up in late Tuesday afternoon trading, with the NYSE Financial Index adding 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally higher.The Philadelphia Housing Index was climbing 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.6%.Bitcoin (BTC-USD) was declining 0.9% to $63,394, and the yield for 10-year US Treasuries decreased less than one basis point to 4.69%.In economic news, the pace of US existing home sales fell by 1.7% to a 4.06 million seasonally adjusted annual rate in July from 4.13 million in June, compared with a larger expected decrease to a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Tuesday showed.The National Federation of Independent Business's monthly Small Business Optimism Index rose to 99.8 in July from 97.4 in June but was below the 100.3 reported a year earlier.Redbook US same-store sales jumped 8.3% from a year earlier in the week ended Aug. 8 after an 8.7% surge in the previous week.In corporate news, Apollo Global Management's (APO) Apollo Sports Capital has reached a $2.6 billion financing deal with Yankee Global Enterprises, the holding company of the New York Yankees, Apollo said Tuesday. As part of the deal, Apollo Sports Capital CEO Al Tylis will join YGE's board, the company said. Apollo shares jumped 6.1%.Nvidia (NVDA) said late Monday it partnered with six financial institutions to raise more than $500 billion in third-party capital for AI infrastructure. Nvidia signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said. BlackRock was up 1.4%, Blackstone added 3.8%, Brookfield rose 1.2%, Goldman was down 0.1%, and KKR climbed 7%.Blue Owl Capital (OWL) is selling $750 million of high-grade debt, $250 million more than initially discussed, after receiving a sizable amount of investor orders, Bloomberg reported. Blue Owl shares rose 5.2%.Intercontinental Exchange (ICE) has started a US investment-grade bond sale in as many as five parts two weeks after announcing a $6 billion deal to acquire MarketAxess Holdings (MKTX), Bloomberg reported. Intercontinental Exchange shares increased 0.5%.

$APO$BLK$BN$BX$GS$ICE$KKR$OWL

US Markets33d ago

Update: Equities Fall, Oil Advances as Hope Dims for Hormuz Reopening

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday and oil prices extended their rally amid growing uncertainty around the reopening of the Strait of Hormuz.The Nasdaq Composite was down 0.6% at 26,436.2 after midday Tuesday, while the S&P 500 lost 0.3% to 7,727.5. The Dow Jones Industrial Average slipped 0.2% to 53,871.7. Among sectors, communication services saw the steepest decline, while energy paced the gainers.Secretary of Iran's Supreme National Security Council Mohsen Rezaei said Tuesday that the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions, Reuters reported.Previously, Pakistan's Defense Minister Khawaja Asif told Bloomberg that the US and Iran were close to "some sort of an arrangement."Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages. In response, US President Donald Trump on Monday demanded compensation for those he claimed were killed and wounded by Iran's attacks.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack."Uncertainty over a US-Iran deal to end the war and reopen the Strait of Hormuz has grown after Trump demanded compensation for victims of Iranian-backed conflicts, responding to Tehran's reparations demands," Saxo Bank said Tuesday in a report. "The tougher stance lowers chances of a near-term agreement and keeps markets wary, as Iran ties any Hormuz deal with Oman to a broader accord with the US and Trump opts for economic pressure over new strikes."West Texas Intermediate crude oil was up 1.2% at $83.14 a barrel intraday, while Brent advanced 1.1% to $88.68. The US crude oil benchmark was on track for its fourth consecutive day of gains, while Brent is poised to stretch its rally to a fifth session.US Treasury yields were lower intraday, with the two-year rate down 1.5 basis points at 4.22% and the 10-year rate shedding 1.6 basis points to 4.68%.In company news, Nvidia (NVDA) said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.KKR shares jumped 6.7%, the best performer on the S&P 500. Apollo advanced 6.4%, the second-biggest gain on the index. Blackstone rose 4.3%, while BlackRock, Brookfield and Goldman were also higher. Nvidia was up 0.1%.AppLovin (APP) slumped 5.3%, the worst performer on the S&P 500, following a rating downgrade from BofA Securities.Sea (SE) reported stronger-than-expected second-quarter revenue as the Singapore-based company logged sharp annual gains in its e-commerce platform and the digital financial services business. Its shares jumped 14% intraday.Lumentum (LITE), CoreWeave (CRWV) and Super Micro Computer (SMCI) are scheduled to release their earnings reports after the markets close on Tuesday.In economic news, existing home sales in the US declined more than expected last month as rising prices and mortgage rates continued to weigh on homebuying activity, data from the National Association of Realtors showed.Spot gold edged down 0.4% to $4,372.79 per troy ounce, while silver dropped 0.5% to $64.97.

Dow JonesNasdaq CompositeS&P 500$APO$APP$BLK$BN$BX$CRWV$GS$KKR$LITE$NVDA$SE$SMCI

US Markets34d ago

Nvidia Partners With Major Financial Firms to Raise Over $500 Billion for AI Infrastructure

Nvidia (NVDA) shares rose early Tuesday after the chipmaker said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.Nvidia's stock increased 1.2% in the most recent premarket activity.Nvidia said it intends to work with the six companies to create dedicated pools of capital at "significant scale" to finance the buildout of AI infrastructure across its frontier AI labs, enterprises and AI clouds. The financing platforms will help turn compute and full-stack AI infrastructure into an investable asset class and support long-duration, usage-linked revenue, the chipmaker added.The financial terms of the partnerships, which are subject to final agreements, weren't disclosed."We are bringing the world's leading long-term capital providers together to independently underwrite AI infrastructure," Nvidia Chief Executive Jensen Huang said in a statement. "These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI."Nvidia said demand for AI infrastructure is accelerating as governments and businesses ramp up investment in AI."Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains," Apollo President Jim Zelter said.Last month, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Technology giants are raising capital to support AI buildouts. Intel (INTC) on Monday said it plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong. The chipmaker on Tuesday upsized the offering to $20 billion.In an emailed client note on Monday, BofA Securities said it expects Nvidia to deliver a fiscal second-quarter revenue beat and issue upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends. The company is scheduled to release its latest financial results later this month.

$APO$BLK$BN$BX$GS$KKR$NVDA

Wire34d ago

Market Chatter: Nvidia Partners With Wall Street Giants on $500 Billion AI Infrastructure Funding Package

Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported Monday, citing five people briefed on the talks.Apollo Global Management (APO), Blackstone (BX), BlackRock's (BLK) Global Infrastructure Partners, Brookfield Asset Management (BAM), Goldman Sachs (GS) and KKR (KKR) are among the companies that have joined the consortium in partnership with Nvidia, the report said, citing the people.The deal could be announced as soon as Monday, the people reportedly told the FT.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $217.82, Change: $-6.15, Percent Change: -2.74%

$APO$BAM$BLK$BX$GS$KKR$NVDA

Wire34d ago

Nvidia Partners With Wall Street Giants to Build $500 Billion AI Infrastructure Funding Package, FT Reports

$APO$BAM$BLK$GS$KKR$NVDA

Sectors37d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index was rising 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) added 1% to $64,899, and the yield for 10-year US Treasuries fell 1 basis point to 4.66%.In economic news, US employment unexpectedly fell in July amid a marked decline in government payrolls, prompting interest rate traders to scale back their bets on potential monetary policy tightening in September. Nonfarm payrolls fell by 23,000 last month, marking the first decline since February, following a downwardly revised gain of 20,000 in June, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.In sector news, Jane Street is negotiating with investors including Pacific Investment Management Co. to refinance its roughly $11 billion debt load into a private-credit vehicle that could total as much as $15 billion, Bloomberg reported.In corporate news, TPG (TPG) and Redfearn Capital have partnered to buy 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported. TPG shares were up 0.8%.KKR-backed (KKR) Executive Centre is seeking a $500 million unitranche loan to refinance debt and fund capital spending, Bloomberg reported. KKR shares were down 0.6%.Apollo Global Management (APO) and KKR received approval from European regulators to take joint control of Atlantic Aviation, the European Commission said. Apollo shares decreased 0.6%.Voya Financial (VOYA) said Friday it is seeking regulatory intervention against Toms Capital Investment Management as it advised shareholders that there is no upcoming stockholders meeting and there are no matters for shareholders to vote on. The company said Toms Capital's recent actions are "manipulative and deceptive." Voya shares were down 0.1%.

$APO$KKR$TPG$VOYA

Sectors37d ago

Sector Update: Financial Stocks Softer in Afternoon Trading

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was rising 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.6%.Bitcoin (BTC-USD) was up 0.6% at $64,654, and the yield for 10-year US Treasuries was shedding 1.4 basis points to 4.656%.In economic news, US employment unexpectedly fell in July amid a marked decline in government payrolls, prompting interest rate traders to scale back their bets on potential monetary policy tightening in September. Nonfarm payrolls fell by 23,000 last month, marking the first decline since February, following a downwardly revised gain of 20,000 in June, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.In sector news, Jane Street is negotiating with investors including Pacific Investment Management Co. to refinance its roughly $11 billion debt load into a private-credit vehicle that could total as much as $15 billion, Bloomberg reported.In corporate news, TPG (TPG) and Redfearn Capital have partnered to buy 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported. TPG shares were up 1.8%.KKR-backed (KKR) Executive Centre is seeking a $500 million unitranche loan to refinance debt and fund capital spending, Bloomberg reported. KKR shares were down 0.3%.Apollo Global Management (APO) and KKR received approval from European regulators to take joint control of Atlantic Aviation, the European Commission said. Apollo shares rose 0.4%.

$APO$KKR$TPG

Oil & Energy37d ago

Vistra Q2 Electricity Generation Up YoY

Integrated retail electricity and power generation company Vistra (VST) Friday posted a year-over-year increase in Q2 electricity generation to 50.2 terawatt-hours from 45.6 TWh.Commercial availability of power generating facilities averaged 95.7% during the quarter, up from 91.8% a year earlier.Vistra's assets, consisting of combined-cycle gas turbines, nuclear power plants, coal power plants, solar farms, and battery storage, have a total net capacity of 43.82 gigawatts as of June 30.The company projects this year's adjusted capital expenditure to total $1.50 billion, up from the previous year's $1.31 billion.It has formed Helix Digital Infrastructure along with partners Nvidia (NVDA), KKR (KKR), and Kuwait Investment Authority, and has advanced the acquisition of Cogentrix Energy, the construction of two Permian Basin natural gas units, and the development of solar facilities.

$KKR$NVDA$VST

Sectors37d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

Financial stocks were leaning lower pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.Essent Group (ESNT) shares were up more than 4% after the company reported higher Q2 earnings and revenue.Apollo Global Management (APO) and KKR (KKR) received approval from European regulators to take joint control of Atlantic Aviation Holding, the European Commission said. Apollo Global Management and KKR shares were 0.3% higher premarket.Goldman Sachs BDC (GSBD) reported a flat Q2 net investment income, while total investment income declined during the period. Goldman Sachs BDC stock was up 0.1% pre-bell.

$APO$ESNT$FAS$FAZ$GSBD$KKR$XLF

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