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Committed to a discipline, not a decision.
PCE 3.7 percent. Six-month 4.1. No rate path.
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Committed to a discipline, not a decision.
PCE 3.7 percent. Six-month 4.1. Unemployment 4.1 percent.
Nvidia's customers got 15 more days to pay.
Free cash flow fell 56% in the same quarter. Five customers now owe 70% of the receivable book. In Sydney, a fund gated eleven days before the borrower failed.
Revenue rose 18%. Free cash flow fell 56%.
Nvidia extended payment terms as commitments surged to $279bn; Australian credit funds show how fast liquidity terms tighten. Plus the Vector, the Risk Radar, people moves and the job board.
Britain Bought a Stake in a Tungsten Mine. It Still Has No Tungsten.
Britain's National Wealth Fund committed £36 million of conditional equity to restart a Devon mine, alongside proposed debt, governance rights and an offtake negotiation.
38% of $15.6bn. The private-markets exit is rationed.
An application to the SEC would let a fund change its managers without a shareholder vote — including affiliated ones. The compensating right is an exit that met 38% of the dollars requested last quarter.
A fund that is 35.8% cash. Seven exit doors, from 5% to 10%.
Seven notices told investors how much they may ask for back this quarter. Four reports showed how much is sitting in cash. And a filing reported as a launch is the fourth attempt to register the same fund since March.
A 25-year high in real yields just broke the buyout math.
Treasury sold 30-year inflation-protected debt at 2.973%, the most since 2001, and primary dealers were left holding 2.10% of it. The same morning a canal cut traffic to 34 ships with its lake at a five-year average. Both are the same story.
Treasury doubled a cap. Blue Owl filled 27% of tenders.
Treasury is enlarging scheduled long-end buybacks as private-credit funds enforce contractual limits. The lesson is not that public bonds have a new backstop; it is that quoted liquidity and contractual access are different things.
Daily Brief
Zero ships crossed Hormuz on Sunday
Reuters, citing Kpler, counted five Saturday transits and none on Sunday (later count: 3 Sat / 2 Sun), against 31 the weekend before. A vendor zero is not a closed strait.
Daily Brief
Spain licensed the plant it already had. India closed the window.
Spain licensed Almaraz through 8 June 2030. India closed new FCNR(B) deposits after $52.300 billion. CPP Investments printed a 7.5% quarter.
Daily Brief
Spain licensed the plant it already had. India closed the window.
Spain licensed Almaraz through 8 June 2030. India closed new FCNR(B) deposits after $52.300 billion. CPP Investments printed a 7.5% quarter.
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