Public Markets 3d Briefing
×Market Moves
The S&P 500 bloomberg.com fell 1.2% marking its first two-week loss since June, pressured by inflation concerns and geopolitical tensions. Entrata investing.com is working with Goldman Sachs and JPMorgan on an IPO, signaling continued private equity activity. Meanwhile, Amazon investing.com secured a landmark $138 billion AWS deal with OpenAI, betting heavily on Trainium chips, though this follows a challenging period for the cloud giant. The PBOC investing.com extended its gold-buying streak to 16 months amid Middle East turmoil, a move reflecting central bank diversification strategies. Goldman Sachs bloomberg.com is positioning Liftoff Mobile bloomberg.com for an IPO, targeting a potential $2.2 billion valuation, while JPMorgan Chase ft.com faces scrutiny over its role in the Encore Capital bloomberg.com acquisition. BlackRock bloomberg.com is actively acquiring assets, including a recent $2.2 billion take-private of Jamf bloomberg.com, though this follows a period of cautious investment.
Macro & Policy
Japan may intervene to buy yen ft.com amid speculation about currency strength, while Ecuador bloomberg.com eyes a $4 billion bond sale to fund infrastructure. The UK lenders ft.com raised mortgage rates, with M&G Investments ft.com warning inflation and energy prices remain key risks. The UK government yahoo.com faces pressure to address energy costs, though EU officials ft.com caution against protectionism. The Federal Reserve bloomberg.com remains vigilant, with Hammack investing.com noting potential for tighter policy if oil shocks persist. Sri Lanka bloomberg.com positions itself as in a 'good position' bloomberg.com to absorb Middle East oil price shocks, contrasting with India bloomberg.com's active purchasing of Russian crude under US waivers. The US Treasury bloomberg.com considers 'unsanctioning' more Russian oil post-India moves, while Russia frames all affected parties as 'strategic partners'.
Deals & M&A
Entrata continues its IPO push with Goldman Sachs, while Novo Nordisk bloomberg.com and Hims & Hers bloomberg.com resolved their obesity drug feud, agreeing to sell weight-loss drugs together. Swire ft.com defends its colonial-era trainee scheme, facing criticism for being outdated. The AI pension adviser market ft.com is expanding rapidly, with millions already using tools like Chat GPT for retirement planning. Cerebras Systems bloomberg.com secured Morgan Stanley for its IPO, aiming to raise capital for its AI chip business. The S&P 500 bloomberg.com rebalance saw Vertiv bloomberg.com, Coherent bloomberg.com, and EchoStar bloomberg.com join the index, though Bondholders bloomberg.com organized against a Kennedy-Wilson tender offer. The Burger King CEO bloomberg.com went viral with a Whopper stunt, while Gap bloomberg.com reported slightly below expectations.
Corporate Finance & Markets
BlackRock bloomberg.com slashed the value of a private loan to zero, highlighting sector volatility. Goldman Sachs bloomberg.com faces a fashion shoot backlash, while MFS Investment Management bloomberg.com grapples with the collapse of its founder. The Fed’s Beige Book bloomberg.com revealed weaker consumer spending. The AI chipmaker Cerebras yahoo.com launched its IPO bid, and Goldman Sachs yahoo.com is positioning Liftoff Mobile bloomberg.com for an IPO. The UK ft.com is positioning itself as the 'home of the Middle Man', though rules don't need to be effective to employ advisers. The S&P 500 bloomberg.com experienced its worst week since April due to oil prices and a weak jobs report, though Bondholders bloomberg.com pushed back against Kennedy-Wilson. The Fed bloomberg.com expects rates to remain on hold for some time, while Hammack ft.com warned of potential 'tighter' policy. The AI PR problem bloomberg.com persists as sector companies lag in addressing public concerns. Sub-6% mortgage rates bloomberg.com vanished quickly, and Goldman Sachs bloomberg.com noted non-payment in private credit remains low. The Fed Beige Book showed a shrinking labor force, while Oil prices soared above $90, pushing the S&P 500 to its worst week since April. The S&P 500 bloomberg.com fell 3% this week, though Bondholders bloomberg.com organized against Kennedy-Wilson. The Fed bloomberg.com Beige Book indicated weaker consumer spending, and Hammack bloomberg.com expects rates to stay on hold. The AI chipmaker Cerebras bloomberg.com tapped Morgan Stanley for its IPO, and Goldman Sachs bloomberg.com is positioning Liftoff Mobile bloomberg.com for an IPO. The S&P 500 bloomberg.com fell 1.2% in its worst week since June, while Entrata bloomberg.com continued its IPO push with Goldman Sachs. The PBOC investing.com extended its gold-buying streak to 16 months, and The UK ft.com lenders raised mortgage rates amid inflation warnings. The Fed Beige Book showed a shrinking labor force, and Hammack bloomberg.com warned of potential 'tighter' policy. The AI PR problem bloomberg.com persists, and Sub-6% mortgage rates bloomberg.com vanished quickly. The S&P 500 bloomberg.com fell 3% this week, though Bondholders bloomberg.com organized against Kennedy-Wilson. The Fed bloomberg.com Beige Book indicated weaker consumer spending, and Hammack bloomberg.com expects rates to stay on hold. The AI chipmaker Cerebras bloomberg.com launched its IPO bid, and Goldman Sachs bloomberg.com is positioning Liftoff Mobile bloomberg.com for an IPO. The S&P 500 bloomberg.com fell 1.2% in its worst week since June, while Entrata bloomberg.com continued its IPO push with Goldman Sachs. The PBOC investing.com extended its gold-buying streak to 16 months, and The UK ft.com