Public Markets 8-Hour Briefing
×Market Moves
The S&P 500 fell 1.2% in its worst week since June. Entrata is working with Goldman Sachs and JPMorgan on an IPO. Starboard Value pushed Lamb Weston to accelerate cost cuts amid underperformance. Germany’s BaFin warned of risks in smaller property funds. Korean bond yields remain capped as the central bank avoids rate hikes.
Macro & Policy
Dollar strengthened as Middle East tensions boosted oil prices above $100. Oil surged, triggering fears of faster inflation and impacting gold. Xi’s Central Asia outreach secured yuan-denominated bond deals. US-Cuba economic talks may lead to a historic agreement. UK Prime Minister pledged support for households amid soaring energy costs.
Other Developments
Starboard Value took a major stake in Lamb Weston. Iran’s conflict spurred bets on Asian chip stocks. Private credit gate-crashers face investor exits. Oman’s airport limited private jets as wealthy residents depart. Pentagon reported a seventh U.S. death in the Iran war. Country Joe McDonald died at, leaving a legacy in antiwar music. Phillips 66 altered its board to avoid a proxy battle. New Orleans and Houston airports faced security delays during spring break.