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Redemption limits at Apollo, Ares and peers are exposing a structural flaw in private credit’s march into wealth management: illiquid loans sold with an expectation of easy exits.
OpenAI has closed a 40 billion funding round valuing the company at 300 billion, the most valuable private company in history. ChatGPT Enterprise has surpassed 20 million paid users, up 1,233% from 1.5 million in early 2024.
Nvidia posted adjusted EPS of $4.82 versus a $3.60 Wall Street consensus, with data center revenue hitting $15B, up 114% year-over-year, driven by hyperscaler GPU orders. Gross margins expanded to 78.4%.
Commodity traders and sovereign actors are restructuring oil and metals settlements away from dollars, threatening a cornerstone of greenback dominance as tariff tensions mount.
The FDIC resolved eight regional banks in Q4 2025 — the highest quarterly count since 2020 — as commercial real estate loans sour. Huntington Bancshares and New York Community Bancorp are absorbing the fallout, while 7 billion in problem CRE loans mature through 2027.
Flutterwave obtains banking licence in Nigeria, strengthening payments ecosystem control. Comes months after Mono acquisition, building integrated financial services platform. Licence authorizes regional payment bank operations including deposit-taking and digital services.
Wells Fargo Q1 2026 earnings due April 14 — analysts expect ~10% profit growth. Net interest income benefiting from elevated interest rates and large deposit base. Credit card delinquency trends closely watched for consumer financial stress signs.
Goldman Sachs Q1 2026 beats with 19% profit jump to .49 EPS. Investment banking fees surge 26% year-on-year as M&A advisory returns to markets. Advisory backlog entering Q2 appears robust. Equity underwriting grows as IPO appetite recovers.
Oil breaches $100/barrel as US prepares Hormuz blockade. Asia markets decline; most shipping stalled despite ceasefire talks. Strait of Hormuz handles one-fifth of global oil supply. Shipping insurance costs surge; vessels diverted add 2-3 weeks to voyage times.
Gold mining stocks rally as Freeport-McMoRan, Newmont, Barrick, and Agnico Eagle lead precious metals surge amid record gold prices approaching $4,700/oz. Central bank demand from China, India, and Turkey provides structural floor under prices while mining equities lag physical gold appreciation, creating potential catch-up opportunity.
Wall Street has closed its fifth consecutive losing week, the longest sustained decline since the Iran war began, as the Dow, S&P 500, and Nasdaq all hit year lows amid mounting inflation concerns.
Goldman Sachs economists warn the Iran war has elevated the risk of a U.S. recession within 12 months, as higher oil prices push inflation to 3.1% while growth slows simultaneously.
Nvidia posted 6.8 billion in Q4 FY2026 revenue, up 122% year-over-year, with Data Center reaching 6.1 billion as Blackwell GPU demand from Azure, AWS, and Google Cloud accelerated.