On September 9, 2026, Reuters reported that Amazon.com, Inc. (NASDAQ:AMZN) raised £4.25 billion, or about $5.76 billion, in its first-ever sterling bond sale, slightly more than initially expected, as part of a four-tranche deal spanning 3 to 19 years. Final investor demand came in at more than £10.65 billion, roughly 2.5 times the amount raised, but that was notably lower than the demand Alphabet saw for its own sterling debut in February, a sign ******* ysts said shows hyperscaler borrowing may be starting to test the limits of investor appetite.
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.

#sterling #infrastructure #NASDAQ #amzn

CoreWeave (NASDAQ:CRWV), a GPU-accelerated cloud infrastructure provider, closed at $79.88, down 4.16%. The stock fell after CoreWeave announced convertible debt and a share sale, and investors are watching financing costs and infrastructure expansion.
Trading volume reached 78.3 million shares, coming in about 176% above its three-month average of 28.4 million shares. CoreWeave IPO'd in 2025 and has doubled since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,637, up 1.13%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,418, up 1.69%. Among specialized cloud computing and AI infrastructure services peers, Nebius Group (NASDAQ:NBIS) closed at $217.99, up 4.12%, and Iren (NASDAQ:IREN) closed at $43.48, up 2.02%, as investors kept weighing AI buildout demand against funding needs.
It's important to note why CoreWeave stock dropped while shares of its closest peers rose sharply today. The companies are in a capital-intensive spending growth stretch. Demand for high-powered compute cloud ******* e for AI is huge, and CoreWeave announced today that it would raise money to meet that demand in two ways.
Its share offering and convertible bond offering are both likely to be dilutive to shareholders. But it takes money to make money, and CoreWeave also reinforced today that it is raising prices for its compute cloud contracts.
But the debt and share issuance contrasts with the solid cash position of peer Iren, for example. Iren has built up cash from its existing crypto mining operations.

#iren #infrastructure #shares

Ondas Inc. (NASDAQ:ONDS) completed its acquisitions of GATE Technologies Ltd. and Bron Technologies on September 14, adding electronic safety and fuzing components used across precision weapons. GATE supplies the technology, while Bron provides manufacturing and certification capabilities in Poland.
Base consideration comprises $105 million in cash and $100 million in equity. The SEC filing specifies an additional $25 million working-capital adjustment. Of the stock consideration, approximately $22.5 million is scheduled for issuance within nine months, subject to conditions. Performance payments could add up to $185 million.
The investment question is whether owning qualified components can improve supply reliability and profitability enough to justify the purchase price and manufacturing investment.
GATE's technology is integrated into dozens of weapons systems. Qualification and integration requirements can make replacing a supplier difficult, supporting repeat demand as customer programs enter production. Ondas Inc. (NASDAQ:ONDS) can therefore participate in orders across multiple manufacturers alongside sales of its own systems.
Management says approximately 80% of GATE's revenue comes from outside the Middle East. The combination of Israeli engineering and Polish production provides an established international base. U.S.-produced finished products and integrated systems are targeted for the first half of 2027, potentially expanding access to programs with domestic sourcing requirements.

#ondas

Wall Street has spent years obsessing over when the Federal Reserve will lower interest rates, but billionaire investor Stanley Druckenmiller thinks investors may be asking the wrong question.
The senior macro investor argues that U.S. interest rates are already too low and that future rate cuts aren't essential, according to the Financial Times.
His argument comes at a critical period.
Treasury bonds have been under selling pressure amid inflation fears, growing U.S. public debt, and considerable bond issuance by artificial intelligence startups, CNBC noted. And it puts the focus of market chatter back on borrowing rates.
Druckenmiller's warning came at a Piper Sandler conference in New York, where he also targeted Federal Reserve officials who say current monetary policy is restrictive.

#reserve

"I am the house now," Treasury Secretary Scott Bessent told traders last week, as he defended the administration's increasingly interventionist approach to the bond market. He added that he had "asymmetric information" about what policymakers would do next and dared investors: "bet against me if you want."
On Wednesday, Federal Reserve chair Kevin Warsh might effectively take the other side of the bet.

It's been a hot American summer. Oil is hot, hovering around $110 a barrel. Bond yields are hot, too: the 10-year Treasury yield has pushed above 5%, around its highest level since 2007. Credit markets are running hot as well: U.S.-dollar debt issuance to finance AI and data-center development reached $308 billion through July. And all that borrowing is competing with U.S. national debt, which crossed $40 trillion less than a month ago. Stocks, despite a rough few days, are still up roughly 11% this year. Inflation, meanwhile, remains above 3%.
Put all that heat together, and the Federal Reserve is staring down a question it hasn't seriously confronted in three years: Is the U.S. economy actually overheating? Markets are betting the Fed thinks the answer is at least "maybe." Traders have priced a quarter-point hike Wednesday with near certainty.
But whether Wednesday amounts to a one-time course correction or the beginning of a new tightening cycle depends on what, exactly, is making the American economy hot. The last time the Fed began raising rates, in March 2022, Jerome Powell's Fed ultimately raised its benchmark rate by 525 basis points over 16 months.
Mohamed El-Erian, Wharton professor of practice and chief economic adviser at Allianz, parsed the current fervor and anxiety into four questions on X Tuesday: whether oil-supply disruptions persist, with China potentially acting as a "swing consumer"; whether Treasury Secretary Scott Bessent intervenes again to influence long-end yields; whether this week's hike proves "one and done" or the beginning of a cycle; and how markets balance AI's enormous promise against its enormous risks.

#secretary #federal #american

Minerals 260 has secured commitments to raise $178.2m (A$250m) before costs via a two-tranche share placement to fund the next stage of development at its Bullabulling Gold Project in Western Australia (WA).
The company said the funds, raised at A$0.88 per share, will allow it to advance construction and exploration activities at the site, which is located 65km west of Kalgoorlie.
The placement, involving the issuance of 284,090,910 fully paid ordinary shares, includes a A$30m cornerstone investment from the Franco-Nevada Corporation.
According to Minerals 260, the issue price matches the company's closing share price on 11 September 2026 and represents a 3.5% premium to the ten-day volume-weighted average price of A$0.85.
Existing institutional shareholders participated in the placement alongside new domestic and international investors.

#western #kalgoorlie

Dune Oil Corp (CSE:DUNE, OTCQB:DUNXF, FRA:Z620) has changed its OTCQB trading symbol to "DUNXF" and closed additional tranches of its non-brokered private placement, raising gross proceeds of C$422,500.
The new symbol took effect September 14. The company's CSE symbol (DUNE) and Frankfurt symbol (Z62) remain unchanged.
Under the private placement, first announced in filings from April, June and July 2026, Dune issued 2.8 million units at $0.15 per unit for gross proceeds of C$422,500.
The company also settled C$20,000 in outstanding debt with an arm's length party through the issuance of 133,333 units. Each unit consists of one common share and one-half of one warrant, with each whole warrant exercisable at C$0.25 for one year from issuance.
The shares and warrants from this tranche are subject to hold periods until December 26, 2026 and January 15, 2027, respectively.

#placement

On September 1, Korn Ferry (NYSE:KFY) completed its £850 million acquisition of UK-based AMS, from OMERS Private Equity. The deal combines two well-reputed brands, resulting in a highly well-rounded solutions provider and a leading business within the global talent and organizational consulting **** e. It offers a broader market reach to Korn Ferry, along with more extensive coverage spanning several new industries.
Copyright: baranq / 123RF Stock Photo
AMS acquisition extends Korn Ferry's existing growth trajectory, which was highlighted in the company's recently announced first quarter results. It was the sixth back-to-back quarter of topline growth, which augments the durability of Korn Ferry's fundamental business model. The company also delivered a 9% growth in its adjusted diluted EPS of $1.43, relative to the same period last year.
The AMS deal results in several strategic benefits for Korn Ferry. Based on its long-standing client relationships, AMS offers robust operational strength, along with prospects of consistent, recurring income. Such relationships also enable the company to deliver technology-led solutions at scale.
Financing of this transaction involved a mix of existing cash, share issuance and borrowings. At closing, Korn Ferry paid approximately £473 million and $326 million in cash, covering consideration to the sellers, repayment of AMS indebtedness and other transaction obligations, and issued 3,118,628 Korn Ferry shares to the sellers.

#business

New customers who use Fanatics Sportsbook promo code YAHOO350 when they place a first bet of at least $20 can receive up to $350 in FanCash, valid across a wide array of Fanatics experiences. This holds whether the original bet wins or loses, and, among other things, you can wager on the first Monday Night Football game of the NFL season.
Eligibility for the promotional FanCash is not dependent on the outcome of the bet, but the wager must have odds of -500 or longer, so be sure to check the current odds and don't pick too big of a favorite for the initial wager.
CLICK HERE: Snag $350 in FanCash after a $20 bet with Fanatics Sportsbook promo code YAHOO350!
New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, WY. Must toggle on this promotion in your bet slip and wager $20+ cash on any market (min. odds -500) within 7 days of account opening to receive $50 in FanCash each day for your first 7 days. Must opt in each day to claim FanCash. FanCash issued in connection with this Promotion expire 24 hours from issuance. Terms apply-see Fanatics Sportsbook app.
This page contains affiliate links. A commission or other compensation may be earned when you click through.

#fancash #must

Vale S.A. (NYSE:VALE) is considering making its debut in China's domestic bond market as soon as this year, with CFO Marcelo Bacci saying the company is preparing for a potential Panda bond issuance. The move would be strategically significant because China accounts for roughly half of Vale's revenue, making renminbi financing a natural extension of its relationship with its largest market. Bloomberg reported that Vale is still ****** sing the market, including whether it can obtain a maturity longer than the typical two-, three-, or five-year terms available to international issuers.
The timing is also favorable for Vale because China's Panda bond market is expanding rapidly. Reuters reported that foreign issuers have increasingly turned to Asian bond markets to diversify funding sources, while Chinese yuan bond issuance has reached record levels in 2026. For Vale S.A. (NYSE:VALE), the potential transaction therefore looks less like a necessity for raising capital and more like an effort to diversify its investor base, potentially lower funding costs, and build a longer-term financing relationship with Chinese investors.
The strongest bullish argument is that Vale S.A. (NYSE:VALE) could potentially lower and diversify its cost of capital by accessing a large pool of Chinese investors at a time when renminbi funding remains relatively inexpensive. Reuters noted that Chinese onshore and offshore yuan bond markets have experienced record issuance this year, with foreign borrowers increasingly using these markets to diversify away from traditional funding currencies. If Vale can achieve competitive pricing, a Panda bond could provide an additional funding channel alongside its established dollar financing, reducing its dependence on a single market.
The move could also create a better natural match between Vale's revenues and its financing currency. Because China represents approximately half of Vale's revenue, raising at least some debt in renminbi could provide a degree of currency alignment with its Chinese business exposure. More importantly, establishing itself as a repeat issuer could strengthen Vale's relationships with Chinese banks and institutional investors, potentially giving it access to another source of capital when global dollar markets become less attractive.
There is also a broader strategic benefit. China is actively expanding the Panda bond market and encouraging international companies to use it. Official Chinese data showed that more than 160 billion yuan of Panda bonds were issued during the first half of 2026, up 69% year over year, demonstrating that the market is becoming more established and liquid. Vale entering this market could therefore position the company early in a growing financing ecosystem rather than waiting until it becomes more crowded.

#chinese #bond #panda #China

With the Fanatics Sportsbook promo code YAHOO26, new customers can wager $1 or more and have their bet matched in FanCash for the Ohio State/Texas matchup Saturday night.
CLICK HERE: Claim up to $1,000 Matched in FanCash with the Fanatics Sportsbook Promo Code YAHOO26!
New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY. Apply promotion in bet slip and place a $1+ cash wager (min odds -200) daily for 10 consecutive days starting day of account creation. FanCash rewards will equal the qualifying wager amount (max $100 FanCash/day). FanCash issued under this promotion expires at 11:59 p.m. ET 7 days from issuance. Terms, incl. FanCash terms, apply—see Fanatics Sportsbook app.
This page contains affiliate links. A commission or other compensation may be earned when you click through.
The marquee matchup for Saturday's betting action is the college football clash between #1 Ohio State and #4 Texas. Kickoff is at 7:30 pm ET with TV coverage on ABC. The Longhorns are currently -120 favorites on the moneyline at Fanatics Sportsbook. Meanwhile, the Buckeyes are a +100 underdog.

#fancash

USA Rare Earth, Inc. (NASDAQ:USAR) announced on September 4 that it completed the Serra Verde acquisition one day earlier, paying $300 million in cash and issuing approximately 126.8 million common shares. The transaction adds Brazil's Pela Ema mine to Less Common Metals in the United Kingdom, the Stillwater, Oklahoma, magnet facility, and the Round Top project in Texas.
Serra Verde began production in January 2024 but is still completing optimization and commissioning. Stage 1 is expected to reach an annual run rate of approximately 4,000 metric tons of total rare-earth oxide, or TREO, by year-end 2026. Stage 2 construction targets average annual production of 6,400 metric tons, with commissioning expected to begin within 12 months.
Serra Verde had $425 million of principal outstanding under its U.S. International Development Finance Corporation loan at June 30. At closing, a $100 million tranche was extinguished after related warrants were exercised, leaving approximately $325 million of principal. The unaudited pro forma combined balance sheet reported a $304.1 million debt carrying value after discounts and issuance costs.
Serra Verde gives USA Rare Earth, Inc. (NASDAQ:USAR) a producing source of dysprosium, terbium, and other rare earths used in permanent magnets. Combining mining, metals, alloys, and magnet manufacturing could capture more of the value chain outside Asia.
The Phase 1 offtake agreement supports revenue visibility. It covers 100% of Pela Ema's Phase 1 products, subject to limited carve-outs, and includes escalating price floors annually. The counterparty is a special-purpose vehicle capitalized by the U.S. government and private investors. The arrangement provides contractual price protection, subject to the counterparty's performance.

#earth #approximately #NASDAQ #usar

New Fanatics Sportsbook customers can convert a $20 first wager into $350 in FanCash, win or lose, with the Fanatics Sportsbook promo code as the opening week of the NFL continues on Thursday.
New users of Fanatics Sportsbook can enter bonus code YAHOO350 while placing an initial wager of $20 or more and receive $350 in FanCash. This $350 in FanCash is redeemable across Fanatics experiences, and you get it even if the wager loses. The main restricition is that the initial wager needs to have odds of -500 or longer (-350, +125, etc.).
Click to claim $350 in FanCash after a $20 bet with Fanatics Sportsbook promo code YAHOO350
New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, OH, PA, TN, VA, VT, WV, WY. Must toggle on this promotion in your bet slip and wager $20+ cash on any market (min. odds -500) within 7 days of account opening to receive $50 in FanCash each day for your first 7 days. Must opt in each day to claim FanCash. FanCash issued in connection with this Promotion expire 24 hours from issuance. Terms apply-see Fanatics Sportsbook app.
This page contains affiliate links. Yahoo! may earn a commission or other compensation if you click or buy through our links.

#fancash

GFL Environmental Inc. (NYSE:GFL) completed its acquisition of SECURE Waste Infrastructure, adding a specialized waste and energy-infrastructure platform across Western Canada and North Dakota. At the announcement, the transaction had a C$6.4 billion enterprise value, with shareholder consideration comprising 80% GFL shares and 20% cash.
Closing required the issuance of 75,126,306 subordinate voting shares, capacity under the revolving credit facility, and a new US$1 billion senior secured term loan. The loan matures in August 2033 and carries interest at the Secured Overnight Financing Rate plus 200 basis points. GFL Environmental Inc. (NYSE:GFL) estimates an interest rate of approximately 5% after its cross-currency interest-rate swaps.
SECURE brings a difficult-to-replicate network spanning more than 80 locations, including landfills, waste-treatment and recycling facilities, injection wells and transfer stations. It also operates crude oil terminals, storage facilities and pipeline-connected infrastructure. The ****** ets broaden services and operating density in Western Canada.
More than 2,000 SECURE employees are joining the combined company. SECURE President and Chief Executive Officer Allen Gransch and other managers will continue leading the acquired operations as employees and shareholders. Retaining the operating team should help preserve customer relationships and institutional knowledge during integration.
The acquisition cost is spread across debt and equity. The 2033 maturity provides time for cash generation, while management said the term-loan transaction did not affect the company's credit rating.

#secure

Prominent economist Mohamed El-Erian argues hyperscalers and national governments are issuing a flood of bonds to keep up their rapid spending velocity onto fewer buyers. Those straightforward circumstances are pushing bond yields up.
"If you look at the amount of issuance that's coming from governments, from hyperscalers, from companies, it far exceeds what you can count on in terms of reliable buyers, and that's why there's been pressure on interest rates, El-Erian told CNBC in an interview on Friday. "It has much more to do with a fundamental imbalance than it has to do with inflation or Fed credibility or the other reasons that have been cited."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#governments #Friday

Prominent economist Mohamed El-Erian argues hyperscalers and national governments are issuing a flood of bonds to keep up their rapid spending velocity onto fewer buyers. Those straightforward circumstances are pushing bond yields up.
"If you look at the amount of issuance that's coming from governments, from hyperscalers, from companies, it far exceeds what you can count on in terms of reliable buyers, and that's why there's been pressure on interest rates, El-Erian told CNBC in an interview on Friday. "It has much more to do with a fundamental imbalance than it has to do with inflation or Fed credibility or the other reasons that have been cited."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#governments #buyers #jeff #bezos

Michael Burry, the investor famous for his subprime mortgage bets detailed in "The Big Short," said on August 23 that he has sold his stake in Alibaba Group Holding Limited (NYSE:BABA), calling the Chinese e-commerce and cloud giant's shares overvalued. Burry stated in a Substack article that he had intended to reinvest the majority of his investment in Alibaba within a month or two, but changed his mind. "No longer," he said, adding that the stock's price would need to "fall by half" before he became interested again.
Burry's statements came after Alibaba Group Holding Limited (NYSE:BABA) announced and subsequently completed an approximately HK$80 billion, or $10.2 billion, share placement, through a share offering to fund its artificial intelligence goals. The company has stated that all net proceeds will go into developing its "full stack" AI capabilities.
That funding structure prompted Burry to abandon his plan to reinvest in the stock. "I cannot bless share issuances," he said, adding that Burry objected to the dilution from the financing and said he expects Alibaba's return on invested capital to continue declining. In another post on X, he stated clearly that he wouldn't change his view on Alibaba, referring to share issuance as the company's "new paradigm."
Burry had acquired a new Alibaba Group Holding Limited (NYSE:BABA) stake in April, stating at the time that it comprised just over 6% of his portfolio according to his disclosures at the time. However, in late June, he reversed direction, stating that he had sold the entire holding and invested the proceeds in JD.com, Inc. (NASDAQ:JD), Alibaba's main domestic e-commerce rival. He subsequently described his JD.com position as large and argued that easing competition in China's delivery market could support higher margins.
Institutional opinions regarding the two companies have shifted in distinct directions. Alibaba Group Holding Limited (NYSE:BABA) saw hedge fund holdings decrease marginally, from 102 funds in the first quarter to 97 in the second quarter. JD.com, Inc. (NASDAQ:JD), by comparison, saw hedge fund ownership move up little, from 43 funds to 44 over the same period.

#burry #Share #fund

By Anna Szymanski
Sept 4 (Reuters) - From the Editor
Are the vigilantes back? Bond yields spiked across developed markets this week, with many hitting multi-decade highs, as rising deficits, elevated inflation and a surge of AI-driven corporate debt issuance left traders demanding higher compensation for the risk of holding longer-term government debt.
Far from a moral crusade by fixed income investors seeking to influence fiscal policy, this instead looks like a logical response to the economic facts on the ground, including the dawning reality that borrowing ‌rates in many large markets are likely going to be higher for longer.
Over the past week, the benchmark U.S. 10-year Treasury yield surged to roughly 4.80%, hitting its highest point since President Donald Trump returned to the White House early last year. This undid any ‌positive impact from Treasury Secretary Scott Bessent's bond-buying announcement two weeks ago.

#markets #many #hitting #debt

Soluna Holdings reported second-quarter revenue of $15.1 million, up 145% year over year. That headline needs an important qualification. A change in accounting presentation moved roughly $4.4 million of pass-through electricity costs from a net presentation to both revenue and cost of revenue, without changing profit or loss. Excluding that change, revenue grew 73% year over year and 13% sequentially. Soluna Holdings, Inc. (NASDAQ:SLNH) therefore delivered substantial growth, but not all of the reported increase reflected new economic activity.
The quarter also should not be treated as proof that the AI pivot is already producing revenue. Project Dorothy 1A generated $2.9 million of revenue, up 31% sequentially, and $795,000 of gross profit at a 28% margin, but that improvement came from Bitcoin-mining customers, including Blockware and Canaan. Management said Bitcoin-miner hosting remains its largest business today. The AI and high-performance-computing opportunity is prospective. That distinction matters because AI leases can carry different capital needs, construction schedules, and customer requirements from cryptocurrency hosting.
That opportunity is nevertheless large. As of August 1, Soluna reported a roughly 6.3-gigawatt overall pipeline, including more than 1.6 gigawatts of AI data-center capacity in development. It said Hedy, Ellen, and Fei were advancing under term sheets toward a combined 583 megawatts designated for AI and HPC. The 583-megawatt figure describes their combined planned capacity, not entirely new capacity. Based on the project updates, their capacities rose by 243 megawatts in aggregate, from 340 to 583 megawatts.
A pipeline is not contracted revenue. Projects still require land, permits, interconnection, financing, equipment, and tenants before generating cash. Soluna Holdings, Inc. (NASDAQ:SLNH) remains a small company pursuing capital-intensive facilities, so delays or unfavorable funding could overwhelm operating progress. AI customers may also demand stronger balance sheets and long construction guarantees, while rapid share issuance could dilute per-share gains.
Hedge-fund interest increased but remained limited. Insider Monkey counted nine hedge funds holding the shares in Q2, up from six in Q1. Separately, Vident Advisory, an institutional investment adviser rather than a hedge fund, expanded its reported position by 7,772% to 5,227,200 shares. The percentage is dramatic because its prior position was small and should not be mistaken for broad sponsorship.

#soluna #holdings #NASDAQ

On August 25, Qfin Holdings (NASDAQ:QFIN) reported second-quarter results that tell two very different stories at once. Total loan volume fell 25.1% year over year to RMB63,377 million, and non-GAAP net income dropped to RMB454.9 million from RMB946 million just one quarter earlier. Non-GAAP earnings per diluted ADS sank to RMB3.72 from RMB7.70. But buried in the same release, revenue from the company's technology solutions business jumped more than sixfold, and management laid out plans to turn Qfin into what it calls an AI-native lender. Investors have to weigh both halves of that picture.
The clearest growth story sits inside Qfin's tech solutions arm. Loan volume tied to that unit hit RMB10.5 billion for the quarter, up 515% from a year earlier, while the outstanding balance climbed to roughly RMB16.1 billion, up 313%. Through its FocusPRO platform, Qfin now helps banks serve borrowers priced between 3% and 12%, a segment its own consumer lending rarely touches. During the quarter, the company signed two new AI agent projects with banking partners, one built to support loan officers from lead identification through conversion, the other aimed at SME credit review and approval. CEO Wu Haisheng framed the effort as an organizational shift, saying it is "about turning individual and team experience into shared reusable organizational capabilities."
Risk metrics also moved in the right direction during the quarter itself. The 30-day collection rate rose to 88.1%, up 2.3 percentage points sequentially, while the C-M2 delinquency ratio fell 17% sequentially to 0.66%, nearing year-ago levels. The 90-day delinquency rate dropped to 2.83% from 3.5%. On the funding side, ABS issuance jumped 90% sequentially to RMB5.5 billion while issuance costs fell roughly 20 basis points, and overall funding costs eased about 10 basis points as the company leaned on a track record of stable ******* et performance. Qfin also paid a semiannual dividend of $0.46 per ADS, a payout ratio near 30%, and had repurchased $7 million of stock before pausing the buyback program.
Every one of those quarterly improvements sits next to a much rougher backdrop. Sales and marketing spending fell 13% sequentially as Qfin pulled back on growth, and new credit line users fell to 830,000, down from 1.19 million a quarter earlier. New loan provisions hit RMB1.72 billion, a booking ratio of 5.36%, the highest on record. A one-off RMB500 million tax expense tied to a change in tax treatment pushed the effective tax rate to 60.3%, though management expects it to settle near 20% going forward.

#earlier

The yield on the 10-year U.S. Treasury note rose more than 3 basis points Tuesday to 4.79%. Driven higher by concerns over the latest flare-up in the war against Iran and its effects on fuel costs and inflation, the yield touched its highest level since January 2025 in trading during the day.
The continuing bond selloff has driven up government borrowing costs around the world. Eshe Nelson of The New York Times noted today that ******* an is seeing 10-year yields above 3% for the first time in 30 years and Germany now has the highest 10-year rates since 2011 (see the Times's chart below).
"A combination of factors are prompting investors to demand higher returns to hold government debt: a flood of borrowing by the world's richest nations, expanding budget deficits, persistent inflation and few signs that countries are able or willing to take steps to improve these conditions," Nelson wrote.
Ulrike Hoffmann-Burchardi, chief investment officer of the Americas at UBS, said she expects to continue to see heightened volatility in the bond market. "With no clear path to reopening the Strait after six months of war, inflation worries remain elevated," she said in a note, per CNBC. "Uncertainty over the Federal Reserve's policy outlook, fiscal concerns, and rising AI-related debt issuance have all kept bonds under pressure."
Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle, told the Times that it's difficult to "disentangle" the causes of the rate surge. "The only thing we can say right now is that they're all pointing in the same direction," he said, "and that's in the direction of higher rates, and they're doing it globally."

#nelson #driven

Listen
(3 min)
1608 ET – Treasury yields spike amid rising inflation expectations. U.S. and Iran exchange fire and crude rallies 5%, surpassing $90. Massive government deficit spending and large-scale AI corporate debt issuances help fuel the bonds selloff, Touchstone’s Erik Aarts says. July job openings edge up to 7.3 million from June’s downwardly revised 7.2 million. ADP is expected to report August job creation rising to 47,000 from 44,000, according to a WSJ consensus. The 10-year yield adds 0.038 percentage point to 4.795%, while the two-year rises 0.044 p.p. to 4.392%, both at their highest since January 2025 and up for five consecutive sessions. (paulo.trevisaniwsj.com; ptrevisani)
0901 ET – A global bonds selloff continues, pushing Treasury yields higher, as the war in Iran muddles the economic outlook. Investors worry about ballooning government debt and sticky inflation. Oil keeps rising, with WTI up 2.5% to $87.92. July JOLTS report, at 10 a.m. ET, kicks off a string of U.S. labor data likely to move markets this week. Odds of a Fed hike in September tick higher to 66% from 65% yesterday. The two-year Treasury yield, which is more sensitive to Fed policy, touches 4.369%, which would be its highest settle since January 2025. The 10-year goes as high as 4.797%, also the highest in 19 months. (paulo.trevisaniwsj.com; ptrevisani)

#january

On August 25, The Bank of Nova Scotia (NYSE:BNS) reported third-quarter results that hit a target management had been promising for the medium term, not the near term. Return on equity reached 14.2%, adjusted net income climbed to $2.97 billion, and adjusted earnings per share rose to $2.28 from $1.88 a year earlier, a 21% jump. CEO Scott Thomson signaled that 14% won't be the high-water mark for the bank's returns going forward. With every division growing at once, the quarter reads like a strategy finally clicking into place.
Canadian Banking earned $1.1 billion, up 12% year over year, with return on equity jumping 160 basis points sequentially to 19.4%. That came from a fifth straight quarter of margin expansion, plus commercial loan growth that accelerated to 3% sequentially after 2% the quarter before, with small business lending up 10% year over year. Credit card premium mix rose to 45% of new acquisitions, up from 35% a year ago.
Global Banking and Markets posted its best quarterly net income ever, $647 million, up 37% year over year, helped by a net interest margin that expanded more than 30 basis points and a run of marquee deals, including the two largest debt capital markets issuances ever done in Canada and the country's biggest IPO since 2021. Loans in that segment grew 7% sequentially as the bank reinvests after a period of deliberate optimization.
Global Wealth Management earnings rose 23% to $515 million as the segment posted net sales of $3 billion for the quarter, a Q3 record, while **** ets under management reached $474 billion. Referrals between Canadian Banking and Wealth Management hit $14 billion year to date, with commercial-to-wealth referrals up 33%. International Banking added $725 million, up 6% on a constant dollar basis, with retail loans growing 5% as management leans into primary banking relationships. The bank also logged its tenth straight quarter of positive operating leverage.
The quarter wasn't friction-free. Expenses grew 14% year over year, driven largely by performance-based pay and a 16% increase in technology spending to $1.5 billion. Chief Risk Officer Shannon McGinnis flagged, "We continue to monitor some pockets of weakness, including elevated mortgage delinquencies," even with the retail book carrying an average FICO score of 798. International Banking's provision for credit losses ran at 138 basis points, well above the 42 basis points booked in Canadian Banking, and the segment absorbed an incremental $57 million provision tied to a corporate account in Brazil that management said it continues to work through.

#quarter #billion #points #wealth

The 10-year Treasury yield hit a 19-month high Monday morning in a challenge to Treasury Secretary Scott Bessent's effort to ****** ert control over long-term government bond yields. Higher long-term bond yields are generally a negative for stock prices and mortgage rates, and place upward pressure on the surging cost of servicing the federal debt.
Treasury announced on Aug. 19 that it would at least double the size of buybacks of government bonds with durations of 10 years up to 30 years. The announcement stirred a brief easing of yields, with the 10-year yield slipping to 5 basis point to 4.65%. But the 10-year yield touched 4.76% on Monday, the highest since January 2025.
The 30-year Treasury yield, at 5.27%, hasn't yet eclipsed the 5.29% level ahead of Bessent's buyback news. That was the highest 30-year yield level since 2007.
The upward pressure on the 10-year Treasury yield has a number of contributors. A big one seems to be a surge in corporate debt issuance by AI hyperscalers like Google, Amazon and Microsoft. Those technology ****** ans are offering higher rates than Treasury, directing some buying power away from government debt and forcing yields higher. Persistent inflation is another factor and the resumption in U.S.-Iran strikes over the weekend won't help.
Then there's the federal budget deficit, which will come in around 6% of GDP this year, extraordinarily high for a period of solid economic growth. The rising burden of interest costs and the expense of Social Security and Medicare for baby boomers suggests that big deficits may be here to stay.

#yield

On August 25, The Bank of Nova Scotia (NYSE:BNS) reported third-quarter results that hit a target management had been promising for the medium term, not the near term. Return on equity reached 14.2%, adjusted net income climbed to $2.97 billion, and adjusted earnings per share rose to $2.28 from $1.88 a year earlier, a 21% jump. CEO Scott Thomson signaled that 14% won't be the high-water mark for the bank's returns going forward. With every division growing at once, the quarter reads like a strategy finally clicking into place.
Canadian Banking earned $1.1 billion, up 12% year over year, with return on equity jumping 160 basis points sequentially to 19.4%. That came from a fifth straight quarter of margin expansion, plus commercial loan growth that accelerated to 3% sequentially after 2% the quarter before, with small business lending up 10% year over year. Credit card premium mix rose to 45% of new acquisitions, up from 35% a year ago.
Global Banking and Markets posted its best quarterly net income ever, $647 million, up 37% year over year, helped by a net interest margin that expanded more than 30 basis points and a run of marquee deals, including the two largest debt capital markets issuances ever done in Canada and the country's biggest IPO since 2021. Loans in that segment grew 7% sequentially as the bank reinvests after a period of deliberate optimization.
Global Wealth Management earnings rose 23% to $515 million as the segment posted net sales of $3 billion for the quarter, a Q3 record, while ******* ets under management reached $474 billion. Referrals between Canadian Banking and Wealth Management hit $14 billion year to date, with commercial-to-wealth referrals up 33%. International Banking added $725 million, up 6% on a constant dollar basis, with retail loans growing 5% as management leans into primary banking relationships. The bank also logged its tenth straight quarter of positive operating leverage.
The quarter wasn't friction-free. Expenses grew 14% year over year, driven largely by performance-based pay and a 16% increase in technology spending to $1.5 billion. Chief Risk Officer Shannon McGinnis flagged, "We continue to monitor some pockets of weakness, including elevated mortgage delinquencies," even with the retail book carrying an average FICO score of 798. International Banking's provision for credit losses ran at 138 basis points, well above the 42 basis points booked in Canadian Banking, and the segment absorbed an incremental $57 million provision tied to a corporate account in Brazil that management said it continues to work through.

#year #canadian

Strategy Inc (NASDAQ:MSTR) rallied along with Bitcoin. The cryptocurrency rally followed a White House meeting with industry executives, while the Treasury Department's expanded bond-buyback plans lowered long-term yields and weakened the dollar.
However, Strategy Inc (NASDAQ:MSTR) is not a simple leveraged Bitcoin fund. The company held 843,775 Bitcoin on July 26, sold 1,638 Bitcoin during July 27-August 2, and another 1,690 during August 3-9, leaving 840,447 Bitcoin. That position was worth approximately $57.5 billion at Wednesday's Bitcoin price, but the figure represents gross **** et value rather than value attributable to common shareholders.
Common issuance increases gross Bitcoin per share only when the Bitcoin acquired per incremental **** umed diluted share exceeds the existing ratio. Issuing above net **** et value alone is insufficient because the share denominator and use of proceeds determine the result. Strategy Inc (NASDAQ:MSTR) reported that its company-defined Bitcoin-per-share metric increased 5% during the second quarter to 210,824 satoshis.
Strategy Inc (NASDAQ:MSTR) also had a $4.80 billion reserve as of August 16, including unsettled at-the-market offering proceeds. The reserve provides a buffer for contractual debt interest and preferred dividends when declared, although the preferred series have different terms, including **** ulative provisions for certain securities. This liquidity reduces near-term dependence on favorable Bitcoin or capital-market conditions.
Strategy Inc (NASDAQ:MSTR) reported $6.7 billion of aggregate convertible principal and a $15.5 billion aggregate preferred notional amount in May. At June 30, preferred equity had a $14.44 billion carrying amount and a $15.46 billion liquidation preference; repurchases began after quarter-end. These claims sit ahead of common equity under a basic-share valuation framework.

#NASDAQ

(This Aug 27 story has been republished, with no changes to text.)
By Kanishka Singh
WASHINGTON, Aug 27 (Reuters) - President Donald Trump's administration has issued a memo for universities that seeks to restrict issuance of certain internship work ‌authorizations for international students as the federal government warned that colleges not complying with the regulations may lose certification ‌to enroll foreign students.
The federal memo dated August 24 said the Student and Exchange Visitor Program, which is part of the U.S. Immigration and Customs Enforcement agency, has "observed a rise in Curricular Practical Training (CPT) authorizations that appear to violate regulatory requirements which permit CPT only where the training is an integral part of an established curriculum."
"Failure to comply with SEVP regulations may result in an institution losing certification to enroll foreign students," the memo said.

#federal #certification #part

Treasury Secretary Scott Bessent moved fast to calm the bond market this month. Two of the biggest names on Wall Street just moved just as fast to say it probably will not be enough. A rebuttal that landed within days of his own announcement.
The pushback lands at an awkward moment for Bessent. The national debt just hit a fresh milestone and a closely watched Federal Reserve speech is only days away. Both developments raise the stakes for whatever the Treasury decides to do next.
Interest rate strategists at Goldman Sachs and Wells Fargo both said the Treasury Department's expanded bond buybacks will do little to reverse the recent jump in long-term yields. Rates on 10- and 30-year Treasuries briefly dropped after the announcement, then rose again, erasing much of the initial relief, Bloomberg reported.
Goldman Sachs strategists George Cole and William Marshall wrote in an August 21 research note that the buyback expansion "does not address what we see as the main sources of recent long-end volatility." They added that the buybacks are "unlikely to meaningfully reset rate levels even if scaled up."
Wells Fargo strategists led by Erik Nelson made a similar case in their own August 21 note, arguing that lowering long-end yields would require macroeconomic shifts rather than Treasury market operations. They pointed to a slowdown in growth and inflation, less uncertainty around Federal Reserve policy, fiscal consolidation, or a decline in investment-grade corporate bond issuance as the kinds of catalysts actually needed to move yields lower.

#strategists

By Khushi Malhotra
MUMBAI, Aug 24 (Reuters) - India will launch tokenised corporate bonds next month, as it tests the use of blockchain technology to enable instant settlement of ‌bond transactions, three sources with direct knowledge of the matter said on Monday.
The notes, ‌to be issued for the first time by state-owned power financier REC, would place India alongside markets such as Europe and Hong Kong in using the technology for issuance and settlement.
Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger, allowing transactions to be completed almost instantly.
India's markets regulator and central bank are working together on pushing the technology, according ‌to the sources, who spoke on ⁠the condition of anonymity as the discussions are ongoing and confidential.

#Blockchain #transactions #sources #issuance

Markets converge on Jackson Hole Symposium where Fed Chair Kevin Warsh will deliver his first major economic policy address as new Fed Chair. Wednesday delivers an extraordinary data convergence with Q2 GDP revision, July Core PCE, durable goods orders, and crude oil inventories all at 8:30am-10:30am. The week features marquee earnings from Nvidia (NVDA), CrowdStrike (CRWD), Salesforce (CRM) Wednesday, and Marvell (MRVL) Thursday testing AI infrastructure and semiconductor demand. Long-end Treasury yields and debt issuance pressures continue constraining equity valuations amid economic uncertainty. The convergence of Jackson Hole guidance, economic data deluge, and mega-cap earnings establishes market direction heading into September volatility.
Here are 5 things to watch this week in the Market.
Soros Fund Management Opened a New Position in Nebius During Q2. What This Means for NBIS Stock.
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
How to Play MRVL Stock Now as Marvell Technology Expands Its Relationship With Google

#Stock #jackson #wednesday #NVIDIA