JPMorgan Chase limits loans to select private credit funds after marking down software company loans, highlighting stress in the $1.8T sector from AI risks, investor withdrawals, and tighter standards.
Blue Owl Capital's shares fell sharply after limiting withdrawals from a key private credit fund and selling $1.4B in loans. This highlights risks in the growing $1.8 trillion private credit market for everyday investors.
QXO lands $1.2B investment from Apollo Global Management to fund acquisitions in building products distribution, with convertible preferred stock deal extending through 2026.
WPP shares surged after reports suggested interest from Havas and private equity firms Apollo and KKR, fueling speculation of a potential takeover bid.
Private equity firm Apollo withdrew its $64-a-share bid for Papa John's due to tightening consumer spending and expected tough Q3 earnings (7% drop).
Shares of Zions Bancorp and Western Alliance tumbled after disclosing loan fraud tied to distressed commercial mortgages. This adds to wider concerns about asset quality, following bankruptcies like Tricolor and First Brands, and raises questions about regional lenders' risk exposure.
