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The has fallen by close to 5% in the last month, roughly the span of time since the start of the U.S. conflict with Iran, but some stocks have bucked the trend by heading upward during that window. Of course, certain industries—airlines, for example—have already been hit particularly hard on the anticipation of service disruptions, increased costs related to energy shortages and price spikes, and so on. But some companies—including select firms that pay a dividend as an added bonus for investors—may have further room to run even despite the challenging market conditions. Investors looking for a potential momentum play…

Italy’s competition authority fined Revolut €11.5 million on April 2 for three consumer protection violations. The €1.5 million charge over IBAN migration reveals the structural cost of serving Italian customers through a Lithuanian licence.    The intelligence layer for fintech professionals who think for themselves. Primary source intelligence. Original analysis. Contributed pieces from the people defining the industry. Trusted by professionals at JP Morgan, Coinbase, BlackRock, Klarna and more. Join the FinTech Weekly Clarity Circle →     Italy’s competition authority, the Autorità Garante della Concorrenza e del Mercato (AGCM), fined Revolut €11.5 million on April 2 for unfair commercial…

Blue Owl is experiencing elevated redemption requests for two of its private credit funds, according to letters to shareholders issued Thursday.The firm’s flagship OCIC fund, with about $36 billion in assets under management, received redemption requests of about 21.9% of shares outstanding during the first quarter, the firm said. Blue Owl’s smaller, tech-oriented fund, OTIC, received redemption requests of 40.7% during the same period, it said. In both of the funds, Blue Owl opted to cap requests at 5%. Blue Owl attributed the higher-than-usual requests to “heightened market concerns around AI-related disruption to software companies.””We continue to observe a meaningful…

is China’s music streaming leader, amassing a huge market share. The entertainment company boasts approximately 528 million monthly active users (MAUs) and generated $1 billion in revenue from online music services in its latest quarter. Meanwhile, the company’s top competitor, NetEase, brought in just $282 million in music revenue. With such a wide lead in revenue share, the “Spotify of China” is a fitting moniker for Tencent Music Entertainment. However, unlike Spotify Technology, an emerging competitor is taking serious swings at TME’s dominance, frightening investors. This has been one of the key factors that have caused the stock to fall…

National Economic Council Director Kevin Hassett reacts to the US March jobs report and discusses oil market supply disruptions related to the war in Iran and the potential impact of oil prices on the US economy. (Source: Bloomberg)

BOJ keeps rate‑hike door open even as Iran war squeezes firms

Central bank independence is a social and political convention, often enshrined in law, that addresses a basic tension between the short-term interests of those who rule and the long-term interests of those who are governed.Current convention has its origins in:the demonstrated capacity of central banks to tame rampant inflation, though at some economic cost (Paul Volcker in the 1980s);the demonstrated ability of central banks to maintain price stability, if not subject to fiscal dominance (the Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along…

Analyst Report: BJ's Wholesale Club Hldg Inc

With uncertainty looming large over the Iran war – and the oil market – Morgan Stanley is recommending investors play defense in their portfolios. President Donald Trump dashed traders’ hopes for a resolution to the Iran war when he spoke on Wednesday night, saying that the U.S. would hit Tehran “extremely hard” and he suggested that the conflict could go on for weeks. Oil prices surged in response , with West Texas Intermediate crude futures for May delivery jumping more than 11% to settle at $111.54, its highest close since June 2022. Brent crude futures for June delivery advanced settled…

In Southeast Asia, economic development has transformed much of the region. Brunei, having been blessed with, has seen its economy transform last century. Will this century continue to see that and will the like of fintech help?Around the rest of Southeast Asia, notably in neighbouring Singapore and Malaysia for instance, fintech and wider digital economic development has been playing significant roles in recent economic development. How has fintech in Brunei been and can this have a similar role as it is in the rest of Southeast Asia?Digital Transformation as Economic DiversificationFintech development in Brunei is closely tied to its long-term…