Global Net Lease is poised for significant gains if upgraded by S&P or Fitch, reducing debt costs and improving cash flows and stock valuation. Having investment grade rated debt would improve GNL's ability to win business and competitive position in net lease space. Having a lower cost of debt will also improve profitability and reduce the discount rate used to value the cash flows.
The recently announced spinoff of Mobility allows for greater focus on core businesses, which are also the higher margin operations. This is the first material transaction under the new CEO, which is always revealing on underlying strategy going forward. A negotiated transaction (vs. spinoff) may still be in the cards, Mobility checks all the boxes for private equity firms.
Global FinTech platform iCapital said Tuesday (May 13) that it will acquire Citi's indirect subsidiary, Citi Global Alternatives. Citi Global Alternatives is the adviser to Citi Wealth's global alternative investment fund platform, iCapital said in a Tuesday press release.
Hertz Global's loss widened, and it logged lower revenue in the first quarter, sending its stock lower in late trading, despite commentary from executives that the company's turnaround efforts are bearing fruit.
Trump's supportive stance on crypto, easing regulatory control, international expansion and a compelling portfolio position COIN for growth.
I am neutral on Remitly Global despite strong 1Q25 results; user growth is slowing, take-rate pressure persists, and valuation has significantly rerated. RELY's revenue grew 34.4% y/y, active users up 29% y/y, and adj. EBITDA margin hit 16.2%, showcasing a strong performance. New growth avenues in high-amount senders and micro-businesses are promising, but user growth deceleration and lower take rates raise concerns.
Revenue rose 12.9% YoY to $466.1M, adjusted EPS grew 28% to $1.92, and student enrollment reached 94,223 (+9.8% YoY), driven by organic growth at Chamberlain and. Adtalem has transformed into a specialized healthcare educator, addressing structural shortages in nursing, mental health, and medical fields while expanding tech-driven learning like AI simulations. Free cash flow exceeded $230M, net leverage dropped to ~1.1x EBITDA, and the company completed a $300M buyback with a new $150M authorization announced through.
Coinbase Global Inc (NASDAQ:COIN) is down 0.9% to trade at $204.57 at last glance, after the cryptocurrency exchange platform shared a first-quarter earnings and revenue miss.
U.S. federal regulators, in a final environmental report, recommend Venture Global LNG's CP 2 export project in Louisiana get the go-ahead, according to a document.
U.S. Global Investors (NASDAQ:GROW) told shareholders it plans to expand its exposure to digital assets, ramp up its gold strategy, and build momentum behind its defense-focused ETF in the coming quarters.
Torsten Slok of Apollo Global Management talks abut the Federal Reserve's role as a backstop for the U.S. economy and the tools it could use to calibrate it.
Abacus Global Management (NASDAQ:ABL) more than doubled its revenue and adjusted earnings in the first quarter of 2025, driven by increased capital deployment and rising demand for alternative assets, the company said on Thursday. The New York-based asset manager posted total revenue of $44.1 million for the quarter ended March 31, up from $21.5 million a year earlier, fueled by gains in its Life Solutions business and a full quarter of fees from acquisitions completed late last year.