• San Diego Padres ownership group agreed to sell the team to a new investor consortium on May 2, awaiting MLB approval.
• The deal, valued at $2.8 billion, includes local business leaders and aims to fund stadium upgrades.
• This sale ends decades of current ownership, promising stability amid the Padres' competitive NL West push.
• Market experts identify fundamentally strong value stocks as attractive investment opportunities following recent market corrections driven by geopolitical tensions and crude oil price volatility.
• Analysts recommend disciplined investors focus on quality companies trading at depressed valuations rather than panic-driven selling, viewing current market weakness as potential entry points for long-term wealth creation.
• Selective turnaround stocks and NBFC sector opportunities are highlighted as potential beneficiaries of market recovery, with emphasis on portfolio construction based on fundamental strength rather than technical indicators.
Treasurer tells Commonwealth Bank podcast that he aims to ‘recognise the decisions that people have taken in the past’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastExisting property investors look set to avoid paying more tax under Labor’s mooted changes to CGT in next month’s budget, after Jim Chalmers said he wanted to “make sure that we recognise the decisions that people have taken in the past” and flagged any reforms would not generate “a huge amount of revenue”.The treasurer is widely expected to modify the flat 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation. Continue reading...
Top buyers promised access at Mar-a-Lago event as Democrats and watchdogs warn of pay-to-play risksDonald Trump is slated to star at a cryptocurrency bash on 25 April at his Mar-a-Lago club for scores of purchasers of his crypto memecoin $Trump that has enriched him while in office. The move is fueling renewed criticism from top Democrats and ethics watchdogs that he is using the presidency for financial gains in a break with ethical norms.The Trump-linked Fight Fight Fight LLC has hyped the event as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD”. It’s promising a luncheon with Trump as its keynote speaker, according to the memecoin’s official website and its social media account. Continue reading...
Adult video platform to sell minority stake to increase stability after death of its founder Leonid RadvinskyBusiness live – latest updatesOnlyFans, the UK adult video platform, is in talks to sell a minority stake to a US investor that will value the business at more than $3bn (£2.2bn).The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital, according to the Financial Times. Sources familiar with the process confirmed the talks to the Guardian. Continue reading...
The S&P breached 7,000 points for the first time in history, in a rally that erased stark losses incurred at start of warWall Street scaled a fresh all-time high on Wednesday amid growing optimism among investors that the US-Israel war on Iran will soon be over.The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8% over the course of the day, finishing at 7,022.95. The tech-heavy Nasdaq also rose 1.6% to 24,016.02, its own record high, while the Dow Jones industrial average remained broadly flat. Continue reading...
Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...
• A survey by AirMDR released on April 14, 2026, in Palo Alto, CA, reveals 80% of US-based cybersecurity investors intend to increase AI cybersecurity funding next year.
• 71% expect decisive ROI from AI tools, with capital shifting toward companies proving operational impact and cost reductions over mere product enhancements.
• Investors prioritize defensible AI technologies delivering real outcomes, signaling strong market confidence but heightened selectivity for enterprise-ready solutions.
• The S&P 500 fell 1.8% Thursday, driven by disappointing earnings from major technology companies that missed analyst expectations on revenue growth and profitability.
• Mega-cap tech stocks including those from leading AI companies dropped 2.3% collectively, erasing early-week gains as forward guidance pointed to slowing demand for enterprise AI solutions.
• The sell-off extended to semiconductor and cloud infrastructure stocks, with the Nasdaq Composite declining 2.1%, signaling growing investor concerns about the sustainability of recent valuations.
Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2 trillionBusiness live – latest updatesSpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace-to-artificial-intelligence group should be valued at $2 trillion.In an unusual move, the company has earmarked a large portion of its shares – potentially up to 30% – for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about £56bn) in what is expected to be the largest public offering in history. Continue reading...
• Blue Owl Capital investors requested $5.4 billion in redemptions from two private credit funds amid accelerating outflows in the financial services sector.
• The fund manager reversed its policy by capping redemptions at 5% to manage liquidity pressures effectively.
• This development highlights rising concerns over private credit market stability amid broader economic uncertainties.
• Financial advisors are recommending patience for investors amid extreme market swings, noting that historical data shows staying invested typically outperforms reactive selling during crises—even during wartime.
• The S&P 500 has retreated to levels not seen since August 2025, with three major indexes all significantly below their recent peaks as geopolitical uncertainty continues to roil markets.
• Investment strategists emphasize that while current volatility is unsettling, panic-driven decisions often lock in losses and can result in missed opportunities for recovery.
• U.S. stocks closed higher on Monday, March 23, 2026, with the Dow Jones Industrial Average rising 1.4% or 631 points to 46,208.47 amid hopes of easing Middle East tensions.
• Nasdaq Composite advanced 1.4% to 21,946.76 led by Albemarle Corporation's 3.5% gain, while S&P 500 gained 1.2% or 74.52 points to 6,581.00 with all 11 sectors positive.
• Consumer Discretionary (XLY), Materials (XLB), and Technology (XLK) sectors rose 2.5%, 1.5%, and 1.5% respectively; VIX fell 2.4% to 26.15 on higher trading volume of 27.94 billion shares.
California jurors hand win to investors who sued billionaire saying he publicly disparaged social media platform in 2022A California jury has ruled that Elon Musk is responsible for Twitter investors’ stock plummeting when he sought to buy the social media platform for $44bn in 2022. Jurors handed the win to a group of investors who sued the billionaire saying he publicly disparaged the company with the aim of bringing down Twitter’s stock price to get a better bargain.The trial, which began earlier this month in federal court in San Francisco, focused on whether Musk intended to move the market with his comments. During a six-month period in 2022, after his offer to buy Twitter, he posted constantly to his millions of followers that the social network was rife with bots that produced spam and created fake accounts. Continue reading...
• The Senate passed a major bipartisan housing bill on March 12, 2026, with an 89-10 vote, marking the largest housing legislation in 36 years, co-sponsored by Senator Tim Scott (R-SC) and Elizabeth Warren (D-MA).
• The bill implements a hard cap preventing institutional investors from purchasing additional single-family homes once they own 350 properties, and requires build-to-rent homes to be sold within 7 years, triggering depreciation recapture.
• The legislation expands manufactured housing definitions to allow factory-built homes without steel chassis, broadens multifamily lending standards, and accelerates permitting timelines to increase overall housing supply.
The US Senate passed the bipartisan 21st Century ROAD to Housing Act (H.R. 6644) on March 12, 2026, by a 89-10 vote, incorporating a temporary prohibition on the Federal Reserve issuing a central bank digital currency defined as a widely available US dollar-denominated digital asset. Section 901(b) bans large institutional investors from purchasing single-family homes, while Title III eliminates the permanent chassis requirement for manufactured homes to boost affordable housing production. The legislation combines House and Senate versions, reflecting Trump administration priorities, and now awaits House reconciliation amid opposition to Senate amendments. Provisions also increase FHA multifamily loan limits and expand appraiser training to address housing supply shortages.
Institutional investors and hedge funds executed defensive portfolio adjustments on Friday, March 13, 2026, reducing exposure ahead of the weekend due to escalating geopolitical risks in the Persian Gulf region and growing stress in the global private credit market. The Nasdaq declined 1.78% to 22,111 and the Dow dropped 1.56% to 46,777 as surging oil prices and Iran-related fears triggered broad risk-off sentiment across markets. Market observers noted that sophisticated investors remained in defensive positions pending clarity on the Strait of Hormuz, with key monitoring points including tanker traffic, Sunday night oil futures, and potential ceasefire negotiations. The S&P 500 has fallen approximately 3% for the month of March, placing the index in negative territory for the year.
Growing stress in the global private credit market contributed to US investors dumping stocks before the March 13, 2026, close, alongside geopolitical risks and hedge fund losses. This pressure, distinct from recession fears, prompted defensive positioning as markets grappled with Persian Gulf uncertainties. Private credit strains, involving non-bank lending to companies, risk amplifying volatility if oil disruptions persist. Watchers note this as a key signal beyond traditional equity drivers.
On March 13, 2026, institutional investors, hedge funds, and traders quietly cut risk positions before US markets closed for the weekend, amid escalating Persian Gulf conflict and Strait of Hormuz uncertainties. This defensive shift reflects pressures from geopolitical risks, hedge fund losses, and stress in global private credit markets, unrelated to recession or earnings. Key weekend indicators include tanker traffic, Sunday oil futures, US naval moves, and ceasefire talks, with S&P 500 futures reaction signaling Monday's open. Smart money remains cautious until Hormuz clarity emerges.
On March 13, 2026, institutional investors and hedge funds trimmed stock positions before the market close due to escalating geopolitical risks, hedge fund losses, and stress in the global private credit market. The Nasdaq slid 1.78% to 22,111, Dow dropped 1.56% to 46,777, and S&P 500 fell 3% for March amid broad risk-off selling. These moves signal defensive positioning until clarity emerges on Persian Gulf naval operations and tanker traffic through the Strait of Hormuz. Key weekend indicators include Sunday oil futures and S&P 500 futures reaction.
The US stock market displayed divergent performance on Friday, March 13, 2026, with the S&P 500 falling to 6,658 (down 14 points), the Nasdaq dropping 100 points to 22,211, while the Dow Jones held relatively steady near 46,702 amid rising geopolitical tensions and volatile oil prices. The VIX volatility index remained elevated at 26.49, signaling sustained market uncertainty, and the S&P 500 is tracking its first three-week losing streak in approximately one year, down roughly 1.1% for the week. Institutional investors and hedge funds reduced risk positions ahead of the weekend, with analysts attributing the decline to normal profit-taking after strong gains in AI and semiconductor stocks earlier in 2026. Key market watchers noted that smart money was likely to remain in defensive positions until clarity emerged regarding the Strait of Hormuz and potential ceasefire negotiations.