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Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem
The Wall Street Journal7d agoneutral
Daily Briefing: Higher Rates Deepen Private Equity’s Zombie-Fund Problem

Higher interest rates threaten to prolong private equity’s record $349 billion backlog of “zombie funds,” making exits harder, squeezing fee income and potentially forcing some firms to shrink. The Federal Reserve’s decision to raise interest rates on Wednesday will deepen problems in their portfolios from a generation of buyouts that are stuck. The bigger the logjam gets, the harder it will be to raise new funds, reducing the fee income private-equity firms rely on, a cycle that can spiral.

Major Wendy’s franchisee declares bankruptcy
Restaurant Dive7d agobearish
Major Wendy’s franchisee declares bankruptcy

Meritage Hospitality Group, which operates 314 Wendy’s units, has closed at least 60 units and opted out or altered the breakfast daypart to improve store-level EBITDA.

Vicor Stock Surges 18% Following AI License Agreement
TIKR7d agobullish
Vicor Stock Surges 18% Following AI License Agreement

Key Stats for Vicor StockPrice change for Vicor stock in last 1 year: 302%$VICR Stock Price as of Sep. 17: $21652-Week High: $383$VICR Stock Price Target: $386What Happened?Vicor (VICR) stock jumped about 18% on Thursday after the company announced a new licensing deal tied to the booming AI infrastructure market.

Meta’s AI Agent Has a Trust Problem
The Wall Street Journal7d agoneutral
Meta’s AI Agent Has a Trust Problem

Last week, Meta rolled out Muse, Chief Executive Mark Zuckerberg’s “personal AI agent built for everyone.” In Meta’s telling, it also democratizes AI. Zuckerberg first described his vision for “personal superintelligence” last year and previewed Muse in an August essay where he spoke of “putting power in people’s hands to pursue their own aspirations.”

Stock Futures Rise as Post-Fed Tech Rally Rages On
Barrons.com7d agobullish
Stock Futures Rise as Post-Fed Tech Rally Rages On

Stocks were on course to extend their recent rally on Friday as investors carried on loading up on tech names in particular in the aftermath of the Federal Reserve’s interest-rate hike. Nasdaq 100 futures rose 0.6%. Dow Jones Industrial Average futures climbed 97 points, or 0.2%.

Thursday Recap: Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal7d agobullish
Thursday Recap: Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. Chip stocks rallied. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices.

Rambus (RMBS) Stock Looks Rich Based On Current Earnings
Simply Wall St.7d agoneutral
Rambus (RMBS) Stock Looks Rich Based On Current Earnings

Rambus has seen a sharp reset in sentiment over the past year, even after a very strong multi year run. This puts fresh focus on whether the current share price lines up with what its earnings can justify. With the stock closing at US$85.87, the key issue is how that market price stacks up against the profits the business is generating today. Over the past 5 years Rambus has delivered a total return of 273.7%, which makes the question of what investors are now paying for each dollar of...

SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow
Bloomberg7d agoneutral
SoftBank Raises Arm Margin Loan to $25 Billion as AI Bets Grow

SoftBank Group Corp. has increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, according to people familiar with the matter, as the conglomerate finds ways to fund its expanding investments in artificial intelligence.

Stock Market: Will S&P 500 Open Up or Down Today?
Benzinga Prediction Markets7d agoneutral
Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures are posting slight gains early Friday as investors digest targeted geopolitical sanctions, debates over Federal Reserve independence, and the Bank of Japan’s 31-year high rate-hike decision. The Polymarket (CRYPTO: POL) crowd is leaning bullish for the Sept....

GNRC- Solidifying its Position as an AI Play After Amazon Deal
MoneyShow7d agoneutral
GNRC- Solidifying its Position as an AI Play After Amazon Deal

The market is currently pricing in what would be the shallowest interest rate hike cycle in modern history. Meanwhile, shares of Generac Holdings Inc. (GNRC) soared after the maker of generators signed a long-term contract with Amazon.com Inc. (AMZN) to supply $8 billion worth of generators for its data centers, highlights Amber Kanwar, host of the In the Money with Amber Kanwar podcast.