Group 1 - The article discusses the concentration of market leadership and its potential implications for future returns, citing the dot-com bubble as a historical example where the top 10 stocks' market capitalization rose from 15% to 24% between 1997 and 2000 [1] - Long-duration bonds are regaining their role as core diversifiers as yields on long-term Treasuries and investment-grade corporates have climbed to levels more in line with historical averages, although medium-term declines in yields are anticipated [2] - The ultrawealthy have access to a private stock market for early-stage companies, creating a two-tier market where privileged investors can buy shares before public listings, leaving others with slower-growing options [3] Group 2 - The SEC's initiative to democratize access to private market investments has been criticized as an irresponsible move away from foundational securities laws, according to SEC Commissioner Caroline Crenshaw [4] - A proposed small-business provision could allow mutual funds and other investment companies to omit certain fees from their disclosures, raising concerns about investor protection and transparency [5] - A significant shift is occurring in defined contribution plans, with 25% of advisers likely to recommend alternative investments following a policy change by the Department of Labor [6] Group 3 - The article highlights the convergence of public and private markets, exemplified by BlackRock's shift from traditional asset management to a broader investment strategy [8] - The predictive power of fees on fund performance has strengthened in recent years, indicating a growing importance of fee structures in investment decisions [9] - Ares CEO has expressed skepticism regarding the value of retail partnerships that combine traditional and alternative products, despite exploring potential collaborations [10] Group 4 - Blackstone's BCRED has reported record fundraising and an increase in share repurchases, with an estimated 4.5% of shares outstanding repurchased in the fourth quarter [13]

SRx Health Solutions - SRx Health Solutions has entered into a definitive agreement to acquire EMJ Crypto Technologies, marking a strategic shift towards a digital-asset treasury platform [1] - The acquisition is expected to close in the first quarter of 2026, pending shareholder approval, with the combined entity operating under the EMJX name [1] - EMJX's "Gen2" treasury framework emphasizes multi-asset exposure and systematic risk controls, reflecting the evolution of digital-asset treasuries towards institutional-grade capital discipline [2] Leadership and Technology - Eric M. Jackson, founder of EMJX, is set to become the CEO and Chairman of the combined company, indicating a strong leadership focus [3] - The platform's risk-aware design is supported by EMJX's proprietary Quantitative AI and Machine Learning Engine, aimed at compounding treasury capital while minimizing shareholder dilution [3] Xeriant - Xeriant has consolidated its development efforts under the Factor X Research Group, led by Brig. Gen. (Ret.) Blaine D. Holt, to streamline development across various advanced technologies [4] - The company is preparing its NEXBOARD™ eco-composite panel for formal certification testing, indicating progress towards commercial qualification [5] - Xeriant's transition into a product-level execution phase reflects a strategy seen in successful companies that combine technical innovation with disciplined commercialization [6] B. Riley Financial - B. Riley Financial reported a net income of $137.5 million for Q2 2025, a significant recovery from the previous year's loss, and is working towards restoring reporting consistency [7] - The quarter's performance was bolstered by gains from the sale of GlassRatner and senior note exchanges, alongside a reduction in total debt by approximately $314 million since year-end 2024 [8] - The timely filing of its Form 10-Q is expected to enhance investor confidence, shifting the company's narrative from remediation to normalization [9] AMC Robotics Corporation - AMC Robotics has reached a new 52-week high on record volume following its SPAC merger, becoming a focal point in the robotics sector [11] - The company's low public float and recent Nasdaq listing have contributed to increased volatility and interest from momentum-driven traders [12] - AMC Robotics is positioned at the intersection of sector momentum and speculative interest, facing the challenge of translating early attention into sustained operational validation [13]

Welcome back to Squawkbox. Want to get right to our next guest. Here to talk markets, the economy, the Fed, deal making, uh, M&A, AI, healthcare, and so much more is Peter Rosak.He's the CEO of Lazard, former director, of course, of the Office of Management and Budget under President Obama. And I always think in this role you have, you have a your finger on the pulse of the corner office of businesses around the world, frankly. And I think we're all trying to figure out where things really are.We'll get som ...

Core Insights - Goldman Sachs analysis indicates that investors are beginning to understand the underlying reasons for job loss announcements by companies [1] Group 1 - Companies are facing scrutiny from investors regarding the motivations behind their job cuts [1] - The analysis suggests that these job losses may not solely be a response to economic conditions but could reflect deeper strategic shifts within companies [1]

Global Economy & Policy Insight Weekly 10 December 2025 Takahide Kiuchi is executive economist at Nomura Research Institute. This is his personal view. Takahide Kiuchi t-kiuchi@nri.co.jp To receive this publication, please contact your local Nomura representative. Estimating the economic hit from possible China restrictions on rare earth exports to Japan Summary: The Chinese government has responded to Prime Minister Sanae Takaichi's recent remarks about Taiwan by asking Chinese citizens to refrain from tra ...

Global Macro Outlook 2026 Global Markets Research 11 December 2025 Going for growth We expect strong growth to continue in 2026, bolstered by the AI-led investment boom and more supportive monetary and fiscal policies. Research Analysts Global Economics Rob Subbaraman - NSL rob.subbaraman@nomura.com David Seif - NSI david.seif@nomura.com Aichi Amemiya - NSI aichi.amemiya@nomura.com George Buckley - NIplc george.buckley@nomura.com Ting Lu - NIHK ting.lu@nomura.com Kyohei Morita - NSC kyohei.morita@nomura.com ...

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger.Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from Wall Street, the flow of Middle East money and US President Donald Trump’s role as both disruptor and dealmaker.Global transaction values have risen around 40% to about ...

New York, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $4.0 Million for its client Jiuzi Holdings, Inc. (NASDAQ: JZXN)(the “Company” or “Jiuzi”), a China-based company focused on sustainable energy and financial innovation. Under the terms of the securities purchase agreement ...

Core Insights - B. Riley Financial, Inc. reported a net income of $137.5 million for the second quarter of 2025, aligning with previous estimates of $120 million to $140 million [1][5] - The company successfully filed its Quarterly Report on Form 10-Q ahead of Nasdaq's compliance deadline, reflecting significant improvements in financial operations [2] Financial Performance - Net income of $137.5 million includes gains of $66.8 million from the sale of GlassRatner and $44.5 million from senior note exchanges, a significant recovery from a net loss of $(435.6) million in the second quarter of 2024 [5] - Income from continuing operations was $71.7 million, compared to a loss of $(449.2) million in the same period last year [5] - Revenues increased to $225.3 million from $94.9 million year-over-year, primarily due to a prior loss on fair value adjustments on loans [5][16] - Operating adjusted EBITDA from continuing operations was $38.5 million, up from $31.2 million in the second quarter of 2024 [5][18] Debt and Cash Position - Total debt decreased to $1.46 billion from $1.77 billion as of December 31, 2024, with net debt at $824.8 million [5][19] - Cash, cash equivalents, and restricted cash amounted to $268.6 million, an increase from $247.3 million at the end of 2024 [5][19] Company Overview - B. Riley Financial, Inc. is transitioning its name to BRC Group Holdings, Inc. on January 1, 2026, and operates as a diversified holding company with interests in financial services, telecom, and retail [4] - The company provides customized financial solutions for small-cap and middle-market companies, including services in capital markets, wealth management, and telecom [4]

By Milana Vinn Dec 15 (Reuters) - Goldman Sachs is restructuring its influential technology, media, and telecom (TMT) investment banking group with an eye ​toward infrastructure deals and artificial intelligence, creating two new teams ‌with new leaders, according to the internal memo seen by Reuters. The bank is combining its ‌telecom and "CoreTech" teams to form a new Global Infrastructure Technology sector. The unit will be co-headed by partners Yasmine Coupal and Jason Tofsky. Coupal, a partner sinc ...