Today: 20 March 2026
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NASDAQ:CG 10 August 2025 - 10 March 2026

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs is offering hedge funds a total return swap to bet on corporate loans tied to software, as AI concerns spread in credit markets, Reuters reports. No trades have been executed yet. Morgan Stanley estimates software makes up 16% of the $1.5 trillion U.S. loan market, with half rated B- or lower. Private credit activity is rising, with major banks allocating tens of billions to the sector.
Cygnet’s $1.4 B Oil Patch Power Play – Kiwetinohk Shareholders Score Big Premium in Alberta Energy Deal

Cygnet’s $1.4 B Oil Patch Power Play – Kiwetinohk Shareholders Score Big Premium in Alberta Energy Deal

Cygnet Energy will acquire Calgary-based Kiwetinohk Energy in an all-cash deal valued at C$1.4 billion, including debt. Kiwetinohk shareholders will receive C$24.75 per share, about 10% above the last closing price. The combined company will produce over 44,000 barrels of oil equivalent per day. The transaction is expected to close by late December 2025, pending approvals.
Record Closing Highs, GPT-5 Unleashed, and a $500 Billion Surprise – Business News Roundup (Aug 9–10, 2025)

Record Closing Highs, GPT-5 Unleashed, and a $500 Billion Surprise – Business News Roundup (Aug 9–10, 2025)

The Nasdaq Composite closed at its 18th record high of 2025. OpenAI launched GPT-5 for 700 million users, targeting a $500 billion valuation. Federal Reserve Vice Chair Michelle Bowman signaled three rate cuts likely by year-end. Nexstar Media Group entered advanced talks to acquire Tegna, sending Tegna shares up 30%.

Stock Market Today

  • Stora Enso Share Price Declines 15% in One Month Amid Valuation Debate
    March 20, 2026, 11:48 AM EDT. Stora Enso Oyj (HLSE:STERV) shares have dropped 15% over the past month, continuing a downward trend with a 9.2% weekly decline and 10.6% fall year to date. Despite this, the stock's 1-year total return remains positive at 2.9%, underscoring mixed investor sentiment. Simply Wall St's valuation model estimates a fair value of €11.55, above the current close near €9.67, suggesting the stock is undervalued. This outlook is supported by Stora Enso's focus on sustainable packaging and growth in renewable products. However, the valuation depends on stable demand and pricing; rising wood and energy costs could undermine margins. Investors face a complex picture balancing recent share price weakness against potential long-term growth in a shifting market landscape.
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