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Blue Owl posts slower inflows to credit, real assets support profits

Blue Owl posts slower inflows to credit, real assets support profits

By Isla Binnie and Manya Saini NEW YORK, July 30 (Reuters) - Alternative asset manager Blue Owl posted quarterly profit in line with estimates and growth in its data center-focused business, but a pullback by the wealthy individuals who powered its rapid growth weighed on its credit unit.

Blue Owl's second-quarter profit rises, AUM reaches $319 billion

Blue Owl's second-quarter profit rises, AUM reaches $319 billion

By Isla Binnie and Manya Saini NEW YORK, July 30 (Reuters) - Alternative asset manager Blue Owl posted a higher second-quarter profit on Thursday, driven by its fee-related earnings and growth in assets under management to $319 billion.

KKR's profit jumps on dealmaking strength, asset growth

KKR's profit jumps on dealmaking strength, asset growth

By Isla Binnie July 30 (Reuters) - KKR raked in higher fees from managing a growing stack of assets and cashed out on more investments in the second quarter, the New York-based investment firm said on Thursday.

KKR profit leaps as private equity deals flourish

KKR profit leaps as private equity deals flourish

By Isla Binnie July 30 (Reuters) - KKR's second-quarter profit beat market expectations on Thursday, as it raked in higher fees from managing a growing stack of assets and cashed in on a bumper run of asset sales in the second quarter.

KKR's profit beats estimates on dealmaking strength, asset growth

KKR's profit beats estimates on dealmaking strength, asset growth

By Isla Binnie July 30 (Reuters) - KKR's second-quarter profit beat market expectations on Thursday, as it raked in higher fees from managing a growing stack of assets and cashed out on more investments in the second quarter.

JetBlue recaptures nearly half of fuel cost surge, beats Street estimates

JetBlue recaptures nearly half of fuel cost surge, beats Street estimates

By Doyinsola Oladipo and Nandan Mandayam July 28 (Reuters) - JetBlue Airways on Tuesday reinstated its annual outlook, beat Street estimates and introduced a profit target for 2028 despite ongoing fuel headwinds due to the Middle East war, sending shares of the low-cost carrier up nearly 10%.

Meta cash flow craters as Zuckerberg doubles down on AI spending

Meta cash flow craters as Zuckerberg doubles down on AI spending

By Katie Paul and Jaspreet Singh July 29 (Reuters) - Meta Platforms reported a 91% drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant's costly AI buildout amid an uncertain payoff.

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

By Scott DiSavino July 28 (Reuters) - Oil prices dropped 5% on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East. Brent futures fell $4.61, or 5.2%, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S.

Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.

Dollar eases as markets await Fed decision

Dollar eases as markets await Fed decision

By Saqib Iqbal Ahmed NEW YORK, July 28 (Reuters) - The U.S. dollar slipped but remained near a one-month high on Tuesday, as traders weighed the prospect of a Federal Reserve interest-rate hike this week, even as falling oil prices eased some inflation concerns.

Meta, BlackRock partner on $14 billion El Paso data center venture

Meta, BlackRock partner on $14 billion El Paso data center venture

By Jaspreet Singh July 28 (Reuters) - Meta Platforms and the world's largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.

PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 (Reuters) - PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".