US stocks slipped on Friday on a hot inflation report and mounting AI disruption fears 

UK's FTSE 100 hit a fresh ATH

Europe's Stoxx 600 hit a fresh ATH after rising for an eighth-straight month in its best win streak since 2013 

Hong Kong's Hang Seng Tech Index dropped 10% in its worst month in two years on earnings fears

Global investment grade spreads widened 8 bps last month to 82 bps points in the most since November, but remain well below the 10Y average of 119 bps

Chinese yuan is up 2% YTD versus dollar with PBOC moving to slow the advance

Pound hit a two-month low versus Euro

Berkshire Hathaway posted a 30% drop in operating profits as insurance underwriting took a 54% hit in Buffett's final quarter as CEO; new CEO Greg Abel published his first annual letter to shareholders linked below (CNBC)

What we're watching this week:  

Full calendar here

Not priced in yet. Gotta wait for the Europeans to finish their weekending

Trade event contracts on Polymarket, the world's largest prediction market

US nerfed Iran 'ahead of schedule' (CNBC)

Polymarket Iran volume topped $530M with insiders winning big (BBG)

Investors brace for a bigger backlash from Middle East war (RT)

Hedge funds hike bullish oil bets to a two-year high (BBG)

US wholesale inflation rose to 2.9% YoY (CNBC)

Fed mounts challenge to DOJ subpoenas (WSJ)

Venezuela suspended 19 O&G contracts signed under Maduro (RT)

Blackstone CEO Schwarzman took home a record $1.24B in 2025 (BBG)

PE enters 'Darwinian' era as experts warn of fund extinction (CNBC)

AI CapEx is fueling strongest EM earnings in two decades (BBG)

China traders sell Hong Kong stocks on earnings frustration (BBG)

China capital markets rebounded last year (BBG)

0DTE options boom comes for Big Tech as hedging picks up (BBG)

Wall Street's quant playbook gets upended as AI reorders market (BBG)

JPMorgan warned that up to $150B of CLOs are at-risk (BBG)

Bain Capital warned of software default rates hitting double digits (BBG)

Goldman bucks private credit redemption trend despite AI fears (RT)

Private credit firms are using accounting tools to mask leverage (RT)

Pentagon partnered with OpenAI after Anthropic fallout (BBG)

Nvidia is planning a new chip (WSJ)

Ex-Moelis banker will plead guilty in global insider trading case (BBG)

Bill Clinton told Congress he wasn't aware of Epstein crimes (BBG)

One in four Americans support US strikes on Iran (RT)

Idaho Finance saved $750k/year by replacing their IVR with AI voice agents

MyPlanAdvocate added $40M/year by automating their inbound lead qualification

Needle saved $1M/year by automating outbound calls

Paramount Skydance paid a $2.8B breakup fee owed to Netflix after Netflix dropped out of bidding; Paramount will acquire Warner in a $112B deal

BlackRock-owned Global Infrastructure Partners and European PE firm EQT are in advanced talks to acquire $12B-listed power company AES

Zurich Insurance Group is nearing an agreement to acquire UK specialty insurer Beazley for $10.8B

Blackstone, Brookfield, Advent, Bain, EQT, and CVC advanced to the next round of bidding for Volkswagen's diesel engine unit Everllence, with bids over $9.4B

Investment firm Victory Capital submitted a cash-and-stock bid for asset manager Janus Henderson at an $8.6B valuation, topping hedge fund Trian and General Catalyst's earlier $7.4B offer

Canadian financial services firm Fairfax is the frontrunner to buy a majority stake in $8B-listed Indian state-owned IDBI Bank

Data center firm Equinix and Canada's CPPIB agreed to acquire Partners Group-backed Nordic data center operator atNorth at a $4B valuation, including debt

Australia's Macquarie is weighing a deal to acquire a 50% stake in land title registry service firm Secure Electronic Registries Victoria at a $2.8B valuation

Malaysian conglomerate Sunway is prepared to walk away from its $2.7B offer to acquire builder IJM if shareholders do not accept the deal by April 6

Advent is considering a take-private of $1.7B-listed UK engineering-solutions company Senior

Brookfield acquired AI cloud-computing firm Ori Industries and merged it into Radiant, a new AI infrastructure now valued at $1.3B

Ares bought Netflix's London office for $216M

Aussie investment firm Magellan Financial agreed to buy Aussie investment bank Barrenjoey in a $1.1B deal 

OpenAI raised $110B at a $730B pre-money valuation from Amazon, Softbank, and Nvidia

Fintech Plaid sold secondary shares at an $8B valuation

AI hardware engineering startup Flux raised $37M, including a $27M Series B led by 8VC

STS Digital, a Swiss digital-asset derivatives trading platform, raised a $30M funding round led by CMT Digital

L.E.S.S., a Swiss nano-active fiber lighting startup, raised a $22M Series C 

Rentberry, a proptech automating long-term rentals, is raising a $20M pre-IPO round

Boardy, an AI venture-sourcing platform, raised an $11M seed round from Creandum, 8VC, and others

SpaceX may file confidentially for a ~$50B IPO as soon as March

Sunway Healthcare, the healthcare arm of Sunway, is seeking to raise $737M at an over $4B valuation in what could be Malaysia's biggest IPO in a decade

Nintendo announced a $1.9B share sale by MUFG Bank, Bank of Kyoto, and others

Thai business conglomerate Charoen Pokphand is seeking to sell a 10% stake in its telecoms affiliate True Corp. for $1.6B

UI Boustead REIT began taking investor orders for an IPO that could raise $770M at a $1.2B valuation

Indian vaccine developer Bharat Biotech is considering raising over $500M in an India IPO

Visa and SWFs QIA and ADIA will commit over $200M as cornerstone investors in SoftBank-backed Japanese fintech PayPay's US IPO, which could fetch a $14B valuation

Senior housing REIT Janus Living filed for an IPO

European clean energy developer ThomasLloyd Climate Solutions agreed to merge with Roman DBDR Acquisition Corp. II in an $850M deal

$3B-listed Trump Media is considering spinning off Truth Social into a separate company via merger with SPAC Texas Ventures Acquisition III

Blackstone launched a SPAC to acquire data centers

Paramount Skydance will finance its $112B acquisition of Warner Bros. Discovery with $57.5B of investment grade and junk debt, with Bank of America, Citigroup, and Apollo providing a bridge loan

Victory Capital will issue $4.1B of new debt as part of plans to acquire Janus Henderson

Data center supplier Wesco raised $1.5B in an upsized junk bond sale that saw $6B in orders

Private credit lenders to a German insurance broker Global Gruppe's are pushing for a higher margin on a $1.4B loan due to AI fears

Failed UK mortgage firm MFS' creditors warned of a $1.3B collateral shortfall

Bond investors sued JPMorgan, Barclays, and Fifth Third for missing 'giant red flags' at collapsed subprime auto lender Tricolor

Crypto VC giant Paradigm plans to raise $1.5B for a new fund to expand focus to AI and robotics 

Tether it froze $4.2B of stablecoin over crime links

Judge ruled Binance cannot arbitrate customer claims over crypto losses

Morgan Stanley filed for a US bank charter to custody crypto assets

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Ben Carlson wrote a great piece on AI adoption and job displacement, with perspectives rooted in history. Read it here.

Greg Abel penned his first letter to shareholders as Berkshire's new CEO. Check out some highlights and read his letter here.

FT published a short piece on the Silicon Valley billionaires spending big to write America's AI rules.