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Wealth management executive Bob Oros has been tapped as president of PPB Capital Partners, an alternative investment platform. In the newly created role, Oros will work alongside founder and CEO Brendan Lake to lead the firm’s business operations and infrastructure. Additionally, Oros will manage all aspects of the business and operations. Oros joins PPB while currently serving as vice chairman of the company’s board of directors, a role he has held since September.  Ron Diamond has been named chair of the advisory board at Opto Investments, a private markets investment platform. Diamond will be responsible for advising Opto as it delivers the platform and diligence tools for family offices’ private investments. He is also the founder…

The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.67%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.73%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.93%.  June E-mini S&P futures (ESM26) fell -1.80%, and June E-mini Nasdaq futures (NQM26) fell -2.05%.Stocks sold off sharply on Friday, with the S&P 500 posting a 7-month low and the Nasdaq 100 and the Dow Jones Industrials posting 6.75-month lows. Stocks retreated on Friday amid concerns that a protracted war in Iran will keep oil prices elevated and fuel both inflation and a slowdown in economic growth.  WTI crude oil prices surged by more…

Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products.The Washington Attorney General’s complaint cites the Pacific Northwest state’s existing ban on online gambling and otherwise strict oversight of the gaming market, in claiming Kalshi violated the Washington Consumer Protection Act, Gambling Act, and Recovery of Money Lost at Gambling Act.”Kalshi’s website and app show consumers a range of events that they can bet on and the odds for those various events, which dictate how much the bettor will be paid out if…

Private credit semi-liquid structures are facing their first meaningful stress test and, so far, holding up.  With roughly 75% of the market reported, NAV BDC sponsors have returned more than $5.8 billion in liquidity to investors in the first quarter of 2026, according to Robert A. Stanger & Co., Inc.. The results come amid elevated redemption demand, marking the first instance where proration has been required across the NAV BDC landscape.  The structure’s design is central to the outcome. NAV BDCs typically impose quarterly redemption limits of 5% of shares outstanding. When investor demand exceeds those thresholds, funds either prorate withdrawals or selectively expand capacity, balancing liquidity needs with…

May NY world sugar #11 (SBK26) today is down -0.10 (-0.63%), and May London ICE white sugar #5 (SWK26) is down -0.70 (-0.15%).Sugar prices are under pressure today from higher production in Brazil as sugar mills divert more cane crushing toward sugar output rather than ethanol.  Unica reported today that cumulative 2025-26 Center-South sugar output (October through mid-March) is up +0.7% y/y to 40.25 MMT, with sugar mills boosting the amount of cane crushed for sugar to 50.61% from 48.08% last year. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  …

California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to.The order prohibits “gubernatorial appointees,” public officials appointed to office by the governor of the state, from using “confidential or non-public information” gleaned from performing their duties to profit from related prediction markets.Newsom’s executive order also extends the prohibition to include spouses, family members or former business partners of the appointed officials from using non-public information to profit. “Public…

Wall Street bonuses surged to their highest level on record in 2025, underscoring a profitable year for the financial sector even as headcount growth began to stall. The total bonus pool for New York City’s securities industry climbed 9% from 2024 to $49.2 billion, according to an annual estimate released by New York State Comptroller Thomas P. DiNapoli. The figure surpasses pre-pandemic peaks and approaches inflation-adjusted highs last seen in 2006.  “The securities industry had another strong year in 2025,” DiNapoli said. “When Wall Street does well, it’s good for our state and city budgets, which are reliant on the industry’s significant tax contributions. However,…

Corn futures closed the Thursday session with bulls giving a late push, as contracts were fractionally to 2 ¼ cents higher. May was the lonely holdout, down ¼ cent. The CmdtyView national average Cash Corn price was down 1/4 cent to $4.24 1/2.  Export Sales data from this morning tallied old crop corn bookings during the week of 3/19 at 1.22 MMT. That was back up from last week and 17.1% above the same week last year. Mexico was the top buyer of 428,600 MT, with 319,400 MT sold to Colombia, and 97,200 MT to the Dominican Republic. New crop sales…

Hamilton Lane has made a strategic investment in Republic, an on-chain global investment platform, deepening a partnership aimed at expanding access to private markets through tokenization and digital infrastructure.  The investment reflects Hamilton Lane’s broader strategy to modernize private markets distribution and reach a more diverse investor base, particularly as demand grows for retail access to institutional-quality strategies.  “We believe that private markets are evolving toward a more inclusive and expansive investor base,” said Juan Delgado, co-CEO of Hamilton Lane. “Republic has built a platform that aligns with our approach to thoughtful innovation and meeting investors where they are.”  Republic will use the…

Jack Mallers’ Twenty One Capital is now the second-largest publicly traded Bitcoin treasury by BTC holdings, after miner MARA sold off a portion of its holdings and fell to the number three spot.The newly formed Bitcoin (BTC) treasury company holds 43,514 BTC in its corporate treasury, valued at over $2.9 billion using the market price at the time of this writing, according to data from BitcoinTreasuries.Twenty One Capital becomes the second-largest BTC treasury company by BTC holdings. Source: BitcoinTreasuriesTwenty One Capital was publicly listed late last year following its business combination with Cantor Equity Partners, a special purpose acquisition company.…