Brookfield Corp. saw its distributable earnings rise 12 per cent, slightly ahead of analyst expectations compiled by Visible Alpha. CEO Bruce Flatt wrote in a shareholder letter that he’s bullish on the return of nuclear power projects, like the one it’s working on with Westinghouse, as well as the increasing demand for wealth management products from retirees. (The Logic)

Talking point: Brookfield’s vast empire, which involves investments in everything from humanoid robots to real estate, gives the company a wide view of the economy, which Flatt characterized as “resilient” despite ongoing trade uncertainty, a soft labour market and global public debt near 100 per cent of GDP. Still, Brookfield Corp.’s shares fell over seven per cent on Thursday afternoon. The company plans to double the size of both its asset management business and its insurance assets within the next five years, Flatt’s letter said.