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Private credit funds slide as investors sell out
Investment funds run by big financial firms such as KKR (KKR.N), opens new tab and Blue Owl (OWL.N), opens new tab have seen their stock prices slide in recent weeks as investors question the quality of the loans the funds have made. Private credit - lending directly to businesses outside the banking system - has bal
Brazil and Mercosur: a ratification that deepens inequalities
Brazil's ratification of the free trade agreement with the European Union, while presented as a commercial breakthrough, raises profound questions about structural inequalities and the interests of economic elites.
Global Economy Is Facing the Prospect of Another Profound Shock
In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world’s energy supplies. Fear of inflation subsides. But in a more realistic scenerio, the stock market will plunge and the conflict will reach out across the region and may last months or years.
Trump orders US agencies to stop using Anthropic technology
The Trump administration on Friday ordered all U.S. agencies to stop using Anthropic’s artificial intelligence technology and imposed other major penalties, escalating an unusually public clash between the government and the company over AI safety. President Donald Trump, Defense Secretary Pete Hegseth and other clowns won't respect Anthropic's Terms of Use.
Netflix cedes Warner Bros. Discovery to Paramount: “No longer financially attractive”
Netflix backed out of its deal to acquire Warner Bros. Discovery’s (WBD’s) streaming and movie studios businesses on Thursday night. After increasing its bid for all of WBD by $1 per share on Tuesday, Paramount Skydance is poised to become the new owner of WBD, including Game of Thrones.
Paramount offers all-cash to buy Warner Bros. Discovery for about $31 per share.
What Is Happening Right Now Paramount has submitted an all-cash offer to buy Warner Bros. Discovery for about $31 per share. Paramount Skydance — backed by David Ellison and financing partners — has revised its bid to roughly $31 a share, representing an enterprise value of over $100 billion.
Élise Lucet denounces the illusion of credit in the face of financial inequalities
During an explosive confrontation, Élise Lucet highlighted the dangers of credit and debt for the French, challenging the Governor of the Bank of France on the economic reality of ordinary citizens.
Billionaire GOP Mega-Donor Rips Trump Corruption: Been ‘Very Enriching to the Families’ of Admin Officials
Billionaire GOP mega-donor and past Trump supporter Ken Griffin accused the Trump administration this week of corruption and warned that business leaders are concerned about getting trapped in a loop of government coercion.
Bitcoin-led crypto rout erases nearly $500 billion in a week
Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated.
Total crypto market value has slumped by $467.6 billion since Jan. 29, according to CoinGecko data. Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election.
Kings League Receives $63M Investment
Kings League, the Barcelona, Spain-based creator-led sports competition founded by Gerard Piqué, received a $63M investment.
Trade deficit soared 94% in November
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.
CBS News chief Bari Weiss tells staff ‘we’re toast’ if they continue on current path
Addressing her staff three months into her job as CBS News boss, Bari Weiss on Tuesday invoked legendary newsman Walter Cronkite as a symbol of old thinking and said that if the network continues with its current strategy, “we’re toast.” Weiss announced the hiring of 18 new contributors and said CBS News needs to do s