The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Black smoke filled the skies, and water mixed with oil rained down on the Iranian capital of Tehran on Sunday, following a US-Israeli strike that blew up oil facilities, marking a new escalation of the bombing campaign. The Israeli military said on Saturday that it struck “several fuel storage complexes” around the city, and according […]

GOP Lawmakers Leery Of Trump's Billion-Dollar Ballroom-Security Package Wary of the terrible election-year optics, some federal Republican legislators are less-than-enthusiastic about approving a request for a billion dollars in security funding relating to President Trump's White House ballroom project. Some of them shared those feelings with reporters after they received a Tuesday afternoon closed-door briefing by Secret Service Director Sean Curran.  When he first rolled out the 90,000-square-foot ballroom project, Trump repeatedly emphasized that the project would cost $200 million and be funded entirely with private donations. Now the ballroom itself is...

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...