Supreme Court Strikes Down Trump Tariffs - But He Has 'Backup Plan'

Landmark Decision: Federal Appeals Court Rejects New Jersey's AR-15 And Magazine Bans In a major victory those seeking to rid America of bans on so-called "assault weapons," for the first time ever, a federal appeals court has ruled that a state's ban on AR-15s and similar rifles, and its ban on "high-capacity" magazines, violate the 2nd Amendment to the US Constitution. The bans in question had been enacted by New Jersey, but the ruling carries weight throughout the jurisdiction of the United States Court of Appeals for the Third Circuit, which also...

US Central Command said on Tuesday that its forces boarded and then released a commercial ship in the Arabian Sea, as the US continues to enforce the blockade on Iranian ports, the main impediment to US-Iran peace talks. “Earlier today in the Arabian Sea, US Marines from the 31st Marine Expeditionary Unit boarded M/V Blue […]

Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...