Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund

UMich Sentiment Surges To Pre-War Highs; AI Fears Becoming "Salient" Having rebounded from record (46 year) lows in June, University of Michigan's final July Sentiment survey was expected to show further improvement MoM, but a slight decline from the preliminary print as gas prices started rising again following the apparent end of the MoU-driven MidEast ceasefire. However, from 49.5 final for June, UMich headline print rose to 54.4 preliminary and has now jumped further to 55.2 (54 exp) final - the highest since February. Both Current Conditions and Expectations sub-indices also rose with...

A US F-18 attacked and disabled an Iranian-flagged civilian ship in the Gulf of Oman. “US Central Command (CENTCOM) forces observed M/T Hasna as it transited international waters enroute to an Iranian port on the Gulf of Oman,” a statement from CENTCOM published on Wednesday said. “After Hasna’s crew failed to comply with repeated warnings, […]

Goldman Slashes Global PC Shipment Forecast As Memory Chip Crunch Derails Upgrade Cycle The global PC market is facing mounting pressure as a worsening memory-chip crunch, limited product availability, and consumers balking at higher prices threaten to deepen the downturn. These headwinds prompted Goldman analysts to "further trim" their PC shipment forecasts for this year and next. "We further trim our global PC shipment estimates for 2026-27E, considering the near-term pressures of higher memory and CPU costs, and the flattening replacement cycle following the end of Win 10," said Allen...