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Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022
Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022
It only took a constant barrage of negative news surrounding the private credit space, including a surge in redemptions, investor gating, questions about loan markets as well as outright fraud, not to mention relentless criticism from of some of the biggest luminaries in credit, including Saba's Boaz Weinstein and Diameter's Scott Goodwin, for Blackstone to concede that its private credit book may have been mismarked.
According to Bloomberg, Blackstone's flagship private credit fund - and the world's largest...
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May 12, 2026 / Tyler Durden
Altman Fires Back At Musk During OpenAI Trial Testimony
Altman Fires Back At Musk During OpenAI Trial Testimony
OpenAI CEO Sam Altman spent roughly four hours on the witness stand Tuesday defending the company’s shift from a nonprofit to a for-profit model, directly rebutting Elon Musk’s claims that he and co-founder Greg Brockman “stole a charity” when they restructured the artificial intelligence lab.
"I think it’s wonderful that through the hard work of thousands of people … we’ve been able to create one of largest nonprofits in the world, [and] that it has this role to protect the technology and...
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Mar 20, 2026 / Tyler Durden
Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast"
Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast"
Last night’s debate on “Deficits, War, and Markets” brought together Bob Murphy of the Mises Institute and Bard College professor Randall Wray for a clash between Austrian and MMT worldviews, moderated by the “Macro Tourist” Kevin Muir.
Exploding U.S. deficits, the Fed’s policy path, the geopolitical shock of the Iran war, what it means for stocks, a potential bond market snap to calls for another financial crisis… we covered a lot of ground and here were some highlights for those short...
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Jun 12, 2026 / Tyler Durden
DOE Declares Southeast Grid Emergency As Sweltering Heat Boosts AC Demand
DOE Declares Southeast Grid Emergency As Sweltering Heat Boosts AC Demand
As the U.S. men's national soccer team kicks off its first match against Paraguay in Southern California on Friday night, large swaths of the country are trapped in what feels like a wet sauna, with dangerous heat and humidity forcing households to crank up their air conditioning and straining power grids from the Southeast to the Northeast.
On Thursday, the Department of Energy issued an emergency order to mitigate blackout risks across the Carolinas amid extreme heat that threatens to...
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