Black Women Bear Brunt Of Mass Layoffs With The Rise Of AI And The End Of DEI

Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year Add another vocal warning to the chorus singing about the dangers of private credit.  DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...

AI vs Affordability And Rates By Peter Tchir of Academy Securities Last week, we contemplated, for the first time, that we might need to Understand Universal Basic Income. The timing was very good as on Monday, South Korea floated the idea of transferring some AI-driven tax revenue to its citizens. As uncertainty around jobs, income, and costs continue to weigh on overall confidence, expect this subject to get more airtime in the political arena. The concept of UBI does go hand in hand with two competing themes: AI and Affordability. China, Iran,...

WHCA Shooter Charged With Attempted Assassination Of Trump Federal prosecutors charged Cole Tomas Allen, 31, the accused gunman in the White House Correspondents' Association Dinner shooting, with three criminal counts, including attempting to assassinate the president.  Fox News reports that Magistrate Judge Matthew Sharbaugh unsealed the case against Allen on Monday. Allen appeared in federal court wearing a prison jumpsuit and answered the judge respectfully. He did not enter a plea and was only informed of the charges.  The three counts include attempted assassination of the president, transporting a firearm across...