Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings

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...

China Sentences Evergrande Founder To Life In Prison Five years after Chinese property development firm Evergrande Group collapsed under the weight of enormous debt, founder Xu Jiayin was sentenced to life in prison on Thursday. Xu Jiayin, also known as Hui Ka Yan, founder of property developer Evergrande, appears for sentencing at the Shenzhen Intermediate People's Court in Shenzhen, China, on Aug. 20, 2026. Shenzhen Intermediate People's Court /Xinhua via AP Xu (Hui Ka Yan in Cantonese), 64, pleaded guilty in April to fundraising fraud, illegally taking public deposits, illegally extending loans, bribery, fraudulently...

The so-called Board of Peace (BoP), the US-led body created to oversee President Trump’s Gaza plan, has walked back a key part of the Hamas disarmament agreement after its representatives met with Israeli Prime Minister Benjamin Netanyahu. When the deal was initially announced, statements from President Trump and the BoP’s top envoy for Gaza, Bulgarian […]