Sternlicht's Starwood Real Estate Fund Gates Redemptions

White House Ends TikTok Ban On Government Devices Authored by Jackson Richman via The Epoch Times, The White House has allowed Executive Branch employees to use TikTok on their government devices. The Office of Management and Budget on Aug. 10 issued a memorandum to heads of executive departments and agencies, stating that “TikTok may be used on government devices.” The Epoch Times has reached out to TikTok for comment. This comes after the Department of Justice issued a memorandum on July 17 that said federal employees can again use TikTok on their government devices. The...

Yen Suddenly Surges To Bessent Intervention Highs... No One Knows Who/Why... Yesterday we noted the sudden spike in JPY which prompted numerous desks to speculate on an intervention. It wasn't large - which made many suggest it wasn't or that it was a tester for liquidity. Today, we are seeing something different - a steady bid for the Japanese currency lifting it to post-Bessent/BoJ highs... The slope (not entirely vertical) made some reject the idea of an intervention... “I don’t think the move was an intervention or rate check, but there is a lot...