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Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers

Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers The US Supreme Court ruled late Thursday morning that freight brokers can face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes. FreightWaves founder Craig Fuller responded to the ruling on X, saying,  OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for 30-50% of all freight brokers. OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for...
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Apr 13, 2026 / Tyler Durden
Half Of US Data Centers Scheduled To Start In 2026, Will Be Canceled Or Delayed
Half Of US Data Centers Scheduled To Start In 2026, Will Be Canceled Or Delayed Just over two years ago, we first penned our views on "The Next AI Trade", which looked beyond the hyperscalers and the data centers supporting the AI revolution, and instead focused on the energy and logistical needs that would be so very critical in allowing the US to dominate China in the existential race to first reach Artificial General Intelligence (which many have dubbed the next nuclear arms race due to its profound civilizational implications)....
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Jun 4, 2026 / Tyler Durden
Blackstone's Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions
Blackstone's Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions The private credit gates are shutting all over again. After virtually every marquee private credit fund limited withdrawals after being flooded with redemptions requests in Q1, we are seeing more of the same as the second quarter rolls out. And two days after Cliffwater LLC capped redemptions at 5% after investors requested 17% to be returned, a jump from the 14.0% in Q1 (which was also gated at the 5%) limit, this morning Bloomberg reports that Blackstone has also limited...
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Jun 5, 2026 / Tyler Durden
Waste Of The Day: Mismanagement At SF Zoo
Waste Of The Day: Mismanagement At SF Zoo Authored by Jeremy Portnoy via RealClearInvestigations, Topline: The taxpayer-funded San Francisco Zoo "does not have a healthy or stable financial condition," according to a city audit released in May. The zoo has no written plans or budgets to guide its construction projects, and spent $12 million on them without city approval. Employees are also allegedly hiring their friends and relatives as contractors. Key facts: The zoo is required to get approval from San Francisco's Recreation and Park Commission before paying more than $50,000 for...
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