Article
DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings
It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit.
It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market...
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Jun 29, 2026 / Dave DeCamp
Trump Claims the US and Iran Will Hold Talks in Qatar After Exchange of Strikes
President Trump on Monday said that the US and Iran will hold negotiations in Doha, Qatar, on Tuesday despite the two sides trading strikes over the weekend, though an Iranian official denied that technical talks under the US-Iran Memorandum of Understanding (MoU) were scheduled. “IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN […]
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May 31, 2026 / Tyler Durden
Non-English-Speaking Bus Driver Faces Manslaughter Charges After Horror Virginia Crash Kills Entire Family
Non-English-Speaking Bus Driver Faces Manslaughter Charges After Horror Virginia Crash Kills Entire Family
A commercial bus driver, who federal officials say could not speak English, faces two counts of involuntary manslaughter, with additional charges likely, after his charter bus plowed into vehicles on a Virginia highway Friday morning, killing five people, including an entire Greenfield, Massachusetts, family of four.
The New York Post reports that Virginia State Police revealed the 48-year-old bus driver, Jing S. Dong, was charged with two counts of involuntary manslaughter and will likely face additional charges after...
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Mar 22, 2026 / Tyler Durden
Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel
Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel
Summary
Iran vows regional and US infrastructure will be "irreversibly destroyed" in response to Trump's 48-hour timeline to open Hormuz or else Iranian power plants will be obliterated.
Iran announces imposition a $2 million transit fee on 'non-enemy' ships wishing to transit strait.
Unprecedented damage and many dozens of casualties in Israel's south after tit-for-tat strikes on areas with nuclear plants.
Reports of US prepping diplomatic offramp plan but Iran says expanding war has effectively shut the door; Bessent says "50 days" of...
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