'Tank Bottoms' Loom At Cushing After Across-The-Board Inventory Draws, Another Huge SPR Drain

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...

DOGE Alumni Launch AI Startup To Target Waste On Main Street - And Already Have Their First Target Two alumni of the Department of Government Efficiency are bringing their cost-cutting experience from Washington to the private sector, launching Special, a startup that aims to harness artificial intelligence to wring inefficiencies out of what it describes as America's $10 trillion Main Street services economy. Nate Cavanaugh and Justin Fox spent much of 2025 at DOGE, where they spearheaded the Small Agencies team. Their government stint, under the high-profile effort led by SpaceX...