After SpaceX IPO, Jefferies Lays Out Five Takeaways For Space Boom Into 2030s

The Private Credit Crisis Is Spreading Submitted by QTR's Fringe Finance The private credit crisis is spreading to another corner of the market that I warned about back in October, when I wrote about 10 parts of the market I’d avoid. For years I’ve been warning that buy now pay later (“BNPL”) industry was built on a pretty fragile foundation. The quality of the loans was always the obvious problem. The entire business model revolves around extending instant credit with minimal underwriting to consumers making small purchases. Companies whose primary innovation is allowing consumers to...

Saudi Arabia conducted airstrikes against Shiite militias with ties to Iran.  According to Reuters, the Saudi attacks on Kataib Hezbollah occurred around April 7. Kuwait also launched rockets at Shiite militants in Iraq on at least two occasions. Iran responded to the strikes on its Iraqi allies with attacks on Gulf Arab states.   The US […]

Watch Live: Fed Chair Powell's Last Press Conference With Kevin Warsh having won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve, it's pretty much a done deal that this will be Jerome Powell's final press conference as Fed Chair. And while The Fed took no action - as 100% expected - the question remains whether Powell will lean hawkish (oil crisis means inflation tsunami) or dovish (higher costs drag on economy and need support) despite the most dissents (3...