Iran Says It Will Hold Indirect Talks with the US on Unfreezing Assets in Qatar

Blackstone's Flagship Private Credit Fund, World's Largest, Posts First Monthly Loss Since 2022 It only took a constant barrage of negative news surrounding the private credit space, including a surge in redemptions, investor gating, questions about loan markets as well as outright fraud, not to mention relentless criticism from of some of the biggest luminaries in credit, including Saba's Boaz Weinstein and Diameter's Scott Goodwin, for Blackstone to concede that its private credit book may have been mismarked. According to Bloomberg, Blackstone's flagship private credit fund - and the world's largest...

UBS Finds Global Trade Structure "Surprisingly Stable" As AI Emerges As Growth Engine Despite ongoing Gulf-related energy shocks, mounting concerns over a potential energy cliff (read here), and UBS last month reactivating its supply chain stress-watch coverage, another UBS analyst noted Wednesday that the overall structure of global trade remains "surprisingly stable." Analyst Arend Kapteyn pointed out that the structure of global trade remains far more structurally stable than recent growth trends suggest, even as technology and AI-related categories have driven nearly 80% of recent trade growth while accounting for only...

The Trillion-Dollar Man Authored by Noel Williams via AmericanThinker.com, If he had any, Bernie would be pulling his hair out at the prospect of Elon Musk becoming a trillionaire. Socialist imbeciles spurn success, preferring downtrodden masses who wallow in government dependence rather than exerting individual independence. As is well known, socialists portray billionaires as a "policy mistake." Extrapolating from that, they must consider the potential coming of trillionaires as a policy catastrophe. The first man likely to reach that lofty target -- if his companies meet stringent performance objectives -- is Elon Musk. At first...