Core Durable Goods Orders Soar Most In 4 Years

Pentagon Denies Widespread Reports Of Iran's 'Dark' Tankers Breaching US Blockade Update(1510ET): The Pentagon has not been happy with today's media headlines that proclaimed Iranian 'dark' tankers (with their transponders switched off) have been able to penetrate and get past the US Navy's blockade. CENTCOM issued a late afternoon public message, stating: "Over past 24 hours, media reports have alleged that several commercial ships evaded the blockade, citing M/V Hero II, M/V Hedy, and M/V Dorena as examples. These reports are inaccurate. Hero II and Hedy did not sail past...

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...

Major UAE Fujairah Port In Flames As Iran Vows Escalation For Kharg Island Attack Upon the overnight major US attack on Iran's key oil hub of Kharg island, here's what Iran's military is threatening to do by way of response and escalation - which was also entirely predictable: "If Iran’s oil, economic, or energy infrastructure is attacked, we will immediately destroy energy and economic infrastructure across the region belonging to companies with American shareholders or ties to the U.S." --IRGC spox 🚨🇮🇷🇺🇸 Iranian IRGC spokesperson: "If Iran’s oil, economic, or energy infrastructure is...