The $2 Trillion Shadow Lending Boom Is Starting to Crack
Private credit defaults just hit a record 9.2%. Funds are gating withdrawals. Blue Owl dumped $1.4 billion in assets. And regulators say there's almost nothing to worry about.
Private credit defaults just hit a record 9.2%. Funds are gating withdrawals. Blue Owl dumped $1.4 billion in assets. And regulators say there's almost nothing to worry about.
Europe entered 2026 with its lowest gas storage in years. Then Iranian missiles hit the world's largest LNG hub, and the TTF benchmark nearly doubled in a week.
Japan was finally normalizing rates after three decades. Then oil hit $110 a barrel and the Strait of Hormuz closed. The BOJ held at 0.75% — one day after the Fed froze too.
Israel struck the planet's largest natural gas reserve — a field Iran shares with Qatar. Tehran's response: missiles aimed at energy infrastructure across the Gulf.
Iran fired ballistic missiles at a third country's energy infrastructure — Qatar's Ras Laffan, the world's largest LNG plant. That's not retaliation against an adversary. It's a message to the entire Gulf.
The Artemis II crew entered quarantine yesterday. Tonight, their rocket rolls to the pad. If all holds, they'll be the first humans to see the far side of the Moon since 1972 — and the mission's long list of technical fixes is finally behind them.
Dolores Huerta says she kept silent for 60 years to protect the farmworker movement. A New York Times investigation alleges she wasn't Chavez's only victim — two women say the abuse began when they were children.
Automakers have eaten $35.4 billion in tariff costs since 2025. Meanwhile, 98,000 manufacturing jobs have vanished and factory owners who voted for protectionism are running at a loss.
Two California lawmakers — one from each party — want to codify the work program Trump is trying to kill. Nearly 300,000 foreign graduates depend on it.
The AI industry spent billions making models bigger. Now Multiverse Computing is charging companies to make them smaller again — and claims it can cut model size by up to 95% with minimal accuracy loss.
Public hearings begin Thursday into the Wang Fuk Court fire that killed 168 people last November. Contractors admitted to using substandard materials. Fire alarms never sounded. The question isn't just what went wrong — it's how many other buildings are next.
Severe Tropical Cyclone Narelle is expected to hit Far North Queensland on Friday morning as potentially the first Category 5 landfall since 2015, with gusts above 250 km/h. Some communities in its path have no dedicated cyclone shelter.
FBI Director Kash Patel told Congress the bureau buys commercial location data to track Americans — no warrant needed. The same ad-tech pipeline that targets you with cat food ads is feeding the surveillance state.
Powell told reporters 'nobody knows' what the Iran war will do to the economy — then released projections anyway. The Fed held rates at 3.5%-3.75% while oil nears $110, gas jumps a dollar, and the dot plot pretends this is all manageable.
Two ex-Palantir engineers who helped launch its AI Platform just raised $30 million from Sequoia to turn the messy data companies already have into fuel for AI agents.
South Africa's 'water tanker mafias' don't just exploit infrastructure failure — they engineer it. Sabotaged pipes, stolen cables, and entire communities paying fifteen times the going rate for their own stolen water.