Loan defaults among some private credit funds managed by Ares Management, Blackstone, Blue Owl Capital, and Golub Capital are worsening and have reached their highest levels since 2021, according to the companies’ public filings reviewed by The Wall Street Journal.
The cost of shipping cargo has risen to 20-year highs since mid-July as the Iran War and severe droughts in Europe and Latin America have sharpened concerns about the security of key supply chains, the Financial Times reported.
Japan’s GDP grew by 1.1 percent in the year’s second quarter, a full percentage point below a 2.1-percent expansion in the year’s first quarter and missing analysts’ forecasts of a 2-percent bump.
Weather-related disruptions and persistently weak consumer demand dampened China’s household spending and industrial output in July.
Americans added $21 billion to their credit card balances over April, May, and June this year, bringing the total debt to $1.26 trillion in this year’s second quarter, just shy of last year’s record $1.28 trillion, the Federal Reserve Bank of New York reported.
Elon Musk’s trillion-dollar payday has emboldened other corporate boards to increase pay for their own chief executives, according to a report by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO).
The steady stream of bankruptcies and business closures continues to paint a troubling picture of economic reality.
The job-cutting trend continues to spread across sectors, signaling deeper economic weakness beneath the surface of the official data.
Hardly a week goes by when Donald Trump is not the centerpiece and source of a lie so outrageous or an accusation so heinous that one has to sit back gazing at one’s computer screen, stunned by the audacity and shaking one’s head in disbelief.
Around age 50, the memory centers in a person’s brain begin to lose many of its long-standing immune cells.