From Dimon’s ‘cockroaches’ to the Blue Owl freeze: How stress is spreading in private credit
Private credit’s meteoric rise to a roughly $3 trillion cornerstone of global finance was fueled by demand for lending outside the traditional banking system.
Bitcoin extends decline, falling over 5% to below $64,000
Bitcoin tumbled more than 5% to around $63,000 on Tuesday as investors continued to grapple with escalating tariff tensions and broader geopolitical risks.
Jamie Dimon says ‘watch out’ as lofty asset prices add to economic risks: ‘My anxiety is high’
JPMorgan Chase CEO Jamie Dimon is anxious as high asset levels collide with increased competition among lenders and jitters over loans to the software industry.
Panama cancels China-linked port deal, hands canal terminals to Maersk, MSC
The simmering dispute has become a geopolitical flashpoint between Washington and Beijing, with Panama caught in the crossfire.
China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan
China’s central bank kept its benchmark lending rates unchanged as Beijing manages a balancing act of supporting a slowing economy while maintaining currency stability.
FedEx sues U.S. seeking full refund of Trump tariffs days after Supreme Court ruling
The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal.
Uber acquiring parking app SpotHero as it moves beyond ride-hailing and food delivery
Uber said it plans to offer a parking reservation experience powered by SpotHero for events and at venues and airports.
Congress contemplates its role on tariffs after Supreme Court decision
Some congressional Republicans had already cooled to the president’s trade policy before the Supreme Court decision on Friday.
Tesla sues California DMV to reverse ruling that company engaged in false advertising on FSD
California’s DMV previously ruled that Tesla falsely promoted its cars’ self-driving capabilities.
Mexico violence after cartel boss killing slows cross-border trade, hitting air freight, trucking, ports
Violence across Mexico after the killing of a cartel boss is hitting trucks, ports and air freight for a critical trading partner to the U.S.