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.
ICML hid invisible instructions inside submission PDFs. When reviewers fed papers to LLMs anyway, the trap phrases showed up in their reviews. 497 papers just got desk-rejected.
Over 3,400 dead marine creatures, 750 sick villagers, and four months later — scientists still can't say what's poisoning the waters off New Ireland Province.
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.