A private credit fund managed by Ares Management Corp. recorded its largest monthly loss ever in February, further evidence that the $1.8 trillion private credit market is deteriorating. According to data calculated by Bloomberg based on the fund’s regulatory filings, the non-listed business development company Ares Strategic Income Fund, established in December 2022, lost 0.68% […]
According to Barclays, during times of turmoil and surging oil prices, global investors typically view the US dollar as a stabilizing force. However, the current administration’s erratic mood and the unstable tech industry have put pressure on the dollar’s rise. The Bloomberg dollar index has risen by nearly 2% since the United States and Israel […]
Ostap Goolsbee, president of the Federal Reserve Bank of Chicago, said that he could foresee the possibility that the US central bank might need to raise interest rates or resume cutting them, depending on the course of the Middle East war. “If inflation behaves well, we might return to an environment of multiple rate cuts […]
In early 2026, China’s strong demand for silver pushed overseas silver purchases to their highest level in eight years, as importers met the surging industrial and investment demands. According to data released by China’s customs on Friday, as the world’s largest metal buyer, China imported over 790 tons of metals in the first two months […]
BlackRock wrote down the value of a private loan to zero by the end of 2025, having valued it at 100 cents just three months earlier. This marks the second sudden and significant loss for its private credit division in recent times. BlackRock TCP Capital’s fourth-quarter earnings report released last week revealed that a roughly […]
Federal Reserve Chair Jerome Powell made it clear that the Fed will not cut interest rates again until inflation starts to cool. And this doesn’t even take into account the possible impact of the war in the Middle East. At Wednesday’s press conference, Powell emphasized that it is still too early to assess the impact […]
US President Donald Trump said that he “demanded” other countries contribute to the defense of the Strait of Hormuz because the strait is still effectively closed to oil tankers. “I really do ask these countries to step up and protect their own territory,” he told reporters on Air Force One on Sunday, but declined to […]
Despite the soaring oil prices causing traders to scale back their bets on how much the policymakers will lower borrowing costs this year, Morgan Stanley still holds firm to its prediction that the Federal Reserve will resume cutting interest rates in June and do so again in September. “We still expect in June and September, […]
After the dollar weakened, the price of gold changed little as traders weighed how to contain the oil supply shock triggered by the war in the Middle East. Gold prices approached $5,000 an ounce in early trading, after falling 0.3% in the previous trading day. Oil prices rebounded after falling on Monday as investors assessed […]
Goldman Sachs strategists say there is still room for the US stock market to rise, and they expect the S&P 500 index (SP500) to reach 7,600 by the end of 2026 as corporate earnings expand and the economy continues to grow moderately. The bank expects the earnings per share of S&P 500 index component companies […]