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07.03.26 - 00:54
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BlackRock $26 Billion Private Credit Fund Limits Withdrawals (Bloomberg)
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BlackRock curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. The firm's $26 billion HPS Corporate Lending Fund, one of the largest non-traded business development companies, said in a statement Friday that shareholders requested 9.3% of their shares, but management decided to cap the repurchases at 5%. James Crombie, Bloomberg News Senior Editor for Credit, joins Bloomberg Businesweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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07.03.26 - 00:54
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Dems To Keep Blocking DHS Funds Despite Noem Firing (ZeroHedge)
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Dems To Keep Blocking DHS Funds Despite Noem Firing
On Thursday, President Donald Trump fired Department of Homeland Security Secretary Kristi Noem and tapped Sen. Markwayne Mullin of Oklahoma as her replacement, marking the first administration shake-up of Trump's second term. Democrats had been demanding her ouster for months, but they've made it quite clear that the move changed nothing in their eyes, and the standoff over DHS funding continues.
The DHS partial shutdown - now stretching into its third week - was already the product of Democratic demands for sweeping restrictions on Immigration and Customs Enforcement and Customs and Border Protection. Those demands didn't soften with the personnel change. They hardened.
"A change in personnel is not sufficient," House Minority Leader Hakeem Jeffries told reporters. "We need a change in policy."
Jeffries added, “It's not like Kristi Noem was involved in negotiating anything. She was a corrupt lackey. So we're d...
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06.03.26 - 23:51
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USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General (ZeroHedge)
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USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money.
A USPS van driver parks the car on a street in Manhattan, New York City, on August 24, 2020. Chung I Ho/The Epoch Times
If it doesn't, the service risks not being able to pay employees and vendors as early as February 2027, Steiner told The Associated Press.
“How long are employees going to work and vendors going to show up if we're not paying them?” he said.
The Postal Service is an independent agency funded mostly by postage revenue and the services it provides, rather than federal appropriations. It reported a $9 billion net loss for fiscal year 2025. In 2024, the agency reported a $9.5 billion net loss.
Operating reven...
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06.03.26 - 20:18
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BlackRock $26B Private Credit Fund Limits Withdrawals (Bloomberg)
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Olivia Fishlow and James Crombie, Bloomberg Reporters, joins Caroline Hyde and Isabelle Lee on "Bloomberg Real Yield." BlackRock curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. (Source: Bloomberg)...
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06.03.26 - 17:18
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Robinhood Launches Private Markets Fund (Bloomberg)
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Robinhood is giving everyday investors access to high-profile private companies like Databricks and Oura. Its new fund began trading on the NYSE under ticker RVI. CEO Vlad Tenev joined Bloomberg Open Interest with the details. (Source: Bloomberg)...
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