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14.10.26 - 18:48
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"Its Going To Zero": CoreWeave Implodes As Stocks Finally Notice What Credit Has Been Screaming For Weeks (ZeroHedge)
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"Its Going To Zero": CoreWeave Implodes As Stocks Finally Notice What Credit Has Been Screaming For Weeks
Yesterday morning we first pointed out that amid the ongoing data center bond rout (which we have been discussing virtually every day for the past month), the G-spread of former bitcoin miner turned data center, CoreWeave, had breached the "distressed" level of 1,000bps on its bonds due 2032, as the yield on the same paper topped 15% for the first time ever (a yield that one would normally find in CCC-rated junk bonds or worse) with its bonds trading below 80 cents on the dollar, a level known as deep distress.
Data Center debt getting smoked today. Coreweave unsecureds tag 1000 g-sprd bps for the first time ever. Oracle unsecureds trading like deep junk. Even Meta's Project Beignet about to hit record wide https://t.co/bcwfOwViRn
— zerohedge (@zerohedge) October 13, 2026
The observation caught the attention of Elon Musk who responded to us, stating that "It's ...
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13.10.26 - 13:06
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Oracle RMS Appoints Shawn LaPalm as Vice President, Specialty Program Development (Business Wire)
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CONCORD, Ontario--(BUSINESS WIRE)--Oracle Insurance Risk Management Services Inc. (“Oracle RMS”), an award-winning commercial and personal lines insurance brokerage, is pleased to announce the appointment of Shawn LaPalm as Vice President, Specialty Program Development.
In this newly established leadership role, LaPalm will develop niche specialty programs serving the agribusiness and not-for-profit sectors. Leveraging the strong commercial relationships LaPalm has cultivated nationally throughout his 25-year career, he will identify new opportunities, strengthen strategic partnerships, and further expand Oracle RMS' specialty capabilities.
Based in Belleville, Ontario, LaPalm will serve clients and partners across Canada, supporting Oracle RMS' continued expansion. His leadership will further strengthen the organization's ability to deliver specialized expertise and build lasting partnerships in communities nationwide.
"Shawn brings an exceptional combination of commercial experience, nationa...
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