Trump Has Never Been a Planner, and in War That’s Deadly

Mar 12, 2026 | Markets

“The truth is, these are not very bright guys, and things got out of hand.” — All the President’s Men Senator Chris Murphy of Connecticut, a Democrat and member of the Foreign Relations Committee, took to social media Tuesday night to share takeaways from a classified...

Private Credit Exits Force Cliffwater, Morgan Stanley to Cap

Mar 11, 2026 | Markets, Private Credit

Morgan Stanley and Cliffwater LLC capped withdrawals from their multibillion-dollar private credit funds after investors sought to redeem vastly more than the vehicles allow. Cliffwater’s $33 billion flagship private credit vehicle limited redemptions to 7% of shares...

Iran’s Cheap, Plentiful Weaponry Puts US Military Under Unprecedented Strain

Mar 11, 2026 | Markets

As the conflict extends toward a third week, an arsenal of attack drones and ballistic missiles has helped make Tehran unlike any adversary the US has faced. When the first cruise missiles began detonating inside Iran, the strikes had all the hallmarks of previous...

JPMorgan Restricts Private Credit Lending After Markdowns

Mar 11, 2026 | Markets, Private Credit

JPMorgan Chase & Co. is restricting some lending to private credit funds after marking down the value of certain loans in their portfolios, the latest sign of stress in the $1.8 trillion industry. The devalued loans are to software companies, according to people...

Campbell’s Cuts Outlook to 17-Year Low as Shoppers Forgo Chips

Mar 11, 2026 | Markets

Campbell’s Co. cut its profit outlook to the lowest in a decade as consumers eschew chips and pretzels while supply constraints are weighing on sales of freshly baked goods. Full-year earnings, adjusted for some items, are now seen between $2.15 to $2.25 per share,...