Iron Ore Set for Seventh Straight Weekly Loss as Market Softens

Jun 25, 2026 | Markets

Iron ore headed for a seventh weekly loss — the worst run since 2022 — as demand weakened seasonally and mill margins narrowed. Futures for the steelmaking ingredient fell to $96.95 a ton in Singapore on Friday, the lowest intraday level since February. For the week,...

Private Credit Arbitrage Trade Gets Momentum as Redemptions Rise

Jun 25, 2026 | Markets, Private Credit

On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price. Like many things in the $1.8 trillion direct lending market,...

Ares Private Credit Fund Caps Redemptions After 14% Seek to Exit

Jun 25, 2026 | Markets, Private Credit

Ares Management Corp. curbed withdrawals from one of its private credit funds for the second consecutive quarter after redemption requests rose to 14.4%, the latest sign that the $1.8 trillion industry remains under pressure. The $22.6 billion Ares Strategic Income...

Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet

Jun 24, 2026 | Markets, Private Credit

Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector. Today, he sees a new opportunity as risks bubble up around private...

Gold Breaks Below $4,000 as Multi-Year Rally Grinds to a Halt

Jun 24, 2026 | Markets

Gold fell below $4,000 an ounce for the first time since November, as a resurgent dollar and the prospect of higher interest rates bring bullion’s three-year bull market to a halt. Prices slipped as much as 3.7% to trade below $3,970 an ounce, retreating for a second...