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Broadcasters Enter the Market for GPS Backup Services
The race is underway to back up a crucial and increasingly vulnerable linchpin of American infrastructure. On Tuesday, a trade group representing local broadcast stations across the US announced a new venture that will aim to provide an alternative to the country’s...
– Save Change World (SCW) Articles –
SEC Investigating Alleged Fraud in Private Credit, Atkins Says
Securities and Exchange Commission Chairman Paul Atkins said the agency is investigating allegations of fraud in private credit firms, though he declined to say specifically which companies are under scrutiny. Atkins spoke Monday at the Milken Institute Global...
Amazon Shipping Services Repackage Sparks UPS, FedEx Selloff
Amazon.com Inc. unveiled a suite of logistics services that will let businesses buy its existing freight and distribution offerings as a package, sending shares of rival delivery companies such as FedEx Corp. and United Parcel Service Inc. lower. The world’s largest...
JPMorgan Hires Morgan Stanley’s Boyle to Lead PE Secondaries
JPMorgan Chase & Co. hired Will Boyle from Morgan Stanley to lead its team that advises private equity firms on structuring private deals, as the bank looks to build out its capital advisory business for sponsors. Boyle will serve as global head of secondary...
Apollo’s Zito Calls Credit Safer Bet in High-Volatility Times
Apollo Global Management Inc.’s John Zito argued private credit is the safer place for investors to be even as the rise of artificial intelligence is dramatically shifting the environment for “the whole ecosystem of investing.” “Everyone is acknowledging” that we’re...
Ukraine war briefing: Strikes on Russia’s Primorsk oil port and ships
Zelenskyy says three ‘shadow fleet’ vessels hit along with guided missile corvette; Ukrainian drones menace Moscow and surrounds. What we know on day 1,531 Ukraine on Sunday launched a wave of strikes against Russian oil targets, hitting the key port of Primorsk on...
Ukrainian strikes hit key Russian oil infrastructure, including “shadow fleet” tankers
Ukrainian drones hit key Russian oil infrastructure on Sunday, including a key loading port in the Baltic Sea and two tankers that Ukraine alleged were used to illegally transport Russian crude oil, in violation of sanctions. They were among a wave of strikes...
Private Credit Could Spark Psychological Contagion, Barr Warns
Federal Reserve Governor Michael Barr said stress in private credit could spark “psychological contagion” leading to a broader credit crunch, once again warning against loosening the reins on Wall Street at a time of rising risks. In an interview with Bloomberg News,...
Ukraine Says Russia’s Primorsk Oil Export Port Damaged in Attack
Ukraine said it damaged Russia’s Primorsk port on the Baltic Sea, a key oil export hub, in a drone barrage that also targeted several vessels. A Karakurt-class missile ship, patrol boat and tanker from Russia’s shadow fleet were hit in the attacks, Ukrainian...
Air Canada Pulls 2026 Outlook on Fuel Costs; Shares Drop
Air Canada suspended its full-year financial guidance because of the surge in jet fuel prices caused by the war in Iran. “Since late February, the situation in the Middle East and the sharp increase in global jet fuel prices have created a significant external shock...
Psychiatry Drugmaker Seaport Rises 10% After Trading Debut
Seaport Therapeutics Inc., shares jumped 10% in the firm’s trading debut, after the company raised nearly $255 million in an upsized initial public offering. The Boston-based company’s shares closed at $19.84 each, above the IPO price of $18 apiece. The biotech firm...
