Canada Regulator Reviewing Banks’ Private-Credit Exposures
Canada’s bank regulator is examining lenders’ exposure to hedge funds and private-credit shops — as well as how they transfer risk to those firms — with further inquiries planned.…
Category: Business & Finance
US to Let Iran Oil Sanctions Waiver Expire Amid Hormuz Blockade
The Trump administration will allow a waiver temporarily authorizing the purchase of certain Iranian crude oil to expire…
DA wants Sam Altman arson suspect Daniel Moreno-Gama held without bail
Daniel Moreno-Gama allegedly threw a lit Molotov cocktail at OpenAI CEO Sam Altman's home and threatened to burn…
Saks Offloads Its Gulfstream Jet in Push to Shrink in Bankruptcy
Saks Global Enterprises won court approval to sell its Gulfstream jet that executives used for business and personal…
Sotheby’s to Sell $825 Million Junk Bond In Refinancing Push
Sotheby’s is seizing a window of opportunity to refinance debt due next year, before any disruptions from the…
A new CEO and a deal with Uber aren’t enough to lift this EV maker’s struggling stock
The announcement comes amid concerns from investors about Lucid’s ability to stay afloat.…
Fed’s Goolsbee Sees Iran War Possibly Delaying Rate Cuts
Federal Reserve Bank of Chicago President Austan Goolsbee said interest-rate cuts may be pushed back by the surge…
US Gasoline, Diesel Pump Prices Reach All-Time Seasonal Highs
Retail gasoline and diesel prices in the US are at their highest seasonal levels ever, a pain point…
Wealthy Middle East Residents Are House-Hunting in Europe to Escape War
Wealthy residents of Gulf hubs like Dubai are scouting for homes in European hotspots to escape the Iran…
Wall Street banks break records as Iran war drives trading boom
JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter…