Moody’s cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
[ad_1] A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018. Brendan McDermid | Reuters Moody’s Ratings on Monday downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt […]
Stagflation alarm bells ring in the euro zone as energy crunch hits the global economy
[ad_1] Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters Private sector output in the euro zone sank to a 10-month low in March, amid mounting evidence of the impact the Iran conflict is having on the global […]
Amazon faces further AWS disruption in the Middle East from Iran conflict
[ad_1] PARIS, FRANCE – JUNE 11: The Amazon Web Services (AWS) logo, a division of Amazon.com’s US e-commerce group is displayed during the 9th edition of the VivaTech show at Parc des Expositions Porte de Versailles on June 11, 2025 in Paris, France. VivaTech, the biggest tech show in Europe but also in a unique […]
Puig stock soars 15% after Estée Lauder confirms takeover talks with Charlotte Tilbury maker
[ad_1] Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed it is in talks about merging the two companies. Estée Lauder said Monday that a final decision had not been made on any potential deal, first reported by the Financial Times. Puig stock was last seen up 14.6% […]
Senate approves Markwayne Mullin as next DHS secretary
[ad_1] Sen. Markwayne Mullin, President Donald Trump’s nominee to be Homeland Security secretary, testifies before a Senate Homeland Security and Governmental Affairs Committee confirmation hearing on Capitol Hill in Washington, March 18, 2026. Evan Vucci | Reuters The Senate on Monday confirmed Sen. Markwayne Mullin’s nomination to lead the Department of Homeland Security. The Oklahoma […]
Democrat Emily Gregory wants to represent Trump — and his Mar-a-Lago resort — in Florida’s legislature
[ad_1] U.S. President Donald Trump’s Mar-a-Lago property in Palm Beach, Florida. Marco Bello | Reuters Emily Gregory, a small business owner and first-time candidate for elected office, is looking to score an upset in a Florida special election on Tuesday to represent Mar-a-Lago in the state legislature. Gregory is a Democrat running for state House […]
WNBPA President Nneka Ogwumike says new CBA will have a major impact on players’ bank accounts
[ad_1] The Women’s National Basketball Player’s Association ratified the terms of a new collective bargaining agreement Monday, calling it “transformational” and “bigger than basketball.” The new CBA begins this season and runs through 2032. When asked her opinion of the most important outcome from the deal, WNBPA President Nneka Ogwumike had two words: “Bank accounts.” […]
Fed’s Goolsbee says he’s worried about inflation in ‘fraught but intense’ climate
[ad_1] Chicago Federal Reserve President Austan Goolsbee said Monday that he’s more worried about inflation now than he is unemployment, even with apparent progress made on the war with Iran. In a CNBC interview, the central banker said policymaking is difficult in the current environment. He spoke shortly after President Donald Trump announced that progress […]
Trump tells CNBC ‘we are very intent on making a deal’ with Iran
[ad_1] President Donald Trump said in a Truth Social post Monday that, following talks with Iranian authorities, he ordered the U.S. military to postpone strikes on Iran’s power plants and energy infrastructure for five days. He told CNBC’s Joe Kernen in a phone call shortly after the post that “we are very intent on making […]
‘This is insane.’ Long lines plague U.S. airports as TSA officers face second missed paycheck in shutdown
[ad_1] A Transportation Security Administration (TSA) agent looks on passengers queue to go through security at New York’s LaGuardia airport on March 22, 2026. Charly Triballeau | Afp | Getty Images NEW YORK — Andrew Leonard showed up at John F. Kennedy International Airport at 4:45 a.m. on Monday for his 7 a.m. flight to […]