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Macro Traders Lost Most in March as War Squeezes Hedge Funds

Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms. Said Haidar’s Jupiter Fund lost about 12% in March, paring quarterly gains to 13.4%, according to an investor letter seen by Bloomberg News. The Brevan Howard Master Fund […]

Stock Trading Intensity Soars to Record on Rapid Shifts in War

Investors wary of being wrong-footed by twists and turns in the Iran war are trading stocks at a record intensity, one market measure shows. Wall Street traders have been on edge, hanging on every development in the Middle East and the often unpredictable missives of President Donald Trump. One technical metric, the daily turnover in […]

Employers that want to offer 401(k) participants access to private equity get new rule

The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any particular investment as a designated investment […]

Ares, Apollo Cap Private Credit Fund Withdrawals as Exodus Grows

Two of the biggest names in private credit, Ares Management Corp. and Apollo Global Management Inc., blocked investors from getting even half of the money they wanted out of their funds, a sign of mounting strain in the $1.8 trillion market. The $10.7 billion Ares Strategic Income Fund limited withdrawals to 5% of shares after […]

2026 tax tips: What to know about overtime & tips

Tax season is in full swing. In this episode of The Big Idea, presented by Block Advisors, built by H&R Block, Host Elizabeth Gore breaks down important upcoming tax changes affecting overtime pay and tipped income. A new law introduces employee deductions for qualified overtime compensation and qualified tips, which could prompt employees to request […]

February inflation data is ‘decent,’ but the Fed needs more

February’s Consumer Price Index (CPI) data shows that inflation mostly held steady from January. Interactive Brokers chief strategist Steve Sosnick, Yahoo Finance Head of News Myles Udland, and New Century Advisors chief economist Claudia Sahm join Morning Brief host Julie Hyman to discuss the latest numbers. Sahm also served as a Federal Reserve Board economist […]

BlackRock $26 Billion Private Credit Fund Limits Withdrawals

BlackRock Inc. curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. The firm’s $26 billion HPS Corporate Lending Fund, one of the largest non-traded business development companies, said in a statement Friday that shareholders requested […]

Weak jobs report likely to keep Fed on hold in wake of oil price shock

A weak jobs report for February quashed the notion that the labor market is stabilizing, but it likely won’t push the Federal Reserve to cut interest rates this month, given the oil price shock from the Iran war poses a risk of higher inflation. “This jobs report has got my attention,” San Francisco Fed president […]

What is Blue Owl, and why are people suddenly worried about private credit?

There is, once again, something shady happening on Wall Street. And when I say shady, I mean it literally: The drama du jour comes from the world of private credit, which is part of a vast, opaque industry known as “shadow” banking. At the center of it all is Blue Owl Capital, an asset manager specializing in […]

Mortgage rates fall below 6% for first time in over 3 years

Mortgage rates dipped into the 5% range for the first time since 2022 as Treasury yields continued to fall. The 30-year fixed mortgage rate fell three basis points for the week ending Wednesday to 5.98%. That’s the lowest level since Sept. 8, 2022. The 15-year fixed rose nine basis points to 5.44%. Three months of […]

The economy grew last year. Why aren’t jobs catching up?

AI is just one part of the complicated GDP and labor market picture. Consumer spending is soldiering on. Business investment continues to grow. And the economy’s expanding, albeit at a slower pace. So where are the jobs? The US saw almost no payroll growth last year, notching a paltry 181,000 positions, with more unemployed people […]

‘It will not be automatic or immediate’: Companies brace for a messy tariff refund process

Friday’s landmark Supreme Court ruling struck down President Trump’s blanket tariffs but left open a key question around whether companies that already paid the duties will be able to get refunds. The court’s majority opinion was silent on that top-of-mind issue for companies, while President Trump signaled that he wouldn’t give tariff refunds willingly. Ben […]

New rules are changing business write-offs this tax season

Before you make your next big business purchase, there’s a tax update you need to know… In a special segment from this week’s episode of The Big Idea with Elizabeth Gore, featuring Vita Coco (COCO) Co-Founder and Executive Chairman Mike Kirban, Elizabeth takes a tax break to unpack major changes impacting business deductions. With tax […]