Finance
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361KKR is revamping and renaming a failed $600 million credit fund — and the new version is designed to buy loads of coronavirus-hit debt
Brendan McDermid/Reuters Private equity firm KKR is reviving its failed Special Situations Fund III to buy a wide range of corporate credit...
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The Chicago Fed’s top economic index suggests the US entered a recession in March
The Chicago Fed’s National Activity Index slid to -4.19 across all four segments in March, suggesting the US entered a recession soon...
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394‘Warren Buffett created the template’: Mark Cuban said US officials should copy the investor’s past bailout deals
Reuters US officials crafting coronavirus-relief deals should base them on Warren Buffett’s bailouts during the financial crisis, Mark Cuban said on the...
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Denmark and Poland are refusing to bail out companies registered in offshore tax havens
Denmark and Poland won’t give financial aid to companies registered in offshore tax havens. Governments around the world are scrambling to bail...
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410Oil plummets 21% to 21-year low as sinking demand spurs uncertainty around storage
AP Photo/Matthew Brown Oil prices plummeted to a 21-year low on Sunday evening as uncertainty mounted around storage of excess supply. The...
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‘The great meltdown’: A prominent bear says investors are dismissing a rare drop in consumer prices — and warns it could be more damaging to markets than the pending recession
Investors are not paying enough attention to the possibility that deflation — a sustained decline in prices — could hit the US...
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Bharat Ramamurti is one of just 4 people overseeing a $500 billion corporate bailout fund. He tells us how a 2008-style populist revolt could emerge if executives benefit more than workers — and outlines how he’s pressuring the Fed.
Business Insider spoke with Bharat Ramamurti, the first person to be appointed to the five-member Congressional Oversight Commission monitoring the $500 corporate...
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AQR’s former machine-learning head says quant funds should start ‘nowcasting’ to react to real-time data instead of trying to predict the future
Big-name quants were slammed in March, as their models struggled to keep up with the coronavirus-induced sell-off. AQR’s former head of machine-learning,...
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Coronavirus is upending the real estate industry. From job cuts to new opportunities, here’s everything you need to know.
Offices, hotels, and malls have been emptied by the coronavirus, which could lead to more than 18 months of disruption in our...
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A 47-year market vet explains why he sees the economy’s ‘super-cycle’ hurtling towards depression — and lays out his case for an 80% stock plunge later this year
David Hunter, the chief macro strategist at Contrarian Macro Advisors, thinks the economy is nearing a cataclysmic bust that will ultimately result...