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Blue Owl Capital Alarms Private Credit Industry
Business

Blue Owl Capital Alarms Private Credit Industry

Blue Owl Capital's recent alteration in how investors can withdraw funds triggered apprehensions in the private credit sector. The firm announced that investors no longer have the liberty to request a fixed sum back quarterly, shifting this responsibility to the firm's discretion. This move stirred uncertainties among investors regarding possible challenges in future retrievals, leading to a 6% stock drop for Blue Owl and similar dips for related companies like Ares, Apollo, and Blackstone.

Feb 20, 2026, 12:08 AM

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Trump's Approach to Russia: 'Tremendous' Deals Brewing
World

Trump's Approach to Russia: 'Tremendous' Deals Brewing

President Trump, amid US-Russia tensions, is opening doors to business partnerships with Russia. A Texas investor, Gentry Beach, has signed a deal with a major Russian energy company to develop natural gas reserves in Alaska. Despite ongoing conflicts in Ukraine, Trump's business-centric approach is showing signs of bridging economic divides between the two countries, with opportunities in Russia valued at $14 trillion. This shift, although facing challenges and skepticism, signals a potential shift in US-Russia economic relations under Trump's administration.

Feb 19, 2026, 11:07 PM

Trump’s Board of Peace Promises Billions for Gaza, With Few Details
World

Trump’s Board of Peace Promises Billions for Gaza, With Few Details

President Trump's Board of Peace meeting revealed pledges of $7 billion for Gaza's reconstruction from nine member countries. Although various nations have committed funds and peacekeeping troops, concrete plans regarding disarming Hamas and Israel's complete withdrawal remain undisclosed. Trump's endorsement of Hungary's prime minister and ambitions for the Board of Peace to oversee global affairs have stirred controversy.

Feb 19, 2026, 11:04 PM

Former N.B.A. Coach Doug Moe, Known for Free-Spirited Style of Play, Passes Away at 87
Sports

Former N.B.A. Coach Doug Moe, Known for Free-Spirited Style of Play, Passes Away at 87

Doug Moe, a trailblazing N.B.A. coach, passed away at 87. He was known for his unorthodox coaching style, avoiding preplanned plays and favoring fast-paced, instinct-driven gameplay. With colorful wardrobe choices matching his lively personality, Moe left a mark on the league, coaching successful stints with the Nuggets and Spurs. Despite his coaching accomplishments, controversies and setbacks marked his career, including a connection to a college point-shaving scandal.

Feb 19, 2026, 10:59 PM

Trump's Tariffs Fail to Boost U.S. Wine Businesses After One Year
Business

Trump's Tariffs Fail to Boost U.S. Wine Businesses After One Year

Many U.S. wine businesses, including prominent producers like Kutch Wines and Scar of the Sea, have faced significant setbacks due to the tariffs imposed by President Trump that failed to yield the intended benefits. Despite Trump's aim to support American products, the tariffs have caused confusion and hostility globally, leading to reduced exports and rejected sales. The uncertainty over future tariff policies is adding difficulty to planning and operations for wineries, impacting both small and large producers alike.

Feb 19, 2026, 9:57 PM

President Trump Transforming Washington Golf Course with East Wing Rubble
World

President Trump Transforming Washington Golf Course with East Wing Rubble

President Trump's decision to revamp the East Potomac Golf Links in Washington by depositing debris from the East Wing has triggered concerns among the public. The transformation aims to turn the affordable municipal course into a luxury golf resort, raising questions about accessibility and preservation of the original public park. Critics warn of the potential environmental impact and loss of community-oriented space.

Feb 19, 2026, 8:43 PM

Trump Launches Board of Peace Amid Iran Tensions
World

Trump Launches Board of Peace Amid Iran Tensions

President Trump hosted the inaugural meeting of the Board of Peace, announcing unprecedented opportunities for countries willing to pay $1 billion for a permanent seat. Amidst the proceedings, Trump disclosed a $10 billion aid package for Gaza, raising questions about its funding source and congressional approval. Simultaneously, tensions escalated with Iran as Trump issued threats of dire consequences if no nuclear deal is reached. The unorthodox nature of the meeting, held at the Trump-led Institute of Peace, underscores a distinctive Trump-centric international framework.

Feb 19, 2026, 8:32 PM