Keep pulling the thread on Bloomberg Businessweek.
Iraq's Basra Oil Company is directing operators to shut down production because it cannot secure tankers to load crude oil.
The security situation in the Strait of Hormuz is unlikely to return to normal as long as the current Iranian regime can threaten maritime passage.
The development of alternative oil transit routes will shift the distribution of wealth and strategic importance of ports throughout the Middle East.
A $7 billion private credit fund managed by Morgan Stanley is capping investor withdrawals at 5% of its assets.
Apollo Global Management is once again limiting withdrawal requests from its largest non-traded private credit fund for retail investors.
Some private credit managers are restructuring impaired loans into high-yield Payment-In-Kind (PIK) securities, which allows them to accrue interest as revenue even if cash is not collected.
Valuations for software companies have compressed from as high as 20 times Annual Recurring Revenue (ARR) down to a range of 5 to 10 times ARR.
Star AI researcher Noam Shazir is leaving Google to join OpenAI.
Oil prices are falling due to an increase in tanker traffic through the Strait of Hormuz and signs of progress in U.S.-Iran peace talks.
Micron Technology issued a sales forecast for its fiscal fourth quarter of $50 billion, which surpassed analysts' estimates of $43.2 billion.
Micron Technology reported an 86% margin, a level comparable to software companies and historically unusual for memory chip manufacturers.
High Bandwidth Memory (HBM) is currently the primary supply bottleneck in the AI hardware ecosystem.