A Taoist priest in China, dressed in a traditional Taoist robe and holding a trifold mobile phone, recently garnered attention on social media, not only for his impressive academic background but also for his life advice resonating with the younger generation. Zhang Gaocheng, 74, serves as the deputy director of the Taoist Association of China, the highest-level semi-government organisation of the...
A Taoist priest in China, dressed in a traditional Taoist robe and holding a trifold mobile phone, recently garnered attention on social media, not only for his impressive academic background but also for his life advice resonating with the younger generation. Zhang Gaocheng, 74, serves as the deputy director of the Taoist Association of China, the highest-level semi-government organisation of the religion. He came into the spotlight after attending the Chinese People’s Political Consultative...
PRAGUE, April 07, 2026--Felix (felix.so), the AI workflow platform designed to run complex professional services operations without constant human oversight, today announced $1.7M in pre-seed funding led by XYZ Venture Capital, with participation from angel investors including current and former leaders and founders at Amazon, Apple, Palantir, FlexPort, Yelp and Midjourney. Already deployed at maj...
PRAGUE, April 07, 2026--Felix (felix.so), the AI workflow platform designed to run complex professional services operations without constant human oversight, today announced $1.7M in pre-seed funding led by XYZ Venture Capital, with participation from angel investors including current and former leaders and founders at Amazon, Apple, Palantir, FlexPort, Yelp and Midjourney. Already deployed at major legal, finance, and insurance firms, the company will use the funding to expand product capabilit
CHICAGO, April 07, 2026--Monroe Capital LLC ("Monroe") announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of The Opus Group ("Opus") by private equity sponsor EagleTree Capital.
CHICAGO, April 07, 2026--Monroe Capital LLC ("Monroe") announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of The Opus Group ("Opus") by private equity sponsor EagleTree Capital.
It's not just oil and gas that are affected by the Iran war. All sorts of shortages and price spikes are starting to pop up that stand to affect people's daily lives. (Image credit: Brent Jones)
It's not just oil and gas that are affected by the Iran war. All sorts of shortages and price spikes are starting to pop up that stand to affect people's daily lives. (Image credit: Brent Jones)
H.I.G. Capital appointed Brian Schwartz as chief executive officer, making him the firm’s first non-founder to lead the private equity firm, according to a statement reviewed by Bloomberg News. Schwartz is set to take over from co-founder Sami Mnaymneh , who will become executive chairman, a role he will share with fellow co-founder Tony Tamer . As part of the changes, the firm has promoted Doug B...
H.I.G. Capital appointed Brian Schwartz as chief executive officer, making him the firm’s first non-founder to lead the private equity firm, according to a statement reviewed by Bloomberg News. Schwartz is set to take over from co-founder Sami Mnaymneh , who will become executive chairman, a role he will share with fellow co-founder Tony Tamer . As part of the changes, the firm has promoted Doug Berman , head of US private equity, to co-president alongside Rick Rosen . The leadership change comes as the Miami-based private equity firm pushes toward a previously undisclosed goal of $100 billion in assets under management within three years, Schwartz said. H.I.G. currently has $74 billion of capital under management. “That growth is important because our scale really gives us a competitive advantage,” he said. Founded more than three decades ago by Mnaymneh and Tamer, H.I.G. has grown into a global investment firm spanning private equity, credit and real assets, while focusing mostly on the middle-market. H.I.G’s strategy remains unchanged even with the leadership transition. “The middle market is core to our DNA,” Schwartz said. He added that H.I.G. could always grow by acquiring other firms. “We’re open minded about making acquisitions of other GPs in certain strategies that can accentuate our growth in a faster time clip,” he said. The last big alternative asset manager to go public in an initial public offering was TPG Inc. in 2022. Schwartz said H.I.G. isn’t in a hurry to follow. “In terms of going public, we’ll continue to review it on an opportunistic basis,” he said. “I’m quite happy we’re not public right now.” Schwartz joined H.I.G. in 1994 after business school as the firm’s fourth employee, and has served as co-president for the past six years. The transition shifts day-to-day management to Schwartz, supported by Berman and Rosen, while the founders focus more on strategy, growth initiatives and investment committee efforts. “Brian has been instrumental to...
Deutsche Bank AG ’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter. The team booked more than $100 million in profits for the quarter ending March 31, more than double the gain in the same period last year, said the people, who asked not to be identifie...
Deutsche Bank AG ’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter. The team booked more than $100 million in profits for the quarter ending March 31, more than double the gain in the same period last year, said the people, who asked not to be identified discussing private information. The windfall extends the trading desk’s robust performance from last year, when they notched $200 million in profits in a single quarter. A Deutsche Bank spokesperson declined to comment. The gains came amid a turbulent period for traders and investors as the US and Israel initiated a war with Iran, driving up oil prices and sparking inflation concerns. Meanwhile, rapid developments in artificial intelligence triggered a selloff in the stocks, bonds and loans of software companies. Read More: Distressed Software Loans Swell by $18 Billion in Span of Weeks Concerns about how new AI tools could disrupt software businesses led a Bloomberg gauge of junk bonds to post its biggest quarterly loss since mid-2022, while the tech-heavy stock benchmark, the Nasdaq 100 ended the quarter down 6%. The distressed desk’s performance was also fueled by long positions in the debt of closely held telecommunications firm Brightspeed and the equity of chemicals company Tronox Holdings Plc , as well short positions in the debt of Xerox Holdings Corp. The group was involved in arranging a debt deal with movie theater chain AMC Entertainment Holdings Inc. to repay its Odeon unit notes and a factoring facility for automotive supplier Marelli, which also bolstered profits. The team also made a pairs-trade on casino operator Caesars Entertainment Inc. , going long on the equity while shorting the debt. The company is back in the spotlight after reportedly attracting a bidding war between billionaire Tilman Fertitta and activist investor Carl Icahn .
The partial government shutdown has now lasted eight weeks with Congress on recess until 13 April Hello and welcome to the US politics live blog. The record-breaking partial government shutdown has now entered its eighth week, with little end in sight. Republican Florida Governor Ron DeSantis has signed into a law a bill that allows the state to designate terrorist groups, then punish those who pr...
The partial government shutdown has now lasted eight weeks with Congress on recess until 13 April Hello and welcome to the US politics live blog. The record-breaking partial government shutdown has now entered its eighth week, with little end in sight. Republican Florida Governor Ron DeSantis has signed into a law a bill that allows the state to designate terrorist groups, then punish those who promote them. Critics say the law will threaten free speech, especially on school campuses. The bill specifics bars the state’s courts from enforcing foreign religious laws, specifically naming Sharia Law. Florida courts enforce secular laws passed in the state, however. Representative Yassamin Ansari, an Arizona Democrat, will introduce impeachment articles next week against defense secretary Pete Hegseth. “Only Congress has the power to declare war, not a rogue president or his lackeys,” Ansari said in a statement. Donald Trump reiterated his threats to bomb Iranian energy and civilian infrastructure if the White House does not reach a deal to reopen the strait of Hormuz 8pm ET today. “The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said during a 90-minute press conference Monday afternoon. District court judges have been increasingly issuing strong rulings challenging the legality of many of Trump’s policies and power grabs, blocking key ones at least temporarily , and sparking angry responses from the president, former judges and prosecutors say. Trump threatened to jail a journalist – or journalists – who reported that a second US airman was missing after being shot down by Iran on Friday in an effort to identify their source. The badly injured airman hid in a mountain crevice to avoid capture before being rescued by a US recovery team that received heavy fire. Continue reading...
Behind every cutting-edge AI chip is a critical bottleneck: the memory required to feed it data. High-bandwidth memory (HBM) is now so highly sought after that the entire industry, including SK Hynix, Samsung, and Micron (MU), is completely sold out through 2026.
Behind every cutting-edge AI chip is a critical bottleneck: the memory required to feed it data. High-bandwidth memory (HBM) is now so highly sought after that the entire industry, including SK Hynix, Samsung, and Micron (MU), is completely sold out through 2026.
EchoStar (SATS) has pulled off the ultimate pivot. Since mid-2025, the stock has rocketed from $15 to $127 as investors treat the company as a de facto tracking stock for SpaceX’s looming $2 trillion IPO. The catalyst? A massive $20 billion spectrum deal that swapped EchoStar's debt-ridden telecom business for a seat at Elon Musk’s table.
EchoStar (SATS) has pulled off the ultimate pivot. Since mid-2025, the stock has rocketed from $15 to $127 as investors treat the company as a de facto tracking stock for SpaceX’s looming $2 trillion IPO. The catalyst? A massive $20 billion spectrum deal that swapped EchoStar's debt-ridden telecom business for a seat at Elon Musk’s table.