Private credit shakeout matching Covid losses coming, Morgan Stanley says

Private credit shakeout matching Covid losses coming, Morgan Stanley says

More pain is coming in private credit as defaults ramp up, creating “significant” risks, according to Morgan Stanley. The sector has been marked by turbulence as investors, concerned that artificial intelligence will disrupt software businesses, pulled money from private credit funds. That led to a spike in redemptions by private market and alternative asset managers….

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U.S. counterterrorism director Joe Kent resigns over Iran war

U.S. counterterrorism director Joe Kent resigns over Iran war

Joe Kent, director of the National Counterterrorism Center, testifies during the House Homeland Security Committee hearing titled “Worldwide Threats to the Homeland,” in Cannon building on Wednesday, December 11, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images National Counterterrorism Center Director Joe Kent on Tuesday announced he will resign in response to the…

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Lukas prizes honor books on homelessness, the US Census and ancient India

Lukas prizes honor books on homelessness, the US Census and ancient India

NEW YORK — Books on homelessness, the U.S. Census and ancient India are among this year’s winners of prizes handed out by the J. Anthony Lukas Project, named for the late author and investigative journalist. The winners were announced Tuesday by the project’s administrators, the Columbia Journalism School and the Nieman Foundation for Journalism at…

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