Global Finances Daily https://www.globalfinancesdaily.com/ Financial News and Information Wed, 01 Jul 2026 18:11:28 +0000 en-GB hourly 1 https://www.globalfinancesdaily.com/wp-content/uploads/2023/03/globalfinancesdaily-favicon-75x75.png Global Finances Daily https://www.globalfinancesdaily.com/ 32 32 Stock-market bulls need Kevin Warsh on their side to keep winning, says Wall Street veteran Bob Doll https://www.globalfinancesdaily.com/stock-market-bulls-need-kevin-warsh-on-their-side-to-keep-winning-says-wall-street-veteran-bob-doll/?utm_source=rss&utm_medium=rss&utm_campaign=stock-market-bulls-need-kevin-warsh-on-their-side-to-keep-winning-says-wall-street-veteran-bob-doll Wed, 01 Jul 2026 18:11:28 +0000 https://www.globalfinancesdaily.com/stock-market-bulls-need-kevin-warsh-on-their-side-to-keep-winning-says-wall-street-veteran-bob-doll/ The “high-risk” bull market in stocks needs Federal Reserve Chair Kevin Warsh on its side, according to Bob Doll, CEO at Crossmark Global Investments.

The post Stock-market bulls need Kevin Warsh on their side to keep winning, says Wall Street veteran Bob Doll appeared first on Global Finances Daily.

]]>



The “high-risk” bull market in stocks needs Federal Reserve Chair Kevin Warsh on its side, according to Bob Doll, CEO at Crossmark Global Investments.

The post Stock-market bulls need Kevin Warsh on their side to keep winning, says Wall Street veteran Bob Doll appeared first on Global Finances Daily.

]]>
This Samsung “The Frame” TV Is $400 Off Right Now https://www.globalfinancesdaily.com/this-samsung-the-frame-tv-is-400-off-right-now/?utm_source=rss&utm_medium=rss&utm_campaign=this-samsung-the-frame-tv-is-400-off-right-now Wed, 01 Jul 2026 18:10:21 +0000 https://www.globalfinancesdaily.com/this-samsung-the-frame-tv-is-400-off-right-now/ We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. When Samsung’s “The Frame” TV first dropped, it pioneered the concept of the “art TV,” making it a smart lifestyle option for anyone who doesn’t want a TV to dominate their decor when not […]

The post This Samsung “The Frame” TV Is $400 Off Right Now appeared first on Global Finances Daily.

]]>

We may earn a commission from links on this page.
Deal pricing and availability subject to change after time of publication.


When Samsung’s “The Frame” TV first dropped, it pioneered the concept of the “art TV,” making it a smart lifestyle option for anyone who doesn’t want a TV to dominate their decor when not in use. Over the years, Samsung has evolved the concept to include a QLED screen, AI processor technology, and thinner displays that make the “it’s not a TV, it’s art” illusion even more convincing. And right now is a great time to buy one: The 55-inch model from 2025 is marked down by $400, to $697.99—a 36% discount and the lowest price we’ve seen on this model.

Unlike a traditional TV, The Frame is designed to blend in. When you’re not watching TV, it switches into Art Mode, showcasing artwork or your own photos on a matte, anti-glare screen that looks surprisingly close to a real canvas. It also includes Samsung’s Slim Fit wall mount, so it sits nearly flush against the wall like framed artwork, rather than sticking out like a standard TV.  

The 2025 model features Samsung’s NQ4 AI Gen2 Processor and comes with new Vision AI features for improved picture optimization and better content recommendations. It isn’t Samsung’s flagship Mini-LED model, but it has fantastic QLED picture quality, with a brighter panel than previous models and strong HDR performance. It’s also a reliable choice for gamers, supporting 4K gaming at up to 144Hz with VRR.


What do you think so far?

Keep in mind that the set doesn’t come with the customizable bezels that create the framed look (they’re sold separately), and you’ll need a paid Samsung Art Store subscription to unlock the full artwork library. As with every The Frame TV, part of what you’re paying for is the design. While this normally comes at a steep premium, the $400 discount makes it easier to recommend. (That said, if your main priority is the best possible picture quality for the money, you may want to opt for something in Samsung’s Neo QLED lineup.)

Our Best Editor-Vetted Tech Deals Right Now

Deals are selected by our commerce team



The post This Samsung “The Frame” TV Is $400 Off Right Now appeared first on Global Finances Daily.

]]>
Crypto ATM Bans, Restrictions Now in Effect in Tennessee and Georgia https://www.globalfinancesdaily.com/crypto-atm-bans-restrictions-now-in-effect-in-tennessee-and-georgia/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-atm-bans-restrictions-now-in-effect-in-tennessee-and-georgia Wed, 01 Jul 2026 18:05:52 +0000 https://www.globalfinancesdaily.com/crypto-atm-bans-restrictions-now-in-effect-in-tennessee-and-georgia/ Cryptocurrency ATMs are fast disappearing from the American landscape as kiosk operators in two US states face bans and restrictions as new laws go into effect. Crypto ATM laws passed by Tennessee and Georgia went into effect on Wednesday, imposing a complete ban in the former and requiring transaction limits and reporting in the latter. […]

The post Crypto ATM Bans, Restrictions Now in Effect in Tennessee and Georgia appeared first on Global Finances Daily.

]]>

Cryptocurrency ATMs are fast disappearing from the American landscape as kiosk operators in two US states face bans and restrictions as new laws go into effect.

Crypto ATM laws passed by Tennessee and Georgia went into effect on Wednesday, imposing a complete ban in the former and requiring transaction limits and reporting in the latter. The measures by the two states followed bans in Indiana, which went into effect in March, and Minnesota, set to enforce an ATM ban on Aug. 1.

The Tennessee law, signed by Governor Bill Lee in April, bans the use and installation of cryptocurrency ATMs and kiosks, while the Georgia law requires that ATM operators cap money sent for new and existing users, issue warnings to customers and in some cases refund those who may have been the victim of fraud.

There were 185 crypto ATMs and kiosks operating in Tennessee before the statewide ban took effect on July 1. Source: CoinATMRadar

Many US state governments and municipalities have individually begun cracking down on crypto ATM operators in response to incidents of residents, particularly senior citizens, being conned into sending funds to scammers. Delaware and New Jersey lawmakers have proposed similar measures completely banning the machines.

Related: Massachusetts city to weigh crypto ATM ban, citing financial risks

The restrictions may have already contributed to at least one ATM operator going under. In May, Bitcoin Depot filed for Chapter 11 bankruptcy. The company had disclosed just days before that it had “substantial doubts” about its future amid a challenging regulatory environment and lawsuits.

“Bitcoin Depot’s bankruptcy is likely a preview of what the broader crypto ATM industry will face in the US over the next several years,” Roshan Dharia, CEO of Echo Base and a restructuring adviser, told Cointelegraph following the Chapter 11 filing. “The traditional model depended on high transaction spreads and limited regulatory scrutiny to offset unusually high compliance, cash logistics, fraud remediation, and retail revenue sharing costs. That equation is breaking down as states increasingly impose consumer protection standards that compress fees, expand operator liability for scam related activity, and raise expectations around transaction monitoring and reimbursement.”

Canada weighs countrywide ATM ban

Although not in effect yet, federal policymakers in Canada proposed a total ban on crypto ATMs across the country. The proposed policy, which would still allow Canadians to buy digital assets from brick-and-mortar money services businesses, was in response to what officials called the ATMs being the “primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime.”

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

The post Crypto ATM Bans, Restrictions Now in Effect in Tennessee and Georgia appeared first on Global Finances Daily.

]]>
21 Best Charleston Airbnbs, From Colorful Cottages to Historic Homes https://www.globalfinancesdaily.com/21-best-charleston-airbnbs-from-colorful-cottages-to-historic-homes/?utm_source=rss&utm_medium=rss&utm_campaign=21-best-charleston-airbnbs-from-colorful-cottages-to-historic-homes Wed, 01 Jul 2026 17:46:14 +0000 https://www.globalfinancesdaily.com/21-best-charleston-airbnbs-from-colorful-cottages-to-historic-homes/ Number of guests: 5Bed and bath: 3 bedrooms, 2 bathsWhy we love it: Water views, wine cellar, French press, Wolf induction range, record collection This place feels like a modern treehouse, elevated on sturdy pillars, with panoramic windows feeding you epic views over the Lowcountry tidal marsh and Stono River. Instead of people-watching, you’ll be […]

The post 21 Best Charleston Airbnbs, From Colorful Cottages to Historic Homes appeared first on Global Finances Daily.

]]>

Number of guests: 5
Bed and bath: 3 bedrooms, 2 baths
Why we love it: Water views, wine cellar, French press, Wolf induction range, record collection

This place feels like a modern treehouse, elevated on sturdy pillars, with panoramic windows feeding you epic views over the Lowcountry tidal marsh and Stono River. Instead of people-watching, you’ll be marsh-watching: snowy white egrets, pelicans, herons, crabs, and dolphins. Architect Brock Tobaben won awards for his Zen-like design (there’s even a yoga and meditation room with a wellness library). The private retreat is set way back off the main drag of Folly Road on James Island, placing you equidistant from the beach and downtown. You’ll chuckle at the street names on the drive out: Yankee Drive, Shrimp Street, Brown Pelican Lane. There’s an excellent grocery store right at the turnoff (and Crosby’s for the freshest catch), but if you don’t care to cook, just head nearby to Bowen’s Island for oysters, shrimp and grits, and steaming Lowcountry Boil.

Neighborhood: James Island
Things to do nearby: Lighthouse Inlet Heritage Preserve, Oak Point Golf Course, Charleston Tea Garden, Deep Water Vineyard, Fort Sumter National Monument

The post 21 Best Charleston Airbnbs, From Colorful Cottages to Historic Homes appeared first on Global Finances Daily.

]]>
Tether abandons Europe as MiCA ban wipes USDT from exchanges https://www.globalfinancesdaily.com/tether-abandons-europe-as-mica-ban-wipes-usdt-from-exchanges/?utm_source=rss&utm_medium=rss&utm_campaign=tether-abandons-europe-as-mica-ban-wipes-usdt-from-exchanges Wed, 01 Jul 2026 17:34:21 +0000 https://www.globalfinancesdaily.com/tether-abandons-europe-as-mica-ban-wipes-usdt-from-exchanges/ The European Union has completed its MiCA transition, leaving Tether’s $186 billion USDT without a compliant route onto regulated crypto exchanges across the bloc from July 1, 2026. Summary EU MiCA rules have removed USDT from regulated exchanges after Tether chose not to seek authorization. Circle’s USDC and EURC are now the leading MiCA-compliant stablecoins […]

The post Tether abandons Europe as MiCA ban wipes USDT from exchanges appeared first on Global Finances Daily.

]]>


The European Union has completed its MiCA transition, leaving Tether’s $186 billion USDT without a compliant route onto regulated crypto exchanges across the bloc from July 1, 2026.

Summary

  • EU MiCA rules have removed USDT from regulated exchanges after Tether chose not to seek authorization.
  • Circle’s USDC and EURC are now the leading MiCA-compliant stablecoins across licensed EU platforms.
  • Tether remains active through Hadron-powered partners as global USDT markets adjust to regional regulations.

According to the European Union’s Markets in Crypto-Assets (MiCA) framework, the transition period has now ended, requiring regulated crypto platforms to support only compliant stablecoins.

As a result, MiCA-licensed exchanges including Coinbase, Kraken, and Crypto.com have removed USDT trading for European users, ending the stablecoin’s presence on regulated order books despite its position as the world’s largest stablecoin by market capitalization.

Tether rejected MiCA authorization over reserve requirements

Rather than applying for authorization as an electronic money token (EMT), Tether decided not to pursue MiCA approval. CEO Paolo Ardoino previously argued that the regulation’s reserve rules create systemic risk because issuers must keep at least 60% of reserves in European bank deposits.

Tether’s reserve strategy instead relies heavily on U.S. Treasury securities and other globally diversified assets, making the MiCA framework incompatible with its existing model.

The company’s withdrawal from the European market had been unfolding well before the final deadline. Tether discontinued its euro-pegged EURT stablecoin in 2024, while exchange support for USDT gradually disappeared over the following months.

Coinbase Europe delisted the token in December 2024, Crypto.com followed in January 2025, Binance restricted European USDT trading pairs in March 2025, and Kraken first moved users to a sell-only model before later ending support entirely.

Data on MiCA adoption also illustrates how selective the licensing process has been. Before the July 1 deadline, only 244 MiCA licenses had been issued across the European Union, while several crypto companies opted to expand operations from jurisdictions such as Dubai instead of seeking authorization under the bloc’s new framework.

USDC strengthens its position while Tether keeps European partnerships

As Tether stepped away from the licensing process, Circle took the opposite approach by securing an Electronic Money Institution (EMI) license in France. The authorization can be passported across all 27 European Union member states, allowing both USDC and EURC to operate under MiCA. Their compliant status has made them the primary dollar- and euro-backed stablecoins available on licensed European trading platforms.

The transition has also forced liquidity providers to adjust. According to the report, market makers that previously quoted USDT pairs have begun rebuilding liquidity around USDC because regulated exchanges can no longer offer USDT trading within the European Union.

Even so, Tether has not completely exited the region’s digital asset ecosystem. Companies including StablR and Oobit have launched MiCA-compliant stablecoins, EURR and USDR, using Tether’s Hadron tokenization platform, allowing the company to maintain technology partnerships without issuing a MiCA-approved stablecoin itself.

Elsewhere in Europe, 37 banks including BNP Paribas and ING are developing a common euro stablecoin known as Qivalis, according to the report. The project seeks to provide a regulated euro-denominated alternative as financial institutions increase their participation in the digital asset market.

Recent exchange data also points to changing user behavior beyond Europe. As previously reported by crypto.news, Bybit and OKX disclosed higher user Bitcoin holdings in their latest Proof of Reserves reports, while USDT balances declined on both platforms, suggesting some users are holding less stablecoin liquidity.

In a separate crypto.news report, India’s USDT premium climbed above 8.5% after enforcement action against crypto remittance firms disrupted domestic supplies of the stablecoin, highlighting how regional regulations continue to reshape USDT markets in different ways.

The post Tether abandons Europe as MiCA ban wipes USDT from exchanges appeared first on Global Finances Daily.

]]>
Inflation peaked in May as energy prices fell in June, Kalshi traders think https://www.globalfinancesdaily.com/inflation-peaked-in-may-as-energy-prices-fell-in-june-kalshi-traders-think/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-peaked-in-may-as-energy-prices-fell-in-june-kalshi-traders-think Wed, 01 Jul 2026 17:28:36 +0000 https://www.globalfinancesdaily.com/inflation-peaked-in-may-as-energy-prices-fell-in-june-kalshi-traders-think/ Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images With oil and gas prices falling in the wake of the detente between the U.S. and Iran, prediction market traders now think inflation has peaked.  Speculators on prediction market platform Kalshi think there’s only a […]

The post Inflation peaked in May as energy prices fell in June, Kalshi traders think appeared first on Global Finances Daily.

]]>

Cuts of beef are displayed at Handy Market on May 14, 2026 in Burbank, California.

Justin Sullivan | Getty Images

With oil and gas prices falling in the wake of the detente between the U.S. and Iran, prediction market traders now think inflation has peaked. 

Speculators on prediction market platform Kalshi think there’s only a 28% chance that headline inflation this year climbs above 4.2%, the annual rate of increase in the Consumer Price Index in May

The next CPI report, measuring inflation in June, is due for release by the Bureau of Labor Statistics (BLS) on July 14.

The contract on Kalshi asks if traders think CPI will deliver a reading above various percentages in 2026. Contracts are resolved using the CPI data released each month by the BLS.  

The inflation outlook has eased primarily due to recent declines in its main driver: energy prices. After shooting higher after the start of the U.S.-Iran war in late February and the subsequent closure of the Strait of Hormuz, gas and oil prices have started to retreat after the partial reopening of the waterway.

Average national gasoline prices as of Wednesday stood at $3.84, according to AAA, down from more than $4.50 at their peak. That reflects weaker U.S. crude oil prices, which have fallen below $70 per barrel for the first time since the war began. 

Energy prices in May accounted for 60% of the CPI’s month-over-month increase. 

Now the decline in gas prices is leading Kalshi traders to think that CPI in June will show prices falling by 0.2% compared with May, in-line with Wall Street consensus estimates.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The post Inflation peaked in May as energy prices fell in June, Kalshi traders think appeared first on Global Finances Daily.

]]>
Trump’s limits on student loan forgiveness program blocked https://www.globalfinancesdaily.com/trumps-limits-on-student-loan-forgiveness-program-blocked/?utm_source=rss&utm_medium=rss&utm_campaign=trumps-limits-on-student-loan-forgiveness-program-blocked Wed, 01 Jul 2026 17:09:34 +0000 https://www.globalfinancesdaily.com/trumps-limits-on-student-loan-forgiveness-program-blocked/ President Donald Trump signs executive orders relating to higher education institutions, alongside Secretary of Education Linda McMahon, right, in the Oval Office of the White House in Washington, April 23, 2025. Saul Loeb | Afp | Getty Images Student loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on […]

The post Trump’s limits on student loan forgiveness program blocked appeared first on Global Finances Daily.

]]>

President Donald Trump signs executive orders relating to higher education institutions, alongside Secretary of Education Linda McMahon, right, in the Oval Office of the White House in Washington, April 23, 2025.

Saul Loeb | Afp | Getty Images

Student loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on their employer, after two federal judges blocked a Trump administration rule.

On Tuesday, U.S. District Judge Amir Ali struck down the regulation adding new restrictions to PSLF, which were going to start July 1. On the same day, U.S. District Judge Myong Joun sided with states, cities and nonprofits that brought legal challenges against the policy, concluding that the rule is “contrary to law” and “violates the First Amendment.”

The Trump administration’s rule would have changed the definition of a “qualifying employer” under PSLF to exclude organizations that “engage in unlawful activities.”

PSLF, signed into law in 2007 by George W. Bush, offers debt cancellation after a decade to borrowers who work for non-profits and the government.

Over 9 million borrowers may be eligible for PSLF, according to a 2022 estimate from Protect Borrowers, a nonprofit.

Read more CNBC personal finance coverage

“This decision marks an important victory for public servants and the rule of law,” said Jaylon Herbin, director of federal campaigns at the Center for Responsible Lending.

“Congress made clear who qualifies for Public Service Loan Forgiveness, and the Department of Education cannot rewrite that statute by creating new eligibility restrictions that Congress never authorized,” Herbin said.

Here’s what borrowers in the program should know.

‘A political loyalty test’

New York Attorney General Letitia James and more than a dozen other state attorneys general sued the administration in November over its new PSLF rule. A coalition of cities across the U.S., labor unions and nonprofit organizations also filed a lawsuit that month against the loan forgiveness restrictions.

“Public Service Loan Forgiveness was created as a promise to teachers, nurses, firefighters, and social workers that their service to our communities would be honored,” James said in a statement at the time.

“Instead, this administration has created a political loyalty test disguised as a regulation,” James said.

But critics argued that the vague regulatory language would have granted Trump officials broad authority to exclude any programs it didn’t like. Trump’s executive orders have targeted immigrants, transgender and nonbinary people and those who work to boost diversity across the private and public sector. Many nonprofits work in these spaces, providing legal support or doing advocacy and education work.

Opponents of the policy also argued that Trump officials could not revise the fact that Congress specified PSLF would be available to any eligible borrower who worked for the government or a 501(c)(3) nonprofit.

“If Congress wished to give borrowers credit for loan payments made while they work only at certain section 501(c)(3) organizations or wished to delegate to the Secretary the authority to make such determinations, it knew how to do so,” Ali wrote in his decision.

“Yet Congress chose to offer no caveats or delegations when it defined ‘public service job’,” Ali said.

The U.S. Department of Education is “evaluating next steps,” said Under Secretary of Education Nicholas Kent.

 “The Public Service Loan Forgiveness Program is intended to support Americans who serve the public good, not to subsidize organizations that engage in terrorism, facilitate illegal immigration, or support the mutilation of children,” Kent said.

What it means for student loan borrowers

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The post Trump’s limits on student loan forgiveness program blocked appeared first on Global Finances Daily.

]]>
Gemini Spark Is Now Available on Mac, but Is It Worth the Risk? https://www.globalfinancesdaily.com/gemini-spark-is-now-available-on-mac-but-is-it-worth-the-risk/?utm_source=rss&utm_medium=rss&utm_campaign=gemini-spark-is-now-available-on-mac-but-is-it-worth-the-risk Wed, 01 Jul 2026 17:08:37 +0000 https://www.globalfinancesdaily.com/gemini-spark-is-now-available-on-mac-but-is-it-worth-the-risk/ Mac users can now call on Google’s agentic AI, Gemini Spark, to automate tasks on their desktop and bridge the gap between Google Workspace and their local apps and files. But you should still be cautious when granting Gemini access to your data and workflows, as AI agents can introduce security risks. Google first announced […]

The post Gemini Spark Is Now Available on Mac, but Is It Worth the Risk? appeared first on Global Finances Daily.

]]>


Mac users can now call on Google’s agentic AI, Gemini Spark, to automate tasks on their desktop and bridge the gap between Google Workspace and their local apps and files. But you should still be cautious when granting Gemini access to your data and workflows, as AI agents can introduce security risks.

Google first announced Spark at I/O 2026 back in May, promising a rollout to the Gemini macOS app at some point this summer. That time has come—the AI agent is now available in beta for Google AI Ultra subscribers on macOS in the U.S. Google has said users will also be able to run Gemini Spark tasks on desktop remotely from their phones, though that functionality is not live yet.

Gemini Spark can automate workflows on macOS

Spark turns Gemini into a personal AI agent that can complete multi-step tasks based on your requirements, even if your device is turned off. When given access to desktop files and apps, it can, for example, sort downloaded PDFs into specific folders or create a budget in Sheets using invoices saved to your computer and update that worksheet on a regular schedule.

Google is also launching integrations with Tasks and Keep as well as apps like Canva, Dropbox, Instacart, OpenTable, and Zillow Rentals, so Gemini Spark could theoretically translate notes into action items, share files, submit your weekly grocery order, or make a dinner reservation. These will be available on web and mobile first, with a rollout planned for macOS “in the coming weeks.”


What do you think so far?

Agentic AI comes with risks

Google has emphasized that Gemini Spark works on your commands: It only has access to the files and apps you permit it to use, and it won’t spend money or take other high-stakes actions without your consent. However, handing control over to AI isn’t without risk, and you should proceed with caution when allowing Spark (or any other AI agent) to read your files and act on your behalf. At the very least, an AI agent could share sensitive information or send a message you wish it hadn’t.

One known security risk is a prompt injection attack, in which hackers trick AI into following their malicious instructions instead of your legitimate ones. When agentic AI acts autonomously without user approval, there’s no safeguard against data being shared, malware being downloaded, or a fraudulent purchase being made. If you’re going to let Gemini Spark or another AI agent take action on your behalf, you should limit what it can access, require manual review for certain tasks, and enable multi-factor authentication on connected accounts to minimize the risk from threat actors.



The post Gemini Spark Is Now Available on Mac, but Is It Worth the Risk? appeared first on Global Finances Daily.

]]>
U.S. manufacturers keep on trucking despite a road littered with obstacles https://www.globalfinancesdaily.com/u-s-manufacturers-keep-on-trucking-despite-a-road-littered-with-obstacles/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-manufacturers-keep-on-trucking-despite-a-road-littered-with-obstacles Wed, 01 Jul 2026 16:58:05 +0000 https://www.globalfinancesdaily.com/u-s-manufacturers-keep-on-trucking-despite-a-road-littered-with-obstacles/ High U.S. tariffs, war with Iran, a spike in oil prices, rising inflation — no matter. American manufacturers grew in June for the sixth month in a row to mark the longest streak in four years.

The post U.S. manufacturers keep on trucking despite a road littered with obstacles appeared first on Global Finances Daily.

]]>



High U.S. tariffs, war with Iran, a spike in oil prices, rising inflation — no matter. American manufacturers grew in June for the sixth month in a row to mark the longest streak in four years.

The post U.S. manufacturers keep on trucking despite a road littered with obstacles appeared first on Global Finances Daily.

]]>
Goldman BDC bucks wider redemption trend https://www.globalfinancesdaily.com/goldman-bdc-bucks-wider-redemption-trend/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-bdc-bucks-wider-redemption-trend Wed, 01 Jul 2026 16:45:27 +0000 https://www.globalfinancesdaily.com/goldman-bdc-bucks-wider-redemption-trend/ Goldman Sachs’ private credit fund has reported that investors sought to repurchase 3.24 per cent of its outstanding shares in the second quarter, bucking the recent trend of elevated redemption requests across the private credit sector. In a shareholder letter, Goldman Sachs Private Credit Corp said investors requested to withdraw 3.24 per cent of shares […]

The post Goldman BDC bucks wider redemption trend appeared first on Global Finances Daily.

]]>

Goldman Sachs’ private credit fund has reported that investors sought to repurchase 3.24 per cent of its outstanding shares in the second quarter, bucking the recent trend of elevated redemption requests across the private credit sector.

In a shareholder letter, Goldman Sachs Private Credit Corp said investors requested to withdraw 3.24 per cent of shares outstanding, below the fund’s five per cent quarterly repurchase cap. The requests will be fulfilled in full, the bank said.

The update comes as alternative asset managers including Ares, Apollo and Morgan Stanley have all faced withdrawal requests from their private credit funds ranging from 12 to 17 per cent, with elevated redemptions extending into the second quarter.

The redemptions driven by concerns over lending standards in private credit and growing fears that artificial intelligence could undermine the software sector, an area to which the asset class has significant exposure.

As a result, Goldman’s business development company (BDC) has diverged from the broader industry trend, alongside Oaktree Capital Management’s Strategic Credit Fund, which recorded redemption requests equivalent to 4.5 per cent of assets in the second quarter.

“We view this as a meaningful expression of shareholder confidence — particularly during a period when the broader non-traded BDC industry is experiencing meaningful repurchase pressure — which is deeply appreciated and not taken for granted and gives us the stability and flexibility to invest with discipline and patience,” Goldman Sachs said in its second quarter shareholder letter.

Goldman Sachs also reported that its BDC received $275m (£207m) in gross inflows during the quarter, equivalent to roughly three per cent of net asset value. The fund generated $1.3bn of total gross subscriptions in the first half of 2026.

Read more: Semi-liquid structures: the double-edged sword



The post Goldman BDC bucks wider redemption trend appeared first on Global Finances Daily.

]]>