Karo Platinum secures mining lease for Zimbabwe project

The views expressed here are solely those of the authors and do not necessarily represent those of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research. We thank John Campbell, Mikhail Chernov, Riccardo Colacito, Max Croce, Xiang Fang, Federico Gavazzoni, Valentin Haddad, Jonathan Heathcote, Oleg Itskhoki,…

Liquidity relief today, balance-sheet strain tomorrow: The very structures that make private credit nimble—PIK loans—could also mask risk until it’s too late. When GoHealth Inc. filed for Chapter 11 bankruptcy protection on June 7, the writing had been on the wall for two years. The Chicago-based health insurance marketplace had inked a payment-in-kind (PIK) deal…

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Massive spending on data centers and AI infrastructure can benefit “HALO” companies: hard assets, low obsolescence.

The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995. NZD/USD Price Forecast: Technical outlook The daily chart…