[2026-05-06 01:33 UTC+10:00] [General] [Factuality: 100]

Source: New York Post

Title: California insurance commissioner candidate gives stunning six-word summary of looming catastrophe

Snippet: California Insurance Commissioner candidate Stacey Korsgaden has summed up the deepening crisis rippling across the state’s economy.

Read full article: https://nypost.com/2026/05/05/us-news/stacey-korsgaden-warns-california-not-insurable-amid-crisis/

[2026-05-06 01:20 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Ferrari Skids As Wartime Disruptions Hit Deliveries

Snippet: Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets.

Read full article: https://www.zerohedge.com/markets/ferrari-slides-wartime-disruptions-hit-deliveries

[2026-05-06 01:00 UTC+10:00] [Australian economy] [Factuality: 100]

Source: Guardian Australia

Title: RBA governor’s frank message on the economy is the biggest shock

Snippet: Michele Bullock drops her usual caution to spell out the threat of higher prices and lower growth

Read full article: https://www.theguardian.com/commentisfree/2026/may/05/rba-governors-frank-message-on-the-economy-is-the-biggest-shock

[2026-05-06 00:57 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Job Openings Drop But More Than Offset By Record Surge In Hiring

Snippet: Two months ago, the BLS reported that January job openings unexpectedly soared by 400K, the biggest increase since November 2024, to 6.946MM, the highest since last October. Then, one month later it turned out the jump was even higher than that when the BLS published the February JOLTS print, when we learned that the January job print was revised massively higher by another 300K to 7.240MM from 6.946MM, a surge of 690K and the biggest since 2022; February job openings

Read full article: https://www.zerohedge.com/markets/job-openings-drop-more-offset-record-surge-hiring

[2026-05-06 00:40 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos

Snippet: Anyone has been in the bond markets for more than a minute remembers the fall of 2022 when UK PM Liz Truss was unceremoniously dumped by her own party after serving 45 days in office as the Gilts market collapsed at unprecedented speed amid economic chaos triggered by her 'mini-budget' (and multiple ministerial resignations).

Read full article: https://www.zerohedge.com/markets/uk-gilt-yields-near-30-year-highs-politicalgeopolitical-fears-spark-trussian-chaos

[2026-05-06 00:15 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Deregulate To Regulate

Snippet: Submitted by Molly Schwartz, Cross-Asset Marco Strategist at Rabobank

Read full article: https://www.zerohedge.com/markets/deregulate-regulate

[2026-05-06 00:08 UTC+10:00] [General] [Factuality: 100]

Source: AP News

Title: U.S. job openings were unchanged at 6.9 million in March but hiring improved

Snippet: A hiring sign is displayed at a restaurant, in Niles, Ill., Tuesday, April 7, 2026. (AP Photo/Nam Y. Huh)

Read full article: https://apnews.com/article/job-openings-economy-trump-iran-war-hiring-93d758277fc30efef1bcb22341508621

[2026-05-05 23:45 UTC+10:00] [General] [Factuality: 90]

Source: The National (UAE)

Title: No food concern in UAE for ‘next 100 years’, says Abu Dhabi producer Ghitha | The National

Snippet: There are no concerns about food security in the UAE, with the country well equipped to deal with any crisis, chief executive of key food producer and distributor Ghitha Holding has said.

Read full article: https://www.thenationalnews.com/business/economy/2026/05/05/no-food-concern-in-uae-for-next-100-years-says-abu-dhabi-producer-ghitha/

[2026-05-05 23:15 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Ford Sales Post Sharp 14.4% Decline In April As EV & Hybrid Sales Plunge

Snippet: Ford Motor Company posted a sharp sales decline in April as demand for new vehicles cooled across much of the auto industry, with the company reporting a 14.4% drop year over year to 178,667 vehicles sold, according to Autoevolution.

Read full article: https://www.zerohedge.com/markets/ford-sales-post-sharp-144-decline-april-ev-and-hybrid-sales-plunge-248-and-325

[2026-05-05 23:00 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: How this Chinese city is netting profits amid World Cup fever

Snippet: Yiwu, the world’s capital of small goods, tackles global market for football-related merchandise as buzz builds ahead of major tournament

Read full article: https://www.scmp.com/economy/china-economy/article/3352306/how-chinese-city-netting-profits-amid-world-cup-fever?utm_source=rss_feed

[2026-05-05 23:00 UTC+10:00] [Latin America] [Factuality: 100]

Source: South China Morning Post

Title: How this Chinese city is netting profits amid World Cup fever

Snippet: Yiwu, the world’s capital of small goods, tackles global market for football-related merchandise as buzz builds ahead of major tournament

Read full article: https://www.scmp.com/economy/china-economy/article/3352306/how-chinese-city-netting-profits-amid-world-cup-fever

[2026-05-05 23:00 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Romanian Pro-EU Government Collapses After No-Confidence Vote, Currency Tumbles To Record Low

Snippet: Lawmakers toppled Romanian Prime Minister Ilie Bolojan's pro-EU ​government in a no-confidence vote on Tuesday, putting at risk the country's sovereign debt ratings, its access to ‌EU funds and the stability of its currency. Of the valid votes cast in the parliament, 285 voted for the motion of censure and four against, exceeds the 251 signatures collected last week for the motion and above the 233 needed to pass, the official parliamentary count showed.

Read full article: https://www.zerohedge.com/markets/romanian-pro-eu-government-collapses-after-no-confidence-vote-currency-tumbles-record-low

[2026-05-05 22:26 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Futures Jump As Dip-Buyers Return After After Iran Truce Holds

Snippet: Stock futures are higher, completely reversing yesterday's drop with dip-buyers out in force as a fragile ceasefire between the US and Iran held after a day of clashes and sentiment is helped by a pullback in oil prices, with Brent crude futures down 1.4% as well as the US move to return 22 Iranian crew from a seized vessel.

Read full article: https://www.zerohedge.com/markets/futures-jump-dip-buyers-return-after-after-iran-truce-holds

[2026-05-05 21:45 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position

Snippet: Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg.

Read full article: https://www.zerohedge.com/markets/michael-burry-exits-gamestop-position-doubles-down-lululemon

[2026-05-05 21:30 UTC+10:00] [Climate crisis] [Factuality: 100]

Source: Guardian Australia

Title: As household bills soar, is it time for a ‘working-class climate agenda’?

Snippet: Proposal from group that worked with AOC and Bernie Sanders seeks to counter claim that climate policy is politically toxic

Read full article: https://www.theguardian.com/us-news/2026/may/05/climate-crisis-working-class-economy

[2026-05-05 21:07 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: AI-driven FinBursa connects global investors with Middle East's most promising start-ups | The National

Snippet: When global investors look for emerging markets, the Middle East is one of the most compelling destinations. Driven by sovereign wealth and a thriving startup ecosystem, it is one of the fastest-growing business environments in the world.

Read full article: https://www.thenationalnews.com/in-focus/2026/05/05/ai-driven-finbursa-connects-global-investors-with-middle-easts-most-promising-start-ups/

[2026-05-05 20:55 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Dell Board Unanimously Backs Redomiciliation To Texas As Delaware Exodus Accelerates

Snippet: Dell Technologies' Board of Directors unanimously approved a proposal to move the company's state of incorporation from Delaware to Texas. This adds to the growing trend of redomiciliation, with companies such as Tesla, SpaceX, Neuralink, Coinbase, Affirm, TripAdvisor, eXp World Holdings, and others moving from Delaware to business-friendly states.

Read full article: https://www.zerohedge.com/markets/dell-board-unanimously-backs-redomiciliation-texas-delaware-exodus-accelerates

[2026-05-05 20:11 UTC+10:00] [Australian economy] [Factuality: 100]

Source: Guardian Australia

Title: Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault

Snippet: In sobering comments, the RBA governor forecasts economic malaise due to the global fuel shock. Not recession but higher prices, lower growth and wages that don’t keep pace with inflation

Read full article: https://www.theguardian.com/business/2026/may/05/australians-are-poorer-because-of-war-on-the-other-side-of-the-world-michele-bullocks-logic-is-hard-to-fault

[2026-05-05 20:00 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: 4 years after lockdown, Shanghai’s expat community is recovering – and changing

Snippet: Four years ago, Shanghai’s draconian lockdown sparked an exodus of foreigners. Now, there are signs the city’s expat community is slowly bouncing back

Read full article: https://www.scmp.com/economy/china-economy/article/3352494/4-years-after-lockdown-shanghais-expat-community-recovering-and-changing?utm_source=rss_feed

[2026-05-05 20:00 UTC+10:00] [zero-Covid] [Factuality: 100]

Source: South China Morning Post

Title: 4 years after lockdown, Shanghai’s expat community is recovering – and changing

Snippet: Four years ago, Shanghai’s draconian lockdown sparked an exodus of foreigners. Now, there are signs the city’s expat community is slowly bouncing back

Read full article: https://www.scmp.com/economy/china-economy/article/3352494/4-years-after-lockdown-shanghais-expat-community-recovering-and-changing

[2026-05-05 19:50 UTC+10:00] [General] [Factuality: 100]

Source: CNBC

Title: Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

Snippet: Up until the weekend, global markets had been betting on a fragile ceasefire between the U.S. and Iran turning into a longer-term peace deal.

Read full article: https://www.cnbc.com/2026/05/05/us-iran-attacks-markets-peace-deal-talks.html

[2026-05-05 19:19 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: Capital Group joins list of trillion-dollar asset managers at ADGM | The National

Snippet: Capital Group, which manages $3.3 trillion in assets, is setting up a base in Abu Dhabi’s ADGM, as the financial hub continues to attract global investment power houses despite war-driven uncertainties.

Read full article: https://www.thenationalnews.com/business/economy/2026/05/05/capital-group-joins-list-of-trillion-dollar-asset-managers-at-adgm/

[2026-05-05 19:00 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Hong Kong posts strongest quarterly economic growth in almost 5 years at 5.9%

Snippet: Robust exports and resilient domestic consumer spending drive growth despite Middle East tensions and rising energy costs

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352495/hong-kong-posts-strongest-quarterly-economic-growth-almost-5-years-59?utm_source=rss_feed

[2026-05-05 19:00 UTC+10:00] [Israel] [Factuality: 100]

Source: South China Morning Post

Title: Hong Kong posts strongest quarterly economic growth in almost 5 years at 5.9%

Snippet: Robust exports and resilient domestic consumer spending drive growth despite Middle East tensions and rising energy costs

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352495/hong-kong-posts-strongest-quarterly-economic-growth-almost-5-years-59

[2026-05-05 19:00 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Germany's Silent Shift: From Entrepreneurs To State Dependence

Snippet: Submitted by Thomas Kolbe

Read full article: https://www.zerohedge.com/markets/germanys-silent-shift-entrepreneurs-state-dependence

[2026-05-05 18:55 UTC+10:00] [General] [Factuality: 100]

Source: Nikkei Asia

Title: Indonesia's 5.61% Q1 growth hides weak fundamentals, economists warn

Snippet: Millions of Indonesian Muslims traveled to their hometowns for Eid al-Fitr, which fell in late March this year. Increased household spending during the holiday helped the economy grow 5.61% on an annualized basis in the first quarter of 2026. © Reuters

Read full article: https://asia.nikkei.com/economy/indonesia-s-5.61-q1-growth-hides-weak-fundamentals-economists-warn

[2026-05-05 18:07 UTC+10:00] [Business / Companies] [Factuality: 100]

Source: The Age

Title: What a $12,500 cocktail and a $78b EBay bid say about our red-hot markets

Snippet: The Australian and US economies are both red-hot, but our respective sharemarkets have diverged sharply.

Read full article: https://www.theage.com.au/business/companies/what-a-12-500-cocktail-and-a-78b-ebay-bid-say-about-our-red-hot-markets-20260505-p5ztw1.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-05-05 17:45 UTC+10:00] [Economy & Markets] [Factuality: 100]

Source: Michael West Media

Title: RBA raises rate. Leaves pressure on Chalmers’ tax fiddling

Snippet: Don't pay so you can read it. Pay so everyone can!

Read full article: https://michaelwest.com.au/rba-raises-rate-leaves-pressure-on-chalmers-tax-fiddling/

[2026-05-05 17:35 UTC+10:00] [Business / The economy] [Factuality: 100]

Source: The Age

Title: Trump’s video game war has the world in an economic spiral

Snippet: You have reached your maximum number of saved items.

Read full article: https://www.theage.com.au/business/the-economy/trump-s-video-game-war-has-the-world-in-an-economic-spiral-20260504-p5ztd3.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-05-05 17:22 UTC+10:00] [General] [Factuality: 100]

Source: Nikkei Asia

Title: Moody's readies stablecoin ratings as Asian market takes shape

Snippet: The digital economy team at Moody's is trying to adapt its ratings and services to emerging technologies such as blockchain and artificial intelligence. (Nikkei montage/Source photos by Reuters)

Read full article: https://asia.nikkei.com/spotlight/cryptocurrencies/moody-s-readies-stablecoin-ratings-as-asian-market-takes-shape

[2026-05-05 17:00 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: World’s largest listed hedge fund manager Man Group to set up in Abu Dhabi | The National

Snippet: Man Group, the world’s largest listed hedge fund firm, is set to establish a presence in Abu Dhabi, in a significant boost to the emirate’s ambitions to position itself at the centre of global capital flows.

Read full article: https://www.thenationalnews.com/business/economy/2026/05/05/worlds-largest-listed-hedge-fund-firm-man-group-to-set-up-in-abu-dhabi/

[2026-05-05 16:01 UTC+10:00] [All News] [Factuality: 100]

Source: The Korea Herald

Title: Seoul faces mounting dilemma after Hormuz vessel fire, Trump ramps up pressure

Snippet: Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts in diplomacy, military policy and North Korea’s evolving posture.

Read full article: https://www.koreaherald.com/article/10731382

[2026-05-05 15:38 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: EcoCeres to invest HK$10 billion in sustainable aviation fuel plants in Greater Bay Area

Snippet: Sustainable aviation fuel plants backed by tycoon Peter Lee’s family office hailed by Hong Kong leader as ‘milestone’ cross-border collaboration

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352453/ecoceres-invest-hk10-billion-sustainable-aviation-fuel-plants-greater-bay-area?utm_source=rss_feed

[2026-05-05 15:38 UTC+10:00] [Wei Hao] [Factuality: 100]

Source: South China Morning Post

Title: EcoCeres to invest HK$10 billion in sustainable aviation fuel plants in Greater Bay Area

Snippet: Sustainable aviation fuel plants backed by tycoon Peter Lee’s family office hailed by Hong Kong leader as ‘milestone’ cross-border collaboration

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352453/ecoceres-invest-hk10-billion-sustainable-aviation-fuel-plants-greater-bay-area

[2026-05-05 15:34 UTC+10:00] [General] [Factuality: 100]

Source: AfricaNews

Title: Ugandan civil society denounces ‘foreign agents’ bill

Snippet: Civil society groups in Uganda have strongly criticised a proposed “Protection of Sovereignty Bill,” warning it could stifle dissent and harm the economy, as debate intensifies ahead of its presentation in parliament.

Read full article: http://www.africanews.com/2026/05/05/ugandan-civil-society-denounces-foreign-agents-bill/

[2026-05-05 15:30 UTC+10:00] [World / North America] [Factuality: 100]

Source: The Age

Title: Trump turns up the volume on economic wins and acing his tests

Snippet: Washington: Facing pressure to address the economic fallout of his war in Iran, President Donald Trump sought to portray his policy wins for small businesses as evidence that he was succeeding in building up the economy.

Read full article: https://www.theage.com.au/world/north-america/trump-turns-up-the-volume-on-economic-wins-and-acing-his-tests-20260505-p5ztyz.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-05-05 15:16 UTC+10:00] [General] [Factuality: 92]

Source: CNBC

Title: European stocks set to open lower as Iran war concerns grow

Snippet: LONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments in the Iran war.

Read full article: https://www.cnbc.com/2026/05/05/european-markets-stoxx-600-ftse-dax-iran-war-news-oil-prices.html

[2026-05-05 15:14 UTC+10:00] [All News] [Factuality: 100]

Source: The Korea Herald

Title: Samsung board chief urges dialogue as strike threat looms

Snippet: Shin Je-yoon warns walkout could hit chip output, ripple across economy

Read full article: https://www.koreaherald.com/article/10731360

[2026-05-05 15:01 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Fee, prize caps proposed for claw machines amid ‘deceptive design’ concerns

Snippet: Lawmakers suggest capping plays at HK$5 and prizes at HK$300 as first step, while calling for a balance between user protection and industry development

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352447/fee-prize-caps-proposed-claw-machines-amid-deceptive-design-concerns?utm_source=rss_feed

[2026-05-05 15:01 UTC+10:00] [user addiction] [Factuality: 100]

Source: South China Morning Post

Title: Fee, prize caps proposed for claw machines amid ‘deceptive design’ concerns

Snippet: Lawmakers suggest capping plays at HK$5 and prizes at HK$300 as first step, while calling for a balance between user protection and industry development

Read full article: https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3352447/fee-prize-caps-proposed-claw-machines-amid-deceptive-design-concerns

[2026-05-05 14:53 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: More than 85% of Iran's drone strikes on UAE thwarted by Edge defence systems | The National

Snippet: More than 85 per cent of Iranian drones that were launched at the UAE were eliminated by Edge Group’s defence systems, the UAE defence conglomerate has said.

Read full article: https://www.thenationalnews.com/business/economy/2026/05/05/more-than-85-of-irans-drone-strikes-on-uae-thwarted-by-edge-defence-systems/

[2026-05-05 14:31 UTC+10:00] [Politics / Federal] [Factuality: 100]

Source: The Age

Title: Reserve Bank raises interest rates for third time this year

Snippet: The Reserve Bank has lifted interest rates as insurance against an inflation breakout from the Iran war, while warning that higher oil prices risk pushing the economy to the brink of a per-person recession.

Read full article: https://www.theage.com.au/politics/federal/reserve-bank-raises-interest-rates-for-third-time-this-year-20260505-p5ztup.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-05-05 14:31 UTC+10:00] [General] [Factuality: 100]

Source: AP News

Title: US futures gain and Asian shares slip as oil prices fall back

Snippet: A train arrives at a Wall Street subway station in New York’s Financial District on Nov. 5, 2024. (AP Photo/Peter Morgan, File)

Read full article: https://apnews.com/article/stocks-markets-trump-oil-iran-e1c194b5266c4eb58dc993cc4a9f9b50

[2026-05-05 14:28 UTC+10:00] [General] [Factuality: 100]

Source: Nikkei Asia

Title: Indonesia posts 5.61% GDP growth in first quarter, buoyed by Eid spending

Snippet: Millions of Indonesian Muslims traveled to their hometowns for Eid al-Fitr, which fell in late March this year. Increased household spending during the holiday helped the economy grow 5.61% on an annualized basis in the first quarter of 2026. © Reuters

Read full article: https://asia.nikkei.com/economy/indonesia-posts-5.61-gdp-growth-in-first-quarter-buoyed-by-eid-spending

[2026-05-05 13:54 UTC+10:00] [Business / Banking & finance] [Factuality: 100]

Source: The Age

Title: Westpac raises buffers for bad loans as it braces for slowdown

Snippet: Westpac has raised its buffers for soured loans as it prepares for a weakening in the economy due to the Middle East war, even as its latest results showed fewer borrowers were struggling with repayments.

Read full article: https://www.theage.com.au/business/banking-and-finance/westpac-raises-buffers-for-bad-loans-as-it-braces-for-slowdown-20260505-p5ztws.html?ref=rss&utm_medium=rss&utm_source=rss_feed

[2026-05-05 13:00 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: RAK Ceramics offsets loss of exports with rise in domestic market sales, CEO says | The National

Snippet: RAK Ceramics is offsetting the Iran-war-driven slowdown in exports with a pivot to the domestic market, where the push for new developments to be completed on time is supporting sales, its chief executive has said.

Read full article: https://www.thenationalnews.com/business/economy/2026/05/05/rak-ceramics-offsets-loss-of-exports-with-rise-in-domestic-market-sales-ceo-says/

[2026-05-05 13:00 UTC+10:00] [General] [Factuality: 100]

Source: The National (UAE)

Title: The UAE is building to secure its sovereignty | The National

Snippet: At a time of heightened uncertainty in the Middle East, a closer look at the UAE this week offers a glimpse of how one country is articulating a new way forward.

Read full article: https://www.thenationalnews.com/opinion/editorial/2026/05/05/uae-industry-energy-economy-manufacturing-middle-east/

[2026-05-05 12:57 UTC+10:00] [General] [Factuality: 100]

Source: South China Morning Post

Title: Brussels bans Chinese inverters from EU-funded power projects connected to European grid

Snippet: EU official says Brussels has identified cybersecurity and dependency risks in foreign inverters

Read full article: https://www.scmp.com/economy/china-economy/article/3352435/brussels-bans-chinese-inverters-eu-funded-power-projects-connected-european-grid?utm_source=rss_feed

[2026-05-05 12:57 UTC+10:00] [European Union] [Factuality: 100]

Source: South China Morning Post

Title: Brussels bans Chinese inverters from EU-funded power projects connected to European grid

Snippet: EU official says Brussels has identified cybersecurity and dependency risks in foreign inverters

Read full article: https://www.scmp.com/economy/china-economy/article/3352435/brussels-bans-chinese-inverters-eu-funded-power-projects-connected-european-grid

[2026-05-05 12:35 UTC+10:00] [General] [Factuality: 100]

Source: Zero Hedge

Title: Meta Raising $13 Billion SPV For Texas Data Center As Its CDS Hits Record

Snippet: Back in January, just days before the latest private crash swept across markets, we reminded readers that one of the biggest abusers of private credit SPVs was none other than Meta which as of 2025 was "already neck deep in off-balance sheet debt." We then showed a schematic of its $27.3 billion SPV with private credit ground zero - Blue Owl - titled "Project Beignet", which was created for Meta's Hyperion data center, "none of this touches META's balance sheet."

Read full article: https://www.zerohedge.com/markets/meta-raising-13-billion-spv-texas-data-center-its-cds-hits-record