Business - Monday, March 16, 2026

Default rates in direct lending will climb to 8% as advances in artificial intelligence continue to disrupt the software industry, according to Morgan Stanley.

Gurley's VC firm Benchmark was an early Uber investor, and he helped oust then-CEO Travis Kalanick in 2017.

At the opening of the company’s annual conference, Jensen Huang leaned on technology from a recent deal to show how artificial intelligence is changing.

Gold was little changed, after the US dollar slipped and traders weighed attempts to contain an oil-supply shock arising from the war in the Middle East.

The Iran war wasn't expected to derail the Trump-Xi meeting in China, but analysts said it would influence the talks and any agreements that come out of them.

Ruling on a lawsuit brought by several prominent medical organizations, a district court said the federal government had not based its decisions on science in limiting Covid shots and revising the childhood immunization schedule.

As negotiations enter a ninth month, an outcome is thought to be weeks away and the devil is still in the detail It is two years since the shareholders of Thames Water threw in the towel, declared the company “uninvestible” and accepted their shares were worthless. Yet the water torture goes on and on. We are now in the ninth month of negotiations between Thames’s senior creditors and the regulator, Ofwat, on a rescue deal – and still an outcome is thought to be weeks away. Monday’s updated sketch of the proposal contained a few new details. The amount of fresh equity that would be injected into Thames has increased from £3.15bn to £3.35bn. The day-one debt facility has been boosted by a billion pounds to £3.25bn. Ofwat also appears to have insisted creditors underwrite a further £3.3bn debt facility in case Thames, circa 2028, can’t raise borrowings from the market on commercial terms by then; that precaution is probably wise. Continue reading...

Asian equities rose, led by technology companies, after Nvidia Corp. issued an upbeat outlook for artificial intelligence and US stocks rallied on optimism over ships passing through the Strait of Hormuz.

The president recently launched a war in Iran after topping Venezuelan leader Nicolas Maduro by force.

Lawyer for women who accused bank of facilitating their sexual abuse calls settlement ‘one more step’ to justice Sign up for the Breaking News US email to get newsletter alerts in your inbox Bank of America has settled a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein , court records showed on Monday. Lawyers for the bank and the women told Manhattan-based US district judge Jed Rakoff in a 12 March telephone call that they had reached a “settlement in principle”, a court filing said. The terms of the settlement were not immediately clear. Continue reading...