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In private credit, banks are ‘quietly preparing for some distress on the horizon’ by requiring ever-stricter legal terms for debt-ridden companies | Fortune

by admin | Nov 2, 2025 | blog

In September of this year, JPMorgan helped Coherent Corp—a maker of lasers and optical equipment—refinance some of its debt with a new $1.25 billion private credit loan and a $700 million “revolving” credit facility. The deal contained a newly trendy clause in its...

Long lines form at food pantries after SNAP payments were suddenly cut off due to the government shutdown | Fortune

by admin | Nov 1, 2025 | blog

People across the country formed long lines for free meals and groceries at food pantries and drive-through giveaways Saturday, after monthly benefits through the federal Supplemental Nutrition Assistance Program, or SNAP, were suddenly cut off because of the...

U.S. cattle faces a growing threat from a protected species of vulture spreading north amid climate change — ‘They just basically eat them alive’ | Fortune

by admin | Nov 1, 2025 | blog

Allan Bryant scans the sky as he watches over a minutes-old calf huddled under a tree line with its mother. After a few failed tries, the calf stands on wobbly legs for the first time, looking to nurse. Above, a pair of birds circle in the distance. Bryant, hoping...

Instacart, DoorDash, Gopuff and Zip are offering discounts to SNAP recipients getting cut off from food aid payments | Fortune

by admin | Nov 1, 2025 | blog

Instacart said any customer who placed an order in October using a SNAP/EBT card will be eligible for the discount, which will be available even if the government makes the payments as planned on Nov. 1. Instacart said it is also expanding the number of food banks it...
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