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Meghan Markle delivers powerful speech on dangers of online bullying at the Lost Screen Memorial unveiling in Geneva

NY Post
1 month ago
The art installation, created by Markle and Prince Harry's Archewell Philanthropies, is going to be on display through Friday.
Riley Cardoza, Tamantha Ryan

Desperate plea from Primm family as gambling resorts on California-Nevada scheduled to close

NY Post
1 month ago
Primm Valley Resorts is permanently shutting down, but there's hope.
Titus Wu

Largest Ukrainian Drone Attack On Moscow In Over A Year Leaves Four Dead

Zero Rss
1 month ago
Largest Ukrainian Drone Attack On Moscow In Over A Year Leaves Four Dead

The Russian capital has just suffered possibly its single biggest and deadliest Ukrainian drone attack of the war - and certainly the largest attack wave on Moscow in the last year. It ironically comes exactly a week after President Zelensky signed on to a three day Russian 'Victory Day' ceasefire at the behest of President Trump. It also comes after several days of major Russian missile and drone attacks on Ukraine.

At least four people have been killed in the overnight large-scale assault wave, with dozens more wounded. Regional airports have been shut down, and there's been a sense of panic as the threat lingered into the daylight hours Sunday, with onlookers filming drones flying uncontested over Moscow airspace. 

via Telegram

"A woman died in Khimki, north of Moscow, and a person was trapped under rubble, regional governor Andrei Vorobiev said. A man and a woman were killed in the village of Pogorelki," BBC reports, citing local authorities.

Additionally, "A male Indian citizen was killed and three others injured, India's Moscow embassy said, but it was not clear whether these casualties were included in Vorobiev's tally. Another person died in Belgorod region bordering Ukraine."

The regional governor said that residences were on fire, with a home in the village of Subbotino, southwest of Moscow, being one of them. 

Reports say the attack marks the first time of the entire 4+ year long war that Ukraine directly struck a Moscow oil refinery, considered to be the most protected energy facility in the country, with multiple strikes landing on target.

Moment of attack on Moscow refinery:

For the first time, Ukraine has managed to hit the Moscow oil refinery, the most protected facility in the country - multiple strikes. pic.twitter.com/0CE3rYACwJ

— Jay in Kyiv (@JayinKyiv) May 17, 2026

Hours-long fire at the key refinery...

Among other burning Russian things across Moscow today, fires at Moscow's massive Solnechnogorsk oil facility continue to spread, 8 hours after Ukraine's strikes. pic.twitter.com/RDFOS8zMm6

— Jay in Kyiv (@JayinKyiv) May 17, 2026

Some eyewitness accounts said at one point drones were seen flying in formation over Moscow, as if to make a mockery of Russian anti-air defense.

Ukraine's drone swarms have long proven a major problem for Russia's military, being small and low to the ground, able to evade expensive air defenses which were designed to intercept larger, faster inbound projectiles like rockets or aircraft.

Overnight, Russia's defense ministry said 556 drones were intercepted around the country. Some 130 of them were intercepted in the Moscow region alone, but clearly at least dozens still made it through.

Ukriane hitting Moscow today… multiple times pic.twitter.com/iDu4rBqHct

— Open Source Intel (@Osint613) May 17, 2026

Amid the suicide UAV attack mayhem, Sheremetyevo - Russia's busiest airport that serves Moscow - suffered drone damage and falling debris, but there were no reports of injury at the airport.

"The situation in the passenger terminals is calm. Sheremetyevo Airport is providing stable passenger and aircraft services," airport officials said.

There have also been dramatic scenes of massive fires just underneath busy highways, causing panicked drivers to try and get past the flames quickly and safely, and watching the skies above.

Damage at Sheremetyevo airport...

via X

Ukrainian President Zelensky later owned up to authorizing the attack, saying the strikes were an "entirely justified" response to the last several days of Russian attacks on Ukrainian cities, including Kiev. This past week saw massive Russian attacks, which killed seven bystanders and wounded many more, including children.

Rare moment of chaos and fear over Moscow...

Moscow. Drone attack continues right now. Our local correspondent reports air defense activity directly above him. https://t.co/1Y7rrdEsjB pic.twitter.com/bMgFm6NCpT

— WarTranslated (@wartranslated) May 17, 2026

The tit-for-tat drone hits have increasingly expanded to include civilian neighborhoods on either side of the border, sadly. The ground war has lately been largely stale-mated, with Russia having the clear edge, but the air war has been heating up - with both sides suffering serious damage, particularly at energy sites.

Tyler Durden Sun, 05/17/2026 - 15:45
Tyler Durden

Red-hot Jannik Sinner enters French Open undefeated on clay following Italian Open victory

NY Post
1 month ago
The top-ranked Sinner’s 6-4, 6-4 victory over Casper Ruud in Sunday’s final on the red clay of the Foro Italico made him only the second man after Novak Djokovic to win all nine Masters 1000 events.
Associated Press

Former Dodger Scott Erickson says he stepped on gas before crash that killed young boys

NY Post
1 month ago
Erickson testified he was traveling between 50 and 55 mph, though he admitted, under questioning that the estimate was uncertain.
Nina Joudeh

YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims

Zero Rss
1 month ago
YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims

Authored by Kimberly Hayek via The Epoch Times (emphasis ours),

YouTube, Snap, and TikTok have settled a Kentucky school district’s claims that the platforms fueled a youth mental health crisis that the school district said it was forced to manage.

The Breathitt County School District in rural eastern Kentucky still plans to take Meta Platforms, parent of Facebook and Instagram, to trial on June 15.

The agreements, detailed in federal court filings on Friday, are among the first set for trial in more than 1,200 similar lawsuits filed by school districts nationwide.

“This matter has been amicably resolved and our focus remains on building age-appropriate products and parental controls that deliver on that promise,” a YouTube spokesperson said in a statement.

Snap and TikTok did not immediately respond to a request for comment.

The district had sought more than $60 million to cover costs of countering social media’s effects on students and to fund a 15-year mental health program. It also asked the court to order changes to reduce addictive features on the platforms. Terms of the agreements were not disclosed.

More than 3,300 addiction-related lawsuits are pending in California state courts. Another 2,400 cases filed by individuals, cities, states, and school districts have been filed in the California federal court.

The companies have denied the allegations. They say they already take extensive steps to protect teens and young users.

The settlements come weeks after a landmark verdict in a related individual case.

In March, a jury found Meta and Google’s YouTube negligent and awarded $6 million to a 20-year-old woman identified in court records as K.G.M. or Kaley G.M., who argued she suffered depression, body dysmorphia, anxiety, and suicidal ideation as a result of being addicted to the social media apps.

K.G.M.’s case focused narrowly on how design and function—including features such as notifications, “infinite scroll,” and the companies’ proprietary algorithms—rather than third-party content, may have led to alleged psychological harms.

Meta and YouTube executives testified that they do not design their platforms to be addictive.

K.G.M.’s attorneys said the evidence clearly shows that leadership at both Meta and YouTube knew of the harms associated with preteen use, that young people with other co-stressors were particularly vulnerable, and that they went after that demographic anyway, introducing features such as vertical video feeds to compete with rivals such as Snapchat.

Like K.G.M.’s case, the Breathitt County School District’s agreement is one of a handful of bellwether trials expected to have a profound bearing on thousands of related, consolidated civil injury lawsuits brought by parents, children, school districts, and district attorneys.

Reuters and Beige Luciano-Adams contributed to this report.

Tyler Durden Sun, 05/17/2026 - 15:10
Tyler Durden

Sarah Jane Ramos’ bridesmaid addresses Dak Prescott dating rumors after getting cozy with NFL star

NY Post
1 month ago
Prescott and Ramos called off their planned Italy nuptials in March.
mliss1578

Sarah Jane Ramos’ bridesmaid addresses Dak Prescott dating rumors after getting cozy with NFL star

NY Post
1 month ago
Prescott and Ramos called off their planned Italy nuptials in March.
Audrey Rock

Wildly popular NYC venue announces closure amid bitter biz divorce between owners

NY Post
1 month ago
The relationship between the owners -- who became family after marrying a pair of sisters -- has since “deteriorated to the point of no return.''
Katherine Donlevy

Clay Holmes hopeful he’ll avoid surgery with Mets in injury crisis

NY Post
1 month ago
Clay Holmes knew by the time he left Friday’s game in the top of the fifth that he likely had a fractured leg, having experienced a similar injury with the Pirates in the spring of 2020.
Dan Martin

Byron Allen says ‘Comics Unleashed’ will avoid politics after taking over Trump-bashing Stephen Colbert’s slot on CBS

NY Post
1 month ago
Byron Allen said he wants the show to follow Norman Lear’s example by using comedy to bring people together, claiming his goal is to reach viewers regardless of how they vote.
Fox News

San Francisco DA Brooke Jenkins warns ‘devastating’ California court ruling will unleash crime wave

NY Post
1 month ago
The California Supreme Court decision will lead to dozens of reckless offenders being released, according to the San Francisco District Attorney.
Annie Gaus

Tom Brady makes catwalk debut in Gucci fashion show

NY Post
1 month ago
Fashion fans asked why Brady was walking like the "Tin Man" and "RoboCop."
mliss1578

Tom Brady makes catwalk debut in Gucci fashion show

NY Post
1 month ago
Fashion fans asked why Brady was walking like the "Tin Man" and "RoboCop."
Nicki Gostin

Pedro Pascal stuns Disneyland fans by dressing up as Mandalorian in surprise appearance

NY Post
1 month ago
A magical moment occurred at Disneyland recently.
Titus Wu

Suspected Islamist attack on Nigerian military school kills 17 police trainees

NY Post
1 month ago
Nigeria has been battling an Islamist insurgency in its northeast for over 18 years.
Reuters

Archaeologists baffled by mysterious ancient ‘island’ at bottom of Scottish loch

NY Post
1 month ago
The ancient structure found buried in Loch Bhogastail on the isle of Lewis is a type of structure known as a crannog and was built thousands of years ago, although scientists have no clue as to how or exactly why such platforms were built in the first place.
Jorge Fitz-Gibbon

DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings

Zero Rss
1 month ago
DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings

It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit. 

It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market one of the first major private credit signal woes of the new year; it certainly wouldn't be the last. 

The credit fund told investors that NAV fell from $8.71 as of Sept. 30 to $7.05 to $7.09, or about a 19% markdown. "This decline is primarily driven by issuer-specific developments during the quarter," the fund said.

Two months later, in early March, it went from bad to worse for Blackrock's private credit fund when the asset manager slashed the value of a private loan in its portfolio to zero just three months after assessing it at 100 cents on the dollar, marking the second sudden wipeout to recently hit its private-credit division.

The $25 million loan to Infinite Commerce Holdings, an Amazon aggregator that buys up online sellers of products from spa treatments to light bulbs, was suddenly worthless, BlackRock TCP Capital Corp reported in fourth-quarter filings released last week. The fund had marked the junior debt at 100 cents on the dollar in the third quarter. In other words, total wipeout in 3 months.

The write-off came just months after Infinite Commerce merged with another aggregator (and BlackRock debtor), Razor Group, in August, creating the new debt structure valued at par. Previously, BlackRock had valued loans to Razor at a deeply distressed level. Because financial engineering. 

As a result of these bizarre quantized "repricing events" a number of class-action lawsuits were filed on behalf of investors that claim it made “materially false” statements and that Blackrock didn’t properly value its loans.

The final step in this particular lack-of-redemption arc came n Friday when Bloomberg reported that federal prosecutors are scrutinizing valuation practices at a BlackRock's private credit fund. 

The Manhattan US Attorney’s office in recent months has been seeking information about BlackRock TCP Capital Corp., while executives of the BDC have been questioned as part of the probe.

Jay Clayton, who runs the SDNY and was previously SEC commissioner under Trump 1.0, said in November he was concerned about how firms value private assets - and that “people should know that the financial regulators and the department are looking at those.”

Blackrock's Janauary portfolio markdown was among the starkest examples of how quickly valuations can change in the $1.8 trillion private credit market. Investors in BDCs rely on the values ascribed to the loans, since there is no active market where the assets trade. Marks are therefore a key factor in determining at what price investors can enter or exit the fund, and they also impact the fees managers collect from the vehicles. 

Funds like BlackRock’s TCPC typically only report quarterly. That’s what made the January disclosure, stating a preliminary net asset value per share of between $7.05 and $7.09, so unusual.  About a month later it officially calculated the fourth-quarter figure at $7.07, sharply down from $8.71 at the end of the prior period.

BlackRock acquired TCP from Tennenbaum Capital Partners in 2018. Since its acquisition of HPS Investment Partners last year, HPS executives have come in to help manage the embattled vehicle, taking three spots on the fund’s seven-member investment committee.

In response to investor outrage over mismarked loans, private equity giant Apollo Global has stepped up efforts to provide liquidity and price transparency in the private-credit market, where assets don’t typically change hands. Two weeks ago, the firm said more than $830 billion of its credit assets will be priced daily by the end of September.

However, that sparked an angry response from other industry players such as PIMCO, whose strategist Lotfi Karoui wrote that more frequently marking assets does little to improve transparency or accuracy in the $1.8 trillion private credit market: “The debate over daily pricing in private credit portfolios has evolved from a narrow accounting question into a proposed remedy for the market’s dispersed — and often stale — valuations."

“Attempts to increase liquidity — the ability to buy or sell an asset quickly, in size, and at prices reflecting fundamental values — are welcome developments,” Karoui wrote Yet until these efforts address the market’s inherent structural constraints, including a lack of true price discovery, they will only increase the perception of liquidity without truly improving liquidity.”

Pimco, an early critic of the private credit industry, has been vocal about the risks in direct-lending markets and has taken the other side of the bet by hunting for emerging problems in private-credit-backed companies.

“Price-mark dispersion for loans held across multiple business development company portfolios has widened sharply in recent quarters,” Karoui wrote. By the end of last year, “marks for the same instrument were, on average, about five points apart,” he added. “These gaps are difficult to reconcile with the notion of arm’s-length fair value determinations for identical assets.”

And that's precisely why the DOJ is now involved.

Tyler Durden Sun, 05/17/2026 - 14:35
Tyler Durden

Kurt Kitayama makes history with final-round 63 at PGA Championship

NY Post
1 month ago
Kurt Kitayama logged himself a record round on Sunday.
Bridget Reilly

Notorious vagrant known as ‘Pee Pee Poo Poo Man’ arrested on horrifying new charges

NY Post
1 month ago
He was previously charged with flinging buckets of liquified feces at three women, a young girl and a man during a four-day rampage.
Chris Nesi

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News feeds

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  • US Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash
  • Primoris Services Crashes Again As Guidance Cut And Mgmt Missteps Spook Wall Street
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  • Israel Sets 3 Key 'Conditions' For Ending Occupation Of South Lebanon
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