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clickwidget
2 hours ago
Private credit is entering a more challenging phase as non-accruals and other signs of borrower distress rise.
The industry has enjoyed years of strong growth, supported by expanding **** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive **** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.

#accrual #borrower #distress #across
dIozOA1L2cWmPM
4 hours ago
An Alabama jury determined on Thursday, August 20 that former Alabama men's basketball player Kai Spears was defamed by The New York Times for an article that inaccurately linked him to the scene of a fatal shooting.
As part of the ruling, which came after five hours of deliberation and two weeks of testimony in the U.S. District Court for the Northern District of Alabama, Spears was awarded $9.25 million in damages.
In March 2023, the newspaper reported that Spears, a walk-on that season for the top-ranked Crimson Tide, was in the passenger seat of former Alabama star and current Charlotte Hornets forward Brandon Miller's car during the deadly shooting of Jamea Harris in Tuscaloosa. It was later revealed that the passenger in the car was a team manager, not Spears.
REQUIRED READING: SEC commissioner Greg Sankey voices objections to pro athletes returning to college
Spears filed a lawsuit against the outlet for defamation and "false light" invasion of privacy, claiming it caused him emotional distress for linking his name to a high-profile murder. The Times later issued a correction and added an editor's note following Spears' lawsuit.

#later
2251chunky7684drift
5 hours ago
The biological parents of a baby born after their surrogate refused their request for an abortion are now seeking more than $100,000 from the woman who carried their child, alleging she breached their surrogacy agreement.
TMZ reported Wednesday that it obtained the countersuit filed by Nausheen Gilkar and Omar Ahmed against surrogate McKenna West, weeks before she gave birth in Texas Aug. 12.
The couple is seeking more than $100,000 for alleged breach of their surrogacy agreement, along with unspecified damages over what they call West's "malicious, outrageous conduct."
The couple alleges they paid West $60,000 during the pregnancy under the surrogacy agreement, which included provisions addressing termination, TMZ reported. The counterclaims accuse West of breaching that deal and causing the couple emotional distress.
Surrogate Gives Birth In Texas To Baby With Heart Defect After Parents Requested Abortion

#surrogate #couple #abortion #birth
gqegudima737
7 hours ago
Private credit is entering a more challenging phase as non-accruals and other signs of borrower distress rise.
The industry has enjoyed years of strong growth, supported by expanding ***** ets under management, robust investment activity and attractive returns for investors. But the credit cycle is turning. The latest LCD data suggest that rising borrower distress is becoming a more meaningful feature of the market.
In this report, LCD examines non-accrual exposure (see Footnote 1) across the BDC market, beginning with a quick update on Q2 figures from the ten largest publicly traded BDCs, followed by a comprehensive ***** ysis of non-accrual exposure across all registered US-based BDCs over the past three years, covering 213 distinct BDCs managed by 109 managers, representing an aggregate debt portfolio of $516 billion as of Q1 2026.
Key Takeaways
Reported non-accrual debt rose to 1.9% of total debt at cost in Q1, up 52 bps from the prior quarter.

#borrower
lyn_roll_4ookie
14 hours ago
Bessent doubled Treasury's long-bond buybacks to $4B per operation, dropping the 30-year yield 10 basis points and sending silver surging 6%.
Silver outpaced gold because industrial demand from solar panels and green tech gives it higher sensitivity when yields fall and risk-on conditions emerge.
The buybacks are a rounding error against a $28T Treasury market, and the metals rally is a narrative response to fiscal concern rather than monetary easing.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The bond market has been sending distress signals for months. With public debt surpassing $40 trillion and the 30-year Treasury yield touching levels last seen in 2007, Washington has had a buyer's strike problem on its hands. Long-dated debt kept cheapening as investors demanded more compensation for holding it, and that selloff was starting to ripple into everything from mortgage rates to gold.

#bond #buybacks #yield
chunky27
17 hours ago
Bayern Munich's Alphonso Davies said he was distressed by his team-mate and friend Jamal Musiala collapsing in two recent friendlies, but hopes the German champions can help rally their playmaker.
Germany's Musiala, 23, has been diagnosed with absence seizures, which are brief losses of consciousness, after slumping to the turf in friendlies against RB Leipzig on Saturday and Heidenheim on Tuesday.
Doctors say they will not prevent him playing at the top level, but whether he will feature in the Franz Beckenbauer Super Cup at Borussia Dortmund on Saturday remains to be seen.
"It was heartbreaking to see Jamal like that on the pitch. But anyone who knows Jamal knows he will come back stronger," Canada's Davies told reporters at the launch of Bayern's tie-up with the NHL on Thursday.
"Of course we want to support him, not only as a player but also as a person. The doctors are trying their best to get him through this situation. We want to give him a lot of positive energy and help him fight through it."

#musiala #friendlies #want
yer34w1ll88mion2
2 days ago
Authorities were called in response to Blueface's Kick stream on Wednesday, hours after he playfully kicked his pregnant girlfriend Nevaeh Akira into a pool.
After Blueface did the same to his son, the rapper can be heard telling Nevaeh, "I barely even kicked you," to which she responded, "You kicked me?"
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
His actions did not seem to damper the mood in the pool and his partner Nevaeh did not appear distressed as they continued to play.
After Blueface and Nevaeh took a shower together on stream, the two received massages and that's when the police arrived at his residence.

#nevaeh #pool
18moody
3 days ago
On August 7, Wendy's (NASDAQ:WEN) held its second-quarter earnings call under new President and CEO Robert Wright, a Wendy's veteran of 28 years who most recently ran Potbelly, joined by new CFO Steven Cirulis. Global systemwide sales fell 6.5%, and the company pulled its full-year outlook entirely. Wright did not soften the message: traffic is down, value has slipped, and franchisee economics are strained.
Not everything in the quarter was bleak. US company-operated restaurants outperformed the broader system by 280 basis points, and customer satisfaction scores in the US improved even as traffic fell. Wendy's also kept building, opening 21 new US restaurants and 27 internationally, with systemwide sales abroad still growing 3.4%. Strip out a soft Canadian market, and international same-restaurant sales were actually positive, with sales up 8.6%.
Wright laid out five strategic priorities going forward: rebuilding the menu around quality and value, sharpening marketing around a consistent brand narrative, tightening restaurant operations, improving the digital and loyalty experience, and getting back to unit growth. He promised a full strategic plan by the next quarterly update and framed the dividend cut as a deliberate move to free up capital for that turnaround rather than a sign of distress.
The core problem is that customers are visiting less often. US same-restaurant sales dropped 7.0%, driven by a 12.5% decline in traffic that a 5.6% jump in average check could not offset. Wright pointed to eroding food quality, an increasingly complex and less compelling Biggie value platform, and inconsistent drive-thru execution as root causes. Commodity costs rose about 9% in the quarter, including continued beef inflation, while labor costs climbed roughly 4%, squeezing US company-operated restaurant margin down to 13.8%. Adjusted EBITDA fell to $124.1 million, down $22.5 million from a year earlier, and adjusted EPS came in at just $0.18. The company also closed 289 US restaurants in the first half of the year.
Management does not expect systemwide sales to return to growth in either the third or fourth quarter, and it cut the quarterly dividend to $0.07 per share while pausing share buybacks for 2026 to preserve cash. Net leverage stood at 5.0 times, and roughly $430 million of debt maturing in 2028 will need refinancing in the coming months.

#quarter #systemwide #TRAFFIC #down
pickleepxs
3 days ago
Russell Westbrook, one of the NBA's biggest style icons and a catalyst for transforming the pregame tunnel into a fixture of the modern NBA, has retired.
Why not? That's the mantra that Russell Westbrook lived by in all aspects of his NBA career. When you saw him lift off for what seems like an improbable dunk or drive to the paint through a sea of defenders, why not? When he walked the pregame tunnel in a cream poncho with brown stripes and a pork pie hat that looks like he stole it from Walter White's closet, why not?
"It's how I live my life. It's how I operate. Whenever there's any type of indecision, I have an easy answer, and it's just strictly, 'Why not?'" Westbrook told Complex in a 2023 interview. "If I'm getting dressed, or designing, or trying to create pieces, and I don't love it right away, I'll just be like, ' f**k it. Why not? Let's just do it.'"
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
When Westbrook's career started back in 2008, the late David Stern's strict NBA dress code was still in place. Players were required to wear suits to games, a decree largely believed to be brought about to curb another fashion icon, Allen Iverson, from wearing 4XL throwback jerseys and baggy sweatsuits. For the first four years, Westbrook stuck to the dress code. His biggest "risk" was a cardigan with gray stripes. But by 2012, he was finding his lane. He wasn't quiet in his "distressed band T-shirt and construction vests" era yet, but he was experimenting more. During the 2012 NBA Finals between the OKC Thunder and Miami Heat, he rocked a white Lacoste polo covered in colorful fishing lures and lensless red glasses. A year later, at All-Star Weekend, he spruced up a brown blazer and a gray/black striped tie with duck camo pants and a yellow belt to go with his "Tokyo" Air Jordan 5s. It barely matched, but it followed the dress code guidelines and stood out, especially since the rest of the league was still rocking more GQ-friendly fits of tailored suits and slim-fitting sweaters over ******* on-ups.

#like #dress #biggest #tunnel
333hypemadly
4 days ago
Bayern Munich executive Max Eberl has confirmed that Jamal Musiala is recovering well following a frightening collapse on Saturday. The German international was at the center of alarming scenes during Bayern's Telekom Cup clash with RB Leipzig when he fell to the ground in the closing stages of the 3-1 victory.
Reports indicate that the sweltering heat in Bavaria was a contributing factor in the distressing moment for the 23-year-old, who was able to walk off the field following treatment. The incident unfolded in the final stages of the match, when Musiala began to stagger with no opposing players near him.
Ismael Saibari was among the first players to reach him before his Bayern teammates and medical personnel rushed to Musiala's aid. BILD reported that the midfielder suffered dizziness while competing in temperatures of around 33 degrees, resulting in circulation issues.
Kylian Mbappe drops World Cup truth bomb after absurd third-place loss to England
Enzo Maresca provides Savinho update as Manchester City star linked with Tottenham move

#bayern #following #eberl #jamal
dusty4567
9 days ago
Egypt Sherrod and Mike Jackson asked fans to report a Facebook account they say is spreading harmful false stories about them
The couple claim the account is causing them distress by fabricating stories, including one about Sherrod having cancer
They warned the account uses AI to make posts appear real and called the fake content dangerous and malicious
Egypt Sherrod and Mike Jackson are calling on their fans for help to take down what they say is a fraudulent social media account.
The former Married to Real Estate stars took to Instagram to explain the situation and detail the "damage" it's causing after false stories about them have been circulating on the internet.

#sherrod #jackson #real #false
4b8l5wdvpnijhcm
11 days ago
Celebrity blogger Perez Hilton remains hospitalized after a mental health crisis that unfolded during a livestream last week, with his family revealing that he suffered significant blood loss and faces a lengthy recovery.
In a new statement shared on PerezHilton.com, Hilton's loved ones said his condition is "serious but stable" but confirmed he sustained injuries that will require surgery in the coming days.
Hilton's loved ones said his condition is "serious but stable" (Getty Images)
The latest update comes several days after authorities responded to Hilton's Miami-area home following reports from viewers who witnessed a distressing livestream.
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#loved
cidlz1ef7azf3d
11 days ago
NEW YORK (AP) — Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver's seat gets so hot that it literally brands them and causes burns.
Gabriel Lahijani and Karendeep "Karina" Bath allege the front seats of certain Mercedes AMG vehicles have a design defect where the raised metallic AMG logo is "reasonably expected to contact an occupant's upper back, neck, or shoulder," according to the court document filed earlier this week in the U.S. District Court of California's Western division.
The plaintiffs want Mercedes to compensate them for any medical expenses, as well as any pain, suffering and emotional distress they can prove at trial. They also want Mercedes to pay for other owners to have the logo removed from their cars.
Mercedes-Benz couldn't be reached immediately for comment.
Lahigani, a Los Angeles resident, had leased a new 2026 Mercedes-AMG E-Class vehicle from an authorized Mercedes-Benz dealership in Los Angeles, according to the suit. He reported receiving second-degree burns on his back on May 31, after entering his vehicle wearing a tank top. A board-certified dermatologist subsequently documented first- and second-degree burns, describing the injury as "AMG inscribed."

#class
grumpy4815
15 days ago
A coat owned by French actress, model and animal rights activist Brigitte Bardot is to be auctioned to raise money for a dog rescue charity.
Bardot, who died in December, aged 91, rose to fame during her teen modelling career, later becoming a famous actress starring in the film 'And God Created Woman'. She turned her attention to supporting animal charities in her retirement.
Now, a sleeveless velvet coat she owned will be sold at The Cotswold Auction Company in Cheltenham to raise money for the Dogs in Distress charity.
Senior valuer Jenny Low said: "This is a once-in-a-lifetime opportunity to own an item of clothing designed for and worn by screen icon Brigitte Bardot."
Deprived area pupils face high obesity rates

#brigitte #owned #actress
a2NqegKQ
15 days ago
The family of Perez Hilton has released a statement following the blogger's apparent self-harm in a TikTok livestream video.
Hilton, real name Mario Armando Lavandeira Jr, is currently receiving medical care in hospital after what authorities believe was a suicide attempt.
His family and management team posted this announcement to his gossip website: "Many of you have reached out with concern for Perez, and we are incredibly grateful for the overwhelming outpouring of love, support, and prayers," the statement reads.
"We can confirm that Perez is receiving medical care, and our family's focus right now is on his well-being. We kindly ask that you respect Perez's privacy, as well as the privacy of his family, during this difficult time.
"If and when we are able to share any updates, we will do so with everyone as soon as we can. Thank you for your compassion, understanding, and continued support. The Perez Hilton Team and Family."
Hilton is dad to Mario, 13, Mia, 11 and Mayte, eight. He was alone in the house during the distress-filled livestream, in which he said that he was "doing this for my kids".

#perez #statement #livestream
5socket
15 days ago
Ireland Baldwin, the daughter of Kim Basinger and Alec Baldwin, has wished Perez Hilton a speedy recovery, despite years of being bullied by the blogger.
"Perez Hilton has [publicly] humiliated my family for years, ******* ualized me from a young age, commented on my weight and body (as a child), made unforgivable comments about people in my family, drew [expletive] coming out of my mom's and friend's mouths, and has always been a despicable human being," Ireland, 30, shared via her Instagram Stories on Wednesday, August 5. "But his children deserve better and a healthy father and I am so sad for all of them. I hope he gets the help he needs and heals."
The model's words were shared hours after Hilton, 48, was rushed to the hospital after Miami-Dade County Police received numerous calls about his distressing livestream.
Hilton was seen on TikTok Live on August 4 covered in what appeared to be blood. He was wielding a butcher knife and harming himself.
Ireland Baldwin/Instagram

#baldwin #perez #Instagram #family
mucowe_du_h
16 days ago
Warning: This article contains a distressing image
A man who suffered third-degree burns from hot sand after using a disposable barbecue on a beach has warned others to be aware of the dangers.
Sam Knight had been using it on Cefn Sidan Beach, Carmarthenshire, with his family and stepped on sand that was still hot.
The 27-year-old had to be carried off the beach after suffering badly blistered feet and needed weeks of treatment.
Experts at a burns centre say injuries such as this are becoming increasingly common and warned beachgoers to take precautions.

#burns #sand #warned #cefn
51327blink2818
16 days ago
Celebrity blogger Perez Hilton has been hospitalized after posting a distressing livestream video to TikTok.
The video prompted authorities to attend Hilton's home in Miami amid concerns he was "livestreaming acts of self-harm on social media." Hilton's TikTok account has since been suspended.
Miami-Dade police did not name the celebrity but said they received multiple calls from fans and attended the scene, where they spoke with members of Hilton's family outside and "tactically disengaged."
"In many incidents involving a person experiencing a mental health crisis or actively harming themselves, deputies prioritize deescalation by creating time, distance, and opportunities for communication," the Miami-Dade sheriff's office said in a statement issued to the media.
"Unless there is an immediate threat to others, slowing the situation and utilizing crisis intervention techniques can reduce the likelihood of a suicide-by-cop encounter and minimize the risk of injury to the individual, deputies and the public."

#dade #Media #crisis #deputies
qdapirope04
16 days ago
Police have been called to Perez Hilton's Miami home after he shared what appeared to be a self-harm video to TikTok.
Miami-Dade County Sheriff's Office confirmed on Tuesday night that they had received "multiple calls" of "an individual livestreaming acts of self-harm on social media" and dispatched deputies to investigate.
Officers spoke with Hilton's family members who were on the scene and ultimately decided to "tactfully disengage" while continuing to "monitor the situation" after confirming the celebrity blogger was alone inside.
"In many incidents involving a person experiencing a mental health crisis or actively harming themselves, deputies prioritise de-escalation by creating time, distance and opportunities for communication," the Sheriff's Office shared in a statement to Page Six.
"Unless there is an immediate threat to others, slowing the situation and utilising crisis intervention techniques can reduce the likelihood of a suicide-by-cop encounter and minimise the risk of injury to the individual, deputies and the public," the statement continued.
Hilton had reportedly appeared on the livestream naked, bloodied and distressed. The video was reportedly available on TikTok for around 30 minutes before it was taken down, and his account has since been suspended.

#harm
pfpgmsturrvtbk
16 days ago
Miami authorities on Aug. 4 responded to the home of Perez Hilton after multiple reports alleged the podcaster was seen harming himself on a TikTok livestream.
A disturbing but unverified video circulating online appears to show the celebrity blogger, 48, nude and covered in what seems to be blood while exhibiting signs of distress and holding a sharp item.
The Miami-Dade Sheriff's Office confirmed that authorities responded to several calls about a person who was live streaming acts of self-harm on social media. Deputies arrived at Hilton's home and spoke to family members on scene to confirm he was alone inside, police said Aug 4.
Law enforcement authorities have tactically disengaged at this time "while continuing to monitor the situation and providing the needed support to his family," the sheriff's office told USA TODAY.
"In many incidents involving a person experiencing a mental health crisis or actively harming themselves, deputies prioritize de-escalation by creating time, distance, and opportunities for communication," the sheriff's statement reads.

#home
asz_socket_5_0902
17 days ago
Brenda ******* son is facing another legal challenge after a man asked a court for a civil harassment restraining order against the former soap opera actress. The request comes after ******* son's arrest for misdemeanor battery in July. At this point, the judge did not approve the temporary request, court records indicate. A hearing will now determine whether the order should move forward.
According to court documents obtained by TMZ, Richard Chamberlin filed a request for a civil harassment restraining order against ******* son on Monday. Chamberlin alleges ******* son hit his daughter, Isabella, in the face and chest during a July 8 incident. He also says she ******* ped Isabella with trash bags, made threats, and verbally harassed several people. Those allegations have not been proven in court.
In the filing, Chamberlin claims to be a property maintenance worker and a renter in the building where ******* son lives. He requested that the court extend the protection to him, Isabella, and another tenant. Chamberlin also says that ******* son has stalked and verbally harassed them for the last two months. He requested that ******* son remain at least five yards away from all of them, including his dog.
The judge, after reading the filing, refused to grant a temporary restraining order. The court said the documents did not adequately demonstrate that ******* son had engaged in any violence, threatened to use violence or caused any significant emotional distress. The court scheduled a hearing for Aug. 24 to consider the request. The judge has not ruled on the merits of Chamberlin's allegations.
The filing follows ******* son's arrest in July on suspicion of misdemeanor battery. The actress was arrested and, the same day, was released on her own recognizance. ******* son is best known for playing Jill Foster Abbott on the long-running soap opera The Young and the Restless. She has not publicly responded to the latest restraining order request at the time of reporting.

#order #july #isabella #judge
jcyob
17 days ago
Interested in Strategy Inc? Here are five stocks we like better.
Strategy Inc reported an $8.22 billion second-quarter net loss, driven mainly by an $8.32 billion noncash accounting charge tied to Bitcoin's price decline under new fair-value rules.
Management sold roughly 3,588 Bitcoin at a loss to fund preferred dividends and generate an estimated $59 million tax **** et, reflecting a tactical rather than distressed sale.
Strategy is working to stabilize its STRC preferred stock and expanded its cash reserve to $3.75 billion, reinforcing liquidity to protect its Bitcoin accumulation strategy.
Strategy Inc (NASDAQ: MSTR) recently reported a heavy $8.22 billion second-quarter net loss, translating to a stark negative earnings per share of $24.45.

#strategy #Bitcoin #reported #preferred
342slowly
17 days ago
Hedge fund giant Citadel on Thursday purchased a distressed portion of AI protege hedge fund Situational Awareness. The move sent a bullish shock through the U.S. stock market and was broadly credited with triggering Friday's positive market action. Situational Awareness, run by former OpenAI employee Leopold Aschenbrenner, had swelled to more than $20 billion in ***** ets in the two years since its founding.
That ramp up required heavy leverage, funded by banks. And as artificial intelligence-related stocks came under recent pressure, Situational Awareness could not keep up with margin calls forcing it to raise cash. Reuters reported that the California-based fund lost 67% of its value in July, after selling $16 billion of its public portfolio.
Citadel founder and fund manager Ken Griffin has made a long-term strategy of digging diamonds out of ash. Citadel made similarly aggressive moves during Enron's bankruptcy in 2001, during the meltdown of hedge fund Sowood Capital as the Great Recession took hold in 2007, and in propping up hedge fund Melvin Capital in 2021 as meme stock investors piled in against the firm's short bet on GameStop (GME).
"During market stress, the collective judgment of our business leaders, risk managers and portfolio managers enables us to capitalize on market opportunities when others, who depend on simplistic stop-loss approaches, cannot," Griffin wrote in a 2023 letter, as reported by Reuters.

#market
yownodizupaykumuho2
19 days ago
Hedge fund giant Citadel on Thursday purchased a distressed portion of AI protege hedge fund Situational Awareness. The move sent a bullish shock through the U.S. stock market and was broadly credited with triggering Friday's positive market action. Situational Awareness, run by former OpenAI employee Leopold Aschenbrenner, had swelled to more than $20 billion in **** ets in the two years since its founding.
That ramp up required heavy leverage, funded by banks. And as artificial intelligence-related stocks came under recent pressure, Situational Awareness could not keep up with margin calls forcing it to raise cash. Reuters reported that the California-based fund lost 67% of its value in July, after selling $16 billion of its public portfolio.
Citadel founder and fund manager Ken Griffin has made a long-term strategy of digging diamonds out of ash. Citadel made similarly aggressive moves during Enron's bankruptcy in 2001, during the meltdown of hedge fund Sowood Capital as the Great Recession took hold in 2007, and in propping up hedge fund Melvin Capital in 2021 as meme stock investors piled in against the firm's short bet on GameStop (GME).
"During market stress, the collective judgment of our business leaders, risk managers and portfolio managers enables us to capitalize on market opportunities when others, who depend on simplistic stop-loss approaches, cannot," Griffin wrote in a 2023 letter, as reported by Reuters.

#awareness
vhzzn3n7jjar
21 days ago
North Carolina football opens fall training camp Thursday as the Tar Heels begin preparations for the 2026 season under head coach Bill Belichick.
The start of camp also comes as UNC navigates an off-field issue involving general manager Michael Lombardi. The school announced Monday that
Lombardi had been placed on leave but didn't provide a reason, noting that employees and athletes aren't permitted to address the topic "as is standard procedure with personnel matters."
University leaders said their focus remains on the football program and its student-athletes as an investigation involving the program's general manager continues.
"I'm disappointed that we're talking about this," Chancellor Lee Roberts said. "We should be focusing on our student athletes and on their success on the field ... so it's distressing to me and everyone else in the administration entrusted with leadership at this remarkable university, that this is something that we have to have to spend time on."

#athletes #lombardi #general #manager
roLlHypEr2305
22 days ago
Saltburn Cricket Club have suspended a player, humorously called "Clicky Ponting", after he was accused of cheating during a local league match by clicking his fingers to make it sound like the batter had edged the ball.

The incident, which happened during Saltburn's second XI win over Norton, went viral on social media after video footage appeared to show the fielder making the sound just before the wicketkeeper completed the catch.

The umpire gave the batter out, sparking widespread criticism online.
Responding to the controversy, Saltburn Cricket Club, an English outfit, said they were taking the allegations seriously and had suspended the player while an investigation is underway.

In a statement, the club said, "We are treating this allegation with the utmost seriousness and, as a family-centric club, we are fully cooperating with the NYS League's investigation."
The statement added, "The player at the centre of the complaint has been suspended and will not play again for the club this season or in the foreseeable future, pending the outcome of this investigation."

Saltburn have also withdrawn from their second-team cup match against Marton as the investigation continues. Club officials have already spoken with league representatives and said the situation has been difficult for everyone involved.

They added, "This has been a very distressing and stressful experience for all those concerned, and we would ask that this reality is borne in mind and that personal boundaries are respected, as we are an amateur club entirely run by volunteers."

The viral clip has now been viewed more than 7.5 million times on X, with several well-known figures criticising the alleged act.

#match
dust9
22 days ago
Distressed investors are, by their nature, optimists. They must be, since they see bargains and opportunities where other investors fear to tread. True to form, recent conversations with a number of distressed players reveal a significant distressed opportunity set in the back half of 2026 in the face of a roaring US equity bull market and a vibrant US economy.
Beginning on a positive note, "the US economy is doing well and isn't likely to turn south in the next six to 12 months," says Jeremy Burton, managing director and portfolio manager at PineBridge Investments. Even the rise of oil prices isn't of great concern for Burton, as he believes that the hit to consumers from rising oil prices in one region of the country will be offset by a healthy oil-and-gas-based economy in another region. As a result, the opportunities are more sector-specific, he believes.
Concurring with Burton's relatively sunny view are Morgan Stanley strategists Vishwas Patka and Joyce Jiang, who, in a recent piece covering their mid-year outlook, said "capex growth and a resilient consumer support a stable macro environment with strong earnings, while attractive yields anchor robust [debt] demand." This bodes well for business growth and equity generally, the pair said.
That health is reflected in the numbers. PitchBook LCD reported on July 1 that the trailing 12-month default rate for the Morningstar LSTA US Leveraged Loan index was only 0.97% by dollar amount and 1.34% by issuer count. The default rate by count, including Liability Management Exercises (LMEs), was 2.77%.
But danger in the leveraged loan index lurks. The index's distress ratio by amount (defined as the share of loans trading below 80 cents on the dollar) rose 34 bps in June, to 6.87%. In fact, the distress ratio has trended higher over the past nine months after plumbing a near-term low of 2.59% in September 2025. The peak for 2026 is 7.23% in March, which was the result of six consecutive monthly increases and marked the highest level since the distress ratio hit 7.36% in December 2022, in the midst of a series of US fed funds rate hikes by the FOMC. Roughly 45% of the debt trading under 80 is in software-related sectors.

#distressed #ratio #leveraged
mirrory
23 days ago
A nine-year-old boy who "loved life and nature" was killed by his "unconventional, doting" mother who then took her own life, a coroner has concluded.
Hudson Paterson, nine, and Tasmin Paterson, 31, were found dead by her partner in a bedroom in a bungalow at Fletchersbridge, near Bodmin, Cornwall, in September 2024, an inquest heard.
Senior coroner for Cornwall Andrew ******* said Ms Paterson had argued with Marcus Hughes and had gone to bed "distressed" with the thought the relationship was coming to an end.
Cox concluded Hudson's cause of death was unlawful killing and, for Ms Paterson's death, recorded a verdict of suicide.
Hughes said the couple had been sleeping in separate rooms and when he went to wake them, he grew concerned as there was no response, so he called 999 and forced entry.

#paterson
hxespusltgfpenev
27 days ago
People rarely go broke overnight. It usually happens gradually, as a string of financial decisions that each seemed fine on their own pile up until they can't be ignored anymore. Even high earners aren't immune.
A Harris Poll in November 2025 found that a third of Americans earning $100,000 or more describe themselves as financially distressed, and 64% now consider a six-figure income "survival mode" rather than a sign of wealth. Three-quarters had used a credit card recently because they'd run out of cash, and more than half said they'd need to double their income just to feel secure.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

#income
gilolulhurolma2
27 days ago
We can separate high-yield dividend stocks into two broad categories. The first group consists of companies with stable businesses that generate consistent cash flow and are very likely to continue paying -- and perhaps raising -- their dividends for the foreseeable future. The second are distressed corporations. They boast high yields because their share prices have fallen substantially, reflecting weak business fundamentals.
Many investors would put Pfizer (NYSE: PFE) in the second group. The drugmaker's shares have lost significant value over the past five years, as the company has failed to sustain the amazing success it achieved in the coronavirus market. However, there is much more to the story. Let's discuss why Pfizer's 7% forward yield is more sustainable than it appears at first glance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Pfizer's revenue and earnings have declined over the past five years, while it has maintained and even increased its dividend. The company's payout ratio has soared as a result -- it is currently about 127%. That looks unsustainable. But Pfizer's cash payout ratio, a much better measure of whether the company can maintain its dividend program intact, looks less scary at 107.7%. Management is confident of the company's ability to sustain, and even increase, the payout moving forward. That isn't just wishful thinking: Pfizer could improve its business in the coming years and eventually post much stronger financial results.
Consider that Pfizer boasts highly promising programs in the pipeline that will yield brand-new approvals and label expansions. For instance, the company's Padcev is a cancer medicine that is currently one of its better-performing products. On July 10, Padcev earned approval for the treatment of muscle-invasive bladder cancer in combination with Merck's (NYSE: MRK) Keytruda. Padcev was granted the green light regardless of whether patients are eligible for Cisplatin, a chemotherapy drug for bladder cancer that is effective but comes with significant side effects. That's a big deal since many drugs for bladder cancer (including Padcev, initially) aren't approved regardless of Cisplatin eligibility.

#NVIDIA #yield #first

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