JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

Key Points

JPMorgan-led lenders cut FS KKR Capital’s credit facility by roughly $648 million, or 14%, while raising borrowing costs.
FS KKR reported deepening losses and announced a $300 million support package from KKR for the troubled BDC days after the credit-line amendment.
The fund, known by its ticker FSK, reported roughly $560 million in first-quarter losses as non-accrual loans climbed to 8.1%.

Source

Finance

Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’

May 11, 2026

Key Points Michael Burry said investors should “reject greed” as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher. “An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely,” Burry wrote. Source

Finance

Stocks making the biggest moves premarket: Moderna, Lumentum, Intel, monday.com & more

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Check out the companies making the biggest moves premarket: Moderna — The biotechnology company was up almost 9% after a U.S. citizen tested positive for the hantavirus. Another American had symptoms for the virus, but had yet to test positive, the Associated Press reported . Moderna last week announced that it was in the early-stage […]

Finance

How much further does this Teflon market have to go? Here’s what traders say

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