Stocks rose on Wednesday after President Donald Trump spoke about an attack by Iran at an Iraqi airbase that hosts American troops which led to a massive sell-off in overnight trading. President Trump said Iran appeared to be “standing down” after they attacked the Al Asad airbase. But the U. S. President added the U.S. […]
The Wall Street Journal reports that distressed-asset hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end. This is a sign of the pressure that investors in distressed assets are facing.