Credit woes are souring Americans on the economy and could be a drag on President Joe Biden's reelection bid.
From Russia to Carvana, investors have found new bets on distress.
Oaktree Capital Group co-founder Howard Marks says U.S. inflation has likely peaked.
The fund sees airlines grappling with staffing shortages and high fuel costs after a costly pandemic.
Marks said that the excesses of the bull market are being corrected.
he fund will provide financing to borrowers shut out of traditional debt markets.
The impact of a default could ripple across pension funds, endowments and foundations.
The upper-crust Buckhead's deannexation would have been a blow to the city's finances.
Supply chain crises plunged new companies into chaos this year.
The Fed's efforts to flood the financial system with liquidity have made distressed-debt situations hard to find.