SaaSpocalypse. Credit defaults. The war in Iran. A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off a scramble by some investors to withdraw money from the industry’s giants. In recent weeks, funds managed by firms such as Apollo Global Management Inc., BlackRock Inc. and Ares Management Corp. have faced unprecedented requests for redemptions — and, in many cases, have exercised their right to block investors from getting all their money out.

Kalshi Inc. has secured a license allowing it to offer margin trading to users, a feature that would make the prediction market platform more appealing to sophisticated institutional investors.

The Securities and Exchange Commission sued a college student from Tulsa, Okla., alleging he raised $7.8 million through two investment funds using false promises, then transferred nearly $7 million to his personal accounts.

A Democratic senator has asked the US Commerce Department for information about how it is addressing “potential national security concerns” created by a Chinese Bitcoin mining manufacturer, following a Bloomberg News report in November that the company has been the focus of a federal investigation.

Intercontinental Exchange Inc., the owner of the New York Stock Exchange, has invested another $600 million in Polymarket, completing its plan to build a stake in the prediction markets platform.

When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection.

Bank of America Corp. agreed to pay $72.5 million to settle a lawsuit on behalf of Jeffrey Epstein victims claiming the bank aided in the late financier’s sex-trafficking.

Beijing launched a sweeping investigation into US efforts to block imports of Chinese clean technology on Friday. China’s Ministry of Commerce announced the probe into “trade barriers on green products” alongside a separate trade investigation in the lead-up to an expected visit to Beijing by President Donald Trump in May.

KPMG UK has told nearly 600 staffers in its audit business that their jobs are at risk, according to people familiar with the matter.

Argentina scored a major victory as a US appeals court reversed a ruling ordering it to pay $16.1 billion over the seizure more than a decade ago of state-run oil company YPF SA.

Elon Musk took to his social media network to attack the judge in the trial he lost last week when a jury found the billionaire defrauded Twitter Inc. shareholders before acquiring the platform in 2022.

Eagle Pharmaceuticals Inc. has agreed to pay investors $9.5 million to settle class claims that it “stuffed” its drug distribution channels to boost its reported revenue, according to a court filing.

A pro-Iran hacking group claimed to breach FBI Director Kash Patel’s personal email inbox and posted some of the contents online.

Google LLC will allow account holders to opt-out of the use of their personal data in real-time-bidding auctions for targeted advertising under a class-action settlement that received final approval by a federal court.

Harriet Carter Gifts Inc. and its marketing-services provider NaviStone Inc. escaped a proposed class action alleging they collected and disclosed the personal information of website visitors in violation of the Pennsylvania wiretapping statute.

The European Commission was hit by a cyberattack that may have resulted in the theft of internal data, months after another incident potentially exposed some staff details.

The FBI’s seizure of 2020 voting records in Fulton County, Ga., relied on an insufficient affidavit that rehashed previously investigated and disproven election fraud claims, a witness for the county told a federal judge in Atlanta.

Continuing-education provider Continued.com LLC must face a proposed class action alleging it disclosed the video-viewing habits of its subscribers to Meta Platforms Inc. in violation of the Video Privacy Protection Act.

The ACLU’s Cecillia Wang is set to challenge the Trump administration next month in a case that could reshape the scope of birthright citizenship in the United States.

The US Constitution’s text, history, and tradition support the Trump administration’s position that birthright citizenship doesn’t apply to the children of immigrants who entered the US illegally.

Texas Attorney General Ken Paxton promised to “act more like Ted Cruz” if he is elected to the Senate as he laid into Sen. John Cornyn (R-Texas), his opponent in a May runoff.

A federal appeals court undid nearly $6.5 million in damages previously granted to a medical malpractice plaintiff on Friday.

Bank of America Corp. agreed to pay $72.5 million to settle a lawsuit on behalf of Jeffrey Epstein victims claiming the bank aided in the late financier’s sex-trafficking.