Winners and losers from Trump's new 15% global tariff 4. Amid so much uncertainty, investors are understandably going on the defensive. Private Credit Jitters* Private credit fears - justified or not? Shares in private credit giants Apollo and KKR slumped 5% and 9% on Monday, respectively. UBS analysts estimate that, in a worst-case scenario, private credit defaults could rise 8% over the next year.

Source: Forbes February 23, 2026 22:08 UTC