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David Littleproud resigns as Nationals leader

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David Littleproud resigns as Nationals leader

David Littleproud has announced his resignation as leader of The Nationals Party of Australia, saying he no longer has the energy to do the job.

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Buc-ee’s earns ‘F’ grade from Better Business Bureau for ignoring complaints

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Buc-ee's earns 'F' grade from Better Business Bureau for ignoring complaints

It touts the cleanest restrooms in America and a brisket sandwich that built a cult following, but Buc-ee’s received the worst possible grade from the Better Business Bureau (BBB).

The BBB recently gave the Texas-based convenience store brand an “F” rating, citing a failure to respond to nearly 90 complaints filed against the business. The BBB assigns a rating between A+ and F, and although customer reviews do not impact the final grade, the company’s interaction and responsiveness to complaints are considered.

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According to the BBB’s website, many recent complaints cite overpriced items, various product issues, poor or rude customer service, and the inability to return certain items.

BUC-EE’S PLANS TO OPEN THE WORLD’S LARGEST CONVENIENCE STORE

“Bought the chicken, bacon, avocado ranch wrap, it was so disgusting that I had to throw it out the window,” a complaint from Feb. 4 to the BBB reads. “There was no bacon, or ranch, and only a few pieces of chicken… [asked] my husband if he wanted some and he tried it too, and said it was the worst thing he’s ever ate. It tasted like the most flavorless mush, and on top of it it was $9.49.”

Buc-ee's customers get brisket sandwiches

Visitors shop for brisket sandwiches at the first Buc-ee’s to open in Virginia on July 2, 2025. (Getty Images)

“Buc-cee’s has TERRIBLE customer service,” a January complaint says, referencing a lost or stolen gift card. “They have no phone number for you to call, only email. I have filled out their form with all of the information multiple times and have yet to hear back from them. I just want my gift card that I paid for and want them to treat their customers better.”

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Buc-ee’s did not immediately respond to Fox News Digital’s request for comment.

Despite the recent failing grade, Buc-ee’s has not dampened its expansion momentum. The company currently has 54 U.S. locations across 11 states, with plans to expand into Ohio, Arizona, Arkansas, Kansas, Louisiana, Nebraska, North Carolina and Wisconsin.

Buc-ee’s large-format stores span tens of thousands of square feet, featuring 120 gas pumps on average and 700 to 1,000 parking spaces. Signature items like Beaver Nuggets and “fresh brisket on the board” have become regular road trip staples.

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The company ranked No. 5 in the 2025 American Customer Satisfaction Index for convenience stores, beating out major brands like Shell and ExxonMobil. In late 2025, Buc-ee’s earned America’s No. 1 quick-service restaurant spot in dunnhumby rankings, outperforming fast-food giants like In-N-Out and Chick-fil-A for customer preference.

The chain has also gained notoriety for its transparency in wages – starting pay can range from $16 to $20 per hour and full-time managers may earn $100,000 to $225,000, according to large hiring signs often posted at store entrances. Employee benefits include 401(k) plans with 100% company matching and three weeks of paid time off.

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Mezcla raises $9.5 million

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Mezcla raises $9.5 million

Startup using funding to accelerate its differentiation in the protein bar aisle.

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Cardiff medtech firm IQ Endoscopes boosted with new equity investment round

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Cardiff medtech firm IQ Endoscopes boosted with new equity investment round

The latest round has been led by growth capital investor BGF

The clinical team at IQ Endoscopes.

Cardiff-based medical devices firms IQ Endoscopes has been boosted with a multi-million-pound new equity round to support its commercialisation drive.

The company is developing a single‑use gastrointestinal endoscopy platform designed to improve patient access to endoscopy and help healthcare providers respond to growing demand.

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Its latest round of funding led by BGF, which has also seen follow on investment by the Development Bank of Wales, will be used to support IQ Endoscopes’ early commercial rollout in selected UK centres, strengthen manufacturing and supply chain capability, and build a robust commercial pipeline, as the company prepares for future scale‑up in the UK and overseas. The investment will also support further regulatory work and market validation in the US.

READ MORE: Former psychiatric hospital site in Carmarthenshire transformed into health and wellbeing campusREAD MORE: Wales falls in influential index on gender equality in the workplace

Existing reusable endoscopes create significant time burden and carbon emissions due to complex decontamination and transport processes, contributing to hospital capacity constraints and workflow inefficiencies. IQ Endoscope provides sustainable alternative designed to do the opposite, freeing up beds and physician capacity.

Since being established it has secured key regulatory approvals and commenced production. The company has identified its first customers, received initial orders and is now preparing for early commercial use of its platform. The business currently employs 20.

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The exact value of its latest funding round has not been disclosed.

Matt Ginn, IQ Endoscopes chief executive, said: “This investment is a significant step forward as we move into the next phase of our growth. It allows us to begin early commercial rollout in the UK, strengthen our operational foundations and build momentum for future expansion.

“Support from BGF and the Development Bank of Wales has been instrumental in helping us reach this point, and we’re excited to continue to work closely alongside them as we bring our technology into real‑world clinical use.”

Maggy Lau, investor at BGF said: “IQ Endoscopes is addressing a clear challenge facing healthcare systems, with a product that has the potential to make a lasting, positive impact. We’re pleased to continue to support Matt and the team as the business moves into this exciting next stage of growth.”

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Tom Davies, investment executive with the Development Bank of Wales said: “We’re proud to continue supporting IQ Endoscopes as it enters its next growth phase. The team’s progress in manufacturing and early clinical use is impressive, and this investment will help accelerate adoption of a technology that could enhance patient access and strengthen endoscopy services across the NHS and beyond.”

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Shipley names new senior executives

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Shipley names new senior executives

Company fills COO, CDO and CFO roles.

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Motilal Oswal Wealth launches bond trading platform to widen investors’ access to fixed income

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Motilal Oswal Wealth launches bond trading platform to widen investors' access to fixed income
Motilal Oswal Financial Services’ wealth management arm on Tuesday launched a digital bonds trading platform to enable investors to access fixed income securities.

The company said its newly launched Bond Provider Platform will allow investors to invest in government securities, PSU bonds and corporate bonds through a dedicated digital interface.

The move comes as the domestic bond market expands and investors increasingly seek predictable returns and capital preservation alongside equity investments.
India’s bond market has grown to nearly USD 3 trillion, making it the third-largest in Asia after Japan and China, and equivalent to roughly 100-110 per cent of India’s GDP, a release said.
“With Indian households increasingly allocating savings to financial assets and the inclusion of Indian government bonds in global indices expected to bring strong foreign inflows, the opportunity in fixed income is becoming more compelling,” said Ajay Menon, managing director and chief executive officer of wealth management at Motilal Oswal Financial Services.


The new bond platform comes at a time of heightened geopolitical tensions and global market uncertainty that have increased volatility in equity markets, prompting investors, particularly high-net-worth individuals, to increase allocations to fixed income, the company said.
Ashish Malaviya, head of distribution at Motilal Oswal Wealth Management, said that amid rising equity market volatility driven by global developments, investors, particularly HNIs, are increasingly seeking capital protection, predictable income, and portfolio stability.

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Stifel raises Cullinan Oncology stock price target on autoimmune progress

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Stifel raises Cullinan Oncology stock price target on autoimmune progress

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Crexendo: AI, Acquisitions And A Growing Software

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Crexendo: AI, Acquisitions And A Growing Software

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Saba Capital’s Boaz Weinstein warns private credit problems are multiplying

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Saba Capital's Boaz Weinstein warns private credit problems are multiplying
Inside Alts: Saba Capital's Boaz Weinstein on private credit's liquidity problem

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.

The problems in private credit are “multiplying by the quarter,” due in part to the “financial alchemy of promising liquidity that isn’t there,” Boaz Weinstein, founder of Saba Capital Management, told Inside Alts this week. 

“What’s happening, big picture, right now is that, for a number of reasons, in the middle of a bull market, there are cracks, there are problems, there are frauds, there are companies that are going bad without being a fraud,” Weinstein said in an exclusive interview. “So for those reasons, investors are seeing their dividends being cut. They want their money back, and [on] Wall Street the No. 1 story right now is where the redemption is going to be for all these managers.” 

Weinstein, of course, is a central figure in that story. His firm, Saba, alongside Cox Capital Management, just launched a tender offer to purchase 6.9% of shares in one of Blue Owl’s nontraded private credit funds at a 34.9% discount. 

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“We were hearing from investors in these funds that they wanted their money back,” he said. “They were trying to find someone to step into their shoes, so that happened in an organic way.” 

That fund, known as Blue Owl Capital Corp. II, halted quarterly redemptions and sold $1.4 billion of direct lending investments to provide liquidity for its investors. It turned out to be among the first in a slew of nontraded, private credit funds that have been hit with redemption requests above the typical 5% quarterly cap.

Private wealth flows across products tracked by analysts at Jefferies were down 19% in the first quarter compared with Q4. Analysts said they expect redemption rates across retail credit products to increase. 

Saba and Cox see an opportunity amid investors’ limited liquidity. They are launching similar tenders for stakes in several other funds at Blue Owl as well as Starwood Real Estate Income Trust. This has caused some to question whether Weinstein has been criticizing the private credit industry only to scare retail investors into selling their stakes to him at a discount.

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While speaking with Inside Alts, Weinstein clarified that he doesn’t actually believe there will be a wave of private credit defaults or frauds, nor does he think people should redeem further. (“The redemptions have arrived,” he said.)  

In fact, he’s actually bullish on several of the largest private credit managers. Weinstein said over the past few weeks, he bought shares in “the most amazing managers,” including Ares, Apollo and Blackstone. He said he is even long “a little bit” of Blue Owl equity.

“We’re long the stocks of these companies on the idea that, in case this is overdone, these are the guys that are going to be the winners at the end, when the smoke clears and their stocks may represent good value,” said Weinstein.

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Weinstein said he thinks private credit is trading at pessimistic levels and public credit is trading at “incredibly optimistic levels.” He’s shorted public credit through credit default swaps and credit derivatives. Weinstein said that the gating of private credit funds means that investors will have to sell more liquid assets to raise cash, which would weigh on the market. 

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“I think that public credit is incredibly mispriced and part of my short-term thinking about it is informed by the issues that the private credit markets are having,” he said. 

Weinstein said it will be a “number of weeks” before they know what happens with the Blue Owl bids, and how much they’ll end up buying. Weinstein said the tender offers weren’t “personal” against the manager, but rather, he said, “if we go bid for something, it’s a sign we think the manager is good.”

However, Weinstein noted a firm called Cliffwater as one in the private credit space that they’re “watching the most closely.” He said Cliffwater operates similarly to a fund-of-funds model, where they don’t own the loans directly, but rather, they’re invested in other managers. As a result, they have limited control over fulfilling their own redemption requests – something Weinstein describes as a “turducken” (a chicken stuffed inside a duck, stuffed inside a turkey).

According to a Securities and Exchange Commission filing, Cliffwater disclosed that as of the end of last year, 69% of its Corporate Lending Fund was comprised of direct investments in underlying credit and the remaining 31% was exposed to funds.  

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Weinstein predicted that when Cliffwater announces its redemption rate — expected as early as Tuesday — it could be between 10% and 20%. 

“I don’t know their exact cash position, but we think it’s very likely that they’re going to have to start redeeming and they’re going to get cut back when they redeem these funds that they’ve invested in,” he said. 

Cliffwater was also the subject of a recent viral investor letter by the hedge fund Rubric Capital, which said the alternatives manager could be “a canary in a coal mine” and “the first domino in the bank run we foresee,” according to The New York Times, which cited two people who read the private note. 

When asked about what happens to private credit if there’s a real credit cycle, Weinstein said, “it will fall harder than it should.”

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He added that “one of the best opportunities” in his career would be investing in private credit at a massive discount “when the economy slows.” 

“Maybe that’s not for a year, maybe it’s about to happen. Maybe it’s going to happen years from now,” Weinstein said. “It’s about to get super interesting.”

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Cantor Fitzgerald raises Neurocrine Bio price target on Ingrezza outlook

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Cantor Fitzgerald raises Neurocrine Bio price target on Ingrezza outlook

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DA Davidson reiterates Repay stock Buy rating on strong Q4 results

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DA Davidson reiterates Repay stock Buy rating on strong Q4 results

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