The U.S. office market is experiencing significant price reductions, with some buildings marked down by over 90%. In Chicago, a developer purchased a 485,000-square-foot office building for $4 million, down from its previous sale price of $68.1 million a decade ago.

BlackRock has limited withdrawals from a major debt fund due to a surge in redemption requests amid growing concerns in the $2 trillion private credit industry. Shares of BlackRock fell 6.7% on the New York Stock Exchange following negative U.S. jobs data and escalating geopolitical tensions.