Bloomberg Nachrichten

 

Blue Owl Capital Inc. led a $750 million debt financing for Vista Equity Partners' buyout of software company Nexthink SA, underscoring continued appetite for private credit even as liquidity concerns and unease over AI-driven disruption weigh on the market....

Greg Mazlin and Matthew Lloyd-Thomas are betting that hybrid work and AI will allow more people to get away from their screens and be more active. Mazlin — one of the few partners to depart the $50 billion Tiger Global in recent years — started raising his first fund in 2024 to invest in private companies poised to benefit from two long-term trends: people craving real-life experiences and an increase in leisure time created by artificial intelligence and hybrid work. One of his investments includes Matthew Lloyd-Thomas's Milky Way Park, a holding company that owns the high-end bike tour operator Thomson Tours, and the mountain expedition firm Alpenglow Expiditions. And he has plans to add other adventure sports to the mix. Mazlin and Lloyd-Thomas joined Carol Massar and Tim Stenovec to discuss how they're betting on people going offline. (Source: Bloomberg)...

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Interactive Brokers Chief Strategist Steve Sosnick, Cleveland Fed President Beth Hammack, Rosenblatt Securities' Barton Crockett, Council on Foreign Relations Senior Fellow Elliott Abrams, Gabelli Funds' John Belton, Evercore ISI's Julian Emanuel, Eurasia Group President & Founder Ian Bremmer, Pipeline Equity CEO Katica Roy, and Bezel CEO Quaid Walker. (Source: Bloomberg)...

A magazine's glossy photo shoot with young Wall Streeters, including a pair from Goldman Sachs who opined on their spending and dating, is setting off finger-pointing inside the famously restrained investment bank. When they were confronted by executives, at least one of the men said that they believed compliance was OK with participating in Interview Magazine's feature, “Meet the Finest Boys in Finance,” according to people with knowledge of the matter. But the press office, which stewards the bank's image, was not on board. Bloomberg News Banking Reporter Todd Gillespie joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

The Federal Drug Enforcement Administration opened an investigation into Jeffrey Epstein and a dozen other individuals in 2015 that centered on allegations of money laundering, drug trafficking and the procurement of Eastern European prostitutes for high-profile clients, according to five people familiar with the case. The investigation, which grew out of a longstanding probe into organized crime, was conducted by a secretive intelligence and law enforcement unit of the DEA and a transnational crime-fighting task force. Bloomberg News Senior Investigative Reporter Jason Leopold joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

BlackRock curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. The firm's $26 billion HPS Corporate Lending Fund, one of the largest non-traded business development companies, said in a statement Friday that shareholders requested 9.3% of their shares, but management decided to cap the repurchases at 5%. James Crombie, Bloomberg News Senior Editor for Credit, joins Bloomberg Businesweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

As fans of FX's new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy—or lack thereof—citing a quiet period ahead of its next earnings release. Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

A week into one of the biggest ever disruptions to global energy markets, oil prices still remain far below levels seen in previous crises. But a growing chorus of energy executives and traders is warning that every day that war rages on brings the world closer to a tipping point — with several predicting $100 crude within days. Ship traffic through the Strait of Hormuz has all but halted — making reality what had long been considered a worst-case scenario for the energy markets. There were signs on Friday that some of the initial oil market calm was dissipating, as Brent crude prices soared past $90 a barrel — taking their gain to more than a quarter this week. Ellen Wald, President of Transversal Consulting and Atlantic Council Senior Fellow, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

US employers unexpectedly cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing. Nonfarm payrolls fell 92,000 last month, one of the largest declines since the pandemic, after a strong start to the year. While some of the downside was expected in advance, like a temporary dent from striking healthcare workers and a potential hit from bad weather, a wide array of industries cut jobs in the month. The figures call into question whether the labor market is actually steadying — as Wall Street economists and Federal Reserve officials had hoped — after the worst year for hiring outside of a recession in decades. Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee joins Bloomberg Businessweek Daily to discuss. McKee speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

Oracle and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI's changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and consider leasing the planned expansion site in Abilene, Texas, from developer Crusoe, according to people familiar with the matter. Nvidia Corp., the leading AI chipmaker, helped facilitate Meta's discussions with the developer, said the people, who asked not to be identified because the talks are private. The shifting plans underscore the complexity of building out AI data centers, which are expected to cost in the tens of billions of dollars and require cooperation from a wide swath of partners. Bloomberg Tech Co-Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...

Byron Allen, the media mogul who owns the Weather Channel and other properties, acquired almost 11% of Starz Entertainment Corp. from former US Treasury Secretary Steve Mnuchin in a $25 million deal....

Vertiv Holdings Co., Lumentum Holdings Inc., Coherent Corp. and EchoStar Corp. will join the S&P 500 in the latest quarterly rebalance, S&P Dow Jones Indices said Friday....

The new war in the Middle East has given fresh relevance to the legal term “force majeure.” It's a clause that can be found buried in many contracts that lets a party off the hook in the event of some unforeseen “act of God.”...

Bezel CEO & Co-Founder Quaid Walker discusses their new partnership with Kalshi designed to build contracts tied to watch prices. Walker hopes the partnership will lead to more accessibility for customers and lead to a more "vibrant and interesting' watch world. He talks with Romaine Bostick and Bailey Lipschultz on "The Close." (Source: Bloomberg)...

The battery unit of SK Innovation Co. is laying off more than a third of the workforce at its plant in Georgia as the South Korean manufacturer navigates a slowdown in electric vehicle sales....

Cleveland Fed President Beth Hammack sat down with Michael McKee for an exclusive interview to discuss the two-sided risks with rates, as well as the latest jobs numbers being a disappointment despite a "stabilizing" labor market. (Source: Bloomberg)...

A group of investors holding a majority of Kennedy-Wilson Inc. bonds plan to skip the company's debt exchange offer and instead seek a cash payment, according to people familiar with the matter....

Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give Indian refiners the green light to purchase crude from the nation....

Council on Foreign Relations Senior Fellow for Middle Eastern Studies Elliott Abrams believes that despite the tensions in Iran, President Trump will not put US boots on the ground, drawing a contrast between the tensions with Iran and those of Iraq and Afghanistan. He talks with Romaine Bostick and Bailey Lipschultz on "The Close." (Source: Bloomberg)...

Gap reported fourth-quarter sales and profit that came in slightly below expectations, as two of its apparel chains underperformed. But CEO Richard Dickson says it was a successful quarter and they have a "fantastic transformation story" to tell. He speaks to Bloomberg's Lisa Abramowicz. (Source: Bloomberg)...