Business development company turmoil is making direct lenders cautious on corporate debt risk, according to PGIM, which oversees more than $200 billion in private credit. “It’ll have a bit of a chilling effect,” Matt Harvey, the firm’s global head of middle-market direct lending, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Matthew Geudtner in the latest Credit Edge podcast. “A...
Business development company turmoil is making direct lenders cautious on corporate debt risk, according to PGIM, which oversees more than $200 billion in private credit. “It’ll have a bit of a chilling effect,” Matt Harvey, the firm’s global head of middle-market direct lending, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Matthew Geudtner in the latest Credit Edge podcast. “As a lender you’re a little bit more conservative, you’re a little bit more rational in terms of your
bjdlzx/E+ via Getty Images SBAC Communications ( SBAC ) jumped 15% after a report that it's exploring options, including a potential sale, after getting takeover interest. Large infrastructure funds have been circling the tower owner and operator, according to a Bloomberg report on Thursday, which cited people familiar with the matter. SBAC is working with advisers to consider the interest. Delibe...
bjdlzx/E+ via Getty Images SBAC Communications ( SBAC ) jumped 15% after a report that it's exploring options, including a potential sale, after getting takeover interest. Large infrastructure funds have been circling the tower owner and operator, according to a Bloomberg report on Thursday, which cited people familiar with the matter. SBAC is working with advisers to consider the interest. Deliberations are at an early stage and there’s no certainty any deal will happen, according to the report. SBA didn’t immediately respond to Bloomberg requests for comment. SBA ( SBAC ) has a market cap of $18.6 billion and enterprise value of $34 billion, which includes debt. Rival tower owner and operators also moved on the news. Crown Castle ( CCI ) rose 6.5%, while American Tower ( AMT ) gained 2.5%. More on SBA Communications SBA Communications: Near-Term AFFO Pressure, But Long-Term Recovery Potential Remains SBA Communications Corporation (SBAC) Presents at Deutsche Bank 34th Annual Media, Internet & Telecom Conference Transcript SBA Communications Corporation (SBAC) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Highest and lowest quant-rated real estate stocks above $10B cap after earnings season SBA Communications signals $35M in new U.S. leasing revenue for 2026 while expanding Central America footprint
Kyndryl is launching a new service to help companies manage AI agents and get better returns from their investment on the tech. Kyndryl CEO Martin Schroeter joins Tim Stenovec on “Bloomberg Tech.” (Source: Bloomberg)
Kyndryl is launching a new service to help companies manage AI agents and get better returns from their investment on the tech. Kyndryl CEO Martin Schroeter joins Tim Stenovec on “Bloomberg Tech.” (Source: Bloomberg)
cemagraphics/iStock via Getty Images Neutral sentiment among individual investors about the short-term outlook for stocks decreased in the latest AAII Sentiment Survey. Meanwhile, optimism and pessimism increased. Bullish sentiment, expectations that stock prices will rise over the next six months, increased 1.5 percentage points to 33.6%. Bullish sentiment is below its historical average of 37.5%...
cemagraphics/iStock via Getty Images Neutral sentiment among individual investors about the short-term outlook for stocks decreased in the latest AAII Sentiment Survey. Meanwhile, optimism and pessimism increased. Bullish sentiment, expectations that stock prices will rise over the next six months, increased 1.5 percentage points to 33.6%. Bullish sentiment is below its historical average of 37.5% for the seventh consecutive week. Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, decreased 3.1 percentage points to 15.0%. Neutral sentiment is unusually low and is below its historical average of 31.5% for the 89th time in 91 weeks. Bearish sentiment, expectations that stock prices will fall over the next six months, increased 1.6 percentage points to 51.4%. Bearish sentiment is unusually high and is above its historical average of 31.0% for the eighth consecutive week. The bull-bear spread (bullish minus bearish sentiment) decreased 0.2 percentage points to –17.9%. The bull-bear spread is unusually low and is below its historical average of 6.5% for the eighth consecutive week. This week’s special question asked AAII members how oil prices are affecting their perception of the economy. Here is how they responded: They will have a significant negative impact: 34.3% It depends on how long oil prices remain at current levels: 24.2% They will slow economic growth somewhat: 23.7% I do not expect them to have a lasting impact: 16.5% Not sure/no opinion: 0.9% This week’s Sentiment Survey results: Bullish: 33.6%, up 1.5 percentage points Neutral: 15.0%, down 3.1 percentage points Bearish: 51.4%, up 1.6 percentage points Historical averages: Bullish: 37.5% Neutral: 31.5% Bearish: 31.0% The AAII Sentiment Survey has been conducted weekly since July 1987. The survey and its results are available online . If you want to become an effective manager of your own assets and achieve your financial goals, consider a risk-free 30...
Shares of China's burgeoning electric vehicle maker , Nio (NYSE: NIO) , are up 16% this week after the company announced better-than-expected March vehicle delivery figures. Nio delivered 35,486 vehicles in March -- a 136% increase from last year and a 71% increase over February. This delivery growth was well-balanced across Nio's three major brands: For the first quarter of 2026, Nio's deliveries...
Shares of China's burgeoning electric vehicle maker , Nio (NYSE: NIO) , are up 16% this week after the company announced better-than-expected March vehicle delivery figures. Nio delivered 35,486 vehicles in March -- a 136% increase from last year and a 71% increase over February. This delivery growth was well-balanced across Nio's three major brands: For the first quarter of 2026, Nio's deliveries grew 96% year over year, exceeding the high end of management's expectations. What makes this stellar delivery growth even more intriguing is that it comes just three weeks after Nio reported Q4 earnings, during which the company achieved profitability for the first time in its history. With its premium Nio brand continuing to lead this delivery growth charge -- remaining the company's best-selling brand -- it's entirely possible that Nio's margins continue to improve. Continue reading
Khosrork/iStock Editorial via Getty Images Lucid ( LCID ) unveiled its 2027 Gravity line-up , equipped with a suite of new standard features and a new Prestige Package. The Lucid Gravity Touring SUV now comes standard with DreamDrive 2 Premium with advanced driver-assistance capabilities and an additional key fob, both of which are offered with no extra charge. The $79K Gravity Touring can also be...
Khosrork/iStock Editorial via Getty Images Lucid ( LCID ) unveiled its 2027 Gravity line-up , equipped with a suite of new standard features and a new Prestige Package. The Lucid Gravity Touring SUV now comes standard with DreamDrive 2 Premium with advanced driver-assistance capabilities and an additional key fob, both of which are offered with no extra charge. The $79K Gravity Touring can also be customized with packages such as those covering comfort and convenience, enhanced technology and power, dynamic handling, and “Surreal Sound.” The Lucid Gravity Grand Touring, starting at $98K, also comes standard with DreamDrive 2, along with the Comfort & Convenience Package, Power Package, and 21”/22” wheels. With the 2027 Grand Touring model, customers can get the Prestige Package, starting at $105K. Despite praise for its advanced technology and design, Lucid ( LCID ) sold only 230 of the Gravity in 2025, according to Cox Automotive. Although Lucid disputes that number and claims Gravity sales were “in the thousands” in 2025—Cox Automotive stands by its sales data—Lucid does concede that supply chain issues snarled production of the Gravity. To compensate and ensure there is enough supply to meet demand for its upgraded models, Lucid ( LCID ) is beefing up production by adding a second shift to the final assembly section of the factory. Lucid ( LCID ) shares are up another 3.5% on Thursday, bringing its three-day run-up to +8.2%. More on Lucid Lucid Group, Inc. (LCID) Presents at Bank of America Global Automotive Summit Transcript Tracking Saudi Sovereign Wealth Fund's 13F Portfolio - Q4 2025 Update Lucid: Still Not Impressed Lucid lands just its second Wall Street bull rating as Citi points to upside Mid-cap consumer discretionary stocks with best and worst quant ratings
Tesla posted one of its worst sales quarters in years, missing Wall Street's expectations. Bloomberg's Craig Trudell discusses Tesla's struggles to turn around its core business. He joins Tim Stenovec on "Bloomberg Tech."
Tesla posted one of its worst sales quarters in years, missing Wall Street's expectations. Bloomberg's Craig Trudell discusses Tesla's struggles to turn around its core business. He joins Tim Stenovec on "Bloomberg Tech."
Oklo (NYSE: OKLO) , a developer of microreactors for modular nuclear power plants, went public through a merger with a special purpose acquisition company (SPAC) nearly two years ago. It opened at $15.50 per share on its first day, and it now trades at about $48. Oklo's stock more than tripled even though it hasn't deployed any of its microreactors or generated any meaningful revenue yet. But coul...
Oklo (NYSE: OKLO) , a developer of microreactors for modular nuclear power plants, went public through a merger with a special purpose acquisition company (SPAC) nearly two years ago. It opened at $15.50 per share on its first day, and it now trades at about $48. Oklo's stock more than tripled even though it hasn't deployed any of its microreactors or generated any meaningful revenue yet. But could this speculative nuclear energy stock actually be one of the smartest long-term investments you can make today? Image source: Getty Images. Continue reading
A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of 59,000 for the month, an anemic rate by the standards of previous years this decade bu...
A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of 59,000 for the month, an anemic rate by the standards of previous years this decade but enough to keep the unemployment rate at 4.4%. If the estimate is reasonably accurate, it actually would represent above-trend job growth for a labor market that has created virtually no jobs over the past year. Immigration restrictions, shifting demographics and geopolitical uncertainty have left companies eager neither to hire nor fire workers en masse, resulting in a static labor market and a series of ho-hum monthly counts from the Bureau of Labor Statistics. The BLS will release the number Friday at 8:30 a.m. ET, though the stock market will be closed in observance of the Good Friday holiday. "We have to revise our idea of what a good or bad job number is," said Guy Berger, chief economist at Homebase, which provides workforce management services for small businesses. A report like February's showing job losses "would have been raising alarm bells about the state of the labor market," he added. "Now we're like, yeah, that was a very bad report, but it doesn't freak anybody out about the job market. I didn't look at that report and say, wow, we're on the verge of tipping into recession." Jobless rate in view Echoing views expressed by Federal Reserve Chair Jerome Powell and other central bankers, Berger said he's more focused on the unemployment rate as a gauge of labor market stability. With the changes to the workforce, it's requiring ever-smaller payroll growth to keep the jobless rate steady. The current unemployment rate of 4.4% is just 0.2 percentage point above where it was a year ago, despite the anemic payrolls growth. In a recent report, the St. Louis Fed upd...