Arsenal beat Chelsea in a thrilling Women's Champions League quarter-final first-leg featuring brilliant goals from England internationals Chloe Kelly, Lauren James and Alessia Russo.
Arsenal beat Chelsea in a thrilling Women's Champions League quarter-final first-leg featuring brilliant goals from England internationals Chloe Kelly, Lauren James and Alessia Russo.
Wilbur Ross, former US Commerce Secretary and Ross Acquisition Corp. Chairman, President and CEO, joins Bloomberg Businessweek Daily to discuss the ongoing war in Iran, saying that as a consequence, "China and Russia are on notice." Ross adds that in his view, the events in Iran so far have gone better than expected, saying that the US knocked out Iranian defense mechanisms "pretty quickly. Iran i...
Wilbur Ross, former US Commerce Secretary and Ross Acquisition Corp. Chairman, President and CEO, joins Bloomberg Businessweek Daily to discuss the ongoing war in Iran, saying that as a consequence, "China and Russia are on notice." Ross adds that in his view, the events in Iran so far have gone better than expected, saying that the US knocked out Iranian defense mechanisms "pretty quickly. Iran is essentially defenseless against our attack." Ross speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
bedo/iStock via Getty Images Thesis Summary Blue Owl Capital Corporation ( OBDC ) has struggled to find a floor since my last article , as investor concerns around the broader private credit market have intensified. Increased redemption in the sector and liquidity gating across major funds have even sparked comparisons to the 2008 financial crisis, with many investors assuming the worst. But the d...
bedo/iStock via Getty Images Thesis Summary Blue Owl Capital Corporation ( OBDC ) has struggled to find a floor since my last article , as investor concerns around the broader private credit market have intensified. Increased redemption in the sector and liquidity gating across major funds have even sparked comparisons to the 2008 financial crisis, with many investors assuming the worst. But the data simply doesn’t support that conclusion. Private credit today is very different from mortgages in 2008. Smaller and far less systemically embedded than the mortgage market that triggered the Global Financial Crisis. Yet, dismissing the current stress signals entirely would be a mistake. This isn’t 2008, but it's a real test of a $2 trillion asset class in a higher-for-longer world. And yet, I remain cautiously optimistic on Blue Owl and the broader sector. Markets like to price things fast, and reversals often happen before the real economic pain even begins. Fundamentals have not changed for Blue Owl, and we have the early technical signs that a bottom could be in. This Is Not 2008 Over the past few weeks, we have been flooded by negative headlines around price credit. Redemption requests have surged across several large private credit funds, with firms like BlackRock, Blackstone, and Morgan Stanley all implementing or maintaining withdrawal limits in early 2026. But just because investors are panicking doesn’t necessarily mean the sector is in deep trouble. Many want to compare this with 2007-2008, but I just don’t see it. The comparison makes for a great narrative, and it definitely drives clicks, but it breaks down quickly under scrutiny. The most important distinction is scale. Private Credit Market (Preqin) The global private credit market today stands at roughly $2 trillion. By comparison, the U.S. mortgage market alone exceeded $10 trillion in 2008 , with $7–10 trillion embedded in securitized products that were widely held across the banking system. Even in a se...