Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. My car reminds me of private credit because the check-engine light comes on sometimes for no discernable reason. I’m pretty handy, so I fix the problem with black elect...
Welcome to Bloomberg’s Banking Monitor . Every Thursday we’ll deliver you the top news of the global banking industry with emerging trends, winners and losers and market opportunities. Sign up now if you’re not already on the list. My car reminds me of private credit because the check-engine light comes on sometimes for no discernable reason. I’m pretty handy, so I fix the problem with black electrical tape. I stick it directly over the annoying warning until it goes away and keep driving, probably validating those who call it an “idiot light.” I’m told this behavior is not unique to me, but it’s likely not the best way to handle the warning lights flashing for private credit. Unlike my feckless denialism, there are signs that some of the finance world’s big drivers are ready to pull over and figure out whether it’s the trouble light or the industry’s engine that’s malfunctioning. Apollo Global Management will bring some clarity by reporting net asset values of its credit funds on a monthly basis, with plans to eventually do it daily. JPMorgan Chase, whose boss famously warned of “cockroaches” in the industry’s richly paneled woodwork, is restricting some lending to private credit funds and insisting on some markdowns. Boaz Weinstein, who bet against JPMorgan in the infamous London Whale era, argues in contrast that some of the discounts on private assets are overdone and he’s “buying pessimism” from investors unhappy with Blue Owl Capital’s offerings. The latter firm, which remains a primary target of bets on a private-credit reckoning, defended its recent transactions . At the risk of driving the car metaphor into the ground, Bloomberg reported that direct lenders have taken the keys to nearly 150 companies in Europe. While attention traditionally might be on how fast a car goes from zero to 100 mph, Wall Street is fixated on how fast a private loan can go from 100 to zero (about three months). All this, combined with war, means lots of volatility, and traders at ...
Image source: The Motley Fool. Thursday, March 12, 2026 at 9 a.m. ET Call participants Co-Chief Executive Officer — Peter Sack President and Chief Operating Officer — David Kite Chief Financial Officer — Phil Silverman Takeaways Loan Portfolio Principal -- $411 million across 26 companies, with a weighted average yield to maturity of 16.3%. -- $411 million across 26 companies, with a weighted aver...
Image source: The Motley Fool. Thursday, March 12, 2026 at 9 a.m. ET Call participants Co-Chief Executive Officer — Peter Sack President and Chief Operating Officer — David Kite Chief Financial Officer — Phil Silverman Takeaways Loan Portfolio Principal -- $411 million across 26 companies, with a weighted average yield to maturity of 16.3%. -- $411 million across 26 companies, with a weighted average yield to maturity of 16.3%. Pipeline -- $616 million at period end, reflecting ongoing growth in opportunity set. -- $616 million at period end, reflecting ongoing growth in opportunity set. Loan Mix -- 62.4% floating-rate, 37.6% fixed-rate; only 9% of portfolio exposed to further prime rate declines due to interest rate floors. -- 62.4% floating-rate, 37.6% fixed-rate; only 9% of portfolio exposed to further prime rate declines due to interest rate floors. Net Interest Income -- $14.2 million for the quarter, a 4% increase from $13.7 million in the previous quarter, primarily due to $1.7 million in collected past-due interest from loan number nine. -- $14.2 million for the quarter, a 4% increase from $13.7 million in the previous quarter, primarily due to $1.7 million in collected past-due interest from loan number nine. Interest Expense -- $1.8 million for the quarter, up from $1.6 million, reflecting an increase in revolving facility borrowings to $33.6 million from $14 million. -- $1.8 million for the quarter, up from $1.6 million, reflecting an increase in revolving facility borrowings to $33.6 million from $14 million. Book Value per Share -- $14.60, with approximately 21.5 million common shares outstanding on a fully diluted basis. -- $14.60, with approximately 21.5 million common shares outstanding on a fully diluted basis. Dividend -- $0.47 per common share distributed in January, with a payout target of 90%-100% of basic distributable earnings for the 2026 tax year. -- $0.47 per common share distributed in January, with a payout target of 90%-100% of basic dis...
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. But we’re starting to see more AI firms building a new breed of generative model — ones that are designed to address creatives’ needs throughout the development process while also avoiding issues like potential copyright infringement. Wh...
is a reporter focusing on film, TV, and pop culture. Before The Verge, he wrote about comic books, labor, race, and more at io9 and Gizmodo for almost five years. But we’re starting to see more AI firms building a new breed of generative model — ones that are designed to address creatives’ needs throughout the development process while also avoiding issues like potential copyright infringement. What really sets these models apart from their peers, though, is the way they can purportedly be customized through training that turns them into bespoke tools that are tailor-made for every project. Customizability was one of the major points that Netflix emphasized last week when the company announced that it is absorbing InterPositive, an AI startup founded by Ben Affleck in 2022. Though Netflix has not disclosed how much it paid for InterPositive, Bloomberg reports that the figure could be as much as $600 million. While Netflix productions have used gen AI before, the acquisition was notable because the streamer publicly highlighted its plans to make the technology a foundational part of its business. Netflix — which declined to speak with The Verge for this piece — didn’t share much about when and how it will internally deploy InterPositive’s models. But the company is presenting InterPositive’s AI as a tool that’s designed to “empower” filmmakers rather than eliminate them from the equation. In a statement about the acquisition, Affleck explained how InterPositive’s team filmed “a proprietary dataset on a controlled soundstage with all the familiarities of a full production” that serves as the basis for the company’s core model. “I wanted to build a workflow that captures what happens on a set, with vocabulary that matched the language cinematographers and directors already spoke and included the kind of consistency and controls they would expect,” Affleck said. “The results of this foundational work were deliberately smaller datasets and models focused on filmmaking te...
Pep Guardiola’s wry and serial observation is that only victory makes the head coach appear a sage of the tactical battle. If defeat is endured then, fair or not, it is open season on the man who lives and dies by results. Cut to Wednesday’s 3-0 Champions League last-16 hammering of Manchester City by Real Madrid and Álvaro Arbeloa emanated a seer-like cool in the post-first leg briefings, while G...
Pep Guardiola’s wry and serial observation is that only victory makes the head coach appear a sage of the tactical battle. If defeat is endured then, fair or not, it is open season on the man who lives and dies by results. Cut to Wednesday’s 3-0 Champions League last-16 hammering of Manchester City by Real Madrid and Álvaro Arbeloa emanated a seer-like cool in the post-first leg briefings, while Guardiola was forced into explaining why he sent out a 4-2-2-2 that crumpled so easily before Federico Valverde, who scored a memorable first-half, 22-minute hat-trick. This was a question of personnel rather than shape. You could see the Catalan’s thinking in overloading with three wingers in Savinho, Antoine Semenyo, who partnered Erling Haaland in attack, and Jérémy Doku: go at Real with pace, particularly along Trent Alexander-Arnold’s right-back flank, reach the byline and pop crosses over for the Norwegian to score. However, though two or three times Doku and Nico O’Reilly, from left-back, got into those areas, their balls in found empty space and not their No 9, and at this level profligacy is lethal: by the 42nd-minute Valverde had his third, and City were cowed. As Doku said: “In those types of games you need to score the chances that we have. Otherwise, when they have a chance they score … They were just waiting for us to make mistakes. They are a good transition team.” In this we come to the thorny issue of the City No 9. Ensuring maximum Haaland-potency has become a quasi-conundrum Guardiola has to solve. The Norwegian’s numbers remain phenomenal: 29 goals from 40 City appearances this season, with seven in nine in the Champions League. But the strikes are drying up. Haaland has a paltry four in his past 14 outings, with two of these penalties. The overall figures are an interesting read. Opta’s statistics shows that from Haaland’s 125 Premier League appearances, City’s win rate is 65%, and that in 18 games without him it is 78%. In the Champions League it is a 5...
Buying shares in leading companies operating in fast-growing or disruptive niches is a proven way to make money over the long run. In fact, investing in the right stocks and holding them for a long time can even help investors retire as millionaires. For example, if you had invested $10,000 in Nvidia a decade ago and held onto it through all the ups and downs that followed, your stake would now be...
Buying shares in leading companies operating in fast-growing or disruptive niches is a proven way to make money over the long run. In fact, investing in the right stocks and holding them for a long time can even help investors retire as millionaires. For example, if you had invested $10,000 in Nvidia a decade ago and held onto it through all the ups and downs that followed, your stake would now be worth $2.2 million. In a similar vein, I think it would be a good idea to invest in Applied Digital (APLD 4.24%) stock right now, as it's operating in the fast-growing data center space and poised to deliver remarkable long-term growth. Of course, relying on just one stock to grow your portfolio to seven figures is not the right strategy. Any crack in that company's growth story could take the wind out of your returns. However, making Applied Digital stock a part of a diversified portfolio could give your wealth a nice boost in the long run. Applied Digital is poised to win big from its lucrative lease contracts The artificial intelligence (AI) revolution has supercharged the data center market. Hundreds of billions of dollars are being spent to construct data centers built specifically to handle AI workloads. Applied Digital specializes in designing, building, and operating these types of data centers. Expand NASDAQ : APLD Applied Digital Today's Change ( -4.24 %) $ -1.21 Current Price $ 27.31 Key Data Points Market Cap $8.0B Day's Range $ 26.84 - $ 27.76 52wk Range $ 3.31 - $ 42.27 Volume 87K Avg Vol 29M Gross Margin 16.40 % In the first six months of its fiscal 2026, its revenue increased by 176% from the prior-year period to $191 million. Its pace of revenue growth could continue to improve due to the new data center campuses that it plans to construct. The company already has $16 billion worth of lease contracts with hyperscalers and neocloud companies in the bag for the next 15 years. These leases are for 600 megawatts (MW) of data center capacity at two campuses tha...
Key Points Demand for capacity in AI data centers remains extremely robust. Applied Digital is in the business of constructing and operating AI data centers. The remarkable growth the company could deliver makes the stock an ideal long-term investment. 10 stocks we like better than Applied Digital › Buying shares in leading companies operating in fast-growing or disruptive niches is a proven way t...
Key Points Demand for capacity in AI data centers remains extremely robust. Applied Digital is in the business of constructing and operating AI data centers. The remarkable growth the company could deliver makes the stock an ideal long-term investment. 10 stocks we like better than Applied Digital › Buying shares in leading companies operating in fast-growing or disruptive niches is a proven way to make money over the long run. In fact, investing in the right stocks and holding them for a long time can even help investors retire as millionaires. For example, if you had invested $10,000 in Nvidia a decade ago and held onto it through all the ups and downs that followed, your stake would now be worth $2.2 million. In a similar vein, I think it would be a good idea to invest in Applied Digital (NASDAQ: APLD) stock right now, as it's operating in the fast-growing data center space and poised to deliver remarkable long-term growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Of course, relying on just one stock to grow your portfolio to seven figures is not the right strategy. Any crack in that company's growth story could take the wind out of your returns. However, making Applied Digital stock a part of a diversified portfolio could give your wealth a nice boost in the long run. Applied Digital is poised to win big from its lucrative lease contracts The artificial intelligence (AI) revolution has supercharged the data center market. Hundreds of billions of dollars are being spent to construct data centers built specifically to handle AI workloads. Applied Digital specializes in designing, building, and operating these types of data centers. In the first six months of its fiscal 2026, its revenue increased by 176% from the prior-year period to $191 million. Its pace of revenue growth could continue...
Image source: The Motley Fool. Monday, March 16, 2026 at 5 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Weidong Luo Chief Financial Officer — Shan-Nen Bong Head of Investor Relations — Christian Arnell Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- RMB 105.2 million, up 13% year over year and 16% quarter over quarter, surpassing RMB 100 million for the...
Image source: The Motley Fool. Monday, March 16, 2026 at 5 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Weidong Luo Chief Financial Officer — Shan-Nen Bong Head of Investor Relations — Christian Arnell Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- RMB 105.2 million, up 13% year over year and 16% quarter over quarter, surpassing RMB 100 million for the first time since transition to a pure SaaS model. -- RMB 105.2 million, up 13% year over year and 16% quarter over quarter, surpassing RMB 100 million for the first time since transition to a pure SaaS model. EngageLab ARR -- Annualized recurring revenue reached USD 10 million in December, representing 186% year-over-year growth. -- Annualized recurring revenue reached USD 10 million in December, representing 186% year-over-year growth. Developer Subscription Services Revenue -- RMB 61.9 million, increasing 13% year over year and 8% quarter over quarter, driven by higher customer numbers and ARPU. -- RMB 61.9 million, increasing 13% year over year and 8% quarter over quarter, driven by higher customer numbers and ARPU. Value-Added Services Revenue -- RMB 14.2 million, up 101% quarter over quarter but down 13% year over year, attributed to increased advertiser spend during seasonal promotions. -- RMB 14.2 million, up 101% quarter over quarter but down 13% year over year, attributed to increased advertiser spend during seasonal promotions. EngageLab Customer Growth -- Total number of global EngageLab customers grew 142% year over year to 1,641, with a sales presence in over 70 countries and 18 new markets added in the quarter. -- Total number of global EngageLab customers grew 142% year over year to 1,641, with a sales presence in over 70 countries and 18 new markets added in the quarter. Vertical Application: Financial Risk Management -- Revenue for this segment increased 43% year over year and 11%-12% quarter over quarter, with customer number and ARPU each up 20% year ove...
Image source: The Motley Fool. Thursday, March 12, 2026 at 7:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Weidong Luo Chief Financial Officer — Shan-Nen Bong Investor Relations Director — Christian Arnell Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- RMB 105.2 million, up 13% year over year and 16% sequentially from Q3, driven by developer su...
Image source: The Motley Fool. Thursday, March 12, 2026 at 7:30 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Weidong Luo Chief Financial Officer — Shan-Nen Bong Investor Relations Director — Christian Arnell Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- RMB 105.2 million, up 13% year over year and 16% sequentially from Q3, driven by developer subscription and vertical application growth. -- RMB 105.2 million, up 13% year over year and 16% sequentially from Q3, driven by developer subscription and vertical application growth. Developer Subscription Revenue -- RMB 61.9 million, recording 13% year over year and 8% sequential growth, reaching its highest level to date. -- RMB 61.9 million, recording 13% year over year and 8% sequential growth, reaching its highest level to date. Gross Profit -- RMB 69.7 million, increasing 23% year over year and 9% sequentially, representing a 16-quarter high. -- RMB 69.7 million, increasing 23% year over year and 9% sequentially, representing a 16-quarter high. GAAP Net Profit (Full Year) -- Achieved the company's first ever full year GAAP net profit. -- Achieved the company's first ever full year GAAP net profit. EngageLab Annual Recurring Revenue (ARR) -- USD 10 million, posting 186% year-over-year growth as of December 2025. -- USD 10 million, posting 186% year-over-year growth as of December 2025. EngageLab Customer Growth -- Number of EngageLab customers rose by 142% year over year to 1,641. -- Number of EngageLab customers rose by 142% year over year to 1,641. Value-Added Services Revenue -- RMB 14.2 million, up 101% quarter over quarter, but down 13% year over year. -- RMB 14.2 million, up 101% quarter over quarter, but down 13% year over year. Financial Risk Management Revenue -- Revenue in this vertical grew 43% year over year and 11%-12% sequentially, supported by 20% growth in both customer numbers and ARPU. -- Revenue in this vertical grew 43% year over year and 11%-12% s...
Crispin Odey said he was “embarrassed” by allegations of sexual misconduct that ultimately spelled the end of his career at the top of the London hedge fund industry. The note of contrition emerged in a witness statement Odey prepared for the London appeal of his lifetime ban from UK finance and a £1.8 million ($2.4 million) fine for “reckless disregard” for corporate governance. Odey though claim...
Crispin Odey said he was “embarrassed” by allegations of sexual misconduct that ultimately spelled the end of his career at the top of the London hedge fund industry. The note of contrition emerged in a witness statement Odey prepared for the London appeal of his lifetime ban from UK finance and a £1.8 million ($2.4 million) fine for “reckless disregard” for corporate governance. Odey though claimed that some of the allegations against him are fabrications from unhappy staff that the firm fired. “As a result of engaging fully with the review process I had been given the opportunity to reflect on my behavior and it was clear to me that I had got things wrong,” Odey said in the statement. “It was not right that members of staff felt uncomfortable because of my behavior.” He has faced at least 46 allegations of inappropriate conduct following an internal report commissioned by the executive committee of Odey Asset Management , which led to a final written warning. He’s accused of seeking to frustrate disciplinary hearings into his own conduct by ousting the internal committees at OAM. “Some of the allegations against me were fabrications,” Odey said in the court filing. Job cuts at his firm “presented opportunities for those made redundant to seek more favorable terms.” Read more: Ex-Odey CEO Calls Fund Founder a ‘Sociopath’ and ‘Sex Pest’ The tycoon argues that Financial Conduct Authority pursued an “agenda” against him and that ultimately caused the demise of his firm. Oliver Kelton , a member of one of the committees investigating Odey said in a court filing that he was “shocked” by the scale of the allegations. They were “far removed” from what Odey had said to him. “He had described only one incident and had assured me that he had done nothing wrong.” Earlier this week, the FCA’s lawyers told the London court that OAM staff reported multiple incidents to the lawyers investigating the misconduct. On one occasion, Odey began massaging a receptionist and then proceed...