Centerbridge's Shanshan Cao says her firm didn't deploy much money during the volatility that hit markets after Trump's tariff announcements. "We thought it was premature." She speaks at the Bloomberg Global Credit Forum.
Financial Advisors Remain Hesitant Towards Bitcoin — But Won’t Be for Long
Questions have evolved from “What is bitcoin?” to “How does it fit in my portfolio?”
China Still Strong
Qiao Liu, Dean & Professor of Finance, Guanghua School of Management, Peking University tells Bloomberg's John Liu China's economy remains a global player in spite of geopolitical instability.
Goss Concerned About the Impact of AI
Pretium Partners' Roberta Goss says artificial intelligence is impacting businesses and credit faster than expected. She spoke at the Bloomberg's Global Credit Forum in Los Angeles on Wednesday.
US ocean imports plunged in May on 145% tariffs on China
LOS ANGELES (Reuters) -Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world's two biggest economies overnight announced a trade deal framework that sets tariffs on China at the prior 30% rate, subject to final approval. China is the top U.S. supplier of goods that arrive by sea.
Clearlake's Feliciano Sees Slower Private Equity Growth Over Next Decade
Clearlake Capital Group co-founder José Feliciano explains why he expects slower growth in private equity over the next decade and why private credit is "well positioned" for retail investors. He speaks with Dani Burger at Bloomberg's Global Credit Forum in Los Angeles
Northwestern freezes hiring and cuts budgets to combat ‘increasing strain’ on finances
The highly selective university faces funding threats from the Trump administration along with rising costs and proposed policy changes.
Dogecoin rebounds 3% as Elon Musk backs down from feud with Trump
The Tesla CEO said that he regrets some of his posts about the president last week.
US monthly budget deficit falls as Trump tariffs boost customs receipts
WASHINGTON (Reuters) -The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump's steep new import tariffs, the Treasury Department said on Wednesday. Gross customs receipts jumped last month from $6 billion in May 2024 as Trump's tariffs on goods from nearly all trading partners began showing up in significant volumes in port-of-entry collections, a Treasury official said. Fiscal year-to-date customs receipts were up nearly 60% to $86 billion.
Connecticut's Ban Throws Water on 2025 Trend of States Setting Up Crypto Investments
The Connecticut legislature has barred that state's government from setting up the kind of digital assets reserves seen forming elsewhere in the U.S.