Commercial Real Estate Market Faces Next Wave of Financial Stress, Apollo’s Rowan Says
The financial world is increasingly warning of the pain to come for owners of office buildings.
Bloomberg Top News
Lula Pans Brazil’s Monetary Policy Again Just Days Before Central Bank Meets Over Rates
Brazil President Luiz Inacio Lula da Silva renewed his attacks on the nation’s monetary policy on Monday, just days before the central bank is expected to hold its benchmark interest rate steady at a six-year high.
TCW CEO Koch Warns ‘Major Accidents’ Ahead in Private Credit
TCW Group President and Chief Executive Officer Katie Koch said cracks are starting to show in the private credit market and that investors should prepare for “major accidents” in the red-hot sector over the next 12 to 18 months.
Debt-Cap Fight to Restrain Auction Sizes Even as Deficit Grows
The US Treasury is facing the need for increasing issuance of longer-term securities this year as the budget deficit worsens, but for now its plans are frozen by the partisan standoff in Washington over raising the debt limit.
Private Equity Valuations Are ‘Still High,’ BlackRock’s Conway Says
The private equity market continues to have high valuations and firms are having trouble exiting investments, according to a top BlackRock Inc. executive.
Oil Extends Loss Into Third Week on Concerns Over China Recovery
Oil fell to extend two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer.
Ukraine Latest: US Says 20,000 Russians Killed in Bakhmut Fight
Russia has suffered more than 100,000 casualties, including 20,000 killed, since December in the stalemated fight over Bakhmut in eastern Ukraine, according to the US National Security Council.
Taylor Swift Helps Boost Las Vegas Tourism to Pre-Covid Levels
Two nights of the Taylor Swift Eras Tour helped to drive Las Vegas tourism to pre-Covid levels in March, according to the Las Vegas Convention and Visitors Authority.
Citigroup’s CEO Willing to Adjust Staffing Levels in Investment Bank
Citigroup Inc. Chief Executive Officer Jane Fraser said the company is willing to make adjustments to staffing levels inside its investment bank as the firm and its rivals continue to deal with an industrywide slump in dealmaking and underwriting activity.
Fed Watchdog Recommends More Staff Be Covered by Trading Rules
The Federal Reserve’s internal watchdog recommended that personal trading rules be extended to more staff after discovering that hundreds with access to confidential information are not covered.