Market News

Michael Gross, Co-Founder of SLR Capital Partners said pressure on business development companies are part of private credit's "growing pains." JPMorgan Chase & Co. is restricting some lending to private credit funds after marking down the value loans in their portfolios. At the same time, BDCs — which lend directly to middle-market companies — are seeing elevated redemption requests amid fear of loss related to oversized exposure to software firms disrupted by AI.  Besides equity from limited partners and public investors, private credit funds rely on banks for funds. They also raise debt in the investment-grade bond market. (Source: Bloomberg)

A fire at a Kimberly-Clark distribution center in Ontario, California, that houses paper products could potentially lead to disruptions in a market that serves around 50 million consumers. Ontario, California, Deputy Chief Mike Wedell confirms that a male employee of the paper company has been arrested on arson charges. (Source: Bloomberg)

Bankrupt auto-parts maker First Brands Group must give a last-minute bidder a chance to buy some of its most-recognizable brands, a federal judge ruled Tuesday.

Oncoclinicas do Brasil Servicos Medicos SA is considering seeking emergency protection from creditors as financial pressures mount, according to people familiar with the matter.

Who makes money from rising prices?

Vietnam’s stocks will be included in FTSE Russell’s secondary emerging markets grouping from September, boosting their visibility among global investors and paving the way for capital inflows.

DoubleLine Capital Deputy CIO Jeffrey Sherman discusses the massive economic ramifications that could come from oil disruption, and how the oil market is 'doing the hiking for the Fed.' He talks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)

Bond investors who’ve seen losses on US Treasuries mount amid the unfolding war in the Middle East are positioning for even more declines as President Donald Trump’s deadline looms for Iran to agree a ceasefire deal.

A foreign-flagged tanker is sailing from Washington State to California, one of the first non-US vessels to bring fuel to the region from another US state after the Trump administration waived Jones Act maritime restrictions last month.

US regulators unveiled a plan Tuesday to overhaul rules intended to prevent money laundering, a move likely to be cheered by Wall Street as banks continue to rack up wins in their push for policy changes under the Trump administration.

Some of Wall Street’s largest trading desks are mapping an array of market outcomes tied to the Iran conflict, as investors grapple with uncertainty over the prospects for a ceasefire.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Investors wary of being wrong-footed by twists and turns in the Iran war are trading stocks at a record pace, one market measure shows.

Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms.

Vale SA, the world’s top iron ore producer, has brought forward a scheduled maintenance shutdown of its two pellet plants in Oman as a strategy to mitigate potential impacts from the Iran war, according to a person familiar with the matter.

Council on Foreign Relations President Emeritus Richard Haass discusses Pakistan’s role in brokering a deal between the United States and Iran ahead of Tuesday’s deadline, the importance of reopening the Strait of Hormuz, and why there is still a lot of ‘space for diplomacy.’ He talks with Katie Greifeld and Romaine Bostick on “The Close.”

Chicago Atlantic is moving into private credit markets in the developing world, seeking to seize on increased demand as investors pull money out of similar funds in the US.

Rick Rieder, BlackRock's global fixed income CIO, says geopolitical risks have caused a "period of stasis" in markets during an interview on "Bloomberg The Close." (Source: Bloomberg)

Stocks fell and oil rose on concern the war in the Middle East is intensifying ahead of President Donald Trump’s deadline for Iran to agree to a ceasefire deal. Fears that an escalation of the conflict could heighten an energy squeeze and endanger the global economy curbed risk appetite, with the S&P 500 halting a four-day advance. Jim Caron, Morgan Stanley Investment Management Portfolio Solutions Group CIO joins to discuss what investors should do in this environment. (Source: Bloomberg)

Texas' entrepreneurial culture continues to nurture startups and corporate expansion alike, says Edward Crawford, co-founder and co-CEO of Coltala Holdings and an advisory board member for NYSE Texas. Business in the state, he says, moves at ``speed of trust,'' holding down costs because commerce is fast and fluid. He speaks with Bloomberg's Julie Fine in Dallas. (Source: Bloomberg)