Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.
Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.
Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on June 8. Photographer: Patrick T. Fallon/AFP/Getty Images
Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.
Even as SpaceX readies its record initial public offering, it’s already the “biggest rising star of all time” in credit, says Bruce Richards, chairman of Marathon Asset Management LP.
Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on June 8. Photographer: Patrick T. Fallon/AFP/Getty Images
Demand for US natural gas is set to rise in the next 10 years more than it did for the past 15 years amid growing power needs from data centers supporting artificial intelligence and a global push for energy security, according to the head of Williams Cos.
Demand for US natural gas is set to rise in the next 10 years more than it did for the past 15 years amid growing power needs from data centers supporting artificial intelligence and a global push for energy security, according to the head of Williams Cos.
A natural gas-fired power plant in Pittsburg, California.
Ramaco Resources Inc.’s chief executive officer said Chinese steel dumping is hammering US miners as smelters around the world try to keep pace by demanding lower costs for metallurgical coal.
Ramaco Resources Inc.’s chief executive officer said Chinese steel dumping is hammering US miners as smelters around the world try to keep pace by demanding lower costs for metallurgical coal.
A miner turns on his headlamp while walking into the entrance of a Ramaco Resources mine near Wylo, West Virginia.
Audi’s Formula 1 boss said entering the sport via a legacy team has proved more difficult than starting with a clean slate, as the German carmaker runs up against more established rivals.
Audi’s Formula 1 boss said entering the sport via a legacy team has proved more difficult than starting with a clean slate, as the German carmaker runs up against more established rivals.
Software-sector weakness, liquidity concerns and a series of bad underwriting vintages are all widening the moat between public and non-traded private credit vehicles, according to Oaktree Capital Management’s Armen Panossian.
Software-sector weakness, liquidity concerns and a series of bad underwriting vintages are all widening the moat between public and non-traded private credit vehicles, according to Oaktree Capital Management’s Armen Panossian.
Armen Panossian, co-chief executive officer of Oaktree Capital Management LP, during a Bloomberg Television interview in London, UK, on Monday, June 30, 2025. US banks are kicking the commercial real estate can down the road, Panossian said. Photographer: Betty Laura Zapata/Bloomberg
War with Iran may slow the pace of dealmaking but it’s unlikely to dent overall M&A activity, according to Lazard Inc.’s global head of mergers and acquisitions.
War with Iran may slow the pace of dealmaking but it’s unlikely to dent overall M&A activity, according to Lazard Inc.’s global head of mergers and acquisitions.
A man stands in a damaged residence following airstrikes in Tehran on March 14.
Oaktree Capital Management’s Danielle Poli says the moment for the distressed debt shop to scoop up the asset class in droves isn’t here yet as global credit markets remain relatively resilient.
Oaktree Capital Management’s Danielle Poli says the moment for the distressed debt shop to scoop up the asset class in droves isn’t here yet as global credit markets remain relatively resilient.
Danielle Poli, managing director and assistant portfolio manager of Oaktree, during a Bloomberg Television interview ahead of Bloomberg's Women, Money and Power conference in London, UK, on Wednesday, Oct. 1, 2025. The event will include debates and discussion between the world's most influential female voices in finance.
Marathon Asset Management LP is staying away from software for now as its chairman Bruce Richards predicts default rates of around 15% for two coming consecutive years.
Marathon Asset Management LP is staying away from software for now as its chairman Bruce Richards predicts default rates of around 15% for two coming consecutive years.
Bruce Richards, chief executive officer of Marathon Asset Management LP, during the Bloomberg Invest event in New York, US, on Wednesday, March 4, 2026. The conference brings together the most influential voices across asset management, banking, private capital and wealth.
Duke Energy has signed deals with Microsoft and Compass to power expansive data center complexes under construction in North Carolina as the artificial intelligence boom supercharges the demand for electricity.
Duke Energy has signed deals with Microsoft and Compass to power expansive data center complexes under construction in North Carolina as the artificial intelligence boom supercharges the demand for electricity.
BlackRock Inc.’s Rick Rieder said he’s reducing exposure to US investment-grade and high-yield bonds while increasing holdings of emerging-market debt, citing favorable valuations and a soft dollar.
BlackRock Inc.’s Rick Rieder said he’s reducing exposure to US investment-grade and high-yield bonds while increasing holdings of emerging-market debt, citing favorable valuations and a soft dollar.
Baker Hughes Co., one of the world’s biggest oilfield contractors, said it plans to double its data center equipment order target to $3 billion over a three-year period, driven by surging demand for power to run artificial intelligence.
Baker Hughes Co., one of the world’s biggest oilfield contractors, said it plans to double its data center equipment order target to $3 billion over a three-year period, driven by surging demand for power to run artificial intelligence.
Amtrak’s ridership broke records this year after the national railroad introduced new routes across the US and upgraded several cars to expand capacity.
Amtrak’s ridership broke records this year after the national railroad introduced new routes across the US and upgraded several cars to expand capacity.
Travelers board an Amtrak train in Austin on Nov. 12. Photographer: Brandon Bell/Getty Images
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