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Without Price Discovery, Investors Anxious: Karoui

The $1.8 trillion private credit market is witnessing an exodus of investors after some high-profile corporate blowups led to mounting concerns over loan quality and exposure to software firms. Lotfi Karoui, multi-asset credit strategist at Pimco, joins Emily Graffeo and Matt Miller on "Bloomberg Real Yield." They discuss private credit concerns and potential opportunities for credit investors.

Read more: Without Price Discovery, Investors Anxious: Karoui
Bloomberg

South Korea to Use Excess Tax Revenue for Oil Shock Extra Budget, Says Finance Minister

South Korea will use extra tax revenue to fund a supplementary budget to cushion households and businesses from surging oil prices triggered by the Iran war, according to the nation's finance minister. "The government's top priority right now is responding to the Middle East situation in the short term, while reducing Korea's structural dependence on oil over the medium to long term," Koo Yun Cheol told Bloomberg's Shery Ahn in Tokyo.

Read more: South Korea to Use Excess Tax Revenue for Oil Shock Extra Budget, Says Finance Minister
Bloomberg

How Goodwill Trains Workers for Better Jobs

Goodwill is more than a thrift store. CEO Steven Preston joined Bloomberg Open Interest to explain how the nonprofit is tackling America's labor shortage by training workers for better-paying jobs,  while also addressing a growing AI skills gap. As inflation drives more shoppers to thrift, store revenue is up nearly 50% since pre-Covid, helping fund hundreds of millions in local workforce programs.

Read more: How Goodwill Trains Workers for Better Jobs
Bloomberg

Burlington Bets Big on Budget Shoppers

US consumers are barely opening their wallets, just a tenth of a percent spending bump in January. Gas prices are climbing. Inflation is heating up again. Household budgets are under pressure. And that's shifting where Americans shop. Burlington is betting off-price wins in this environment. The company just posted a strong quarter and says it's ready to capture the demand. Michael O'Sullivan, CEO of Burlington Stores joined Bloomberg Open Interest to talk about the environment and what's next for consumers.

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Bloomberg

Inside the $5M Ferrari Trade

Classic cars aren't just collectibles anymore,  they're becoming a serious asset class. Eden Cooper, Founder of Drift Capital, breaks down how his fund invests in the world's rarest cars, from a $5 million Ferrari F40 to a record-setting Porsche Carrera GT. As younger collectors drive demand for 90s and 2000s analog supercars, returns are topping 30%, reshaping the alternative investment landscape.

Read more: Inside the $5M Ferrari Trade