Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant's footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%. Liana Baker, US deals managing editor, joins Dani Burger on "Bloomberg Deals."
"Personally i believe he will stay on past the midterm elections," Bob Michele, JPMorgan Asset Management's global head of fixed income, says about Federal Reserve Chair Jerome Powell staying at the central bank.
The Federal Reserve leaves interest rates unchanged, but still expects one cut in 2026. The vote was 11-1 to hold the benchmark in a range of 3.5% to 3.75%. Bloomberg's Michael McKee has the decision.
Lincoln International CEO Rob Brown joins Dani Burger on "Bloomberg Deals." Chicago investment bank Lincoln International does valuations for about a third of all US private credit loans. Brown says the underlying data on private credit does not match the recent wave of negative headlines about the sector.
Bob Michele, JPMorgan Asset Management's global head of fixed income, reacts to the decision by the Federal Reserve's policy-setting Federal Open Market Committee to leave interest rates unchanged.
Paula Steele, director at John Lamb Hill Oldridge, talks about passing along an inheritance. She speaks to Bloomberg's Merryn Somerset Webb at an event for Bloomberg.com subscribers in London on March 18.
Health-care costs are outpacing wages and most Americans aren't ready for a medical emergency. HealthEquity CEO Scott Cutler says the solution could lie in health savings accounts, which are changing how people spend and plan for care. HealthEquity is the nations largest HSA provider. But even with strong growth, investor fears around AI and the job market are dragging the sector down. So innovation is now at the center of fixing America's health-care affordability crisis.
Kalshi CEO Tarek Mansour discusses the criminal charges filed against the company in Arizona and defends the prediction market's business model, saying it is not gambling. Mansour speaks with Tim Stenovec on "Bloomberg Tech."
Pimco President Christian Stracke addresses the growing concerns in the private credit market. Speaking on "Bloomberg Open Interest," Stracke says there's a "cooling" in the private credit market, signaling caution for investors and market participants.
Senator Rand Paul, a Republican, challenges fellow Republican Senator Markwayne Mullin, the nominee to lead the Department of Homeland Security, about his "anger issues." Paul questions if Mullin has the right temperament for the job during his confirmation hearing.
Pimco President Christian Stracke says the company is staying away from loans being put up for sale amid the tumult in the $1.8 trillion private credit market during an interview on "Bloomberg Open Interest.
Pimco President Christian Stracke says there will be losses in the software space due to AI during an interview on "Bloomberg Open Interest."
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