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Hagerty Chairman and CEO McKeel Hagerty joined Bloomberg Open Interest to explain how the company transformed from a niche insurance provider into a collector-car empire powered by media, memberships, and auctions. He discusses the coming $570 billion wealth transfer in collector vehicles, the surge in Ferrari values, and why electric vehicles could become the next sought-after collectible.
(Source: Bloomberg)
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Bloomberg Markets
Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream.
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Bloomberg Markets
The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands.
Columbia Business School Professor and Partner at Silver Point Capital, Michael Gatto discusses his take on the First Brands drama, as well as advice for young professionals in credit and distressed markets. (Source: Bloomberg)
Bloomberg Markets
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations and shield them from frequent blackouts on the nation’s ill-maintained electricity grid.
MarketWatch
“I have steadily increased my assets by more than 10% since being laid off.”
Bloomberg Markets
EasyJet's rejection of a reported Castlelake takeover approach sparks a bigger debate: Are UK-listed companies undervalued? Bloomberg's Silas Brown joins Bloomberg Open Interest to explain why a private credit giant is interested in aviation deals and reveals that private credit markets remain flooded with cash despite growing geopolitical and inflation concerns. (Source: Bloomberg)
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Bloomberg Markets
On this episode of Stock Movers with Alexis Christoforous:
- Victoria's Secret (VSXY) shares are soaring after the lingerie maker, now trading under symbol VSXY, reports profit metrics and net sales for its first quarter that topped expectations, including adjusted operating income that was nearly twice the consensus estimate. Management boosted its annual forecasts.
- Hewlett Packard Enterprise (HPE) shares are higher in early trading after the company gave an outlook for annual sales that to
Bloomberg Markets
Jeff Aronson was working as a lawyer at LF Rothschild when the 1987 stock market crash put the firm out of business. In this conversation with David Rubenstein, the Centerbridge Co-Founder explains how that setback led him to a career in investing and eventually to Angelo Gordon. Aronson sits down with David Rubenstein for the premiere episode of Bloomberg Wealth Season 6. This interview was recorded April 28 in New York. (Source: Bloomberg)
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