Oaktree Sees 'Good Opportunities' in Credit Markets Amid Volatility

Oaktree Capital Management Portfolio Manager Danielle Poli says there's unprecedented uncertainty in markets at the moment, but the volatility presents "good opportunities" in credit. She talks with Bloomberg's Jennifer Zabasajja at the Qatar Economic Forum 2025.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Bloomberg

2 hours ago

• Bloomberg

Lone Qantas Bear Warns Rally at Risk From $13 Billion Fleet Tab

The last remaining bearish analyst covering Qantas Airways Ltd. is defying the stock's record rally, warning that the airline may yet be undone by a A$20 billion ($13 billion) bill to replace its aging fleet. Morningstar's Angus Hewitt has the only sell rating on Qantas among 16 analysts tracked by Bloomberg. He's watched on this year as shares in the Australian airline blasted through the target prices of his bullish rivals. The stock's 65% surge in the past 12 months makes Qantas the fourth-best performer on the Bloomberg World Airlines index.

Tom's Guide

3 hours ago

• Tom's Guide

Apple is reportedly considering buying Perplexity AI in iPhone maker's biggest-ever acquisition

Apple is reportedly considering its most ambitious acquisition yet: AI startup Perplexity, whose AI-driven search engine and chatbot are among the leading ChatGPT alternatives with around 15 million users. According to a new Bloomberg report this week, Apple's head of mergers and acquisitions, Adrian Perica, has been in talks with services SVP Eddy Cue and the company's top executives about a potential offer. Discussions are still in a very early stage, and Apple has yet to make a bid, but executives have met with Perplexity several times over the past few months, Bloomberg reports. Another possibility is a team-up with Perplexity, rather than an acquisition. The ultimate goal would be to integrate Perplexity's tech into an AI-based search engine or use it to make Siri smarter now that Apple's planned AI revamp for its assistant has been pushed into 2026. Similar to ChatGPT Search, Perplexity is a cross between a traditional search engine and an AI assistant. It uses large language models to comb the web to answer user queries in a conversational way, similar to interacting with a knowledgable assistant. It's also built with cross-platform accessibility in mind, so users can access its AI-powered search and assistant features on a wide range of devices. Acquiring Perplexity could be a strategic fallback for Apple if regulators force the company to end its partnership with Google. With Perplexity under its belt, Apple could accelerate the development of its own AI-powered search engine across the best iPhones, helping it close the gap with competitors like Google and Meta in the AI race. It couldn't come at a better time too. Bloomberg reported on Friday that Meta tried to scoop up Perplexity first earlier this year before moving ahead with Scale AI. At WWDC 2025, Apple was cagey about a concrete timeline for the full rollout of Apple Intelligence upgrades for Siri. It's quickly becoming clear that Apple need some outside help bringing its intended AI features to market, and Perplexity could fill that role. If a deal is reached, it'd be the largest in Apple's history. Perplexity is valued at around $14 billion, a figure that dwarfs Apple's most significant deal to date: buying Beats for $3 billion back in 2014. Get instant access to breaking news, the hottest reviews, great deals and helpful tips.

Miami Herald

5 hours ago

• Miami Herald

T-Mobile may be quietly planning a change customers will hate

T-Mobile has been losing customers left and right, with the company reporting a 5 basis point increase in customer churn year-over-year. This report came in the company's first-quarter earnings report for 2025, and it refers to the number of customers who canceled service. Rising prices on older rate plans, coupled with publishing plan prices that didn't include taxes, are some of the potential reasons why customer dissatisfaction with the uncarrier is growing. Don't miss the move: Subscribe to TheStreet's free daily newsletter Unfortunately, current and future T-Mobile customers may soon get some more bad news about the company's policies. This time, the issue is not with the cost of the monthly plans that consumers have to choose from, but is instead related to T-Mobile's payment installment programs. These programs allow consumers to finance smartphones, which most people choose to do because the upfront cost is simply too high. T-Mobile has offered installment plans on phones for over a decade, dubbing them "Equipment Installment Plans" or EIPs. But now evidence suggests the phone carrier is planning to change how these plans work, a move that could wind up being very unpopular. Image source: Bloomberg/Getty Images Since T-Mobile began offering phone financing, the company has always allowed customers to pay off their phones over a 24-month period. But a listing glitch on the company's site, coupled with information from internal sources, suggests that this will be changing very soon. According to The Mobile report, an internal T-Mobile document revealed that at least some devices would soon shift to a 36-month EIP. The website also temporarily showed a 36-month EIP plan for certain Samsung Galaxy Watches on the site's product pages. Related: T-Mobile's new partnership will ease major customer concern Both the internal document and the website changes have been removed, but they are still fueling rumors that longer payment plans are on the way. Of course, stretching out the financing time for phones and other devices would help the company to keep its customers for a longer period of time. When you finance a phone, you can't leave the carrier until the device has been paid off, unless you come up with the cash. This means T-Mobile could effectively lock in plan users for a whole extra year. While the change may be good for the company's bottom line and could offer cheaper prices for those financing their equipment, there are also some big downsides for users. If T-Mobile makes this change, the company will undermine the value proposition it offered to consumers years ago with "Phone Freedom," which allows customers more flexibility in what they do with their devices. A key part of "Phone Freedom" was a "New in Two" guarantee, which promised customers that they would be able to upgrade their devices every two years on select plans. If T-Mobile makes financing a phone a three-year commitment, users will not be able to upgrade the device or leave the carrier as quickly. Related: T-Mobile's new free phone deal is hard to beat A T-Mobile shift to a 36-month financing plan would bring the company's policies more in line with competitors, as both Verizon and AT&T lock users into financing their phones over 36 months. AT&T made the change to longer financing periods in mid-2021, and Verizon followed along eight months later. It remains to be seen whether the new T-Mobile policy will eventually go into effect, or if the internal document and website glitch were just test cases. It's also unclear whether this change will apply to all devices - some plans do offer the New in Two promise, so the company may honor that commitment. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior Ultimately, making this big change might give customers another reason to be dissatisfied. Of course, they may not be able to act on that anger if they get stuck in one of the new 36-month contracts that lock them in for the next three years. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.