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Private Credit’s Sketchy Marks Get Warning Shot From Top DOJ Cop

Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers.

Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing firms value private assets in their portfolios are drawing increasing attention from market participants, academics — and, now, the Department of Justice, according to Jay Clayton, the head of its Manhattan outpost. “There are definitely some areas of concern for me in private markets,” Clayton said in an interview. “People should know that the financial...
Bloomberg MarketsNov 25, 11:27 PM
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Oil Holds Near Month-Low as Trump Hails Progress on Ukraine Deal

Oil steadied after closing at a one-month low on signs a Ukrainian peace deal is getting closer, a development that could herald the removal of curbs on Russian crude just as a global glut looms.

Oil steadied after closing at a one-month low on signs a Ukrainian peace deal is getting closer, a development that could herald the removal of curbs on Russian crude just as a global glut looms.
Bloomberg MarketsNov 25, 11:25 PM
CAP

Oil Gains, Recouping Losses after Trump Touts Ukraine Progress

Oil crept higher alongside global equities, bouncing off a one-month low as the White House signaled optimism about a peace deal between Russia and Ukraine, which could bring back Moscow’s barrels into an already saturated market.

Oil crept higher alongside global equities, bouncing off a one-month low as the White House signaled optimism about a peace deal between Russia and Ukraine, which could bring back Moscow’s barrels into an already saturated market.
Bloomberg MarketsNov 25, 11:25 PM
CAP

Enhanced Games to Go Public in $1 Billion US SPAC Merger

The Enhanced Games, an Olympics-style sports event that welcomes performance-enhancing drugs and backed by billionaire Peter Thiel, is in advanced talks to go public through merging with special purpose acquisition company A Paradise Acquisition Corp.

The Enhanced Games, an Olympics-style sports event that welcomes performance-enhancing drugs and backed by billionaire Peter Thiel, is in advanced talks to go public through merging with special purpose acquisition company A Paradise Acquisition Corp., people familiar with the matter said.
Bloomberg MarketsNov 25, 11:17 PM
CAP

Omaha Steaks CEO: Building Domestic Herd Key for Demand

Nate Rempe, Omaha Steaks CEO, says rebuilding the domestic cattle herd is essential to meeting U.

Nate Rempe, Omaha Steaks CEO, says rebuilding the domestic cattle herd is essential to meeting U.S. demand for beef and lowering costs, noting that imports help but aren’t a “silver bullet.” He speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
Bloomberg MarketsNov 25, 11:03 PM
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A $1 Billion Hong Kong Endowment Forays Into Private Investment

A publicly funded university in Hong Kong plans to increase its private investments to about 10% of its endowment portfolio, as part of a strategy to diversify from volatility in public markets.

A publicly funded university in Hong Kong plans to increase its private investments to about 10% of its endowment portfolio, as part of a strategy to diversify from volatility in public markets.
Bloomberg MarketsNov 25, 11:00 PM
CAP

Chinese Bonds See No Haven Demand From Stock Losses on PBOC Bets

China’s stock and bond markets are decoupling, breaking the inverse correlation where debt traditionally rises when equities fall, as bets on monetary easing take a backseat.

China’s stock and bond markets are decoupling, breaking the inverse correlation where debt traditionally rises when equities fall, as bets on monetary easing take a backseat.
Bloomberg MarketsNov 25, 11:00 PM
CAP

"CEO Ready" Co-Authors on Turnover, Co-CEO Pros and Cons

Byron Loflin, Nasdaq’s Global Head of Board Advisory, and Mark Thompson, executive coach to leaders at Google, Apple and Pfizer, discuss their new book “CEO Ready,” including what makes an effective leader and the pros and cons of the co-CEO model.

Byron Loflin, Nasdaq’s Global Head of Board Advisory, and Mark Thompson, executive coach to leaders at Google, Apple and Pfizer, discuss their new book “CEO Ready,” including what makes an effective leader and the pros and cons of the co-CEO model. They speak with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
Bloomberg MarketsNov 25, 10:57 PM
REG

Hegseth Ramps Up Attacks on Kelly Over Unlawful Orders Video

Defense Secretary Pete Hegseth ramped up his attack on Senator Mark Kelly, taking to social media to deride him for purportedly displaying his uniform medals incorrectly a day after a probe into the Arizona Democrat was announced.

Defense Secretary Pete Hegseth ramped up his attack on Senator Mark Kelly, taking to social media to deride him for purportedly displaying his uniform medals incorrectly a day after a probe into the Arizona Democrat was announced.
Bloomberg PoliticsNov 25, 10:48 PM
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Gary Vaynerchuk: Interested in Collectibles Over Tesla

Gary Vaynerchuk, Chairman of VaynerX, says collecting is becoming a mainstream lifestyle category, alongside fashion, music, and sports.

Gary Vaynerchuk, Chairman of VaynerX, says collecting is becoming a mainstream lifestyle category, alongside fashion, music, and sports. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects the trend to accelerate over the next five to ten years. (Source: Bloomberg)
Bloomberg MarketsNov 25, 10:44 PM
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Mastercard's Michelle Meyer: Consumers 'Ready to Shop'

Michelle Meyer, Chief Economist at Mastercard Economic Institute, says consumers remain engaged and ready to shop this holiday season.

Michelle Meyer, Chief Economist at Mastercard Economic Institute, says consumers remain engaged and ready to shop this holiday season. She tells Katie Greifeld and Romaine Bostick on “The Close” that while spending can be volatile, she expects consumers to stay active in the economic cycle. (Source: Bloomberg)
Bloomberg MarketsNov 25, 10:39 PM
CAP

Asian Stocks Extend Gains on Fed Rate-Cut Bets: Markets Wrap

Asian stocks extended their gains into a third day, tracking advances on Wall Street as weak US consumer data lifted bets on a Federal Reserve interest-rate cut next month.

Asian stocks extended their gains into a third day, tracking advances on Wall Street as weak US consumer data lifted bets on a Federal Reserve interest-rate cut next month.
Bloomberg MarketsNov 25, 10:36 PM
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Stock Rally Extends on Fed Bets, Dollar Weakens: Markets Wrap

Global equities extended their rally into a fourth day as bets on a Federal Reserve interest-rate cut increased, fueled by weak US consumer data and the emergence of a pro–rate-cut official as the potential next head of the central bank.

Global equities extended their rally into a fourth day as bets on a Federal Reserve interest-rate cut increased, fueled by weak US consumer data and the emergence of a pro–rate-cut official as the potential next head of the central bank.
Bloomberg MarketsNov 25, 10:36 PM