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Ex-Commodities Trader Gets 3 Years in Prison for Hiding Losses

A fomer commodities trader in Houston was ordered to spend three years behind bars after admitting to hiding hundreds of millions of dollars in losses from his employer to secure a hefty bonus.

A fomer commodities trader in Houston was ordered to spend three years behind bars after admitting to hiding hundreds of millions of dollars in losses from his employer to secure a hefty bonus.
Bloomberg Markets • Nov 25, 5:50 PM
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Commodities Trader Gets 3 Years in Prison for Hiding Losses

A former commodities trader in Houston was ordered to spend three years behind bars after admitting to hiding hundreds of millions of dollars in losses from his employer to secure a hefty bonus.

A former commodities trader in Houston was ordered to spend three years behind bars after admitting to hiding hundreds of millions of dollars in losses from his employer to secure a hefty bonus.
Bloomberg Markets • Nov 25, 5:50 PM
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Blue Owl’s Trifecta of Market Worries

Private credit, AI and the flightiness of wealthy individuals: Blue Owl Capital Inc.

Private credit, AI and the flightiness of wealthy individuals: Blue Owl Capital Inc. is the sum of all investor fears, explains Bloomberg Opinion columnist Paul J. Davies. (Source: Bloomberg)
Bloomberg Markets • Nov 25, 5:44 PM
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What to Watch in Commodities as US Pushes Ukraine Peace Deal

Fresh efforts to end the war in Ukraine are putting renewed scrutiny on what will happen to the flow of multiple raw materials that have been upended by the near-four-year conflict.

Fresh efforts to end the war in Ukraine are putting renewed scrutiny on what will happen to the flow of multiple raw materials that have been upended by the near-four-year conflict.
Bloomberg Markets • Nov 25, 5:23 PM
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US Stocks Oscillate as Tech Shares Pare Drop

David Rosenberg, founder at Rosenberg Research, discusses the market outlook while awaiting the latest Fed decision.

David Rosenberg, founder at Rosenberg Research, discusses the market outlook while awaiting the latest Fed decision. US stocks wavered after the tech sector trimmed the sharp decline it suffered earlier in the session as traders contended with the AI chip rivalry between Nvidia Corp. and Alphabet Inc. The S&P 500 swung between modest gains and losses while the Nasdaq 100 pared its 1.3% drop. Markets are on shaky ground Tuesday after a deluge of delayed...
Bloomberg Markets • Nov 25, 5:01 PM
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Hassett Emerges as Frontrunner in Trump Fed Chair Audition

White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.

White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
Bloomberg Politics • Nov 25, 5:00 PM
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Stellantis Swings Output to Fiat 500 Hybrid in Italy Renaissance

Stellantis NV will produce some 100,000 hybrid Fiat 500s at its Mirafiori plant next year, giving a lifeline to the historic center of Fiat Spa, as the manufacturer makes good on a pledge to bolster output in Italy.

Stellantis NV will produce some 100,000 hybrid Fiat 500s at its Mirafiori plant next year, giving a lifeline to the historic center of Fiat Spa, as the manufacturer makes good on a pledge to bolster output in Italy.
Bloomberg Markets • Nov 25, 4:48 PM