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CAP

Tricolor Trustee Plans to Sue Founder for Auto Dealer’s Collapse

Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing.

Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing.
Bloomberg Markets • Dec 10, 9:35 PM
CAP

Tricolor Trustee Plans to Sue Bankrupt Auto Dealer’s Founder

Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder, who the trustee alleges was at the center of a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing.

Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder, who the trustee alleges was at the center of a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing.
Bloomberg Markets • Dec 10, 9:35 PM
REG

US to Start Accepting ‘Gold Card’ Visa Applications, Trump Says

President Donald Trump said his administration is accepting applications for his “Gold Card” visa program starting Wednesday, touting the effort as critical to helping businesses hire foreign-born graduates of American universities.

President Donald Trump said his administration is accepting applications for his “Gold Card” visa program starting Wednesday, touting the effort as critical to helping businesses hire foreign-born graduates of American universities.
Bloomberg Politics • Dec 10, 9:30 PM
CAP

Fed Cuts Rates With Three Dissents, Projects One Cut in 2026: Fed Special

Lisa Abramowicz and Tom Keene break down Fed Chair Jerome Powell's comments to reporters after the Federal Reserved delivered its third consecutive interest rate cut.

Lisa Abramowicz and Tom Keene break down Fed Chair Jerome Powell's comments to reporters after the Federal Reserved delivered its third consecutive interest rate cut. Two regional Fed presidents — Austan Goolsbee from Chicago and Jeff Schmid from Kansas City — dissented in favor of keeping rates unchanged and recent appointee Stephen Miran dissented in favor of a larger, half point cut. Powell told reporters that while inflation has eased, it remains 'somewhat elevated.' (Source:...
Bloomberg Markets • Dec 10, 9:30 PM
REG

Trump Says Fed Should Have Cut Rates by Even More

President Donald Trump says a quarter-point rate cut by the Fed is not enough.

President Donald Trump says a quarter-point rate cut by the Fed is not enough. Trump called that “a rather small number that could have been doubled, at least doubled,” and criticized Powell as a “stiff” and a “dead head.” The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate to a range of 3.5%-3.75%. (Source: Bloomberg)
Bloomberg Politics • Dec 10, 9:29 PM
CAP

SpaceX is eyeing a $1.5 trillion valuation. That’s good news for Google.

Google-parent Alphabet bet in SpaceX appears to have paid off in a big way, as it invested in the company 10 years ago when it was believed to be worth just $10 billion.

Google-parent Alphabet bet in SpaceX appears to have paid off in a big way, as it invested in the company 10 years ago when it was believed to be worth just $10 billion.
MarketWatch - Top Stories • Dec 10, 9:24 PM
CAP

PE Behemoth CVC Names Rutland President as Part of Biggest-Ever Promotions Group

CVC Capital Partners Plc promoted Peter Rutland to be president as the private capital behemoth beefs up its top ranks less than two years into its life as a publicly traded company, according to people familiar with the matter.

CVC Capital Partners Plc promoted Peter Rutland to be president as the private capital behemoth beefs up its top ranks less than two years into its life as a publicly traded company, according to people familiar with the matter.
Bloomberg Markets • Dec 10, 9:22 PM
REG

Venezuela's Opposition leader Machado awarded Nobel Prize

nat sound up show ceremony, crowd, woman at podium, pic of machado (its machado's daughter accepting the nobel) SOURCE: Production NRK Norway Nobel Peace Prize 10092005 (Source: Bloomberg).

nat sound up show ceremony, crowd, woman at podium, pic of machado (its machado's daughter accepting the nobel) SOURCE: Production NRK Norway Nobel Peace Prize 10092005 (Source: Bloomberg)
Bloomberg Politics • Dec 10, 9:12 PM
CAP

Argentina Stages Market Comeback With Local Dollar Bond Sale

Argentina sold local-law dollar bonds in a move seen as a first test of a planned comeback to global credit markets as Javier Milei’s administration seeks funding to meet hefty sovereign debt payments coming due next year.

Argentina sold local-law dollar bonds in a move seen as a first test of a planned comeback to global credit markets as Javier Milei’s administration seeks funding to meet hefty sovereign debt payments coming due next year.
Bloomberg Markets • Dec 10, 9:05 PM
CAP

Jeffrey Rosenberg's Three Takeaways From the Fed Decision

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, discusses his three takeaways from the Federal Reserve's third consecutive interest-rate reduction.

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, discusses his three takeaways from the Federal Reserve's third consecutive interest-rate reduction. The Fed lowered the benchmark federal funds rate to a range of 3.5%-3.75%. (Source: Bloomberg)
Bloomberg Markets • Dec 10, 9:05 PM