What Really Happened the Night the Nickel Market Broke
Hundreds of pages of legal filings describe how the LME sleepwalked into a crisis, unaware of a massive short squeeze centered around metals giant Tsingshan.
Bloomberg Business
Ray Dalio Lunch Auction Focused on Meditation Draws $115,000 Bid
A winning bidder in a charity auction will pay $115,000 for a chance to lunch with Bridgewater Associates founder and billionaire investor Ray Dalio.
UK Supreme Court Asked to Weigh Future Pollution at New Oil Project
The UK’s top court was asked whether the future impact of harmful emissions from extracting oil should be taken into account before permits are issued — in a case that could have far reaching implications for new fossil fuel developments in the country.
Flying Taxi Maker Races to Win Approval to Ferry Passengers Ahead of Paris Olympics
Air-taxi pioneer Volocopter GmbH is racing to obtain a key certification necessary to start ferrying passengers around the Paris Olympic Games in a year from now.
Low-Income Americans Benefit From Cheap Internet. So Do Comcast and Charter
Two years ago, US lawmakers created a $14.2 billion fund to help low-income families across America pay for internet service they would otherwise struggle to afford.
JPMorgan Taps Investment Bank Veteran to Lead the Firm’s AI Push
JPMorgan Chase & Co. named Teresa Heitsenrether head of a new data and analytics unit, part of an artificial-intelligence push that Chief Executive Officer Jamie Dimon has called “critical to our company’s future success.”
Ex-Steinhoff CEO Hit by Arrest Warrant After Trial No-Show
A German court issued an arrest warrant for Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV, after he failed to show up for trial in the country.
Money Funds See $5.5 Trillion Pile Growing as Tool Kit Expands
The US money-market industry, one of the big winners on Wall Street as the Federal Reserve hiked interest rates, is getting another lift with more tools at its disposal to attract investors and expand its unprecedented mountain of cash.
FedEx’s Profit Outlook Falls Short as Job Cuts Reach 29,000
FedEx Corp. said it cut 29,000 US jobs over the past year and issued a 2024 profit outlook that missed Wall Street’s expectations as it continues to trim costs in the face of waning package delivery demand.
Odey Funds Bleeding Assets Remain Open to Retail Investors
Funds run by Odey Asset Management and its affiliate have been facing an uncertain future after many partners started to shun the firm since new allegations of sexual assault surfaced against its founder. But they are still open for business on some retail platforms.
