#Bloomberg Terminal

[signode-blog]

Mastering Relative Volatility Trading: A Comprehensive Guide

Trading in financial markets can be daunting, especially with the plethora of strategies available. One of the sophisticated yet effective methods is trading based on relative volatility. This approach helps traders understand market movements better and make more informed decisions. In this detailed guide, we’ll delve into the concept of relative volatility, its significance, how to calculate…

[cryptoadznft]

Lorenzo and Tyler Culberston are working towards introducing a broad-based lasagna commodities index to be added to the NASDAQ Exchange in 2024

[wisteriagoesvroom]

got jumpscared by these ‘cus it looks like he is a junior analyst at an investment bank

from mclaren’s ig

[thahxa]

so polymarket has like. comments for each market, and im sure its somewhat useful (to give info related to it, etc.)

but i also think that tradfi markets should do this too, because it would be funny. could you imagine the shittalking in ES, the hive of retail activity in meme stocks, the kind of semiprofessional shitposting in SOFR futures? we're missing out

[dostoyevsky-official]

Musk’s DOGE Teen Was Fired By Cybersecurity Firm for Leaking Company Secrets

Edward Coristine, a 19-year-old member of Elon Musk’s squad that’s criss-crossing US government agencies, was fired from an internship after he was accused of sharing information with a competitor. “Edward has been terminated for leaking internal information to the competitors,” said a June 2022 message from an executive of the firm, Path Network, which was seen by Bloomberg News. “This is unacceptable and there is zero tolerance for this.” Afterward, Coristine wrote that he’d retained access to the cybersecurity company’s computers, though he said he hadn’t taken advantage of it. “I had access to every single machine,” he wrote on Discord in late 2022, weeks after he was dismissed from Path Network, according to messages seen by Bloomberg. Posting under the name “Rivage,” which six people who know him said was his alias, Coristine said he could have wiped Path’s customer-supporting servers if he’d wished. He added, "I never exploited it because it's just not me." His comments, made in a Discord server focused on another competitor company, worried executives at Path Network, who believed there was no legitimate reason for a former employee to access their machines, according to a person familiar with the incident. The person asked not to be named, citing the sensitivity of the matter. [...] In meetings at the US Agency for International Development and the General Services Administration, Coristine and other colleagues have discussed how they can use that data to potentially replace government employees with artificial intelligence and train chatbots to do the work. [...] Coristine regularly posted on both Discord and the messaging service Telegram in 2021 and 2022, when he was under 18. His posts are a mix of discussions about Path Network, coder-talk and lewd insults. [...] JoeyCrafter was a member of Telegram groups called “Kiwi Farms Christmas Chat” and “Kiwi Farms 100% Real No Fake No Virus,” both referencing an online forum known for harassment campaigns. Typically, the site has been used to share the personal information of a target, encouraging others to harass them online, in-person, over the phone or by falsely alerting police to a violent crime or active shooter incident at their home. In online messages, the aliases that investigators said Coristine uses have regularly discussed free speech and internet providers’ role in keeping websites online, including one that hosted the neo-Nazi site the Daily Stormer.

these people have access to your SSN, your medicaid, your relatives' medicare, everyone's medical history, etc

[frogressive]

Bloomberg: US Forest Service to Terminate 3,400 Workers.

[yorickish]

public restroom in a New York City park somewhere with a functional Bloomberg terminal in the stall

[justinspoliticalcorner]

Dave Jamieson at HuffPost:

President-elect Donald Trump said Monday that he plans to fire federal employees who continue to telework rather than show up in person at government agencies. “If people don’t come back to work, come back into the office, they’re going to be dismissed,” Trump said in a press conference at his Mar-a-Lago club in Palm Beach, Florida. Trump and his advisers have said they want to institute mass layoffs in the federal workforce and will strip away remote work options so that people quit. But firing federal employees for working from home is easier said than done, since many federal union contracts allow for remote or hybrid work schedules. The incoming president lashed out at such arrangements and appeared to reference a new deal reached between the Social Security Administration and the union representing more than 40,000 employees. Social Security Commissioner Martin O’Malley, an appointee of President Joe Biden, recently agreed to a contract that extends telework scheduling into 2029, Bloomberg reported.

[...] Like other workplaces, many federal agencies instituted remote work during the pandemic and have not fully returned to in-office scheduling. A lot of workers cherish the flexibility, so their unions have been trying to lock in hybrid arrangements in their collective bargaining agreements. The president-elect’s new “Department of Government Efficiency,” an advisory body run by Trump allies Elon Musk and Vivek Ramaswamy, is already recommending remote scheduling be taken away. Musk and Ramaswamy have openly said the aim is to prompt federal workers to resign. (Editor’s note: Ramaswamy owns a stake in HuffPost’s parent company, BuzzFeed.) “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the pair recently wrote in The Wall Street Journal.

Deluded fascist lunatic Donald Trump endorses firings of government employees who refuse to return to in-person office work.

This is nothing more than an attack on workers’ rights and tool to erode morale at work.

[mariacallous]

Last week, during an appeals-court hearing dealing with the unlawful firing of Gwynne Wilcox, an N.L.R.B. member Trump targeted in February, a Justice Department lawyer was forced to confront the reality that Humphrey’s Executor remains the law of the land—the President’s wishes notwithstanding. Applying that nearly century-old precedent, U.S. District Judge Beryl Howell, who reinstated Wilcox and declared her firing unlawful, couldn’t help but note in her ruling that the President’s actions were monarchic in nature. “A President who touts an image of himself as a ‘king’ or a ‘dictator,’ perhaps as his vision of effective leadership, fundamentally misapprehends the role under Article II of the U.S. Constitution,” Howell wrote, in reference to a White House post on X which depicted Trump with a crown on his head alongside the words “LONG LIVE THE KING.”

That’s the natural end point of Roberts’s vision of Presidential supremacy. In this vision, no one who exerts even a modicum of oversight or authority under some law is safe—not inspectors general (fired), not the head of the Office of Special Counsel (fired), not any of the members of independent agencies Trump doesn’t care for, like Wilcox, Bedoya, or Slaughter (fired, fired, and fired). The apolitical Civil Service isn’t spared, either. “Article II of the United States Constitution vests the President with the sole and exclusive authority over the executive branch, including the authority to manage the Federal workforce to ensure effective execution of Federal law,” reads an order Trump signed ahead of mass firings at agencies across the government. In urging a Maryland federal judge to limit a ruling ordering the reinstatement of thousands of wrongfully terminated probationary employees, the Justice Department echoed this theme, requesting a decision that is “narrowly tailored to preserve the Executive’s authority to exercise its Article II authority over the Executive Branch.” Speaking with Bloomberg after her dismissal, Slaughter observed that not even the chairman of the Federal Reserve Board is safe under the maximalist regime Trump is advancing. “There is no legal difference between Jerome Powell and me,” she said. “If the president can legally remove me, he can legally remove Jerome Powell.”

That’s not even touching what’s happening at the Department of Justice and the F.B.I., where Trump is undoubtedly seizing on Roberts’s generous language in the immunity decision to install loyalists, fire career officials and others involved in the January 6th prosecutions, and micromanage investigations. By implication, all of these actions bear the Chief Justice’s stamp of approval—and, because they’re seen as part of the President’s “core constitutional powers,” neither Congress nor the courts can do anything about it. The President enjoys “exclusive authority over the investigative and prosecutorial functions of the Justice Department and its officials,” according to Roberts’s decision in Trump v. United States. As Jack Goldsmith, a scholar of executive power, has pointed out, the real import of Roberts’s language here is not that it gave Trump a shield from prosecution (though that was the immediate result); the ruling gave Trump a “sword” to brandish across the executive branch—which is exactly why laws, institutions, and what remains of the constitutional order are being slashed to bits in Trump’s Washington now. 

How John Roberts Has Empowered a Lawless Presidency

[meret118]

The mishap marks the second time a Starship vehicle has broken up after ascending to space, disintegrating into a shower of sparks caught in multiple videos on social media. The last such loss was on Jan. 16, after which the FAA required SpaceX to conduct a mishap investigation.

Last week, the agency lifted that prohibition, saying SpaceX could launch while the agency continues its oversight into the Jan. 16 mishap. The FAA on Thursday said it’s requiring a new mishap investigation of the latest flight.

[dertaglichedan]

Trump Nukes All Govt-MSM Contracts After Politico Firestorm, Will Axe 97% Of USAID Staff

In light of the firestorm over tens of millions of dollars going from the US government to various media outlets in the form of subscriptions, particularly Politico, President Trump has directed the General Services Administration to terminate "every single media contract" expensed by the agency, according to an email obtained by Axios.

"GSA team, please do two things," the email begins.

Pull all contracts for Politico, BBC, E&E (Politico sub) and Bloomberg

Pull all media contracts for just GSA - cancel every single media contract today for GSA only.

The move comes after internet sleuths discovered tens of millions of dollars going towards Politico Pro subscriptions, with particular focus on one $8 million allocation.

On Wednesday, White House Press Secretary Karoline Leavitt said that the executive branch would cancel their contract with Politico...

[senatortedcruz]

senator do you think it's possible to get a finance job without having a finance/econ background? i want to be an ipad baby on the bloomberg terminal too

Yes I do actually! Girly pop who sits next to me at my job has an engineering background. She was hired as an intern back before my time because my company needed a programmer. So take whatever background you have and make it work for you!

[thetheatrebrassiere]

i think the downfall of blogs and snark in general kind of caused whatever the fuck has happened to happen, along with quite a lot more. but having an outlet to mock things and then mock the mockery seems bizarrely almost healthy in retrospect, somehow, even though some of it (cough cough gawker outing thiel and the hulk hogan thing) led DIRECTLY to what has occurred since. it’s weird. it’s like it contained the cynicism or something and now EVERYTHING is cynical and jaded and pretentious. i’m sure it always was and i’m just understanding it more now plus not feeling so special for being the above while a young teen but my god. i used to have to seek out dark shows and now i cannot turn on any streaming service without finding nothing but it now. old woman yelling at cloud and all but something really did crack around 2015-2016 in the collective psyche. yes the election but something cracked to lead to it yknow. i can throw out plenty of theories and there is no one root cause but man alive. it’s so bizarre to see the… hope? of 2010-2014 now. i grew up with obama/mccain being my first ‘real’ election though (supported kerry when i was a child but i was also like in second grade) and obsessively tracked the tea party and was REALLY cynical that obama would be assassinated in office because of it (thank god that didn’t actually happen) and used to read like. time, newsweek, bloomberg etc in the school library during lunch (and once tried to read the fountainhead when cycling through books out of curiosity and gave up on it. also gave up on infinite jest. much preferred reading like a clockwork orange, lolita, the handmaid’s tale, red tent, the virgin suicides, middlesex, geek love etc and NEVER gave up on books which is why i’m mentioning that) and gawker/jezebel on my phone during latin class so i unfortunately knew way too much in real time. terminally online far before that was officially named. life was better when the internet was contained to the internet but unfortunately it really is just completely integrated now. ugh. twitter is very largely to blame for this btw and obviously everything pivoting to video. but there’s a lot of blame to go around, i’m not free from it, and i would rather shut up now and drink my birthday wine and listen to whatever is playing, which seems to be say it right by nelly furtado. nothing matters and yet everything does or whatever

[rjzimmerman]

Excerpt from this story from Nation of Change:

The Trump administration is rapidly expanding a campaign of retaliation and intimidation against nonprofits across the United States, with threats ranging from the revocation of tax-exempt status to the embedding of government agents in independent organizations. Harvard University is now at the center of what critics say is a broader effort to dismantle civil society, as the administration threatens to strip the Ivy League institution of its 501(c)(3) status following its refusal to comply with political demands.

CNN first reported that the Internal Revenue Service, now led by an interim commissioner aligned with President Donald Trump, is weighing whether to revoke Harvard’s tax exemption. The move came shortly after Trump wrote on Truth Social, “Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting ‘Sickness?’”

The president’s threat followed Harvard’s rejection of several administration demands, including a call to derecognize pro-Palestine student groups, audit academic programs for viewpoint diversity, and expel students involved in a 2023 protest on the Harvard Business School campus.

The legal and constitutional implications are drawing alarm from lawmakers and civil liberties experts. Senator Ron Wyden (D-Ore.), chair of the Senate Finance Committee, said, “The First Amendment and federal tax law make clear no president can raise a university’s taxes because he doesn’t like what they teach.” He warned, “If this corrupt shakedown scheme stands, nonprofits from churches to temples to hospitals could be forced to echo Trump’s MAGA line or see their taxes hiked. Any Republican who claims to believe in the Constitution and doesn’t speak up is responsible for what happens next.”

Representative Jerry Nadler (D-N.Y.) called the threat “bullshit” and said, “This deeply disturbing and blatantly unlawful action is Trump’s latest foray in his war to politicize higher education and degrade any institution that refuses to bend the knee.”

Harvard is not alone. The administration’s attack on nonprofit independence is expanding through an agency known as the Department of Government Efficiency (DOGE), led by Tesla and SpaceX CEO Elon Musk. The Vera Institute of Justice, a nonprofit focused on criminal justice reform, revealed that DOGE attempted to embed federal agents within its operations, citing its past receipt of federal grants. Though the group’s legal team successfully pushed back—after noting its grants had been terminated—DOGE reportedly informed Vera that its plan was part of a broader strategy to “assign DOGE teams to every institute or agency that has congressional monies appropriated to it.”

Vera president Nick Turner said, “We are sharing this information broadly with other nonprofits that receive federal funding—so they can be aware of DOGE’s plan to assign teams to investigate their operations.” Turner called it “this latest intimidation tactic targeting private, independent mission-driven organizations and undermining civil society.”

Climate organizations and environmental groups now fear they are next. Several groups are preparing for what they believe could be a targeted executive action against them on Earth Day. “There’s lots of rumors about what terrible thing [Trump] wants to do on Earth Day, to just give everybody the middle finger,” said Brett Hartl of the Center for Biological Diversity. Bloomberg Law reported that legal teams at environmental organizations are preparing for possible revocation of tax-exempt status or funding seizures. In some cases, sources said, groups fear being labeled as “domestic terrorists.”

Kieran Suckling, executive director for the Center for Biological Diversity, said his organization would take legal action if attacked. Bill McKibben, environmentalist and founder of 350.org, said, “It was perhaps inevitable that Trump and his team would target us; together we’ve been making life harder for his clients in the fossil fuel industry. And in the new America, if you don’t knuckle under you get a knuckle sandwich. Figuratively speaking. One hopes.”

[theknightlywolfe]

"Edward Coristine, the youngest of Elon Musk’s DOGE whiz kids at 19 years old, was previously fired from an internship after he allegedly leaked a data security firm’s sensitive information to its competitor, a Bloomberg report reveals.

In a June 2022 message reviewed by Bloomberg, an executive with Path Network confirmed that Coristine “has been terminated,” and called his behavior “unacceptable.” The exec added, “There is zero tolerance for this.”"

These kids now have access to federal employee's personal identifying data, their paychecks, and the Treasury Dept.

[collapsedsquid]

The White House has directed the General Services Administration to terminate "every single media contract" expensed by the agency, according to an email obtained by Axios. What they're saying: "GSA team, please do two things," a Trump administration official wrote:

Pull all contracts for Politico, BBC, E&E (Politico sub) and Bloomberg

No more bloomberg terminal access for government employees, love that State Capacity.