U.S. government debt passes $40 trillion, more than doubling in a decade
No Description
Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip
Bitcoin's steepest daily gain since March caught traders off guard, and Myr…
Bitcoin's steepest daily gain since March caught traders off guard, and Myriad's pump-or-dump market swung from 70-30 odds to nearly even in a single day.
Asian Stocks to Gain as US Treasury Supports Bonds: Markets Wrap
Asian stocks were set to rebound, tracking Wall Street’s broad gains after US of…
Asian stocks were set to rebound, tracking Wall Street’s broad gains after US officials said they plan to boost buybacks of longer dated Treasuries to help ease borrowing costs following a surge in yields to near multi-decade highs.
Australia 'outraged' after Israeli decision not to prosecute over killing of aid worker in Gaza
Foreign minister says she will summon Israeli ambassador over 'insulting�…
Foreign minister says she will summon Israeli ambassador over 'insulting' Zomi Frankcom decision.
Latest Oil Market News and Analysis for Aug. 19
Oil held a four-day run of gains as traders assessed the standoff in the Middle …
Oil held a four-day run of gains as traders assessed the standoff in the Middle East between Iran and the US, with signs some crude is being shipped through the Strait of Hormuz to global markets.
Hong Kong Banks Turn to Student Housing as Property Bright Spot
The aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent week…
The aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent weeks it’s become a popular destination for bankers from some of the city’s top lenders, some of whom made repeat visits.
Bessent Becomes Most Interventionist Treasury Chief in Decades
With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the …
With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades — putting his credibility on the line in an effort to quell a potentially damaging rise in US borrowing costs.
Trump Says AI Could Be 'Bigger Than the Internet' as He Pushes Light-Touch Regulation
The president said the U.S. is far ahead of China in artificial intelligence and…
The president said the U.S. is far ahead of China in artificial intelligence and defended the rapid construction of data centers and power plants needed to fuel the industry.
Ecuador intelligence chief and five Americans killed in Kenya helicopter crash
Michele Sensi-Contugi, and his wife Stephany Hollihan among the seven people kil…
Michele Sensi-Contugi, and his wife Stephany Hollihan among the seven people killed in the crash.
Bets on Long-Bond ETF Spiked a Day Before US Announced Buyback
One or more investors piled into an exchange-traded fund that’s highly sensitive…
One or more investors piled into an exchange-traded fund that’s highly sensitive to swings in long-term US bond yields on Tuesday, a day before the Treasury Department unexpectedly ramped up buybacks of long-dated debt and sparked a rally.
Trump bemoans Fed interest rate policy, says U.S. should be paying much less
As he has done in the past, Trump accused Fed officials of having political moti…
As he has done in the past, Trump accused Fed officials of having political motives.
I’m a Harvard Professor. Grade Inflation Is Real
Have grades lost their meaning? Harvard professor and Bloomberg Opinion columnis…
Have grades lost their meaning? Harvard professor and Bloomberg Opinion columnist Noah Feldman weighs in on Harvard and University of Michigan’s recent grade policies. (Source: Bloomberg)
Carvana shares are under pressure this week as Mark Walter probe fuels investor jitters
The scrutiny raised questions about what could happen to Walter's Carvana p…
The scrutiny raised questions about what could happen to Walter's Carvana position if fallout from the investigation pressures him to raise cash.
Sacked Ukrainian defence minister calls for presidential election
Martial law has been in place in Ukraine since February 2022, under which electi…
Martial law has been in place in Ukraine since February 2022, under which elections are suspended.
Cancer vaccine from Moderna, Merck shows promise in late-stage trial; both stocks soar
The combination regimen significantly extended the time patients lived without t…
The combination regimen significantly extended the time patients lived without their melanoma returning, compared with Keytruda alone.
Mark Walter Explores Selling Stake in Chelsea FC
Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals.&qu…
Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." Billionaire CEO of Guggenheim, Mark Walter, has explored selling his stake in Chelsea FC to Clearlake Capital, the majority owner of the London-based football club. This comes just after Walter's record-breaking sale of the Los Angeles Lakers to Josh Kushner and Bob Iger for a price of $12.5 billion. (Source: Bloomberg)
Moderna Surges as Stocks Rise & Long-Term Yields Retreat | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Tele…
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Emily Graffeo. (Source: Bloomberg)
Trump Opens Door to Hyperliquid as US Pulls Crypto Trade Onshore
President Donald Trump said US regulators are working to bring Hyperliquid, a fa…
President Donald Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry’s offshore market infrastructure onshore.
Crypto investors may be underestimating the next wave of growth — Bitwise
Crypto investors may be underestimating the scale of the industry’s next growth …
Crypto investors may be underestimating the scale of the industry’s next growth phase by relying too heavily on current market conditions, according to Bitwise CIO Matt Hougan.
Trump Says Interest Rate System Doesn't Make Sense
President Donald Trump says when the country does well economically, interest ra…
President Donald Trump says when the country does well economically, interest rates should come down, but he says they go up. He says the system is unfair. He speaks at the White House. (Source: Bloomberg)
Investment Committee: Spotlight On SPACs
Desiree Carlo, senior vice president, client services at Laurel Hill, Christian …
Desiree Carlo, senior vice president, client services at Laurel Hill, Christian Nagler, partner, capital markets at Kirkland & Ellis, and Betsy Cohen, chairman and co-founder at Cohen Circle, join Dani Burger on "Bloomberg Deals." They discuss the uptick in the number of SPAC deals. (Source: Bloomberg)
Trump touted a deal to avert new tariffs on Canada. Here's what we know so far
Trump's new tariffs on about $20 billion worth of Canadian goods were set t…
Trump's new tariffs on about $20 billion worth of Canadian goods were set to take effect Wednesday, but were postponed by three days.
Stripe to buy OpenRouter as fintech expands deeper into AI
Stripe said it's acquiring OpenRouter, as the payments company expands into…
Stripe said it's acquiring OpenRouter, as the payments company expands into the artificial intelligence model market.
Estée Lauder CEO Says Company Has 'Great Momentum'
Estée Lauder Cos. Chief Executive Officer Stéphane de La Faverie says the compan…
Estée Lauder Cos. Chief Executive Officer Stéphane de La Faverie says the company is expanding margin and has great momentum going forward. The beauty and makeup giant reported revenue and earnings for the fiscal fourth quarter that topped estimates. He speaks on "Bloomberg The Close." (Source: Bloomberg)
US Public Debt Hits $40 Trillion, Raising ‘Doom Loop’ Risk
Total US public debt surpassed $40 trillion for the first time, and has now surg…
Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.
Why High Yields on Government Bonds Are Causing Alarm
Government borrowing costs have been surging around the world as investors deman…
Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. Average bond yields across the Group of Seven countries hit their highest level since 2008 in mid-August.
Marvell's stock pops 10% on AI chip deal that lets Google buy up to $12.2 billion in shares
Google and its competitors have been pursuing custom chips to improve efficiency…
Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.
Canada and US say they are finalising a trade deal, but details remain murky
Prime Minister Carney hailed "significant progress" in trade talks as …
Prime Minister Carney hailed "significant progress" in trade talks as the two countries seek to hammer out final details ahead of a new weekend tariff deadline.
CFTC Considers AI Compute Futures as ICE, CME Eye New Market
The Commodity Futures Trading Commission is asking for public input on futures c…
The Commodity Futures Trading Commission is asking for public input on futures contracts for the computing power that undergirds the artificial intelligence sector as industry heavyweights move to embrace so-called compute as a tradable asset.
Trump Calls on Congress to Pass 'Fair Version' of Clarity Act at White House Crypto Meeting
Trump touted his administration’s crypto policies and said regulators are workin…
Trump touted his administration’s crypto policies and said regulators are working to bring Hyperliquid into the U.S. under a compliant framework.
Crypto Stocks Rip Higher as Strategy Jumps 12%, Coinbase Climbs 9%
Strategy, Coinbase, Circle, and BitMine are riding Bitcoin's short squeeze …
Strategy, Coinbase, Circle, and BitMine are riding Bitcoin's short squeeze toward $70K—and two of them may be squeezing equity bears of their own.
Treasury doubles debt buybacks as Bessent moves to steady bond market
The announcement targets the sensitive longer-duration part of the Treasury mark…
The announcement targets the sensitive longer-duration part of the Treasury market.
Anthropic’s Annualized Revenue Tops $65B Before IPO
Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals."…
Bloomberg's Anthony Hughes joins Dani Burger on "Bloomberg Deals." Anthropic is on track to generate annualized revenue of more than $65 billion based on its current performance, according to people familiar with the matter, up more than sevenfold from its pace at the end of last year. (Source: Bloomberg)
Crypto liquidations near $2 billion as US Treasury debt buyback sparks short squeeze
The cryptocurrency market has seen nearly $2 billion in liquidations over the pa…
The cryptocurrency market has seen nearly $2 billion in liquidations over the past 24 hours, its largest since February 5.
Shein Is Said to Target Up to $27B Valuation in HK IPO
Bloomberg's Norah Mulinda joins Dani Burger on "Bloomberg Deals."…
Bloomberg's Norah Mulinda joins Dani Burger on "Bloomberg Deals." Fast-fashion retailer Shein is targeting a valuation in the range of $26 billion to $27 billion in its initial public offering in Hong Kong, according to people familiar with the matter, a sharp drop from its peak value. (Source: Bloomberg)
Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Futures
The prediction market operator is seeking CFTC approval for a copper perpetual a…
The prediction market operator is seeking CFTC approval for a copper perpetual as it moves further into traditional derivatives markets.
Who is Natalie Harp, Trump's right-hand woman?
One of Trump's longest serving and most loyal aides, Harp was thrust again …
One of Trump's longest serving and most loyal aides, Harp was thrust again into the spotlight when Democrat Jon Ossoff noted her closeness to the president.
Crypto Firm OKX Bars Claude Use in Hong Kong After Suspension
Crypto exchange OKX has barred staff based in Hong Kong or traveling through Chi…
Crypto exchange OKX has barred staff based in Hong Kong or traveling through China from using Anthropic PBC’s Claude artificial-intelligence model after having its corporate account briefly suspended, the latest example of how friction between the US and China over AI supremacy is playing out in the corporate world.
81-year-old confesses to German cold case murder of US tourist in 1994
Amy Lopez from Texas was last seen alive in September 1994 while on a visit to a…
Amy Lopez from Texas was last seen alive in September 1994 while on a visit to a fortress in Koblenz.
Six-Bug Exploit Halts Maya Protocol After $1.4 Million in Bitcoin Stolen
The cross-chain protocol said an attacker exploited six software flaws to drain …
The cross-chain protocol said an attacker exploited six software flaws to drain Bitcoin and other assets, sending its CACAO token plunging.
Fed Minutes Show Many Officials Said Rate Hikes May Be Needed
Several Federal Reserve officials favored an interest-rate hike last month and m…
Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline, a record of the central bank’s most recent policy debate showed.
Multiple deadly Israeli strikes in Gaza in under 24 hours
BBC Verify looks at footage from two deadly strikes in under 24 hours in Gaza.
BBC Verify looks at footage from two deadly strikes in under 24 hours in Gaza.
South Korea shortens war games with US, citing Washington request
It comes after Trump announced plans to curtail joint military exercises with So…
It comes after Trump announced plans to curtail joint military exercises with South Korea, citing a "very good" relationship with North Korea's Kim Jong Un.
Meta's legal troubles has options traders eyeing the 'jade lizard'
One of the many beauties of options trading is the ability to make money on a ra…
One of the many beauties of options trading is the ability to make money on a rangebound stock. Shares of Meta Platforms are presenting that opportunity right now.
Israel opens up bids for highly-sensitive West Bank settlement project
Israeli plans to build on the area east of Jerusalem - which would divide the oc…
Israeli plans to build on the area east of Jerusalem - which would divide the occupied West Bank in two - have long been internationally condemned.
Retail giant Target receives $1bn boost from tariff refunds
The US chain said it received a $994 million pre-tax reimbursement, which result…
The US chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income rising to $2.6bn.
Moderna Stock Doubles on Cancer Breakthrough: Here’s What It Means
A Phase 3 win against the standard of care sent the biotech's shares up 131…
A Phase 3 win against the standard of care sent the biotech's shares up 131% and left short sellers down $4.8 billion.
Goldman's McClure Says IPO Market 'Wide Open' for Business
Matt McClure, Goldman Sachs global co-head of investment banking, says the IPO m…
Matt McClure, Goldman Sachs global co-head of investment banking, says the IPO market is "open for business," with AI-related companies accounting for more than half of capital raised despite representing about 20% of IPOs this year. Speaking with Dani Burger on "Bloomberg Deals," McClure says confidence is growing in private equity, with $1.5 trillion of capital waiting to be deployed. (Source: Bloomberg)