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The latest in Bloomberg & Financial News

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Bloomberg News @bloombergnews.bsky.social · 20/12/2024
OpenAI Unveils More Advanced Reasoning Model in Race With Google www.bloomberg.com/news/article...
bloomberg.com
OpenAI Unveils More Advanced Reasoning Model in Race With Google
The new AI system, called o3, is expected to launch early next year.
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Bloomberg News @bloombergnews.bsky.social · 20/12/2024
Bitcoin Slumps as Trump Euphoria Gives Way to Wariness on Fed www.bloomberg.com/news/article...
bloomberg.com
Bitcoin Slumps as Trump Euphoria Gives Way to Wariness on Fed
Bitcoin extended its slide from this week’s record high to almost 15% as hawkish signals from the Federal Reserve prompted traders to sell an asset that has more than doubled this year.
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Bloomberg News @bloombergnews.bsky.social · 20/12/2024
US Funding Plan Fails With Less Than 24 Hours to Shutdown www.bloomberg.com/news/newslet...
bloomberg.com
US Funding Plan Fails With Less Than 24 Hours to Shutdown
Get caught up.
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Bloomberg News @bloombergnews.bsky.social · 20/12/2024
Copper Withdraws UK Crypto Authorization Bid in Strategy Shift www.bloomberg.com/news/article...
bloomberg.com
Copper Withdraws UK Crypto Authorization Bid in Strategy Shift
Crypto custodian Copper Technologies Ltd. withdrew its application to register with the UK’s financial regulator on Friday, saying it will shift to focus on overseas hubs under its new chief executive...
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Bloomberg News @bloombergnews.bsky.social · 19/12/2024
Crypto Insiders Jockey for Influence on Proposed Industry Advisory Council www.bloomberg.com/news/article...
bloomberg.com
Crypto Insiders Jockey for Influence on Proposed Industry Advisory Council
The incoming US administration is weighing two very different approaches to a council that the crypto industry hopes will dramatically increase its influence over digital-asset policy.
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Bloomberg News @bloombergnews.bsky.social · 19/12/2024
news.bloomberglaw.com/securities-l...
news.bloomberglaw.com
Hawk Tuah Memecoin Investors Sue Promoters Over US Registration
“Hawk Tuah” cryptocurrency sellers and promoters never registered the US-marketed memecoin with the SEC and left investors out to dry during a 90% crash, a lawsuit filed on Thursday said.
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Bloomberg News @bloombergnews.bsky.social · 19/12/2024
Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss www.bloomberg.com/news/article...
bloomberg.com
Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss
A computer scientist who falsely claims to be the inventor of Bitcoin has been found in contempt of court by a London judge for breaching several orders after a stinging lawsuit loss.
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Bloomberg News @bloombergnews.bsky.social · 18/12/2024
MicroStrategy’s Saylor Wants to Add More ‘Intelligent Leverage’ www.bloomberg.com/news/article...
bloomberg.com
MicroStrategy’s Saylor Wants to Add More ‘Intelligent Leverage’
MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders of the dot-com-era software maker turned leveraged Bitcoin proxy.
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Bloomberg News @bloombergnews.bsky.social · 18/12/2024
China’s Billionaires Are Making Money for First Time Since 2020 www.bloomberg.com/news/article...
bloomberg.com
China’s Billionaires Are Making Money for First Time Since 2020
China’s billionaires are slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping’s push for common prosperity at the expense of powerful private busin...
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
An Optimist’s Guide to a Chaotic World www.bloomberg.com/news/newslet...
bloomberg.com
An Optimist’s Guide to a Chaotic World
Plus: Crypto joins the establishment, electricity demand is surging, and the Property Brothers suggest delaying renovations.
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
Crypto.com CEO Met Trump at Mar-a-Lago as Industry Seeks Influence in New Administration www.bloomberg.com/news/article...
crypto.com
Crypto.com | Securely Buy, Sell & Trade Bitcoin, Ethereum and 350+ Altcoins
Over 100 million users buy, sell, and trade Bitcoin, Ethereum, NFTs and more on Crypto.com. Join the World's leading crypto trading platform.
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
Reeves’ Tax Hikes Spare Most of the UK’s Big Listed Companies www.bloomberg.com/news/article...
bloomberg.com
Reeves’ Tax Hikes Spare Most of the UK’s Big Listed Companies
The majority of Britain’s biggest listed companies will together account for less than 3% of the revenue raised by Labour‘s increased payroll tax, Bloomberg analysis shows, despite Prime Minister Keir...
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
Crypto Got What It Wanted in November’s Election. Now What? www.bloomberg.com/news/article...
bloomberg.com
Crypto Got What It Wanted in November’s Election. Now What?
The industry is now in a position to weaken financial rules that might protect consumers from the next crypto crash.
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
Activist Investing Hits Record in Japan With $6.6 Billion Spree www.bloomberg.com/news/article...
bloomberg.com
Activist Investing Hits Record in Japan With $6.6 Billion Spree
Activist investors’ infatuation with Japan has reached record levels. So has their influence.
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
China’s Investment Bankers Struggle With Low Pay, Few Deals and Fear of Arrests www.bloomberg.com/news/article...
bloomberg.com
China’s Investment Bankers Struggle With Low Pay, Few Deals and Fear of Arrests
“The work is very hard, but the salary is low, and there are even big risks involved.”
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
New World Disorder Is Disrupting Business as Usual www.bloomberg.com/opinion/arti...
bloomberg.com
New World Disorder Is Disrupting Business as Usual
Trying to game out Trump 2.0 before he even takes office ends with market slaps for Canada and Brazil. There will be more
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Bloomberg News @bloombergnews.bsky.social · 17/12/2024
Thames Water Set For Pivotal Hearing on £3 Billion Rescue Loan www.bloomberg.com/news/article...
bloomberg.com
Thames Water Set For Pivotal Hearing on £3 Billion Rescue Loan
A £3 billion ($3.8 billion) rescue loan needed to ensure Thames Water doesn’t run out of cash will be scrutinized by a London judge on Tuesday.
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Bloomberg News @bloombergnews.bsky.social · 16/12/2024
MicroStrategy Buys More Bitcoin Ahead of Joining Nasdaq 100 www.bloomberg.com/news/article...
bloomberg.com
MicroStrategy Buys More Bitcoin Ahead of Joining Nasdaq 100
MicroStrategy Inc., the dot-com-era software maker turned leveraged Bitcoin proxy, bought an additional $1.5 billion of the cryptocurrency through the sale of stock.
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Bloomberg News @bloombergnews.bsky.social · 16/12/2024
Dollar Strength Seen Cooling After a Landmark Year in 2024 www.bloomberg.com/news/newslet...
bloomberg.com
Dollar Strength Seen Cooling After a Landmark Year in 2024
One of the big market stories of 2024 has been the strength of the dollar, which is headed for its biggest annual rally since 2015. There’s a growing sense on Wall Street, though, that the upbeat mood...
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Bloomberg News @bloombergnews.bsky.social · 16/12/2024
Yoon Joins Growing List of Disgraced South Korean Presidents www.bloomberg.com/news/article...
bloomberg.com
Yoon Joins Growing List of Disgraced South Korean Presidents
President Yoon Suk Yeol’s demise may have been swift and shocking, but he is just the latest in a growing list of South Korean leaders who’ve seen their fortunes turn after rising to power.
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Bloomberg News @bloombergnews.bsky.social · 16/12/2024
German Chancellor Scholz Faces Confidence Vote www.bloomberg.com/news/newslet...
bloomberg.com
German Chancellor Scholz Faces Confidence Vote
Good morning. German Chancellor Olaf Scholz hopes to lose a confidence vote today. France’s new prime minister tries to build a government. And India’s richest men fall out of the $100-billion club. L...
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Bloomberg News @bloombergnews.bsky.social · 15/12/2024
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Bloomberg News @bloombergnews.bsky.social · 14/12/2024
Saylor’s MicroStrategy Scores Again With Nasdaq 100 Addition www.bloomberg.com/news/article...
bloomberg.com
MicroStrategy, Palantir Added to Nasdaq 100, Moderna Removed
MicroStrategy Inc., the dot-com-era software maker whose metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer said Friday...
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Bloomberg News @bloombergnews.bsky.social · 13/12/2024
World’s Top Retailer Is Now Trying to Save Air New Zealand www.bloomberg.com/news/article...
bloomberg.com
World’s Top Retailer Is Now Trying to Save Air New Zealand
Once hailed as the planet’s greatest retailer, Greg Foran could now make a reasonable claim to be the hardest working man in aviation.
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Bloomberg News @bloombergnews.bsky.social · 13/12/2024
Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities www.bloomberg.com/news/article...
bloomberg.com
Musk’s Charitable Foundation Sent Most of Its Millions to His Own Entities
Elon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person.
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Bloomberg News @bloombergnews.bsky.social · 12/12/2024
BlackRock Says Up to 2% Bitcoin Allocation Is ‘Reasonable Range’ www.bloomberg.com/news/article...
bloomberg.com
BlackRock Says Up to 2% Bitcoin Allocation Is ‘Reasonable Range’
The world’s biggest asset manager says that Bitcoin does have a place in multi-asset portfolios — up to a certain point.
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Bloomberg News @bloombergnews.bsky.social · 11/12/2024
Stablecoin Issuer Circle Expands Crypto Offering With Binance www.bloomberg.com/news/article...
bloomberg.com
Stablecoin Issuer Circle Expands Crypto Offering With Binance
Circle Internet Financial Ltd., the issuer of the stablecoin USDC, and the crypto exchange Binance said they’re partnering to expand the use of the token on the trading platform as part of a plan to a...
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Bloomberg News @bloombergnews.bsky.social · 11/12/2024
Asian Stocks Slip, Dollar Steadies Ahead of US CPI: Markets Wrap www.bloomberg.com/news/article...
bloomberg.com
Dollar Weakens, Asian Stocks Steady Before US CPI: Markets Wrap
Asian shares retreated as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest rates next week. The dollar steadied after a three-day gain.
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Bloomberg News @bloombergnews.bsky.social · 10/12/2024
Trump’s Pick for SEC Chair Blamed the US for FTX Crypto Disaster www.bloomberg.com/news/article...
bloomberg.com
Trump’s Pick for SEC Chair Blamed the US for FTX Crypto Disaster
Paul Atkins, Donald Trump’s pick to lead the Securities and Exchange Commission, once blamed an unusual suspect for the collapse of Sam Bankman-Fried’s FTX crypto exchange: The US government itself.
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Bloomberg News @bloombergnews.bsky.social · 10/12/2024
Israel Steps Up Airstrikes on Military Sites in Syria www.bloomberg.com/news/article...
bloomberg.com
Israel Steps Up Airstrikes on Military Sites in Syria
Israel stepped up its attacks on military sites in Syria, striking some 250 targets early Tuesday, according to media reports and a war monitor.
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Bloomberg News @bloombergnews.bsky.social · 10/12/2024
ECB Officials to Lock Horns Over How Much Cuts Can Boost Economy www.bloomberg.com/news/article...
bloomberg.com
ECB Officials to Lock Horns Over How Much Cuts Can Boost Economy
European Central Bank officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can actually help, though, is hotly contested.
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Bloomberg News @bloombergnews.bsky.social · 10/12/2024
Poland Calls on Germany to Show Leadership With Defense Spending www.bloomberg.com/news/article...
bloomberg.com
Poland Calls on Germany to Show Leadership With Defense Spending
Germany should step up its defense spending to set an example for the European Union as doubts grow about US military support for Ukraine, a senior Polish defense official said.
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Bloomberg News @bloombergnews.bsky.social · 09/12/2024
China Prepares for Trump’s Return With Monetary Policy Stance Shift www.bloomberg.com/news/newslet...
bloomberg.com
China Prepares for Trump’s Return With Monetary Policy Stance Shift
Get caught up.
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Bloomberg News @bloombergnews.bsky.social · 09/12/2024
Juan Soto Agrees Record $765m Deal with New York Mets, ESPN Reports www.bloomberg.com/news/article...
bloomberg.com
Juan Soto Agrees Record $765m Deal with New York Mets, ESPN Reports
Juan Soto has decided to sign with the New York Mets in a record-breaking contract for Major League Baseball, ESPN reported.
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Bloomberg News @bloombergnews.bsky.social · 09/12/2024
US Bitcoin ETF Inflows Near $10 Billion Since Trump Election Win www.bloomberg.com/news/article...
bloomberg.com
US Bitcoin ETF Inflows Near $10 Billion Since Trump Election Win
Almost $10 billion has poured into US exchange-traded funds investing directly in Bitcoin since Donald Trump became president-elect, in a bet that his embrace of the crypto sector heralds a boom for t...
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Bloomberg News @bloombergnews.bsky.social · 07/12/2024
Market Party Continues as Uncertain 2025 Looms www.bloomberg.com/news/newslet...
bloomberg.com
Market Party Continues as Uncertain 2025 Looms
Get caught up.
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Bloomberg News @bloombergnews.bsky.social · 07/12/2024
South Korea’s Yoon Survives Impeachment After Martial Law Fiasco www.bloomberg.com/news/article...
bloomberg.com
South Korea’s Yoon Survives Impeachment After Martial Law Fiasco
South Korean President Yoon Suk Yeol survived impeachment on Saturday as his ruling party refused to join an opposition bid to oust him after he shocked the nation and its allies by briefly declaring ...
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Reposted by Bloomberg News
Shawn Donnan @sdonnan.bsky.social · 07/12/2024
Trump is signaling he wants to defend the dollar’s status. The problem is the measures he’s outlined so far are more likely to undermine the dollar’s use. From my @bloombergnews.bsky.social colleague Saleha Mohsin: www.bloomberg.com/news/article...
bloomberg.com
Trump Fires Early Warning Shot at Dollar’s Would-Be Challengers
Donald Trump has jumped straight into action as the defender of dollar power, training some heavy fire on an enemy that barely even exists.
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Bloomberg News @bloombergnews.bsky.social · 06/12/2024
Crypto Lenders Emerge From the Ashes of Last Speculative Bubble www.bloomberg.com/news/article...
bloomberg.com
Crypto Lenders Emerge From the Ashes of Last Speculative Bubble
The speculative froth that helped to propel Bitcoin past $100,000 for the first time is spilling over into the long-battered crypto lending sector, with decentralized finance applications leading the ...
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Bloomberg News @bloombergnews.bsky.social · 06/12/2024
Trading Platform eToro Taps Goldman Sachs As it Plans US IPO www.bloomberg.com/news/article...
bloomberg.com
Trading Platform eToro Taps Goldman Sachs As it Plans US IPO
EToro is working with Goldman Sachs Group Inc. on a potential initial public offering in the US, according to people familiar with the matter.
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Bloomberg News @bloombergnews.bsky.social · 06/12/2024
BofA, Wall Street’s Biggest Pound Bull, Sees Another 8% Gain www.bloomberg.com/news/article...
bloomberg.com
BofA, Wall Street’s Biggest Pound Bull, Sees Another 8% Gain
Bank of America Corp. has emerged as Wall Street’s biggest pound bull, pushing a 2025 forecast that sees the currency hitting its highest level against the euro since 2016 and surging 8% versus the do...
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Bloomberg News @bloombergnews.bsky.social · 06/12/2024
The World’s Richest Man Is Now America’s Biggest Political Donor www.bloomberg.com/news/article...
bloomberg.com
The World’s Richest Man Is Now America’s Biggest Political Donor
Elon Musk poured at least $274 million into political groups in 2024, fueling a spending spree that helped Donald Trump win the presidency, and securing a new title for himself: the most prolific dono...
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Bloomberg News @bloombergnews.bsky.social · 06/12/2024
French Bond Market Risk Falls Further on Hopes of Budget Deal www.bloomberg.com/news/article...
bloomberg.com
French Bond Market Risk Falls Further on Hopes of Budget Deal
French government bonds rallied for a fourth day, driving the risk premium on the nation’s bonds to the lowest level in more than two weeks on speculation the nation’s fractious parliament will eventu...
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Bloomberg News @bloombergnews.bsky.social · 05/12/2024
Bitcoin Surpasses $100,000 For The First Time www.bloomberg.com/news/newslet...
bloomberg.com
Bitcoin Surpasses $100,000 For The First Time
Good morning. Bitcoin hits $100,000. France looks for a new prime minister. And sumo returns to England. Listen to the day’s top stories.
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Bloomberg News @bloombergnews.bsky.social · 04/12/2024
Bitcoin Churns Near $97,000 as Crypto Awaits Trump’s Next Step www.bloomberg.com/news/article...
bloomberg.com
Bitcoin Churns Near $96,000 as Crypto Awaits Trump’s Next Step
Cryptocurrency speculators kept Bitcoin in sight of the landmark $100,000 level in anticipation of further steps to support the sector by US President-elect Donald Trump.
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Bloomberg News @bloombergnews.bsky.social · 04/12/2024
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Bloomberg News @bloombergnews.bsky.social · 03/12/2024
Live: South Korea's Yoon Declares Martial Law - Bloomberg www.bloomberg.com/news/live-bl...
bloomberg.com
South Korea Declares Martial Law After Political Strife
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Bloomberg News @bloombergnews.bsky.social · 03/12/2024
France’s Far Right Aims to Topple Government Over Budget Law www.bloomberg.com/news/newslet...
bloomberg.com
France’s Far Right Aims to Topple Government Over Budget Law
Get caught up.
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Reposted by Bloomberg News
Bloomberg News @bloomberg.com · 03/12/2024
The yen carry trade — an investment strategy that blew up in spectacular fashion this year — is regaining popularity
bloomberg.com
Yen Carry Trade That Rattled Markets Shows Signs of a Comeback
The yen carry trade — an investment strategy that blew up in spectacular fashion this year — is regaining popularity.
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