Tech Stocks Halt S&P 500 Rally | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Bloomberg Intelligence's Nathan Dean joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Congress and US regulatory agencies will likely embark on an agenda of clarifying the regulatory status of cryptocurrencies in the second half of 2026, lowering enforcement risks for platforms including Coinbase and Robinhood and building a foundation for institutional adoption of the sector.
Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Binance is making preparations to stop providing services in the European Union, as a deadline to receive a license to operate in the bloc draws near and the crypto exchange has yet to receive approval from Greece's financial regulator.
Bloomberg's Emily Nicolle joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Kalshi has developed its own AI agent to help deal with a number of internal processes, including some of the thorniest issues it faces around the wording of its prediction market contracts.
Robert Mitchnick, global head of digital assets at BlackRock, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." BlackRock launched today the iShares Bitcoin Premium Income ETF (Ticker: BITA).
Bloomberg Intelligence's Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Recent comments from SEC Commissioner Paul Atkins hints that changes may come to Rule 611.
Shahmir Khaliq, head of services at Citi, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." A new initiative by Citi will allow its institutional clients to trade tokenized shares of private companies on a blockchain.
Bloomberg's Muyao Shen joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." A short squeeze in SpaceX perpetual futures briefly sent the company's implied valuation to $3 trillion on blockchain-based markets shortly after Monday's US stock-market close.
Powerlaw, a closed-end fund that owns stakes in Elon Musk's SpaceX and artificial intelligence firm OpenAI, traded well above the value of its underlying investments in its debut, capitalizing on retail investors' clamor for exposure to the hottest private tech companies. Bloomberg's Anthony Hughes and Mike Dinsdale, CEO at Powerlaw join to discuss Powerlaw's platform allowing exposure to private tech companies as well as the IPO enviroment.
Bloomberg's Monique Mulima joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Robinhood said it's cutting 10% of its workforce, a reduction of around 300 positions, to "remain lean and disciplined" as it develops new products. Also, Strategy purchased 1,587 bitcoin tokens from June 8 to June 14 for aggregate purchase price of $100m
Brent oil fell below $80 a barrel for the first time in more than three months as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival in supply, with leading Wall Street banks reducing their price forecasts and regional benchmarks collapsing. Gasoline prices are also falling. Bloomberg Mike McGlone joins to discuss.
Bloomberg has learned what the US could give Iran if it agrees to a memorandum of understanding to end the conflict. The deal is expected to be signed on Friday. Bloomberg's Nick Wadhams has all the details.