Financial
US Jobless Claims Fall Below Estimates to 189,000
Applications for US unemployment benefits fell by 6,000 to 189,000 last week. Continuing claims rose 23,000 in the week ending Oct. 31. Enda Curran reports on Bloomberg Television.
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Financial
BofA's Cabana Says It's Premature to Call End to Fed's Hiking Cycle
Mark Cabana, co-head of global rates strategy at BofA Securities, explains what he sees markets getting wrong on pricing in interest-rate hikes from the Federal Reserve as he expects the Fed to potentially need to go beyond three hikes. He speaks on "Bloomberg Surveillance."
Financial
BOE: Iran Resolution Can Be Best Thing for Supply Shock
Bank of England Governor Andrew Bailey says the best thing that could curb the current supply shock is a resolution of the war in the Middle East. He speaks at a news conference following the central bank's decision to hike interest rates on Thursday.
Financial
Bailey Says BOE Needs to Limit Impact of Iran War
Bank of England Governor Andrew Bailey discusses the central bank's decision to hike interest rates by a quarter point to 4% on Thursday. He tells reporters in London that the longer the conflict in the Middle East continues, the more inflationary pressure builds up in the pipeline. "We need to limit the impact of that," Bailey says.
Financial
BOE Rate Hike a 'Big One and Done,' Says BNY's Yu
"Probably it's an insurance move," says Geoffrey Yu, senior market strategist at BNY, as the Bank of England voted 8-1 to raise rates by a quarter point. He sees the messaging "not envisaging further moves" by the central bank's Monetary Policy Committee. He speaks on "Bloomberg Surveillance."
Financial
Republican Blame Game Begins After Midterm Meltdown
Vice President JD Vance and other prominent Republicans quickly distanced themselves from President Donald Trump and the Iran war. The GOP's collapse in the midterm elections prompted a wave of finger-pointing largely aimed at the Oval Office. Tyler Kendall reports on Bloomberg Television.
Financial
BOE Hikes Rates, Warns of Rising Inflation
The Bank of England raised interest rates by a quarter point to 4%, while warning inflation is on track to hit almost 5% next year and signaling another hike is on the cards. Bloomberg's Caroline Hepker reports.
Financial
SocGen's Kabra Sees the End of Derating Phase for S&P 500
Manish Kabra, head of US equity strategy at Societe Generale, says investors can lean into history as he offers perspective on market performance following midterm elections. He speaks on "Bloomberg Surveillance."
Financial
SocGen's Kabra Sees the End Derating Phase for S&P 500
Manish Kabra, head of US equity strategy at Societe Generale, says investors can lean into history as he offers perspective on market performance following midterm elections. He speaks on "Bloomberg Surveillance."
Financial
Veolia CEO: Local Demand Independent from French Turmoil, US Midterms
he CEO of water and waste management company Veolia said that neither the Democrats victory in the US (its number 2 country) nor the political turmoil in France (which represents 20% of revenue) will change the course of demand for Veolia. That's after the company reported revenues up 3.1% in the first 9 months of the year.
Insights
Insights
Binance hack exposes security gaps across five blockchain networks
A massive $6.36 billion security incident at Binance has exposed wallets across ten different blockchain networks, placing five major ecosystems under intense scrutiny.
Investigators have linked the sophisticated attack to North Korea's TraderTraitor group, which targeted billions of dollars in assets across Bitcoin, Ethereum, XRP, TRON, and Solana.
Insights
AI compute moves onchain as crypto networks compete for demand
Crypto networks are rapidly shifting onchain to capture skyrocketing AI compute demand through decentralized marketplaces and innovative trading indexes.
As projects like Injective, Render, and Akash compete for market share, the industry's ultimate test lies in converting this processing power into long-term network revenue and token utility.
Insights
Tokenised securities push blockchain networks into institutional finance
DTCC’s launch puts regulated securities tokenisation alongside blockchain networks and protocols building infrastructure for digital ownership, asset transfers and institutional finance.
Insights
Crypto networks collide with sanctions in a fight for financial access
Netanyahu’s proposal puts the spotlight on five digital assets and payment networks that illustrate the opportunities and limitations of blockchain-based transfers, although Israel has not selected any of them for its proposed plan.
Five assets shaping the debate over blockchain payments
Economy
Economy
BOJ raises rates 25bp as Bitcoin tops $77K
The Bank of Japan has raised its benchmark interest rate by 25 basis points to 1.25%, citing inflation risks from higher import and energy costs.
Economy
Bitcoin falls as US strikes Iranian oil tankers
Bitcoin (CRYPTO:BTC) has fallen nearly 1% to about $79,700 after US forces struck three Iranian oil tankers.
Economy
Bitcoin holds steady as oil rises
Bitcoin (CRYPTO:BTC) traded near US$77,580 as the latest US-Iran escalation pushed oil higher and stocks lower.
Economy
ACT proposes 12-month crypto tax break
ACT has proposed a 12-month tax exemption for qualifying crypto gains held by individual retail investors.
