Crypto Breaking News

Federal Reserve Governor Christopher Waller says he is cautious about the need to lower interest rates in the near term due to the energy shock triggered by war in Iran during remarks at Auburn University.

Bob McNally, president and founder of Rapidan Energy Group, said that despite oil market optimism, he believes the Strait of Hormuz will close once again unless the US and Iran make major progress on a deal over the weekend. McNally said that his estimate is that it will take at least 3 to 4 months for the oil market and supply traffic to revert back to pre-war levels once there is a deal and that there are some oil fields that may be permanently closed.

Sequoia Capital has raised about $7 billion for a new fund, according to people familiar with the discussions. It is the first fresh fundraising under the new leadership of one of the largest and most prominent venture capital firms. Bloomberg's Natasha Mascarenhas discusses with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Natasha Hall, associate fellow at Chatham House, said that despite positive reaction to the announcements from the US and Iran, the ceasefire is very fragile and there are many complex details still to be worked out. Hall said that there are potential 'spoilers' that could emerge in negotiations as Iran considers nuclear restrictions and its newfound economic power via the Strait of Hormuz.

Anthropic CEO Dario Amodei is set to meet with White House Chief of Staff Susie Wiles on Friday, according to reports. The meeting comes amid concerns its artificial intelligence model, Mythos, could increase cybersecurity risks. Bloomberg's Mike Shepard breaks joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Netflix shares tumbled the most in four years after the company gave a forecast for the second quarter that fell short of analysts' expectations. Bloomberg's Lucas Shaw and Wedbush Securities Senior VP Alicia Reese discuss the "overhang" of the aborted Warner Bros. Discovery deal and more with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

President Donald Trump said in a phone interview on Friday that Iran agreed to suspend its nuclear program indefinitely and will not receive any frozen funds from the US in exchange for the move. Tyler Kendall reports on Bloomberg Television.

President Donald Trump says Iran is removing sea mines from the Strait of Hormuz. He also says NATO is now offering to help secure the waterway. Bloomberg's Alaric Nightingale reports.

Federal Reserve Bank of San Francisco President Mary Daly says leaving rates unchanged would still restrain inflation and both long- and medium-term inflation expectations are well-anchored during remarks at UC Berkeley.

Federal Reserve Bank of San Francisco President Mary Daly says it is too early to know whether the war in Iran will create a long-term economic shock during remarks at UC Berkeley.

Iran said it would open the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, increasing the prospect of an agreement to end the wider war in the Middle East.

Federal Reserve Bank of San Francisco President Mary Daly says the war in Iran and the resulting oil price shock have made the path of Fed policy uncertain during remarks at UC Berkeley.