Crypto Breaking News

Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years. It comes as China's embrace of OpenClaw-style agentic AI has handed rival Tencent an initial advantage. Jacob Cooke, CEO of WPIC Marketing + Technologies, discusses the AI landscape in China with Caroline Hyde on "Bloomberg Tech."

Oil and natural gas prices keep surging as attacks escalate in the Persian Gulf. The world's largest liquified natural gas plant in Qatar was hit by an Iranian missile. This as prices for gold and silver plunge. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has more.

President Donald Trump is asked by a reporter why the US didn't tell Japan ahead of time about its strike on Iran. "Who knows better about surprise than Japan?" he said, turning to the Japanese Prime Minister Sanae Takaichi with a chuckle. She was visiting the White House.

Oil spikes, rate hikes, and rising uncertainty is weighing on markets.  Peter Oppenheimer, the chief global equity strategist at Goldman Sachs joined Bloomberg Open Interest to break down why US stocks are holding up better than Europe, where risks are building, and why this may be a short-term correction, and not a long-term downturn.

Bank of England Governor Andrew Bailey says it was appropriate to keep interest rate on hold at 3.75% on Thursday due to the situation in the Middle East. There has been a "huge increase in uncertainty," Bailey said in a pooled interview clip. "None of us know how this is going to play out."

The Federal Reserve is proposing a plan to ease capital requirements for Wall Street lending giants. The move could potentially unleash billions of dollars for lending, share buybacks and dividends. Michael McKee has the details.

Ian Lyngen, head of US rates strategy at BMO Capital Markets, says lower rates remains his base case for US Treasuries, while the 2-Year sector will "continue to struggle."

US initial jobless claims fell by 8,000 to 205,000 in the week ending March 14. That is the lowest level since January. Michael McKee reports.

UK Chancellor of the Exchequer Rachel Reeves discusses UK startups and the government's plan to keep high-growth companies rooted in the UK, as well as efforts to create a British version of Silicon Valley. One of the challenges, she says, is that while Britain has many startup companies, as they scale up, "they drift towards America." She's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 21 on the sidelines of the World Economic Forum in Davos.

TCW Group's Katie Koch sees buying opportunities in private credit and says the firm is looking to deploy capital across fresh loans and rescue financing. "As the crowds go for the exit, this is the moment where people should be buying," the asset manager's CEO told Bloomberg's The Pulse with Francine Lacqua.

UK Chancellor of the Exchequer Rachel Reeves discusses Brexit, saying she respects the referendum result but rejects rejoining the European Union. Reeves also outlines her vision for making Britain a Global hub for investment, talent and entrepreneurship-positioning the UK as a "magnet" for wealth. She's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 21 on the sidelines of the World Economic Forum in Davos.

Treasury Secretary Scott Bessent says the US won't intervene in oil markets, but it might release more oil from the Strategic Petroleum Reserve. He also told Fox Business that Iranian oil already on the water could be unsanctioned. Tyler Kendall has more from the White House.