Crypto Breaking News

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.

Nathan Sheets, global chief economist at Citi Research, discusses the implications of persistently high oil prices on US inflation and the consumer economy. He notes that while core inflation remains relatively unaffected, headline inflation could rise by as much as half a percentage point in the coming months due to these elevated energy costs.

Eric Tokat, co-president of investment banking at Centerview Partners, and Krishna Veeraraghavan, global co-head of M&A at Paul Weiss, joins Dani Burger and Michelle Davis on "Bloomberg Deals." They discuss the best way to approach and invest in the pharma sector.

President Donald Trump said he didn't believe Iran was laying mines in the Strait of Hormuz and repeated his suggestion that the war would end soon, even as the confirmation of an emergency oil release did little to calm volatile markets. Asked Wednesday whether Iran had laid mines in the strait, Trump told reporters, "We don't think so."

Saba Capital Management's Boaz Weinstein began offering investors quick cash for their stakes in such vehicles run by Blue Owl Capital. Now he's making the same proposal to backers of a Starwood Capital Group real estate fund that has severely curtailed withdrawals for nearly two years. Loukia Gyftopoulou, Bloomberg reporter, joins Dani Burger on "Bloomberg Deals" to discuss the deal.

The cash-and-stock transaction is expected to close in the second half of this year, subject to shareholders' approvals, and will help the companies compete in the garment industry. Bloomberg's David Carnevali joined Dani Burger on "Bloomberg Deals" after helping to break this story.

Whether with M&A, IPOs or fundraisings, aerospace and defense companies and other owners of military assets are rushing to market at a time when global conflicts are threatening to stifle dealmaking in other sectors. Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger.

Whether with M&A, IPOs or fundraisings, aerospace and defense companies and other owners of military assets are rushing to market at a time when global conflicts are threatening to stifle dealmaking in other sectors. Aaron Kirchfeld, Bloomberg deals executive editor, joins Dani Burger.

Jeff Smith, CEO of Starboard Value, joins Dani Burger on "Bloomberg Deals" to discuss Starboard's $350 million stake in CarMax. Starboard Value has amassed a stake of about $350 million in CarMax and sees an opportunity to accelerate the used car retailer's turnaround under incoming CEO Keith Barr. The activist investor has nominated its own CEO Jeff Smith to the CarMax board.

Energy markets whipsawed for a second consecutive day as investors raced to interpret rapidly shifting comments from the Trump administration over the war in Iran. Oil prices plummeted after Energy Secretary Chris Wright erroneously posted and then deleted a message that the US Navy had escorted an oil tanker through the Strait of Hormuz, only for White House Press Secretary Karoline Leavitt to subsequently concede no such operation had occurred. But, the spokeswoman said, the US military was "drawing up additional options" to address any attempt by Iran to constrain trade through the vital artery. Patrick McHenry, Former Chairman of the House Financial Services Committee, Former Speaker Pro Tempore, Bloomberg Contributor joins to discuss on Balance of Power.

Jeremy Allaire, co-founder, chairman, and CEO of Circle discusses his motivation for building Circle, the world's largest regulated stablecoin network. Despite Circle's significant market capitalization and successful IPO, Allaire views the company as still being in its very early stages, with another 10 to 20 years of foundational work ahead to realize its full potential. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 15 at the Economic Club of Washington, DC.

Matthew Weir, Managing Director and senior investment strategist in the Investment Strategy Group at Goldman Sachs, discusses how investors are trying to assess the health of big tech companies in the midst of rising AI investments and geopolitical uncertainty. He joins Ed Ludlow and Caroline Hyde on "Bloomberg Tech."