Crypto Breaking News

The AI scare trade retreated Wednesday as dip-buyers stepped in after concerns over artificial intelligence battered equity markets. Mandeep Singh of Bloomberg Intelligence has more.

The fight for artificial intelligence supremacy is between open versus closed systems rather than where those systems are built, according to Mistral AI's chief executive officer, Arthur Mensch.

CPI slowed to 3% as expected in January, reinforcing the case for a rate cut by April, if not in March from the Bank of England.

UK inflation dropped to a 10-month low, the Office for National Statistics said Wednesday, bolstering the case for an interest-rate cut when the Bank of England meets next month. Jefferies economist Modupe Adegbembo, speaking on Bloomberg Television, forecasts 75 basis points of rate reductions in 2026. "We think growth is weaker than expected," she says. "The second factor is that we think looking at the labor market, the labor market conditions are not doing well right now."

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management, explains why the firm has had a preference for tech hardware over software stocks for over a year. "In terms of hardware, we knew that there was going to be demand for memory," Huynh explains.

Warren Buffett's Berkshire Hathaway slashed its stake in Amazon by more than 75% in the fourth quarter, while also building a stake in the New York Times, his last new bet as chief executive officer of the conglomerate. Bloomberg's Abeer Abu Omar reports.

European Central Bank President Christine Lagarde is expected to step down from her role before her eight-year term ends in October 2027, according to a Financial Times report. Lagarde wants to leave before the French presidential election in April next year, which would allow French President Emmanuel Macron and German Chancellor Friedrich Merz to find her replacement together, the report said, citing an unidentified person familiar with her thoughts on the matter. It isn't clear yet when she may exit, the report said. Bloomberg's Jana Randow explains.

Gold advanced back above $4,900 an ounce as dip-buyers snapped up the metal after a two-day drop. Meanwhile copper rose, trimming losses earlier in the week, as risk assets including equities advanced in thin holiday trading. George Cheveley, Natural Resources Portfolio Manager at Ninety One spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the market performance.

Intesa Sanpaolo disclosed approximately $96 million in US-listed spot Bitcoin ETF holdings in its latest Form 13F filing with the US Securities and Exchange Commission for the quarter ended December 31, 2025.

The Commodity Futures Trading Commission has filed an amicus brief to defend its exclusive jurisdiction over US prediction markets as state-level legal challenges escalate.

Arthur Hayes said the recent divergence between Bitcoin and the Nasdaq 100 Index is a warning of a potential AI-driven credit crisis that could force central banks to print more money.