Nvidia has agreed to purchase artificial intelligence startup Hugging Face. The transaction is valued at about $13 billion and includes an up to $1 billion equity-based retention program for Hugging Face employees that join Nvidia. Carmen Reinicke reports on Bloomberg Television.
Federal Reserve Governor Christopher Waller said his next decision on interest rates will be "heavily influenced" by August inflation data due next week. Waller says if inflation comes in hot, he'd consider a rate hike. Waller said this in remarks prepared for an event hosted by Reuters. Bloomberg's Michael McKee reports.
Seema Shah, chief global strategist at Principal Asset Management, says the factors behind higher bond yields are "not something that would really stop markets in their track."
Martin Blessing, who is German Chancellor Friedrich Merz's personal representative for investments, discusses the economy, banking consolidation and the surge in energy costs ahead of the European winter. Blessing, the former CEO of Commerzbank AG, speaks on Bloomberg Television.
"Investors are skeptical that the Treasury's actions in a big way can change the big picture of what's going on," says Andrew Sheets, global head of fixed income research at Morgan Stanley. Treasury Secretary Scott Bessent recently pledged to increase purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world's most important debt market. Speaking on Bloomberg Television, Sheets also discusses the outlook for US economic data and Federal Reserve policy.
The yen has extended its sharp rebound -- gaining as much as 1.2% against the dollar today. Traders are increasingly alert to another intervention by Japan and the US after last month's record $96 billion effort. Investors are also questioning whether the Bank of Japan could raise interest rates more aggressively than previously expected. Bloomberg's Macro strategist Skylar Montgomery Koning joins Stephen Carroll and James Woolcock on Bloomberg Radio to discuss.
Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
The Commodity Futures Trading Commission has asked a US court to dismiss CME Group’s lawsuit over crypto perpetual futures.
Coinbase appointed Anthony Armstrong to its board after a recommendation from its governance committee.
SEC Chair Paul Atkins expects the CLARITY Act to advance through the Senate this month and eventually reach President Donald Trump.
The Uniswap protocol recorded more than 7 million swaps in one day, setting a new activity record across its networks.
USDC (CRYPTO:USDC) may be only as secure as the weakest wallet, bridge or blockchain supporting it.
