CryptoBreaking News

Oil resumed its decline and headed for the biggest weekly drop in a month after transits through the Strait of Hormuz accelerated following an attack on a cargo ship. Tyler Kendall reports on Bloomberg Television.

The global economy will see $1 trillion of losses per year by 2050 if we don't adapt to changing climate patterns says Sarah Kapnick, Global Head of Climate Advisory at JPMorgan. She sees this leading to a 'structural investment trend' which will see more investment in the power grid and energy transition, especially geothermal and nuclear energy. She spoke to Bloomberg's Lizzy Burden on "The Pulse."

Cameron Dawson, CIO at NewEdge Wealth, says the "huge surge in leverage" seen across markets "in order to chase the rally" is beginning to contribute to volatility.

SoftBank Group's stock tumbled the most since August 2024 after reports that OpenAI may hold off on an initial public offering until next year, delaying returns for its Japanese backer. Neil Campling reports on Bloomberg Television.

Volkswagen is looking to cut tens of thousands of additional jobs and may shutter factories in a push by CEO Oliver Blume to make Europe's biggest automaker more competitive, according to a report in Manager Magazin. Bloomberg's Elisabeth Behrmann has more.

Christian Mueller-Glissmann, managing director for portfolio strategy and asset allocation at Goldman Sachs, discusses the tech selloff and why he thinks it could make sense to diversify away from semiconductor makers and lean more toward hyperscalers. "These are incredibly cyclical companies," Mueller-Glissmann tells Bloomberg Television. "So to some extent, it could make sense to diversify a bit away from them."

Johannesburg halted some essential services because it can't pay for fuel. The crisis adds to the financial woes of a metropolis of 4.8 million people, with the municipality mired in corruption scandals and unable to provide basic services. Bloomberg's Jennifer Zabasajja reports from Johannesburg.

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

XRP (CRYPTO:XRP) fell towards the US$1.04 support level after declining about 3.7% over the past 24 hours and more than 11% during the past week as selling pressure continued to build.

GoMining announced it had mined the first known live Bitcoin (CRYPTO:BTC) block using the Stratum V2 protocol through the DMND mining pool.

BitMine has increased its staked Ether (CRYPTO:ETH) holdings to approximately 4.88 million ETH, representing about 86% of its total Ethereum treasury ahead of its inclusion in the Russell 1000 Index.

Bitcoin (CRYPTO:BTC) and Ether (CRYPTO:ETH) are facing the expiry of about US$11 billion in options contracts.