Crypto Breaking News

On this episode of Stock Movers: - PayPal (PYPL) shares are rallying after Reuters reported Stripe and private equity company Advent International have made a joint offer to buy PayPal for $60.50 per share, valuing the payments firm at more than $53 billion. - Conagra Brands (CAG) shares are moving on news it is cutting its dividend in half, freeing up cash as its new chief executive officer begins his efforts to turn around the packaged food company. - SpaceX (SPCX) shares have fallen to the brink of falling below their initial public offering price after three days of losses, with shares closing at $136.08 each.

KPMG Chief Economist Diane Swonk says the Federal Reserve needs to raise rates twice due to the "endemic" inflation in the US economy on "Bloomberg Open Interest."

Palantir CTO Shyam Sankar joined Tyler Kendall on Bloomberg Open Interest. He argues the Pentagon has dramatically accelerated defense tech adoption and says the 2027 budget marks a turning point for AI-powered warfare. He also warns that America's biggest AI challenge isn't China, but rather it's turning innovation into economic prosperity while staying ahead in the global technology race.

Despite cooler inflation data, KPMG Chief Economist Diane Swonk says the fight against inflation is far from over. She joined Bloomberg Open Interest to talk about why the Fed may need two more rate hikes. She says geopolitical tensions could reignite food and energy inflation, and warns the AI-driven market rally is masking growing financial stress for everyday consumers.

Johnson & Johnson reported $25.3 billion in revenue in the second quarter, surpassing the average estimate from analysts, but disappointing demand for its medical devices overshadowed better-than-expected drug sales. Madison Muller reports on Bloomberg Television.

Former US Ambassador to China Nicholas Burns speaks to Bloomberg News's David Gura on Tuesday at the Aspen Security Forum about the perils of Nvidia's advanced AI chips being shipped to China as well as the geopolitical and global market consequences in the wake of the collapse of the US-Iran interim peace deal. Speaking on the sidelines of the Aspen Security Forum in Colorado, Burns says President Trump is "making a major mistake" by allowing Nvidia to sell its products to one of the US's biggest rivals.

A net 24% of respondents to Bank of America's Global Fund Manager Survey expect US equities to outperform other global regions, representing the third-highest allocation weight to US stocks recorded over the past five years.

Morgan Stanley's stock traders beat expectations to set another quarterly record as the firm earned $6.3 billion from equity trading in the period, a 69% jump that topped its previous all-time high from the first quarter. Jonathan Ferro and Lisa Abramowicz examine the results on "Bloomberg Surveillance."

US President Donald Trump has reversed his decision to impose a 20% toll on ships transiting the Strait of Hormuz, opting instead to pursue investment commitments from Gulf States into the United States economy.

Dubai-based property tycoon Mohamed Alabbar is planning two large-scale housing and tourism developments in Syria worth at least $20 billion. He spoke to Bloomberg's Zainab Fattah.

US President Donald Trump vowed to intensify his bombardment of Iran until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway. The US launched more airstrikes on Iran on Wednesday, marking the fifth straight day of attacks. Tyler Kendall reports on Bloomberg Television.

Zoom CFO Michelle Chang joins Bloomberg's Vonnie Quinn and Nina Trentman on "Bloomberg Brief" to discuss what's next for the company as Zoom turns 15 years and her focus on revenue growth and shareholder value. She also talks about the use of AI in product development and the company's partnership with Anthropic.