Crypto Breaking News

US Chief Design Officer Joe Gebbia, co-founder of Airbnb, discusses the design and benefits of the Trump Accounts site and app on "Bloomberg The Close."

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 Emily Graffeo.

Bloomberg's Mark Gurman said that despite ups and downs for Apple and Broadcom's partnership to build out AI servers is expected to last for multiple generations of Apple products. Gurman said that relationship is mutually beneficial as Apple needed Broadcom to help build out the technology and Apple remains Broadcom's biggest growth driver and revenue source.

Rudina Seseri, founder and managing partner at Glasswing Ventures, said that she is seeing strong overall demand for AI infrastructure and doesn't see AI capex falling as companies turn toward becoming vertically integrated players in the AI business. Seseri, who was joined by Bloomberg's Ed Ludlow, said that she sees future demand lying in more specialized data sets for industries rather than wide ranging data.

Ellen Wald, president of Transversal Consulting and Author of 'Saudi, Inc.,' said that Saudi state oil producer Saudi Aramco is lowering the price of oil to make it worthwhile for Asian buyers to charter a tanker to go into the Strait of Hormuz and to buy up stores of oil that have laid stagnant during the war. Wald said that while Saudi Aramco made money off of the conflict in Iran, they want the keep oil prices stable.

President Donald Trump rang the opening bell for the New York Stock Exchange and the Nasdaq from the Oval Office to mark the launch of Trump Accounts, a new investment vehicle for children. Joe Lavorgna, Chief Economist of SMBC Americas joins to discuss.

Ivo Daalder, former US Ambassador to NATO under President Barack Obama, joined Balance of Power to discuss the the upcoming NATO meeting in Turkey. Daalder said the best outcome from the NATO summit this week is "that the alliance lives another day."

Bloomberg's Isabelle Lee joins Scarlet Fu, Katie Greifeld, and Eric Balchunas on "Bloomberg ETF IQ." The SEC is signaling a potential rethink of how it oversees ETFs after a recent wave of filings for prediction-market ETFs prompted fresh scrutiny of the existing regulatory framework.

Ondas, which develops drones and secures wireless communications, has agreed to buy autonomous aircraft maker DZYNE Technologies in a cash-and-stock deal worth over $875 million, which will turn Ondas into a full-service autonomous defense technology platform. Ondas Chairman and CEO Eric Brock joins Ed Ludlow on "Bloomberg Tech."

Runway is going global, with the AI video company opening new hubs in London, Tokyo, and Paris, and plans to invest nearly $300 million over the next few years as it scales its business and AI research. Runway co-founder and CEO Cristóbal Valenzuela joins Ed Ludlow on "Bloomberg Tech."

Broadcom will provide new custom chips to Apple in an expanded partnership that now runs through 2031. The companies will partner on ASIC silicon, which will be found in "multiple generations of Apple products," according to a Broadcom filing. Bloomberg's Consumer Tech and Apple Managing Editor Mark Gurman joins Ed Ludlow on "Bloomberg Tech."

Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will also divest four of its video-game development studios and is beginning the process to part ways with a fifth. "Our business today is not healthy," Chief Executive Officer Asha Sharma wrote in a note to staff Monday morning, adding that Xbox is operating at margins three to 10 times lower than comparable businesses. "We must reset Xbox." Brody Ford, Bloomberg Technology Reporter, joined Bloomberg's Paul Sweeney and Scarlet Fu to talk about Microsoft's XBox layoffs.