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Crypto Breaking News

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Bloomberg

Families Look For Affordable Summer Fun Amid Cost Crunch

Sky Zone CEO Dave Hoffman said that the trampoline park company is looking to help parents give their kids the summer they deserve with membership deals as families feel squeezed by higher prices. Hoffman said that his company's thesis is about prioritizing 'active and social play' for kids as they navigate a very online world post covid.

Read more: Families Look For Affordable Summer Fun Amid Cost Crunch
Bloomberg

Private Credit Is Betting on Consumer Debt at a Precarious Time

Bloomberg's Rene Ismail joins Scarlet Fu on "Bloomberg Real Yield." The private credit industry was dubbed "shadow banking" as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking "phantom debt" that falls outside Wall Street's typical tracking methods.

Read more: Private Credit Is Betting on Consumer Debt at a Precarious Time
Bloomberg

'Taylor Swift Tax' Stirs Bad Blood With Rhode Island Homeowners

Bloomberg News Boston money and power reporter Greg Ryan said that a Rhode Island tax increase on second homes is not just impacting the wealthiest residents like Taylor Swift, but that many residents with family properties worry about the impact on their finances. The Rhode Island tax comes as some other cities and states move to tax second homes at a higher rate, like the pied-a-terre tax proposed in New York City by Mayor Zohran Mamdani.

Read more: 'Taylor Swift Tax' Stirs Bad Blood With Rhode Island Homeowners
Bloomberg

Krugman Calls Labor Market Soft, Disturbed by Warsh's View

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.

Read more: Krugman Calls Labor Market Soft, Disturbed by Warsh's View
Bloomberg

Hamburger Costs Rise 14% From Last July 4 Says Wells Fargo

Robin Wenzel, Head of Wells Fargo Agri-Food Institute joins Bloomberg Businessweek Daily to discuss their bbq report: Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026.' In the report they break down how a party of ten is expected to cost an average of $161, with ribs serving as a prime choice for protein as well as the rising cost of food for families across the US.

Read more: Hamburger Costs Rise 14% From Last July 4 Says Wells Fargo
Bloomberg

Need To Make Sure The US Is The Leader in AI, Not China Says Rep. Smith

Missouri Representative Jason Smith, a Republican, joined Balance of Power to discuss the year anniversary of the One Big Beautiful Bill as well as the recent news from OpenAI. When asked about the USMCA Rep. Smith said the Trump administration is saying it wants a better trading relationship through its decision not to renew its trade pact with Canada and Mexico.

Read more: Need To Make Sure The US Is The Leader in AI, Not China Says Rep. Smith
Bloomberg

Iran's Floating Oil Hoard Swells

Bloomberg Intelligence Senior Commodity Strategist Mike McGlone says the oil fluctuations are part of a "normal cycle" A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in Asian waters for at least seven days, up nearly 18% from a week earlier, according to Kpler Ltd. Estimates for the overall volume of the country's oil on water  either in transit or stationary have ranged from 58 million to 68 million barrels since the US sanctions waiver kicked in last week, according to data from Vortexa and Bloomberg calculations.

Read more: Iran's Floating Oil Hoard Swells