Crypto Breaking News

Anchorage Digital has cut 17% of its workforce, according to an exclusive report by The Information.

Blast (BLAST) has begun winding down its Ethereum layer-2 network after costs exceeded revenue.

The Independent Community Bankers of America has sued the OCC over crypto-focused national trust bank charters.

National Economic Council Director Kevin Hassett argues that the economic benefits of AI may be greater than current data show, comparing today's dynamics with the early internet era, when improvements in computing were difficult to capture in official statistics. At the same time, Hassett says reducing the federal workforce can generate budget savings, and he remains optimistic about economic growth in the face of a growing debt burden. He acknowledges that bringing the federal deficit to 3% of GDP will require more attention.

Former CEA Chair Cecilia Rouse believes that we may be 'entering a new normal' of the jobs report, with the break even potentially settling in around 50,000. She speaks with Romaine Bostick on Bloomberg's "The Close."

Gary Marcus, Robust AI Inc. co-founder and former CEO, argues that developers, including OpenAI, lack sufficient safeguards for systems they can't reliably control. He speaks with Romaine Bostick on Bloomberg's "The Close."

Morgan Stanley's Alex Straton sees Nike sales and earnings softening as the company deals with inventory gluts in North America and China. She speaks with Romaine Bostick on Bloomberg's "The Close."

A FOIA request has uncovered another little-known feature of life at the top of the Justice Department: attorneys general have used alternate email addresses to conduct government business for over a decade. This time around, Bloomberg News Senior Investigative Reporter Jason Leopold obtained the alias used by former Attorney General Pam Bondi. The discovery raises broader questions about government transparency and access to public records. Leopold explains how alternate email addresses can make FOIA searches more difficult when requesters don't know which accounts officials used to conduct government business -- and how revealing those aliases can help journalists locate records that might otherwise be missed. He speaks with Bloomberg Businessweek Daily hosts Carol Massar and Alexis Christoforous.

Chris Phelan CEA Chairman, sees inflation clearly easing and thinks it's doing so quickly enough. He speaks with Romaine Bostick on "The Close."

An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists. For more, we speak with Anisha Goodly, Fixed Income Managing Director at TCW.

Robert Reich, former US Labor Secretary, discusses persistent inflation, very slow hiring, and wages that trail prices. He speaks with Romaine Bostick on Bloomberg's "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 Tim Stenovec.