Crypto Breaking News

SpaceX has made history with the biggest-ever IPO, selling 555.6 million shares at $135 each, and has a market value of $1.77 trillion. Trading is set to begin on the Nasdaq Friday. Elon Musk could now become the world's first trillionaire. Ed Ludlow has all the breaking details.

Rebecca Grant, senior fellow and vice president for defense programs at the Lexington Institute, said that the US is better positioned to take over Kharg Island than it was at the start of the war and that it is 'very doable' for the forces central command has in the region. Grant said that because the US has air dominance in the region and controls all of the ways of approach, there would not need to be a big American troop presence on the island itself.

Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI.

Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said that there is a chance that President Trump was pushing for something that Iranian negotiators had not 'fully signed off on' when he announced the cancellation of planned strikes on Iran. Panikoff said that despite the quickly changing narrative over a few hours, it is more likely if a deal comes together it is because of ongoing negotiations over multiple weeks.

Matthew McQueen, head of global FICC micro overseeing mortgages & securitized products, municipal banking & markets, and global credit at Bank of America, joins Scarlet Fu on "Bloomberg Real Yield."

Representative Greg Landsman, an Ohio Democrat, said the lapse of a law permitting foreign surveillance will make it harder for law enforcement to keep the country safe. Landsman said that during the world cup and ongoing conflict with Iran, concerns about US safety are 'very serious' and said that someone in the intelligence community or congress should stand up and 'be the adult in the room.'

Bloomberg's Michelle Kaske joins Scarlet Fu on "Bloomberg Real Yield." The entities transforming New York's Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, CEO of the Halmar-Skanska consortium, the renovation's master developer.

Kay Herr, CIO of US GFICC at JPMorgan Asset Management, joins Scarlet Fu on "Bloomberg Real Yield." Fears of a stagflation shock from the Middle East conflict are increasingly souring investor sentiment toward the weakest global corporate borrowers, many of which binged on cheap debt during the era of ultra-low interest rates.

Nisha Patel, SMA fixed income portfolio manager at Parametric, joins Scarlet Fu on "Bloomberg Real Yield."

President Donald Trump said he canceled planned military strikes against Iran, citing what he said were "discussions" that "have been brought to the highest level of Iranian leadership" surrounding a negotiated end to the war. Tyler Kendall reports on Bloomberg Television.

As SpaceXAI heads toward its IPO, investors are betting on more than rockets and chatbots: the company says enterprise AI represents a $26 trillion opportunity. But can Grok actually win corporate customers? One of the few companies putting it to work is Gopuff, which built its new AI shopping assistant on xAI's models. Gopuff co-CEO Rafael Ilishayev joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Nisha Patel, SMA fixed income portfolio manager at Parametric, and Guneet Dhingra, head of US rates strategy at BNP Paribas join Scarlet Fu on "Bloomberg Real Yield." US producer prices rose in May at the fastest pace in more than three years as the fallout from the Iran war continued to fan inflation pressures.