Crypto Breaking News

History offers a cautionary parallel. During the dot-com boom of the 1990s, then-Fed Chairman Alan Greenspan correctly argued that rapid productivity gains would help restrain inflation. But the central bank did not slash rates. Initially, it just held them steady. By the end of the decade, however, the Fed raised them sharply as investment surged and the economy accelerated. Lakshman Achuthan, COO and co-founder at ECRI, discusses why he felt the inflation cycle was beginning an upward trend pre-Iran war and why he anticipates it will continue.

On this episode of Stock Movers with Alexis Christoforous: - Walmart (WMT) shares are on the move after reporting earnings. It reported solid sales growth, with comparable sales in US stores rising, excluding fuel, in the latest quarter. The company's focus on low prices, fast delivery, and wide assortment has helped it gain market share across income levels. - Intuit (INTU) shares are sinking after the tax-preparation software company reported its third-quarter results and gave an outlook. It also said it is cutting about 17% of its staff, confirming an earlier Reuters report. - Deere & Co (DE) shares are getting a boost from its construction and forestry segments, helping to offset volatile agriculture markets that continue to crimp farmer spending.

PNC Asset Management Chief Investment Officer Amanda Agati sees "a little bit of steam coming out of the market rally sails." She speaks on "Bloomberg Open Interest."

European Economy Commissioner Valdis Dombrovskis says the euro area is facing a "stagflationary shock" as real GDP forecasts for 2026 dip, and inflation is seen accelerating beyond the European Central Bank's 2% target. Dombrovskis spoke to Bloomberg's Oliver Crook in Brussels after the European Union's executive arm released its Spring 2026 Economic Forecast.

FedEx President and CEO Raj Subramaniam recounts how Fred Smith, the company's founder, unexpectedly asked him to become CEO during a flight to Los Angeles and later gave him freedom to reshape the company. Subramaniam is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 29 at the Economic Club of Washington.

US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data.

Bitget has launched a new Market Integrity and Token Accountability Framework to strengthen oversight of listed projects and market makers.

Kevin O’Leary has said Bitcoin and tokenisation will remain outside the reach of major institutional investors until the US passes clearer crypto legislation.

Iran's Supreme Leader says its enriched uranium must stay in the country, Reuters is reporting this morning. Those headlines sent oil prices higher. On Wednesday President Donald Trump said the US was in the "final stages" with Iranian diplomacy. Bloomberg's Annmarie Hordern reports.

Tether has tightened its hold on the stablecoin market after USDT added more than $5 billion in supply over the past month.

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."

Beata Manthey, European equity strategy head at Citi, discusses the bond market selloff and says it is "not necessarily bad" for index-level equities. "EPS growth in Europe for the index-level is going up, not down," Manthey tells Bloomberg Television. "But it is happening in this very narrow fashion."