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Crypto Breaking News

Every story in this category, newest first.

Bloomberg

Rare Earth Minerals Expected to be Central to Trump, Xi Talks

Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North America to compete with already established supply chains from China. Sternheim said that because US rare earths production won't happen overnight, it is important that president trump secures short term supply during his meeting with President Xi in China.

Read more: Rare Earth Minerals Expected to be Central to Trump, Xi Talks
Bloomberg

Anthropic in Talks to Raise $30 Billion at a $900 Billion Valuation

Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. The Claude maker would then be valued at more than $900 billion. Bloomberg's Ed Ludlow reports.

Read more: Anthropic in Talks to Raise $30 Billion at a $900 Billion Valuation
Bloomberg

AI In Focus As Top CEOs Head To China For Trade Summit

US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.

Read more: AI In Focus As Top CEOs Head To China For Trade Summit
Bloomberg

Fed's Warsh To Face the Highest Inflation in Three Years

Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office joins Balance of Power to discuss the recent inflation data and how this will effect the Fed's rate decisions. Warsh arrives just in time for two-year Treasury yields to touch 4%, their highest since June last year, buoyed by the strong market expectation that the fed funds rate cannot move far from where it is now but that the next move is now more likely to be a hike than a cut:

Read more: Fed's Warsh To Face the Highest Inflation in Three Years
Bloomberg

Trump Lands in China With Iran War in Limbo

Kelly Grieco, Senior Fellow with the Reimagining US Grand Strategy Program at the Stimson Center joins Balance of Power to discuss the recent news reported that Iran may still have intact missile capabilities. Iran's missile capabilities brings more light to the Trump, Xi Summit as the conflict continues between the US and Iran.  President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world's two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war. Air Force One touched down at the Beijing Capital International Airport slightly before 8 p.m. on Wednesday, where Chinese Vice President Han Zheng, a military honor guard, and hundreds of flag-waving children readied a red-carpet greeting ceremony for the US president.

Read more: Trump Lands in China With Iran War in Limbo