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Crypto Breaking News

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Bloomberg

Gilts, Sterling Correlation Underscores UK Vulnerabilities

Keir Starmer's government vowed to protect the UK against external and economic threats in a King's Speech that majored on security even as the prime minister faces a potential challenge to his own leadership. Jane Foley, Head of FX Strategy at RaboBank, explains how the UK's political uncertainty is impacting the currency market, following King Charles' address to parliament.

Read more: Gilts, Sterling Correlation Underscores UK Vulnerabilities
Bloomberg

Nvidia Gains on China Trip; Softbank Up on Quarterly Profit Beat | Stock Movers

On this episode of Stock Movers with John Tucker: - Nvidia (NVDA) shares are higher on news CEO Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit. - Nebius Group (NBIS) is moving this morning as it reported revenue for the first quarter that beat the average analyst estimate. - SoftBank (SFTBY) is up after it reported a surge in quarterly profit due to valuation gains on its OpenAI investment. The gains on OpenAI outweighed lackluster investment gains elsewhere in the Tokyo-based technology group's portfolio while war in the Middle East roiled markets.

Read more: Nvidia Gains on China Trip; Softbank Up on Quarterly Profit Beat | Stock Movers
Bloomberg

Trump Facing New Economic Pressure as China Trip Begins

As President Donald Trump lands in Beijing for a summit with Xi Jinping, new economic data shows inflation in the US is on the rise. The producer price index rose 6% from a year ago. Bloomberg's Annmarie Hordern is traveling with the president and reports from Beijing on what Trump is looking to accomplish.

Read more: Trump Facing New Economic Pressure as China Trip Begins
Bloomberg

US Producer Prices Climb by Most Since 2022

US wholesale inflation increased in April to the fastest pace since 2022 on increased energy prices. The producer price index rose 6% from a year ago, while a core measure of wholesale inflation that excludes food and energy increased 5.2% from April 2025, the biggest advance in more than three years. Michael McKee reports on Bloomberg Television.

Read more: US Producer Prices Climb by Most Since 2022