Crypto Breaking News

Bernstein Private Wealth CIO Alex Chaloff says the market's explosive earnings growth is being fueled by trillion-dollar AI spending from hyperscalers. But while AI may drive productivity and IPO demand, he warns the labor market could be the weak spot as companies increasingly ask what jobs AI can replace.

Dry bulk shipping is booming again. Genco CEO John Wobensmith joins Bloomberg Open Interest to break down why this is the strongest quarter since 2022, how slower vessel speeds are quietly tightening supply, and why rising energy demand, fueled by AI and global power needs is unexpectedly driving the coal trade higher. (Corrects name of guest in description.)

Dry bulk shipping is booming again. Genco CEO Eric Fabrikant joins Bloomberg Open Interest to break down why this is the strongest quarter since 2022, how slower vessel speeds are quietly tightening supply, and why rising energy demand, fueled by AI and global power needs is unexpectedly driving the coal trade higher.

Citigroup issued new guidance showing it would take the lender more time to catch up to Wall Street peers than some investors hoped for. Sridhar Natarajan reports on Bloomberg Television.

Max Layton, Citigroup Inc.'s global head of commodities research, says oil prices will keep "moving around like crazy" as traders parse the conflicting signals coming out of Washington about if the Iran war is coming to an end. He speaks on Bloomberg Television's Surveillance.

Applications for US unemployment benefits rebounded slightly, rising by 10,000 to 200,000 in the week ended May 2. Continuing claims fell to 1.77 million in the previous week, a new two-year low. Michael McKee reports on Bloomberg Television.

Liz Ann Sonders, chief investment strategist at Charles Schwab, looks at the market takeaways from earnings and the performance of Mag Seven stocks this year and says the market "is fine" if interest rates stay where they are.

"We don't believe hikes are on the table for 2026, definitely on the table for 2027," says Earl Davis, head of fixed income and money markets at BMO Global Asset Management. He sees the Federal Reserve being "a solid two meetings away" from dropping its easing bias and expects markets to be focused on inflation in the fourth quarter of this year.

Kent Zhu, CEO at Accor Greater China, says China hotels recorded robust performance during the Labor Day Holiday. He also tells "Bloomberg: The China Show" that the hotel group plans to "go further west" in China as it expands in the country.

South Korean cryptocurrency exchange Bithumb has partnered with SSI Digital to pursue opportunities within Vietnam’s upcoming regulated digital asset exchange framework.

Developers behind the NEAR Protocol warned that future quantum computing attacks could create a broader ownership verification crisis across blockchain ecosystems beyond simply compromising private keys.

AE Coin and USD Universal are developing a regulated framework enabling near-instant conversion between UAE dirham- and US dollar-backed stablecoins within the United Arab Emirates’ payment token system.