Crypto Breaking News

In late January, the week before Commerce Secretary Howard Lutnick announced a $1.6 billion government commitment to fund a US magnet maker, bankers at his former financial services company, now run by his sons, were busy earning fees raising $1.5 billion more for the company from private investors. The parallel deals have been questioned by Democratic lawmakers alleging possible conflicts of interest involving Lutnick and his sons. But a more basic set of questions has dogged the project: Can USA Rare Earth Inc., the company getting these public and private funds, actually produce the critical minerals and magnets the government needs to break China's chokehold on global supplies? For a closer look, we speak with Joe Deaux, Bloomberg News Senior Reporter for Corporate & Economic Statecraft.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.

As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. Myriad forces have combined to push the government's borrowing costs higher from $100-a-barrel oil and the AI spending boom, to yawning US budget deficits adding to a record $40 trillion debt load all against a backdrop of a Federal Reserve bent on cooling inflation that's run well past target for years. The selling pressure intensified this week as energy prices surged anew and data showed US businesses are humming along, giving an already hawkish central bank more reasons to keep raising interest rates. For a closer look, we speak with Kelsey Berro, Fixed Income Portfolio Manager at JPMorgan Asset Management.

Bloomberg's Christina Ruffini joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss Taylor Swift's new song 'Patient Zero' and new music video debuting this weekend at the MTV Video Music Awards.

Barry Ritholtz, founder and CIO of Ritholtz Wealth, joins Scarlet Fu and Tom Keene on "Bloomberg Money." Barry discusses how he observes most wealthy people in America became successful. They also discuss Barry's new book 'How Not To Invest.'

Jeff Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, joins Scarlet Fu and Tom Keene on "Bloomberg Money." He explains what's happening in bond markets and says investors should broaden to a 50/30/20 portfolio.

Jeff Rosenberg, portfolio manager of the systematic alternative ETF at BlackRock, joins Scarlet Fu and Tom Keene on "Bloomberg Money." He explains what's happening in bond markets and says investors should broaden to a 50/30/20 portfolio.

As Donald Trump took an aggressive stance on the global stage at the UN on Tuesday, several Senate Republicans were breaking from the president back in Washington.  The GOP backlash, which has been simmering below the surface throughout Trump's second term as lawmakers privately grumbled he hasn't focused enough on affordability issues, burst into public view as a rapid succession of Republicans challenged Trump on everything from the Iran war to the president's "lavish" summit this week.  Republicans have long been loath to openly criticize the president, who has wielded an uncommonly strong hold over his party and retains long memories about who has crossed him. Back in May, eight Indiana state lawmakers who defied Trump on a redistricting plan faced their primary voters, and only two won.  GOP pollster and strategist Frank Luntz said Republicans should be frightened that their base "is not nearly as engaged as Democrats.

Federal Reserve Bank of Cleveland President Beth Hammack says she's concerned that an "inflationary mindset" might set in during an event hosted by the bank.

The AI spending boom is showing no signs of slowing down, but as billions pour into models, chips and data centers, investors are asking where the biggest returns will actually be. Accel Partner Matt Weigand, who focuses on late-stage technology investments including AI infrastructure, says the AI boom is the biggest technology cycle Silicon Valley has seen. He also discusses why open-source AI can grow alongside frontier labs such as Anthropic and OpenAI and why trust and safety are becoming key considerations when Accel decides which AI founders to back. He joins Tim Stenovec on "Bloomberg Tech."

Julian Gewirtz, Harvard Belfer Center fellow and former senior director for China and Taiwan Affairs at the White House National Security Council during the Biden administration, says President Donald Trump's meeting with Xi Jinping delivered the positive optics Trump was seeking, but little visible progress on the major challenges dividing the US and China. He discusses unresolved tensions around trade, Iran, Russia, and Taiwan, as well as the intensifying AI race. He joins Tim Stenovec on "Bloomberg Tech."

US consumer sentiment fell in September to a four-month low amid worries about rising prices and the economy. Consumers expect prices to rise over the next year and saw costs rising at an annual rate over the next five to 10 years, the highest since May. "Despite political differences, consumers unanimously believe that the outlook for the economy has diminished," says Joanne Hsu, director of the survey, who joined Bloomberg Intelligence to discuss.