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Bloomberg
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Consumers Are Signaling an Uneven Economy, Abby Joseph Cohen Says

Abby Joseph Cohen, Columbia Business School professor and former partner at Goldman Sachs, says recent consumer spending patterns are signaling issues with the US economy. Speaking on "Bloomberg The Close," she also warns AI investing may not be sustainable and previews the Jackson Hole Federal Reserve meeting.

Read more: Consumers Are Signaling an Uneven Economy, Abby Joseph Cohen Says
Bloomberg
Financial

Bitcoin Tops $80K as Bullish Mood Returns to Crypto Market

Bloomberg's Isabelle Lee joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Bitcoin briefly climbed above $80,000 for the first time since mid-May, as optimism returns to the beaten-down crypto market amid a confluence of bullish signals that forced the liquidation of billions in leveraged bets.

Read more: Bitcoin Tops $80K as Bullish Mood Returns to Crypto Market
Bloomberg
Financial

Congress Will Have to Act to Address $40T US Debt, Says Fmr. Rep. Kevin Brady

Kevin Brady, former Republican Congressman from Texas, said that the US is failing to restrain spending, even as the US brings in record revenues. Brady said that congress will have to act to reduce spending, including looking at programs like Social Security and Medicaid that are moving towards insolvency issues.

Read more: Congress Will Have to Act to Address $40T US Debt, Says Fmr. Rep. Kevin Brady
Bloomberg
Financial

Trump Opens Door to Hyperliquid In 'Unprecedented Move'

Bloomberg Intelligence's Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto."  President Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry's offshore market infrastructure onshore.

Read more: Trump Opens Door to Hyperliquid In 'Unprecedented Move'
Bloomberg
Financial

Securing AI as OpenAI, Anthropic Models Advance

AI safety startup Alice has raised $140 million to expand its work stress-testing advanced models and helping companies protect against emerging risks. CEO Noam Schwartz explains how threats once carried out by individuals are increasingly amplified by AI, why recent incidents involving frontier models from OpenAI and Anthropic have sharpened attention on the issue, and how the company works with AI labs and enterprises to identify vulnerabilities before they can cause real-world harm. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Securing AI as OpenAI, Anthropic Models Advance