A 39-year-old South Korean man has been indicted for attempted murder after allegedly poisoning his business partner over losses tied to a Bitcoin investment programme, prosecutors in Seoul said.
Crypto.com has donated $35 million over the past year to the pro-Trump super PAC MAGA Inc., with its latest $5 million contribution coming in January, according to Federal Election Commission filings.
The U.S. Commodity Futures Trading Commission has filed an amicus brief backing Crypto.com in a Ninth Circuit appeal against Nevada regulators, arguing that sports-based prediction markets fall under exclusive federal jurisdiction rather than state gambling laws.
The U.S. Department of the Treasury has sanctioned a Russian exploit brokerage network for purchasing stolen U.S. government cyber tools with cryptocurrency and reselling them, marking the first action under the Protecting American Intellectual Property Act.
JPMorgan Chase CEO Jamie Dimon, asked about fierce competition across the financial industry, said he's starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. "Unfortunately, we did see this in '05, '06 and '07, almost the same thing the rising tide was lifting all boats, everyone was making a lot of money," Dimon told investors on Monday. While JPMorgan isn't willing to make riskier loans to boost net interest income, he said, "I see a couple people doing some dumb things. They're just doing dumb things to create NII." Dimon, who led the largest US bank through the 2008 financial crisis and scooped up two major competitors that collapsed, said he expects the credit cycle will eventually sour again though he is not sure when. Bloomberg News Finance Reporter Katherine Doherty joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.
Stephanie Kelton, professor of public policy and economics at Stony Brook University, discusses potential economic proposals in the upcoming State of the Union address. She speaks with Romaine Bostick on The Close
Catherine Gaffigan, president of health solutions at Elevance Health, says utilization is a key driver of rising health care costs. She tells Romaine Bostick and Kristine Aquino on The Close that factors include an aging population and higher pharmaceutical and hospital expenses.
Colleen Keating, CEO of Planet Fitness, discusses the company's business health, earnings, and outlook with Romaine Bostick and Kristine Aquino on "The Close."
Jim Caron of Morgan Stanley Investment Management Group says there was a reasonable selloff in the software space, but he doesn't think this event will bring down overall markets substantially further.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec.
Let's talk about all the brands you saw during Super Bowl and why these companies are so ready and willing to drop enormous sums of money to run a commercial during the biggest sporting event of the year. Randall Williams explains on this episode of Sports City
Warner Bros. says this new offer could lead to a better deal than its existing agreement with Netflix Inc., kicking off another potential bidding battle for the famed Hollywood studio. Chris Palmeri has more.
