House GOP unveils crypto tax bills ahead of hearing
The US House of Representatives has introduced a group of bills aimed at changing how cryptocurrency activity is taxed across mining, staking, donations, and reporting.
The US House of Representatives has introduced a group of bills aimed at changing how cryptocurrency activity is taxed across mining, staking, donations, and reporting.
Sassine Ghazi, Synopsys chief executive officer, talks about the growth of artificial intelligence, how it's integrated Ansys, an engineering software company it bought last year, and he says there are no chips that can be designed today without Synopsys. He speaks to Bloomberg's Romaine Bostick at the Mizuho Technology Conference in New York.
The $31 trillion Treasury market has an unequivocal message for Kevin Warsh's Federal Reserve: Interest rates aren't high enough. The reset upwards only intensified last week after the latest read on job growth topped all forecasts, reinforcing a growing conviction that rates need to rise in order to rein in inflation pressures and temper the risk of an AI-induced boom overheating the economy. David Seif, Chief Economist for Developed Markets at Nomura, discusses his expectations for the Fed's path forward.
Nansen has added Hyperliquid perpetuals trading to its agentic trading platform as decentralised derivatives activity continues to grow across onchain markets.
A rebound on Wall Street powered ahead, with stocks joining bonds higher as oil fell amid hopes the US and Iran are getting closer to a deal to end the war that has rattled global markets. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, discusses her midyear outlook as the market drives higher.
Existing-home sales in the US accelerated to their fastest pace of the year in May, with contract closings rising to an annualized rate of 4.17 million. Mike McKee reports on "Bloomberg Open Interest."
Oil declined after Israel and Iran agreed to stop attacking each other following a flare-up in violence, while new data shed light on the extent of a drop in Chinese imports. Amrita Sen, Founder and Director at Energy Aspects, discusses the latest moves in the energy market as US talks with Iran continue.
On this episode of Stock Movers with Alexis Christoforous: - Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer. - JM Smucker (SJM) shares are on the move after it posted fourth-quarter profits that beat Wall Street expectations as higher prices helped boost the packaged food company. - Vail Resorts (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to "historically challenging" weather conditions in the western US. The guidance missed the average analyst estimate.
Airbus CEO Guillaume Faury comments on the planemaker's supply chain and orders during an interview with Bloomberg's Benedikt Kammel at the Berlin Aviation Summit.
Guneet Dhingra, head of US rates strategy at BNP Paribas, discusses the inflation risks he sees in markets and explains how the firm came to expect three rate hikes coming from the Federal Reserve.
Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors.
China is planning to spend around 2 trillion yuan ($295 billion) over the next five years to build data centers across the country. Neil Campling reports on Bloomberg Television.