Crypto PAC spends $3M via Tether-linked firm
Crypto industry-backed Fellowship PAC has deployed $3 million in political advertising through a firm linked to Tether’s US leadership, as it ramps up support for pro-crypto candidates.
Crypto industry-backed Fellowship PAC has deployed $3 million in political advertising through a firm linked to Tether’s US leadership, as it ramps up support for pro-crypto candidates.
Justin Sun has criticised a new governance proposal from World Liberty Financial, calling it “absurd” and accusing the project of penalising dissenting token holders.
Pakistan has lifted a seven-year ban on crypto services, allowing banks to work with licensed digital asset firms under a new regulatory framework.
Bitcoin remains capped below $75,000 despite a modest rebound, as U.S. equities surge to fresh record highs during a strong risk-on market environment.
Bitcoin has surged about 12% since late February as the Iran conflict reshapes investor perception, with the asset outperforming both equities and gold during a geopolitical shock.
Republican divisions over surveillance powers and federal spending are stalling progress on the CLARITY Act, threatening to derail what is widely seen as the most significant US crypto legislation in years.
Ford Motor Co.'s top electric vehicle executive whose arrival at the automaker was heralded as a "watershed moment" is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations. Doug Field, 61, said Wednesday he's stepping down from his position as chief EV, digital and design officer to pursue undefined opportunities sharing what he's learned from his career at Ford, Apple Inc. and Tesla Inc. Ford said Field's duties will be assumed by Chief Operating Officer Kumar Galhotra. Bloomberg's Craig Trudell joins to discuss.
John Roberts, Mizuho Managing Director joins to discuss the supply chains in the global chemicals market continue to cause disruptions, a a volatile new cycle with cross-industry impact could be underway. Saying that everything in the synthetic world comes from the barrel of oil.
A group of Western finance ministers, said the Iran war has caused a regrettable loss of life and warned that a prolonged conflict risks derailing the global economy. The joint statement said that the growth and inflation impact will persist even if there was a lasting resolution to the conflict. "Renewed hostilities, a widening of the conflict or continued disruption in the Strait of Hormuz would pose serious additional risks to global energy security, supply chains, and economic and financial stability," the statement released by the UK government said. It marks the latest effort by Western countries to ramp up pressure on the US to end the war, which has dented their growth prospects and raised the threat of another jump in inflation. Nicola Willis, New Zealand Finance Minister joined Bloomberg Businessweek Daily to discuss the impact of the War in Iran on the global economy and New Zealand's.
"AI that was on shaky ground at the start of the year, is back," says Beata Manthey, head of European equity strategy at Citi, as she explains why her firm has upgraded US stocks.
Bloomberg's Bruce Douglas discusses the recent developments in the private credit market, highlighting significant institutional activity. Pimco's purchase of $400 million in investment-grade private credit assets at a yield of approximately 6.5% signals renewed confidence. This contrasts with a larger $750 million bond deal by Goldman Sachs offering a lower spread of around 2.5% over Treasuries, reflecting different risk and liquidity profiles.
President Donald Trump says he'll fire Federal Reserve Chair Jerome Powell if he doesn't leave the post "in time." Trump made the comments in a Fox Business interview. But it's not clear if Trump can actually dismiss Powell. Bloomberg's Michael McKee explains.