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The Latest Breaking News from Bloomberg TV

Andrew Cuomo on Trump's Billion-Dollar Crypto Fortune: 'Public Cynicism is 'Very High,' Hope They Build in Full Disclosure and 'Clear Ethics Guidelines'

Former New York Governor Andrew Cuomo advocated on Tuesday for clear ethics guidelines in the cryptocurrency legislation amid mounting controversy over President Donald Trump’s cryptocurrency earnings.

Benzinga

UK banks still lack access to Mythos AI model, Bank of England governor says

Bailey, speaking to Bloomberg TV, said Anthropic was willing to share ‌the models on ⁠a ⁠trial basis but there appeared to be a political hold-up.

The Economic Times

'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trend

JPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more AI experts and fewer traditional bankers. This shift aims to boost productivity and change the nature of banking roles. Existing employees facing job obsolescence will be retrained or redeployed.…

The Economic Times

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Founder of $30 billion defense tech company Anduril embraces Trump’s threat to crack down: It’s ‘good to scare people sometimes’

When dealing with public money “the public should be able to impose whatever restrictions they want on you,” Luckey said.

Fortune

Unions warn Reeves they could abandon Labour if she ‘panders to the right’ with more welfare cuts

Exclusive: FBU general secretary Steve Wright has warned that there is growing pressure on unions to disaffiliate from Labour ending political donations

The Independent UK

Teucrium CEO Praises $XRP Army, Says Altcoin Has 'True Use Case'

Teucrium launched an $XRP ETF and, in an interview, CEO Sal Gilbertie explained why the asset adviser chose the XRP Ledger's native cryptocurrency for an ETF and also lauded the $XRP Army.

International Business Times

LinkedIn cofounder Reid Hoffman says it’s not the speed of the Trump administration’s changes that pose a danger to U.S., it’s the ‘unwarranted’ risks

“Governments are not companies,” Hoffman said. “You actually have to say, ‘We take less risk here, even at the price of some inefficiency.’”

Fortune

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Wall Street's recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war

"If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up."

Fortune

SEC Drops Investigations Into Robinhood Crypto, Uniswap, Driving $UNI Price Up

The SEC has dropped its investigations into Robinhood Crypto and Uniswap, marking what Uniswap said was a "win for DeFi" as the Wall Street regulator pivots toward a more positive approach in regulating digital assets.

International Business Times

The dollar will stay strong if the world keeps 'shoveling all of its savings' into US stocks, strategist says

"If my neutral rate is higher than your neutral rate, my currency ought to be going up forever."

Fortune

Bluesky COO Rose Wang Addresses Platform's Anti-Musk Label, Monetization Plans: 'We Would Never Put Speech Behind A Paywall'

Bluesky COO Rose Wang clarified the platform's political neutrality, emphasizing its commitment to serving a diverse global user base and stated that it would never charge for core features like speech, while also discussing its rapid growth, plans for subscriptions, and remote team structure.

Benzinga

The relentless stock market rally could pull off another shocker

The stock market shocked Wall Street last year with a massive gain, and it could top that this year with an even bigger surge.

Fortune

‘The Black Swan’ author is really afraid of what’s happening to the U.S. dollar

“That is harming the United States enormously,” Nassim Taleb warned.

Fortune

An Israel-Iran war of attrition will be the new reality for a long time, scholar says

"I think the hope of the international community at this point is to avert a World War III rather than this smaller-scale war of attrition."

Fortune

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Fortune

America may lose its economic exceptionalism because of the Fed, El-Erian warns

"This is the first time that I have a growth scare," said top economist Mohamed El-Erian.

International Business Times

House's Bipartisan Support For FIT21 Should Be 'Wakeup Call' To Senate, Says McHenry

The support of 71 Democrats who voted Yes for FIT21 should be a "wakeup call" to senators and push them to also pass the bill so the digital assets can finally have a regulatory form, Rep. Patrick McHenry said.

Evening Standard

Bank of England’s Mann says markets pricing in too many interest rate cuts this year

The Monetary Policy Committee’s biggest hawk warned that investors are still “too complacent” in betting on a rapid series of rate cuts later this year.

TechRadar

Apple's patent rival claims the Apple Watch's blood oxygen feature is unreliable

Masimo CEO Joe Kiani has made some controversial comments about Apple's tech in a Bloomberg interview.

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Reason

The Wildly Misleading Statistic at the Center of the FTC's Antitrust Case Against Amazon

Lina Khan says this number is crucial to understanding Amazon's monopoly power, but she's either confused or lying about what it means.

Fortune

Under fire, Fitch defends U.S. credit rating downgrade

Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.

InsideEVs

Rivian CEO Talks About European Expansion, Underpromising, And Overdelivering

During a recent interview Rivian's founder and CEO, RJ Scaringe, said that Rivian now has an operational base in Europe, which includes servicing and parts procurement.

Tribune News Service

Blinken’s China trip yields best possible result: more talks

Secretary of State Antony Blinken got a muted reception when he arrived in Beijing: a lone Foreign Ministry official there to meet him and no red carpet, just red lines on the runway that social media users joked were a symbol of China’s unwillingness to compromise on issues like Taiwan.

Fortune

JPMorgan assures investors Jamie Dimon has no plans to run for U.S. President—yet

One of the biggest questions on Wall Street is who can replace Dimon at the helm of the world's most valuable bank. Fortunately, it says he's not going anywhere.

Fortune

'It really disturbs me to say this, but I think I agree with Larry.' Paul Krugman sides with frenemy Larry Summers on inflation fight.

Both economists think the U.S. Federal Reserve is just as likely to overestimate inflation as underestimate it.

Reuters

Germany will not fall into recession, Scholz tells Bloomberg TV

German Chancellor Olaf Scholz said on Tuesday he was convinced Europe's largest economy would not fall into a recession despite soaring energy and food prices in the wake of Russia's invasion of Ukraine.

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