Crypto Dial Down

 

Bitcoin

85,423.82USD

5,752.67–6.31%

Crypto Downturn Wipes Out Nearly $1 Billion in Levered Bets

The crypto market is on shaky ground after a weeks-long selloff.

Jane Street, Citadel Securities’ Trading Gains Cut Into Wall Street Dominance

Markets Wrap

Stock Rally Takes a Break as Crypto World Gets Hit

U.S. Factory Activity Shrinks by the Most in Four Months

Angus Mordant/Bloomberg

Costco Joins Companies Suing for Refunds If Trump’s Tariffs Fall

It’s one of the biggest corporate players to jump into a fight largely driven this year by small businesses and Democratic state officials.

COST

0.04%

US Spending Growth on Cyber Monday Seen Lagging Europe Amid Tariffs

2:50

Watch: Mets Owner Steve Cohen Gets Green Light for Casino in Queens

Steve Cohen, Bally’s Picked to Run Casinos in NYC

New York Mets owner Steve Cohen wins approval to operate a casino next to Citi Field, one of three projects tapped for gambling licenses in the city.

BALY

0.77%

Earlier

New York Casino Bidders Fall to Three With MGM’s Sudden Exit

Nolan Pelletier

 

 

 

 

 

 

 

 

 

 

 

 

 

The Big Take

The $260 Billion Funds Distorting the Credit Market

Popular with individual investors, fixed-maturity funds are hoovering up the debt of big companies, reducing borrowing costs but obscuring repayment risk.

Bloomberg Opinion

Meet Kimi K2, ChatGPT’s New Competitor

 

 

 

 

 

 

 

 

 

 

OpenAI Will Own Some Users

Thrive Holdings, portable toilets, OBR URL guessing, cat bond incentives, buffer ETFs and bioengineered meat.

By Matt Levine, Columnist

$2,000 Tariff Checks Are a Good Idea Badly Planned

By Claudia Sahm, Columnist

The Duty to Disobey Unlawful Orders Was America’s Idea

By Andreas Kluth, Columnist

A Historic Housing Disconnect Is Forcing Prices Down

By Conor Sen, Columnist

Charles Mostoller/Bloomberg

 

 

 

 

 

 

How ‘Super Roofs’ Reward Insurers, Investors and Homeowners

Investors snapped up a catastrophe bond tied to North Carolina homeowners and their insurer for installing super roofs.

Newsletter: Green Daily

The ‘Game Changing’ Cat Bond Incentivizing Adaptation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exclusive

Sequoia Bets on AI Startup to Ease Wealth Advisers’ Grunt Work

A Sequoia-backed startup is betting AI won't replace wealth advisers, but can free them from grunt work.

Nvidia Buys $2 Billion of Chip Software Maker Synopsys’ Stock

US Dept. of Defense

White House Confirms Second Strike on Alleged Drug Boat

The White House confirmed the US military ordered a second strike against a vessel in the Caribbean Sea in September, but insisted it was a lawful use of force.

 

 

 

Newsletter: Balance of Power

Trump’s Net Tightens Around Maduro’s Venezuela

Latest

21 min

Canada’s Algoma Steel to Cut 40% of Staff as Tariffs Crush Sales

24 min

Canada Reaches Deal to Join EU’s Flagship Defense Program

60 min

Trump Had ‘Preventative’ MRI of Heart, Abdomen, White House Says

1 hr

Thousands Rally Across Bulgaria Against Cabinet’s Budget Plans

1 hr

White House Confirms Second Strike on Alleged Drug Boat

1 hr

Tiny Vermont Work College Will Stop Teaching as Enrollment Dips

See all latest

In Focus

NATOCryptoUS StocksTrump’s Second TermThe FedNvidia

Listen, Watch and Catch Up

Newsletter: Odd Lots

The AI Boom Moves Into the Next Stage

Newsletter: Tech In Depth

Nvidia’s AI Primacy Suffers Hit From Bubble Believers

Newsletter: Economics Daily

Decoding Black Friday for Clues on the American Consumer

Newsletter: Supply Lines

Canada Urged to Plan for Tough USMCA Talks With Trump in 2026

Newsletter: Morning Briefing: Americas

December Starts With Renewed Crypto Selloff

Newsletter: Prognosis

Hand Sanitizers Don’t Kill Everything

Bloomberg News Now

Listen to the latest: Nvidia's $2B Synopsis Deal, Shopify’s Black Friday Surge, More

6:01

Updated 1 hr ago

Most Active US Stocks

MSTR

168.62

4.83%

Follow

Strategy’s Dollar Reserve Fails to Soothe Bitcoin-Sales Concern

CPNG

26.93

4.37%

Follow

Massive Coupang Data Leak Caps Record Year for Cyber Breaches

GOOGL

316.14

1.26%

Follow

DeepSeek Debuts New AI Models to Rival Google and OpenAI

NVDA

179.15

1.21%

Follow

Nvidia Buys $2 Billion of Chip Software Maker Synopsys Stock

Bloomberg Film

76:10

Watch: Can't Look Away: The Case Against Social Media

Can’t Look Away: The Case Against Social Media

A documentary film explores the real-world consequences of tech companies’ digital practices.

Subscriber Only

Get the Markets Daily newsletter.

What's happening in stocks, bonds, currencies and commodities right now — and what will move them next.

Preview

Tiny Vermont Work College Will Stop Teaching as Enrollment Dips

Luigi Mangione Tries to Toss Gun, Manifesto Evidence from Murder Case

U.S. Flyers Without REAL ID Will Be Able to Pay $45 to Bypass Rule

Drone Boot Camp: Army Exercises Test Soldiers, Tech and Plans for Future

Your News

Follow Topics

Choose up to 12 topics to see the latest stories on your homepage.

Recommended

Regions

Sectors

• Monetary Policy

  • Fed Flags Risks Tied to Office Space, Capital Planning

    
  • Peru Inflation Rose Less Than Expected to Fuel Rate Cut Outlook

    
  • ECB to Reboot Mindset in Bank Oversight Faulted as Risk Averse

    
  • Chile Economy Grows for Second Month Before Expected Rate Cut

    
  • .

    
• Energy

  • Canada to Boost Output of Trans Mountain Oil Pipeline Before Selling It

    
  • Gasoline Prices Fall to Four-Year Low on Cheap Oil, Flat Demand

    
  • Iraq Courts US Firms for Lukoil Stake Amid Washington Support

    
  • BP Drops UK Hydrogen Plan Amid Site Clash With Data Center

    
  • Winter Storm to Dump Rain on New York, Snowy Mix Across Midwest

    
• Crypto

  • US Stocks Slip as Crypto Rout Deepens, BOJ Hints at Policy Shift

    
  • Stablecoin Firm First Digital Eyes Listing Through SPAC Merger

    
  • Strategy’s Dollar Reserve Fails to Soothe Bitcoin-Sales Concern

    
  • Bitcoin’s BOJ Stumble Shows Dovish Fed Isn’t Enough for Crypto

    
  • Crypto Downturn Wipes Out Nearly $1 Billion in Levered Bets

 

Bloomberg Businessweek

Ricardo Tomás for Bloomberg Businessweek

Trump’s Assault on the WHO Is Forcing Radical Reform

The UN agency that responds to Ebola outbreaks and other health emergencies is in turmoil. But its leaders say it could emerge stronger.

By Ashleigh Furlong and Jason Gale

 

 

==