Ether surged to a record for the first time in almost four years, with the second-largest cryptocurrency benefiting from a renewal in demand after long being touted as a more adaptable alternative to the crypto market leader bitcoin. The native token of the Ethereum blockchain rose as much as 15 per cent to US$4,866.73, topping
Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion, according to people familiar with the matter. The talks are early and the size of
The NYSE. (Bloomberg) — Traders are snapping up risky assets of all stripes in the hope that falling US interest rates will add rocket fuel to an economy that’s so far been able to withstand the effects of Donald Trump’s trade war. Wall Street is set to extend record highs when trading begins on Wednesday,
(Bloomberg) — Apple Inc. committed to spending another $100 billion on domestic manufacturing ahead of an event with President Donald Trump, marking the latest pledge by the tech giant to increase US production as it seeks to avoid punishing tariffs on its flagship iPhones. Most Read from Bloomberg As part of what it calls the
(Bloomberg) — Swiss stock investors are bracing for Monday’s market reopening after US President Donald Trump slapped a punitive 39% export tariff on the country, among the highest in the world. Most Read from Bloomberg Trump’s tariff rollout landed on a holiday, Swiss National Day, which means any market fallout will only be felt once
(Bloomberg) — JPMorgan Chase & Co. created a unit in its commercial and investment bank focused on bespoke financing structures across public and private markets. Most Read from Bloomberg The business, dubbed strategic financing solutions, will be a collaboration between banking, markets and sales, according to an internal memo Monday. It will initially focus on
Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence start-up Scale AI, according to people familiar with the matter. The financing could exceed US$10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are
Illustration: Uli Knörzer for Bloomberg Three years into Russia’s invasion, Sergii Marchenko is courting donors and reassuring investors to ensure his country can continue fighting. June 6, 2025 at 4:00 AM EDT What does it take to run the finances of a country at war? That question is at the heart of this week’s conversation
(Bloomberg) — Solid investor demand at the Treasury Department’s $70 billion auction of new five-year notes offered the latest evidence of appetite for shorter-term securities. Most Read from Bloomberg Yields across US debt maturities edged off their session lows after the sale on Wednesday, which saw indirect bidders — a category of investors that includes
(Bloomberg) — Singapore’s financial regulator said it is engaging with Chocolate Finance, a robo-advisory firm, after the startup experienced a surge in customer requests to redeem their investments and halted instant withdrawals. Most Read from Bloomberg The Monetary Authority of Singapore said in a statement on Wednesday that the goal is “to ensure that all