“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Charles Cascarilla, Co-Founder & CEO of Paxos, a blockchain infrastructure platform, says we have crypto corrections because we have big booms. Alyse Killeen, Founder & Managing Partner at Bitcoin-focused venture firm Stillmark, explains how Bitcoin and crypto are different. ——– Follow […]
America’s corporate zombies, companies that aren’t earning enoughto cover their interest expenses, let alone turn a profit, are facing a challenge like never before. Lisa Lee reports on “Bloomberg markets: The Close.”
The U.S. economy is “going through a massive regime change where the pressures are inflation, rising interest rates, energy prices at levels that we haven’t seen in quite a while, and these are probably stickier than they have been in prior cycles,” Savita Subramanian, BofA Securities head of US equity and quantitative strategy, says during […]
Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Mike Bell, Global Market Strategist at JPMorgan Asset Management, says the US is less exposed to Russia shocks. Sebastien Galy, […]
President Joe Biden says the Federal Reserve will use its policy tools to address rising prices. He speaks following a rare meeting with Federal Reserve Chair Jay Powell.
The UK battery startup Britishvolt has said it will invest more than £200m in a new facility in the West Midlands to test manufacturing methods that will be used at the factory is has planned for in Northumberland. The company will lease a site in Hams Hall, Warwickshire, from the warehouse developer Prologis, with equipment […]
Foreign direct investment in Britain rebounded last year from the lows recorded in the first year of the pandemic, but it remains below the levels of 2019. Investment in growing sectors such as technology and “wellbeing” rose, but Britain lags behind its European competitors in its share of the rising number of manufacturing projects, according […]
Consumer borrowing jumped in April after households turned to credit to fund their spending as the squeeze on incomes tightened, Bank of England figures show. There was a £1.4 billion rise in borrowing on consumer credit, which is made up mainly of spending on credit cards and personal loans, when compared with March. The figure […]
Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. Boohoo, a larger online fashion specialist, had been […]
HMRC is now tracking 277 British businesses it suspects of using ‘tax havens’ to artificially reduce their tax bills in the UK, according to a City law firm. HMRC is concerned that some UK businesses are still avoiding tax in the UK by recording income in countries with zero or near-zero corporation tax. Countries traditionally […]