Business
Bitcoin Surges Past $42,000, Token Up 150% This Year
Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year. Investors are hopeful a spot Bitcoin ETF approval is coming soon. Bloomberg’s Isabelle Lee reports.
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Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin. Bloomberg’s Anthony Halpin has the details.
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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?
At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
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Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.
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President Donald Trump signed a directive renaming Lake Ontario as Lake America effective immediately. “Canada has been ripping us off for a long time on trade,” Trump told reporters in the Oval Office when asked what message he was sending to the US’s northern neighbor.
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