Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.
Defiant Bulls Stand Up to Fed With Trillion-Dollar Stock Rally
US Banks See Customers Demanding Higher Yields on Deposits
Yellen, Powell Compromised on a Comma as They Vied for Fed Chair
BNY Mellon to Cut About 3% of Staff as Wall Street Retrenches
Summers Says Recession Still Looms, Fed Getting Closer to Done
Defiant Bulls Stand Up to Fed With Trillion-Dollar Stock Rally
Renault Offers Concessions to Strike Nissan Deal
Musk Bid to Move Securities-Fraud Trial Out of San Francisco Is Rejected
European Earnings Next Week Show Testing Times for Ericsson
National Instruments Rises as Much as 19% on Plan to Explore Sale
Austin Starts Program to Help Fly Asylum Seekers Out of Texas
Chicago Mayoral Candidate Garcia Puts Crime at Heart of Race
Ackman Cites Past Spitzer Probe in Defending Bankman-Fried
Jamie Dimon Calls JPMorgan’s Frank Acquisition a ‘Huge Mistake’
Review: Glossy ‘House Party’ Remake Falls Short on the Fun
Kentucky, Calipari Frustrated By Season-long Struggles
Exxon Made Shockingly Accurate Climate Forecasts Decades Ago
US Banks Have Millions of Consumers to Thank
Can the World Afford to Carry on Skiing?
What We Got Right and Wrong About 2022
On the Hot Seat for 2023: Masayoshi Son, Changpeng Zhao and More
Will You Finally Break Up With Twitter This Year?
Supreme Court to Consider Expanding Rights of Religious Workers
Trump’s Attack on NY Sexual Assault Law Called ‘Absurd’ By Judge
Storms Show California’s Outdated Plumbing Puts Economy at Risk
Biden Backs Nevada Lithium Mine With $700 Million Loan Offer
NYC Mayor Adams Pleads for Emergency Aid to House Migrants
Where Internet Connection Costs More in the US
New York State Joins the YIMBY Fray
Gemini and Genesis Battle It Out (Podcast)
Japan Expects Local FTX Clients to Get Funds Back From February
Bitcoin Mining in 2023: No Rest for the Weary (Podcast)
Vildana Hajric
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The mention of crypto at a holiday party likely stoked talk of crisis, fraud and the end of an era. But with everyone back at work, the biggest digital currency of them all — Bitcoin — is ripping through a nine-day rally.
Bitcoin rose 7.2% on Thursday to trade around $18,830, its highest since early November, when the first signs of trouble at the FTX exchange began a tale of bankruptcy and criminal charges that has decimated the crypto industry. The cryptocurrency is on pace for its longest winning streak since the heydays of July 2020, Bloomberg data show.
