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”.
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You Might Not Need to Toss Those Expired Covid Tests Just Yet
Stock Market Traders Discover That Bad News Is Bad After All
Argentina Inflation Spikes to 92% as Economic Growth Picks Up
Colombia Boosts Minimum Wage by 16%, Pressuring Central Bank
Mexico’s Central Bank Matches Fed With Smaller Rate Hike
Ultrafine ‘Tube Dust’ That Enters Bloodstream ‘Abundant’ On London Underground
School of Quant: At $29,000, a Public NYC College Outclasses Princeton
Tesla Says New Texas Factory Is Making 3,000 SUVs a Week
Nikola’s Ex-CEO Has Sold Stock Almost Daily for Three Months
Adobe Affirms Sales Forecast on Steady Demand for Design Software
US-Mexico Energy Trade Talks Stall Ahead of Biden’s Visit
EU Nations Back Russia Sanctions on Drone Imports, Banks
Elon Musk’s Tesla Share Sales Could Point to Debt Help for Twitter
These US Towns Got a Lot More Expensive in the Past Decade
Airline Revenue Is Pressured in ‘Off-Trend’ Calendar Quirk for Holiday Season
Chiefs’ Reid: Kelce Was Destined to Be ‘Something Special’
The SEC Wants More Stock Auctions
The Fed’s Soft Landing Might Still Be Possible
ECB Gets Hawkish on Rates While BOE Starts to Split
One Way to Boost Access to Birth Control: Skip the Prescription
The Activision-Microsoft Deal Is FTC Chair Khan’s Biggest Target Yet
A Racist Tweet Wasn’t the Only Problem at Elite London Firm
Inflation Is Eroding the Power of Basic Income Checks in America
Harvard Names First Black President as Claudine Gay Succeeds Bacow
Pacific Ocean’s Plastics Cleanup Hindered by Trade Barriers, APEC Says
BlackRock and State Street Grilled by Texas Lawmakers in ESG Debate
NYC Weed Crackdown Nets More Than $4 Million in Illegal Products
NYC Helicopters Are Back, Sending Noise Complaints Soaring 678%
NYC Wants to Cut Average Commute Times to 30 Minutes as Part of Revival Plan
What Crypto’s Decline Means for the Future of Bitcoin ATMs (Podcast)
Sam Bankman-Fried’s Arrest Shows Crypto Cops Are Catching Up
How 2022 Became A Very Bad Year for Crypto — And Its Biggest Players (Podcast)
Olga Kharif
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One of the most closely watched indicators of trader sentiment on Binance’s market-leading derivatives exchange suggests that anxiety over additional fallout from this year’s crypto market meltdown has grown.
The seven-day average of open interest for Bitcoin perpetual futures has dropped 40.3% from the start of November as of Wednesday, according to researcher CryptoCompare. Open interest is the total number of futures contracts held at the end of the trading day. Bitcoin perpetual contracts — which, unlike traditional calendar futures, don’t expire — have long been a favorite of crypto speculators because they allow them to more easily maintain leveraged bets.
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