Bloomberg News

December 08, 2022 | Daily Business Review

The European Union proposed new rules Thursday to combat tax fraud and evasion in the crypto sector by requiring all digital asset service providers to report transactions involving customers residing in the bloc.

By Jorge Valero, Bloomberg News

2 minute read

December 06, 2022 | Daily Business Review

Wells Fargo & Co. Chief Executive Officer Charlie Scharf said the bank is working to find the right balance of how much to raise the rates it's paying depositors while protecting the firm's profitability.

By Sridhar Natarajan and Kevin Orland, Bloomberg News

2 minute read

December 06, 2022 | Daily Business Review

Markets struggled for direction Tuesday as traders weighed prospects for a slowdown in the pace of U.S. rate hikes against data that suggest tighter policy may be needed for longer.

By Cecile Gutscher, Bloomberg News

3 minute read

December 06, 2022 | Daily Business Review

The U.S. trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.

By Augusta Saraiva, Bloomberg News

2 minute read

November 29, 2022 | Daily Business Review

Stocks fell, with some of the world's largest technology companies leading losses as Treasury yields climbed.

By Rita Nazareth, Bloomberg News

3 minute read

November 23, 2022 | Daily Business Review

The U.S. Federal Trade Commission said Meta Platforms Inc. stifled competition when it halted plans to build its own virtual reality fitness app and opted to buy Within Unlimited Inc. instead. But the company denied that it ever planned to move forward with a product.

By Alex Barinka and Leah Nylen, Bloomberg News

5 minute read

November 22, 2022 | Daily Business Review

Cryptoasset lender Nexo Capital Inc. was sued in London by investors who allege they were blocked from withdrawing parts of their $126 million in assets from the exchange in March 2021, when one bitcoin was worth more than $54,000.

By Upmanyu Trivedi, Bloomberg News

2 minute read

November 21, 2022 | Daily Business Review

The U.S. and the European Union aim to work together to counter what they call non-market policies, including in China, according to a draft statement ahead of high-level talks due in Washington next month.

By Alberto Nardelli and Jorge Valero, Bloomberg News

4 minute read

November 21, 2022 | Daily Business Review

Exchange-issued crypto tokens such as bankrupt FTX Group's FTT can pose "extreme" risks when accepted by their issuers as collateral, Bank of England Deputy Governor Sir Jon Cunliffe said.

By Emily Nicolle/Bloomberg News

2 minute read

November 21, 2022 | Daily Business Review

The brief record rally this month in shares of unprofitable and highly valued technology companies is starting to look like a short-lived blip amid a steady drumbeat of hawkish commentary from Federal Reserve officials.

By Ryan Vlastelica, Bloomberg News

4 minute read