Crypto Firm Tied to Trumps Sees Share Price Halve in 30 Minutes

Bitcoin has rebounded to a two-week high, reflecting a cautious recovery in the digital-assets market following a significant selloff that began in early October. Concurrently, the European Union has finalized a deal to accelerate the phase-out of Russian gas, impacting energy markets. Inditex, the parent company of Zara, reported a rise in November sales, indicating strong consumer spending resilience.

A recent report from Bloomberg Intelligence highlights the challenges facing China's artificial intelligence (AI) sector, indicating that while there is significant investment, the path to profitability remains long and uncertain. The analysis underscores the complexities of scaling AI technologies in a competitive landscape.

The cryptocurrency market is experiencing a rally, but analysts Mark Cudmore, Guy Johnson, and Anna Edwards suggest that this momentum may soon diminish, as discussed on Bloomberg's 'The Opening Trade.' Recent fluctuations in Bitcoin prices have raised concerns about the sustainability of this upward trend.

Wikipedia co-founder Jimmy Wales has raised concerns about the financial impact of AI bots scraping the site, emphasizing that maintaining trust within the community is a top priority. He discussed these issues during an interview with Romaine Bostick and Katie Greifeld on Bloomberg Technology.

Stocks rose as Bitcoin experienced a notable rebound, climbing back above $90,000 after a significant selloff that had previously erased nearly $1 billion in leveraged bets. This recovery was highlighted during the U.S. market close coverage on Bloomberg Television, where analysts discussed the implications for investors and the broader market.

Dell CEO Michael Dell announced a $6.25 billion initiative to provide 25 million American children with $250 each to start investment accounts, building on the earlier 'Trump accounts' initiative linked to President Donald Trump's One Big Beautiful Bill Act. This announcement was made during an appearance on Bloomberg The Close.

Sanjay Bhakta, the chief product and technology officer at Condé Nast, announced the company's intention to leverage Amazon's 'out-of-the-box' capabilities as they transition from on-premises solutions to cloud-based services during an interview on Bloomberg Tech with Ed Ludlow.

Luma AI, co-founded by Amit Jain, has announced the opening of its new offices in London, marking a significant step in its international expansion strategy. During an interview on Bloomberg Tech with Caroline Hyde, Jain emphasized the importance of Luma's video capabilities in the pursuit of artificial general intelligence (AGI).