"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: FG Nexus CEO of Digital Assets Maja Vujinovic and Chainalysis Co-Founder CEO Jonathan Levin. (Source: Bloomberg)
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: FG Nexus CEO of Digital Assets Maja Vujinovic and Chainalysis Co-Founder CEO Jonathan Levin. (Source: Bloomberg)
A new Joseph Rowntree report underlines the corrosive impact of years of anti-welfare rhetoric. A reframing of the debate is urgently needed The Joseph Rowntree Foundation’s latest report on poverty in the UK, published this week, should be read first and foremost as an indictment of all Conservative governments between 2010 and 2024. During almost a decade and a half of Tory rule, the JRF estimat...
A new Joseph Rowntree report underlines the corrosive impact of years of anti-welfare rhetoric. A reframing of the debate is urgently needed The Joseph Rowntree Foundation’s latest report on poverty in the UK, published this week, should be read first and foremost as an indictment of all Conservative governments between 2010 and 2024. During almost a decade and a half of Tory rule, the JRF estimates that no progress at all was made in reducing overall levels of relative hardship. No surprise perhaps. Through wide-ranging, ideologically driven welfare cuts, ministers actively sought to make life harder, not easier, for many of the least well-off. The grim legacy of that approach is that in 2023-24 – the last dataset available – about one in five people were in relative poverty, defined as less than 60% of median income. But it also turns out that 6.8 million people were struggling to survive on far, far less than that, having effectively been economically cut adrift. Some 3.8 million people experienced destitution in 2022. As the JRF’s chief analyst, Peter Matejic, puts it: “Poverty in the UK is still not just widespread, it is deeper and more damaging than at any point in the last 30 years.” Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
House Minority Leader Hakeem Jeffries (D-NY) speaks at a press conference with other House Democrats at the U.S. Capitol in Washington, DC on Jan. 22, 2026. Nathan Posner | Anadolu | Getty Images House Democratic leaders on Tuesday threatened to begin impeachment proceedings against Department of Homeland Secretary Kristi Noem if President Donald Trump does not fire her first. Noem has faced incre...
House Minority Leader Hakeem Jeffries (D-NY) speaks at a press conference with other House Democrats at the U.S. Capitol in Washington, DC on Jan. 22, 2026. Nathan Posner | Anadolu | Getty Images House Democratic leaders on Tuesday threatened to begin impeachment proceedings against Department of Homeland Secretary Kristi Noem if President Donald Trump does not fire her first. Noem has faced increased pressure in recent days for her comments in the wake of the shooting of Alex Pretti , a U.S. citizen killed by federal agents in Minneapolis on Saturday. "The violence unleashed on the American people by the Department of Homeland Security must end forthwith. Kristi Noem should be fired immediately, or we will commence impeachment proceedings in the House of Representatives," the Democrats said in a statement. "We can do this the easy way or the hard way," they said. Read more CNBC politics coverage Alex Pretti killing: Minnesota CEOs, including UnitedHealth, Target, call for 'immediate deescalation ' After Minneapolis shooting, government hurtles toward shutdown over DHS funding Trump threatens to impose 100% tariff if Canada makes deal with China Trump withdraws 'Board of Peace' invitation to Carney in widening rift House passes final funding bills 8 days before shutdown, Senate now will consider Greenland PM: Trump-NATO deal framework unclear, sovereignty is a red line Trump sues Jamie Dimon, JPMorgan Chase over debanking the suit calls 'political' Trump says he reached Greenland deal 'framework' with NATO, backs off tariffs Trump interview live updates: CNBC's Joe Kernen sits down with the president at Davos In the aftermath of Pretti's killing, Noem claimed he had been "brandishing" a weapon and that he had responded "violently" to officers' attempts to disarm him, claims that were later contradicted by video analysis and analyses from multiple news outlets. Trump on Tuesday said "no" when a reporter at the White House asked him if Noem would leave her post. This ...
Checks and balances will be needed under the home secretary’s new vision of policing, with its ‘British FBI’ The police, said the home secretary, Shabana Mahmood, in the House of Commons on Monday, is “the last great unreformed public service”. Her white paper aims to redraw the policing map of England (though policing is devolved, the other nations will feel the effects). If she succeeds, the cur...
Checks and balances will be needed under the home secretary’s new vision of policing, with its ‘British FBI’ The police, said the home secretary, Shabana Mahmood, in the House of Commons on Monday, is “the last great unreformed public service”. Her white paper aims to redraw the policing map of England (though policing is devolved, the other nations will feel the effects). If she succeeds, the current patchwork will be replaced by a multi-tier system. The 43 existing police forces, most serving a single county, will be abolished and replaced with a smaller number of bigger organisations. Above all this will sit a new National Police Service – likened to a British FBI – that will take over responsibility for counter-terrorism from London’s Metropolitan police, and for serious and organised crime from the National Crime Agency set up under David Cameron. It will also take over major fraud investigations, as well as functions of the National Police Chiefs’ Council and the College of Policing. Training, standards and leadership will henceforth be under one umbrella. The leader of this organisation will be the country’s most senior officer. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
(RTTNews) - C&F Financial Corp. (CFFI) revealed earnings for its fourth quarter that Increased, from last year The company's earnings totaled $6.71 million, or $2.07 per share. This compares with $6.02 million, or $1.87 per share, last year. C&F Financial Corp. earnings at a glance (GAAP) : -Earnings: $6.71 Mln. vs. $6.02 Mln. last year. -EPS: $2.07 vs. $1.87 last year. The views and opinions expr...
(RTTNews) - C&F Financial Corp. (CFFI) revealed earnings for its fourth quarter that Increased, from last year The company's earnings totaled $6.71 million, or $2.07 per share. This compares with $6.02 million, or $1.87 per share, last year. C&F Financial Corp. earnings at a glance (GAAP) : -Earnings: $6.71 Mln. vs. $6.02 Mln. last year. -EPS: $2.07 vs. $1.87 last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Jeff Bezos’s Amazon MGM Studios is to release its feature-length documentary about Melania Trump, directed by Brett Ratner, a formerly exiled film-maker accused of sexual misconduct by multiple women. The film was screened at a promotional event at the White House attended by what the Hollywood reporter described as '70 assorted VIPs', including Amazon’s Andy Jassy, Apple’s Tim Cook and Mike Tyson...
Jeff Bezos’s Amazon MGM Studios is to release its feature-length documentary about Melania Trump, directed by Brett Ratner, a formerly exiled film-maker accused of sexual misconduct by multiple women. The film was screened at a promotional event at the White House attended by what the Hollywood reporter described as '70 assorted VIPs', including Amazon’s Andy Jassy, Apple’s Tim Cook and Mike Tyson. Bezos bought the rights to the film for $40m (£30m) and spent a further $35m on a global marketing push – but so far, ticket sales are reportedly ‘soft’. It is expected to be screened in more than 100 UK cinemas Continue reading...
Key Points SoundHound's top line is surging as it tackles the opportunity in voice-based generative artificial intelligence. Despite solid momentum, SoundHound struggles with cash burn and an acquisition-reliant growth strategy. 10 stocks we like better than SoundHound AI › Sometimes, stocks that were previously popular fall out of favor, prompting deal-hungry investors to take a closer look. With...
Key Points SoundHound's top line is surging as it tackles the opportunity in voice-based generative artificial intelligence. Despite solid momentum, SoundHound struggles with cash burn and an acquisition-reliant growth strategy. 10 stocks we like better than SoundHound AI › Sometimes, stocks that were previously popular fall out of favor, prompting deal-hungry investors to take a closer look. With shares down by 34% over the last 12 months, Soundhound AI (NASDAQ: SOUN) certainly fits into the category. Shares in the company, which provides voice recognition technology powered by artificial intelligence (AI), soared in early 2024 after filings showed that the industry-leading chipmaker Nvidia owned a stake, only to fall back down to earth when the hype faded and the market realized that Nvidia had sold its position. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » In the future, SoundHound's performance will likely depend on its actual fundamentals. Investors will be curious to know if it can maintain its above-average growth, establish a moat against competition, and -- most importantly -- demonstrate a pathway to sustainable profitability. Let's dig deeper to see what the next five years might have in store. A natural synergy between technologies Automated speech-recognition software has been around for a while now. We are all familiar with Apple's digital assistant Siri, which came out in 2011, as well as those interactive voice response (IVR) systems used (somewhat frustratingly) for customer service. AI large language models (LLMs) fix the limitations of these older technologies by allowing them to actually interact with the user in a more useful and humanlike way. The combination of speech recognition with LLMs will be key to bringing AI into some of its most exciting uses over the long term, such as humanoid robots. However, for now, SoundHound is tackling the opportunity's l...
Person In Critical Condition After Border Patrol-Involved Shooting In Arizona A person is in critical condition following a shooting incident early Tuesday morning in Pima County, Arizona. Photo via KVOA Emergency responders from the Santa Rita Fire District (SRFD) and American Medical Response arrived on the scene around 7:30 a.m., where they found one individual in custody who was in critical co...
Person In Critical Condition After Border Patrol-Involved Shooting In Arizona A person is in critical condition following a shooting incident early Tuesday morning in Pima County, Arizona. Photo via KVOA Emergency responders from the Santa Rita Fire District (SRFD) and American Medical Response arrived on the scene around 7:30 a.m., where they found one individual in custody who was in critical condition, KVOA reports. First responders provided immediate medical care before the patient was transferred to a local medical helicopter, which took the person to a regional trauma center. The Pima County Sheriff's Department and the FBI are assisting in the investigation. Stay tuned for updates... Tyler Durden Tue, 01/27/2026 - 13:48
Maria Vonotna/iStock via Getty Images Fund performance The Fund rose by 4.95% over the quarter, outpacing the benchmark by 16 basis points. The AI-driven rally lifted several of our tech holdings. In Taiwan, semiconductor chip testing manufacturer Chroma ATE rallied on expectations that the company will continue to benefit from accelerating demand for its products and services, with improving prof...
Maria Vonotna/iStock via Getty Images Fund performance The Fund rose by 4.95% over the quarter, outpacing the benchmark by 16 basis points. The AI-driven rally lifted several of our tech holdings. In Taiwan, semiconductor chip testing manufacturer Chroma ATE rallied on expectations that the company will continue to benefit from accelerating demand for its products and services, with improving profit margins supported by strong pricing power. ASE Technology, the world’s largest pure- play semiconductor assembly and test service provider, also fared well, buoyed by rising demand for AI applications. Similarly in South Korea, memory chip producers Samsung Electronics and SK Hynix were major contributors at the stock level. On the flip side, Chinese stocks sold off as investors took profit amid softer domestic growth and the underwhelming government response. Consumer-related stock Tencent came under pressure, despite its robust prospects, though the relatively light exposure to Alibaba proved constructive. Anta Sports, an apparel and sportswear provider, retreated on the back of lower-than-expected sales growth, partially attributed to warmer weather which dampened seasonal demand for autumn/winter clothing lines. Video game developer NetEase also underperformed amid a decline in mobile game revenues, though its overseas business showed encouraging momentum. Separately, Sands China, an operator of casino and hotel resorts in Macau, was weighed down by weaker-than-expected gaming revenue growth in December, following a strong recovery in growth earlier in the year. Cumulative and annualized total return as of December 31, 2025 (%) Fund (NAV) Market Price Benchmark 10 Years (p.a.) 8.84 8.81 8.89 5 Years (p.a.) 6.28 6.22 8.85 3 Years (p.a.) 19.99 19.88 19.04 1 Year 38.14 37.77 33.57 Year to Date 38.14 37.77 33.57 3 months 4.37 3.88 4.73 1 month 2.94 2.30 2.99 Click to enlarge Benchmark: MSCI Emerging Markets Index (Net TR) from February 29, 2024. MSCI All Country World In...
gazanfer/iStock via Getty Images It has been a long, winding trip through the wilderness for investors in international equities. To visualize this journey consider the price action of the iShares International Select Dividend ETF ( IDV ). Since topping shortly after its debut in 2007, the price dropped massively during the 2008 financial crisis and has not yet recovered, although the total return...
gazanfer/iStock via Getty Images It has been a long, winding trip through the wilderness for investors in international equities. To visualize this journey consider the price action of the iShares International Select Dividend ETF ( IDV ). Since topping shortly after its debut in 2007, the price dropped massively during the 2008 financial crisis and has not yet recovered, although the total return with dividends reinvested since inception is positive at 4.47% annualized. On a price basis, shares closed at a maximum daily closing price of $41/share on June 19th 2014. Thus, the early days of 2026 represent a breakout from a 17 year trading range (2009-2026). Despite the massive surge, IDV is still very cheap relative to the S&P 500 ( SPY ), on the basis of price/book and price/earnings. Data by YCharts Despite its preeminent status today, the US stock market has traversed through the wilderness as well. In 1966 the Dow Jones Industrial Average ( DIA ) peaked around 995. From there, it failed to establish new all-time highs until 1982, a period of 16 years. The bottom in the early 1980's was marked by persistently high inflation, which depressed the earnings power of stocks in the index. The Dow Jones Industrial Average 1949 through 1986 (macrotrends.net) Furthermore, 1982 represented a psychological turning point for US stocks that was marked by: Deep Pessimism: Business Week famously declared the "Death of Equities" on a 1979 cover. Finally, in 1982 equities began a huge rally, but few noticed. Low Valuations: The S&P 500 ( SPY ) bottomed in 1979 at a P/E of around 7x and a price/book of 0.9x in 1982. Economic Malaise: Inflation surged in the 1970s with Paul Volcker finally breaking the curse of inflation by hiking the Fed Funds Rate to nearly 20%. In 1982 rates finally fell, fueling the equity rally. Geopolitical and Monetary Shifts: In 1971 with the end of the gold standard in the US, a shift began toward the US dollar's global dominance as the world's reserve curr...
John M. Chase Corning's ( GLW ) $6B deal with Meta ( META ) to supply optical fiber to the latter's data centers should boost Corning's optical business significantly, Morgan Stanley said. Corning shares surged more than 16% on the back of the deal, ahead of the company's fourth-quarter results, set to be released tomorrow. “[We] were expecting there could be upward stock movement if there were to...
John M. Chase Corning's ( GLW ) $6B deal with Meta ( META ) to supply optical fiber to the latter's data centers should boost Corning's optical business significantly, Morgan Stanley said. Corning shares surged more than 16% on the back of the deal, ahead of the company's fourth-quarter results, set to be released tomorrow. “[We] were expecting there could be upward stock movement if there were to be news announcements ahead of earnings,” Morgan Stanley analyst Meta Marshall wrote in a note to clients. “While we thought an announcement could be more definitive on timing of scale-up investment, Corning's $6B agreement with Meta through 2030 for optical fiber, cable, and connectivity is of significant size for all potential markets (scale-up, - out, -across, but view as primarily scale-out).” Marshall, who has an Equal-Weight rating and $98 price target on Corning, said that as concerns about power continue to rise, fiber getting closer to compute becomes paramount, with optical fiber solving the density and scale demands. Additionally, Marshall said that the company's optical business (which accounts for roughly 40% of overall revenue) is only poised to get bigger with this deal. “Corning mentioned that Meta is currently not Corning's largest AI customer, but Meta will become the largest AI customer with this deal,” she wrote. “While we had not been expecting a raise to Project Springboard targets on Q4 earnings tomorrow, with the 30% enterprise Optical 23-27 CAGR staying in place given supply limitations, we now see more of an opportunity for the target to be raised to incorporate [the] META agreement.” More on Corning, Meta Meta: The Moneymaker Without Strong AI Capitalization Meta Pre-Earnings: Capex Fears Equal Buying Opportunity Meta's Q4 Setup: Strong Signals Across The Board Corning Q4 2025 Earnings Preview Meta Q4 Earnings Preview: Capital Expenditure and AI Growth in focus
March ICE NY cocoa (CCH26) today is up +68 (+1.56%), and March ICE London cocoa #7 (CAH26) is up +5 (+0.16%). Cocoa prices are moving higher today as a plunge in the dollar index (DXY00) to a 4.25-month low has sparked short covering in cocoa futures. However, gains in London cocoa are muted after the British pound (^GBPUSD) rallied to a 4.25-year high today. The stronger pound weighs on cocoa pri...
March ICE NY cocoa (CCH26) today is up +68 (+1.56%), and March ICE London cocoa #7 (CAH26) is up +5 (+0.16%). Cocoa prices are moving higher today as a plunge in the dollar index (DXY00) to a 4.25-month low has sparked short covering in cocoa futures. However, gains in London cocoa are muted after the British pound (^GBPUSD) rallied to a 4.25-year high today. The stronger pound weighs on cocoa priced in sterling terms. Don’t Miss a Day: Also, West African producers are holding back supplies due to low prices. Monday's cumulative data showed that Ivory Coast farmers shipped 1.20 MMT of cocoa to ports in the current marketing year (October 1, 2025, through January 25, 2026), down -3.2% from 1.24 MMT in the same period a year ago. The Ivory Coast is the world's largest cocoa producer. Last Friday, NY cocoa sank to a 2-year nearest-futures low, and London cocoa plunged to a 2.25-year nearest-futures low amid abundant supplies and falling demand. The International Cocoa Organization (ICCO) reported last Friday that 2024/25 global cocoa stocks rose +4.2% y/y to 1.1 MMT. Demand concerns have recently hammered cocoa prices as consumers continue to balk at the high price of chocolate. On Wednesday, Barry Callebaut AG, the world's largest bulk chocolate maker, reported a -22% decline in sales volume in its cocoa division for the quarter ending November 30, citing "negative market demand and a prioritization of volume toward higher-return segments within cocoa." Grinding reports also showed weak demand. On December 15, the European Cocoa Association reported that Q4 European cocoa grindings fell -8.3% y/y to 304,470 MT, a bigger decline than expectations of -2.9% y/y and the lowest for a Q4 in 12 years. On December 16, the Cocoa Association of Asia reported that Q4 Asian cocoa grindings fell -4.8% y/y to 197,022 MT. Also, the National Confectioners Association reported Q4 North American cocoa grindings rose only +0.3% y/y to 103,117 MT. Favorable growing conditions in West Afr...
Chayada Jeeratheepatanont/iStock via Getty Images Thesis Seeking Alpha CoStar Group ( CSGP ) rose after Dan Loeb’s Third Point launched a proxy challenge, arguing that years of unchecked residential spending, especially at Homes.com, have hidden the strength of CoStar’s highly profitable commercial real estate subscription business. After going over the details, I’m leaning bullish on the shares. ...
Chayada Jeeratheepatanont/iStock via Getty Images Thesis Seeking Alpha CoStar Group ( CSGP ) rose after Dan Loeb’s Third Point launched a proxy challenge, arguing that years of unchecked residential spending, especially at Homes.com, have hidden the strength of CoStar’s highly profitable commercial real estate subscription business. After going over the details, I’m leaning bullish on the shares. Ultimately, I think the core business is strong and profitable, and activist pressure raises the odds of better capital discipline and value creation. A Challenge to Unchecked Expansion Dan Loeb didn't get to where he is today by launching proxy fights merely for sport. When Third Point releases a public letter and proposes its own list of directors, it means the firm believes the company has real value that isn’t being realized because management is making poor decisions about how money is spent and invested. And that’s exactly the case they’re making here. In a nutshell, the message to the board was: stop expanding in too many directions, focus again on CRE, and explain why billions of dollars were spent on residential projects like Homes.com with very little to show for it. After years of heavy spending, the strategy became unfocused , and trust was damaged. Unfortunately, investors have been feeling it; momentum’s been abysmal. Seeking Alpha Of course, none of this should come as a big surprise. Last April, in Third Point’s first-quarter investment letter about CoStar, the firm said it sees CoStar as a top-tier real estate tech company. Third Point believes CoStar has a dominant share of its markets, a strong ability to raise prices, and a core business that has grown EBITDA by about 20% per year for the past ten years. Even at that time, they said heavy spending on Homes.com was hurting overall performance. They pointed out that “expanding losses at Homes.com have obscured rapid growth in the core business and reduced consolidated EBITDA by approximately 80%.” After di...
One of China’s largest mining companies has taken control of three gold mines in Brazil in a deal worth about US$1 billion, as gold prices hit historic highs amid rising economic and geopolitical uncertainty in the United States and a global flight to safe assets. CMOC said on Tuesday it assumed operational control on January 23 after Brazilian regulators approved the transfer of the Aurizona mine...
One of China’s largest mining companies has taken control of three gold mines in Brazil in a deal worth about US$1 billion, as gold prices hit historic highs amid rising economic and geopolitical uncertainty in the United States and a global flight to safe assets. CMOC said on Tuesday it assumed operational control on January 23 after Brazilian regulators approved the transfer of the Aurizona mine in Maranhao, the Riacho dos Machados mine in Minas Gerais and the Complexo Bahia, which includes the Fazenda and Santa Luz mines. “With the incorporation of gold operations into its Brazilian portfolio, CMOC advances its sustainable growth strategy, broadens the diversification of its businesses and strengthens its global presence,” the company said in a statement. Advertisement “The transaction enhances synergies with existing assets in the country and ... reinforces the company’s positioning in the global gold market, in alignment with corporate guidelines and its long-term sustainable growth strategy.” The acquisition was announced in late December , when CMOC confirmed it had reached an agreement with Equinox Gold Corp of Canada, marking its entry into Brazil’s gold sector and strengthening its presence in the country where it already runs niobium and fertiliser operations. CMOC is one of the world’s largest diversified mining groups. Photo: Handout Equinox stated that it would receive US$900 million in cash at closing and could receive up to US$115 million in additional payments around one year later depending on performance and other adjustments.