Crypto Firm Tied to Trumps Sees Shares Sink as Lockup Ends
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.American Bitcoin Corp. stock plunged on Tuesday after restricted shares of the crypto miner co-founded by Eric Trump were freed up to be traded. The selloff was swift. Shares lost more than half of their value in less than 30 minutes as the equity lockup expired, triggering repeated trading halts. The stock pared declines later in the trading session.Shares from a private placement that took place before American Bitcoin merged with Gryphon Digital Mining Inc. became available on Tuesday, according to the crypto miner and a post on the social media platform X by Trump.“We expect near term volatility as those shares come to market and as some investors take the opportunity to realize gains,” Matt Prusak, president of American Bitcoin, said in a statement.Crypto firms have often seen large declines after the end of share lockup periods or announcing private investment in public equity filings, as their largely retail investor base takes it as a signal to sell. Retail traders often fear that those early investors will want to lock in their gains and unload shares.Today's show features: Bloomberg News Equities Reporter Monique Mulima on the crypto market and the pullback in shares of Eric Trump’s American Bitcoin Corp. Alan Zafran, Co-Founder and Managing Partner of IEQ Capital on the credit market outlook and AI bubble concerns Bloomberg News Wealth Reporter Biz Carson on Michael Dell’s $6.25 billion donation to help fund ‘Trump Accounts’ for American children Louise Phillips Forbes, Real Estate Broker for Brown Harris Stevens, on the outlook for New York City real estate under Mayor-elect Zohran Mamdani See omnystudio.com/listener for privacy information.
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Zscaler CEO Jay Chaudhry on Battling Global Cyber Threats
Cybersecurity giant Zscaler is a pioneer and global leader in zero trust security. Many of the world’s largest businesses, critical infrastructure organizations, and government agencies rely on Zscaler to secure users, branches, applications, data & devices, and to accelerate digital transformation initiatives.The company says its "Zero Trust Exchange" platform is distributed across 160+ data centers globally, and combines with advanced AI to help combat billions of cyber threats and policy violations every day Jay Chaudhry, Zscaler's Founder, Chairman and CEO, discusses his firm's most recent earnings as well as the landscape for cybersecurity as a service. Jay speaks with Carol Massar, Tim Stenovec, and Mandeep Singh, the Global Head of Technology Research for Bloomberg Intelligence, on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.
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Stock Rally Takes a Break as Crypto World Gets Hit
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The start of a historically strong month on Wall Street saw stocks falling as traders shunned riskier corners of the market amid a selloff in cryptocurrencies. A rout in Japanese debt rippled through global bonds. Caution prevailed after a rally that drove the S&P 500 to its longest streak of monthly gains since 2021. The Russell 2000 gauge of small caps slid over 1%. Nearly $1 billion of leveraged crypto positions were liquidated during a sharp drop in prices that brought fresh momentum to a wide-ranging industry plunge. Bitcoin sank to around $85,000. Despite the reduced appetite for risk, Treasuries kicked off the week on the back foot as Japan’s bond yields climbed after comments from the central bank chief spurred rate-hike wagers.Equities lost steam after investors wrapped up a choppy November with gains amid growing speculation that the Federal Reserve is more likely than not to ease policy this month. Today's show features: Doug Ciocca, CEO of Kavar Capital, on markets, the economy and investment strategies to close out 2025 Bloomberg Tech Co-Host Ed Ludlow on Nvidia’s $2 billion investment into chip-design software maker Synopsis Christina Lee, Managing Director and Co-Portfolio Manager for US Private Debt Strategy at Oaktree Capital Management on the health of the US credit market Dana Telsey, Founder, CEO and Chief Research Officer of Telsey Advisory Group, recaps Black Friday and breaks down key retail spending trends for Cyber Monday See omnystudio.com/listener for privacy information.
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Black Friday Special
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.On this special edition of the show following Thanksgiving, Carol Massar and Vonnie Quinn discuss the day's trade, the state of the consumer and more.Today's show features: Dan O'Connell, CEO of Front Natalie Kotlyar Managing Principal & National Retail Consumer Products Industry Leader at Bdo Clint Henderson, Managing Editor at The Points Guy Norah Mulinda, Bloomberg TV markets correspondent on the day's trade See omnystudio.com/listener for privacy information.
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Bloomberg Businessweek Weekend - November 28th, 2025
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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