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(Bloomberg) -- A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See

Cryptocurrencies have had an incredible run over the past few months, but that's coming to an end as many altcoins are crashing this week. According to data provided by S&P Global Market Intelligence, Solana (CRYPTO: SOL) had dropped 14.5% over the past week as of 4 p.m. ET, Chainlink (CRYPTO: LINK) was down 15.9%, Sui (CRYPTO: SUI) had fallen 14.9%, and Cardano (CRYPTO: ADA) was down 17.4%. President Donald Trump said tariffs on imports from China, Canada, and Mexico could begin next week and more may be coming.

(Bloomberg) -- Treasury Secretary Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts, and sees potential for inflation to return to the Federal Reserve’s 2% target “quickly.”Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityShelters Await Billions in Federal Money for Homelessnes

Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors, except for communications services. In healthcare, net selling by hedge funds was entirely driven by short positions and ranked close to the highest level seen over the past five years.

Democratic politicians are calling for restrictions on politicians profiting from the launch or promotion of memecoins.

Elon Musk may be known as one of Dogecoin’s biggest fans, even naming his Department of Government Efficiency after the memecoin. But he doesn’t think everyone should spend a lot of cash on them.

Super Micro stock plunged 26% this week, extending the stock’s long streak of volatility as investors weigh the company’s AI-fueled growth against questionable accounting practices, growing competition, and larger economic uncertainties.

(Bloomberg) -- The US Treasury market posted its biggest monthly gain since July, ending the period with short-term yields back below 4% as benign inflation data boosted wagers on Federal Reserve interest-rate cuts.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Bui

(Bloomberg) -- The US Securities and Exchange Commission has kicked off the new year with a makeover, wiping clean its slate of crypto enforcement actions and turning what was once a hostile landscape for digital assets into a potential haven.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Inve

KPMG has been granted a license to practice law in the US by the Arizona Supreme Court in a first for a Big Four firm.