Bloomberg Businessweek

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1. The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was indicted on federal corruption charges. Those charges were later dropped by the Justice Department under President Donald Trump. Mamdani’s action is designed to ensure “a fresh start for the incoming administration,” the mayor’s office said in a statement. Among the orders revoked were two controversial items, including one that barred certain city officials from engaging in procurement practices “that discriminate against the State of Israel, Israeli citizens, or those associated with Israel.” It also outlined similar guidance for city pension officials to prohibit divesting from Israel-related holdings. An earlier action, adopted in June, codified a broad definition of antisemitism, which some opponents said conflated criticism of Israel’s government with prejudice against Jews. Adams maintained both orders were intended to support the city’s Jewish community, though others argued the more recent action was intended to undermine Mamdani’s term. Mamdani has been a vocal critic of Israel’s government and has supported the “Boycott, Divestment, Sanctions” movement.Today's show features: Bloomberg News New York City and State Reporter Laura Nahmias on New York City Mayor Zohran Mamdani's series of executive orders to begin his term Maribel Lopez, Founder & Enterprise AI Analyst at Lopez Research, and Carolina Milanesi, President and Principal Analyst at Creative Strategies, on what to expect at CES 2026 David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on the market outlook and the importance of gold to individual portfolios Ray Wang, CEO of Constellation Research and Co-Founder of AI Forum, and Bloomberg Tech Co-Host Ed Ludlow on Tesla ceding the title of world’s top seller of electric cars to China’s BYD See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily." Hosted by Carol Massar and Tim Stenovec Hear 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.

AST SpaceMobile Inc. this month launched its largest-ever satellite from India, the first in a series of deployments to help the company compete against Elon Musk’s SpaceX in delivering space-based connectivity to mobile phones. The BlueBird 6 satellite took flight from the Satish Dhawan Space Center in southern India aboard the Indian Space Research Organization, or ISRO’s LVM3 rocket. It reached the low-Earth orbit in about 16 minutes, the live cast on YouTube showed. The successful launch is a big boost for the Texas-based company as well as India’s space program which wants to build its orbital space station among other ambitious projects.Investors are taking notice of the growing number of publicly-traded firms within the fast-growing market for services related to space exploration, satellite technology and enhanced telecommunications. Greg Pendy serves as an equity research analyst at Clear Street, focusing on the disruptive technology sector. He discusses the key trends and firms to watch in 2026 with Carol Massar, Tim Stenovec and Bloomberg Tech Co-Host Ed Ludlow on Bloomberg Businessweek DailySee omnystudio.com/listener for privacy information.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Stocks and bonds slipped along with gold and silver on the last day of 2025, bringing a subdued close to an otherwise buoyant year across asset classes that saw US equities post their third straight double-digit gain.The S&P 500 extended a stretch of post-Christmas losses, paring the benchmark’s advance for 2025 to roughly 17%. Even so, the index is on track for its longest yearly winning streak of gains since 2021. The Nasdaq 100 was down 0.2%. Laggards include big-tech names like Microsoft Corp., Meta Platforms Inc. and Micron Technology Inc.Silver plunged as a run of heightened volatility featuring price moves of 5% or more entered a fourth day. CME Group raised margin requirements on precious-metal futures for the second time in the space of a week following the volatility.Investors have enjoyed blockbuster returns this year in a market that has been powered by optimism about the vast economic potential of artificial intelligence and primed by Federal Reserve interest-rate cuts. It hasn’t been a smooth ride, though, with traders weathering swings triggered by a range of forces including US trade policies, geopolitical tensions, concern over lofty valuations and some uncertainty around the path of central-bank monetary policy.Looking ahead into 2026, market research firm Bespoke Investment Group cautions against expecting solid market performance during the first trading day of the new year. Since 1953, the S&P 500’s median change to kick off a new year was a 0.3% drop, according to a note by Bespoke. The stock market has also traded lower on the first trading day of the each of the past three years, the note said.Today's show features: Mike Green, Chief Strategist and Portfolio Manager for Simplify Asset Management Laura Champine, Director of Research and Consumer Sector Head at Tabor Asset Management, Manos Koukoumidis, CEO of Oumi, on why the AI investing landscape may become more challenged in 2026 and where the US stands its AI arms race with China Ross Gerber, Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management, on how the battle for Warner Bros. Discovery will be won See omnystudio.com/listener for privacy information.

Bitcoin briefly topped the $90,000 mark on Monday before erasing gains, leaving traders waiting on a potential breakout after the token missed a Santa rally that sent stocks to record highs. Other cryptocurrencies had also swung, with Ether up as much as 4% to surpass $3,000 before dropping into the red. In the build up to Christmas, Bitcoin was largely unmoved despite the S&P 500 surging to a record close. The wider crypto space has yet to recover from a weeks-long selloff that began in October with the liquidation of some $19 billion worth of leveraged positions, leaving Bitcoin below where it started 2025.Abra is a global platform for digital asset prime services and wealth management that seeks to connect on-chain and off-chain ecosystems for private clients, family offices, hedge funds, venture capital and crypto infrastructure firms. The company's founder and CEO, Bill Barhydt, discusses both the investing and regulatory outlook for Bitcoin and crypto-related assets in 2026. Bill speaks with Carol Massar and Vonnie Quinn on Bloomberg Businessweek Daily.See omnystudio.com/listener for privacy information.