Bloomberg Businessweek

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

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The people, companies and trends shaping the global economy.

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Wall Street got a degree of relief as relatively tame inflation data spurred bigger bets on Federal Reserve rate cuts, with bond yields falling. While most stocks gained, weakness in tech giants kept a lid on the market.

Treasury two-year yields dropped toward their lowest since 2022. Money markets priced in higher chances the Fed will slash rates more than twice this year. About 370 shares in the S&P 500 rose, but the gauge was little changed at the end of its worst week since November. A gauge of megacaps lost 1.1%. Amazon.com Inc. saw its longest slide in almost 20 years. The Russell 2000 index of small firms climbed 1.2%. Bitcoin jumped.

The consumer price index rose 0.2% in January, the smallest gain since July and restrained by lower energy costs. While services costs picked up last month, prices of core goods remained stable. The core CPI rose from a year ago by the least since 2021. The overall gauge also eased on an annual basis.

Today's show features:
Dr. Adam Posen, President of the Peterson Institute for International Economics, on the global economic outlook and the path for US monetary policy
Christina Stembel, Founder & CEO of Farmgirl Flowers, on the importance of Valentine’s Day to her company’s annual sales
Bloomberg News Banking Reporter Todd Gillespie on Kathy Ruemmler leaving her position as the top lawyer at Goldman Sachs following a monthslong saga over her previous association with Jeffrey Epstein
Bloomberg Tech Co-Host Ed Ludlow on SpaceX considering a dual-class share structure in its planned IPO
Bloomberg News Executive Editor for Crypto, Payments and Digital Finance stacy-marie ishmael on Coinbase’s post-earnings surge and the broader crypto trade
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Brooks Running creates performance running footwear, apparel, sports bras, and accessories distributed worldwide. Since 1914, Brooks has been focused on designing products that cater specifically to how humans move, pushing the limits of motion science, engineering, and technology. Brooks is a subsidiary of Berkshire Hathaway Inc. and is headquartered in Seattle.
Dan Sheridan began his journey with Brooks in 1998 as a field rep, building and driving the company’s strategy and growth in every role as he increased his responsibilities and leadership impact. He discusses the firm's full-year results from 2025, which turned out to be a record year. Dan speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Coinbase Global Inc. showed how quickly a cooling crypto market can pressure even one of the industry’s most diversified exchanges.
Revenue in the fourth quarter tumbled a more-than-estimated 20% to $1.8 billion. The company swung to a net loss of $667 million compared with a $1.3 billion profit from the same period last year, as falling token prices drained trading activity across digital assets and forced Coinbase to mark down the value of its crypto holdings.
The results arrive as Bitcoin has fallen nearly 50% from October’s high, a retreat that has left many retail traders sitting on the sidelines and revived comparisons to earlier crypto downturns. Those cycles have often forced exchanges to retrench quickly, and early signs suggest this one may follow a similar pattern.
Rival exchange Gemini Space Station said last week that it plans to cut up to 25% of its workforce and scale back international operations, underscoring how rapidly weaker markets can translate into operational pressure. Kraken’s chief financial officer departed the exchange, which reported sequentially lower fourth-quarter revenue. Robinhood Markets Inc. said this week its revenue from crypto trading declined 38%.

Today's show features:
Bloomberg New Equities Reporter Monique Mulima breaks down quarterly earnings from Coinbase
Bloomberg News Senior Editor, Equities Americas Eric Weiner and Senior Editor Ed Harrison on continued Wall Street jitters due to concern over technology profits and the impact of AI on various sectors
Bloomberg Economics US and Canada Economist Stuart Paul on a new report from his team breaking down the potential economic costs of various geopolitical ruptures
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Advisor, on the US economic and monetary policy outlook
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Sage Geosystems is a Houston-based geothermal energy startup founded in 2020 that develops next-generation, pressure-based geothermal technology for power generation and long-duration energy storage. Their systems create artificial underground reservoirs in hot, dry rock to harness both heat and pressure for efficient electricity production.
Cindy Taff, the CEO of Sage Geosystems, is focused on advancing the deployment of her firm's energy-storage solutions worldwide. She discusses the complexities of using the same tools to unlock clean energy as are used to drill for oil, and explains why she sees the so-called "shale revolution" as a harbinger of a forthcoming "geothermal revolution." Cindy speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.
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