Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Space missions usually take years to prepare. Now the European Space Agency is designing one that can spring into action when an interstellar object appears, allowing a close-up look before it passes us by.
ECB’s Nagel Wants More Rate Hikes, Says German Recession Likely
Indonesia Ramps Up Grain Production to Improve Food Security
Mexico Considers Incentives to Attract Semiconductor Investment
UK Equips Nurses with Smart Goggles to See More Patients
Uber and Lyft Drivers’ Complaints Are a Startup Opportunity
Leader of Peru’s 2005 Uprising to Be Released Early From Prison
Pence Says He Didn’t Leave Office With Classified Material
BlackRock Warns SEC’s Plans on ESG Disclosures Will Backfire
Buffett’s Berkshire Hathaway Seeks to Buy as Much as 50% of Occidental
McLaren’s New $3.6 Million Hypercar Is Based on a Video Game
Can Grocery Stores Save the American Mall?
Elon Musk Can Make an Even Smarter Bid Now
Buying Occidental Isn’t Warren Buffett’s Only Option
If the Economy Is Shrinking, Why Is Everything Going Gangbusters?
Richest Silicon Valley Suburb Says Build Anywhere But Here
Neobanks Are Struggling to Make Good on Their Lofty Promises
Stories of Climate Adaptation From a Simmering Subcontinent
Foot Locker Comeback Hangs on Woman Who Rewrote Beauty Playbook
Kobe Bryant’s Widow Says She’d Go Through Hell to Get Justice
Dan Price Resigns from Gravity Payments After Abuse Allegations
Flood-damaged Death Valley to Reopen Popular Sites to Public
US Climate Law Means California Can Cut Solar Perk, Group Says
San Francisco Bets on Swanky Sho Club to Lure Workers Back to Office
New York MTA Seeks First Rider Ban for the Assault of a Subway Worker
New England Cities Fight Abortion Misinformation With Truth-in-Ads Laws
FTX US, Four Others Ordered to Correct FDIC Insurance Claims
Tether’s Second Quarter Lays Bare Impact of Terra Collapse
NFT Prices Diverge Sharply as Ethereum ‘Merge’ Mania Intensifies
Olga Kharif
Prices of Ether and nonfungible tokens that often run on the Ethereum network have diverged sharply as investors snap up the second-largest cryptocurrency ahead of the blockchain’s highly anticipated software upgrade.
Ether has soared 54% between June 13 to Aug. 15, according to data compiled by Bloomberg. NFTs, on average, have declined almost 19% over the same period, according to researcher NonFungible. Cryptocurrencies hit a low in mid-June — with Ether falling below $1,000 on June 18 — after the collapse of the Terra blockchain and when its ripple effects began to topple hedge fund Three Arrows Capital and lender Celsius Network.
