Dan Schwartzman

Bitcoin had risen back up to just shy of $98,000 on January 14th before the latest drop.

Japan's Prime Minister Sanae Takeuchi plans to campaign on a two-year cut to the sales tax on food in a snap election that will take place with early polling beginning on February 8th.

Economists warn the move will cost around 5 trillion yen, equivalent to $31.6 billion per year.

Takahichi said she was still considering how to fund the move.

The Los Angeles Rams will face the Seattle Seahawks in the NFC Championship game next weekend after beating the Bears in Chicago 20-17 on a 42-yard field goal in overtime.

In the AFC, the Patriots and the Broncos will battle for the right to go to the Super Bowl.

College football's national championship game is tonight at Hard Rock Stadium in Miami as the Indiana Hoosiers face the Miami Hurricanes.

Kickoff is scheduled for 7.30 Eastern time.

That's news when you want it with Bloomberg News Now.

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

Wall Street ends a five-day losing streak with a record-setting day as the Dow gained 846 points, a nearly 2% spike.

The Nasdaq also ended the day close to a 2% gain, advancing 396 points.

while the S&P 500 gained 97 points, or 1.5%.

Markets reacting to Fed Chair Jerome Powell's speech on Friday from the Federal Reserve Symposium in Jackson Hole, Wyoming, where Powell suggested an interest rate cut is on the table in September due to risks to the labor market.

Here's Powell in remarks broadcast on Bloomberg Radio.

That's Fed Chair Jerome Powell.

The Trump administration has stopped all work on an offshore wind farm off the coast of Rhode Island.

The project is 80 percent complete, with all offshore foundations and 45 out of 65 wind turbines already installed, with the project set to be operational next year.