New York officials have told rideshare companies, driver representatives and others in the for-hire vehicle industry that insurance policy rates will rise by an average 25% over the next three years, according to people with knowledge of the state’s plans, likely sending passenger fares up as a result.

Johann Kerbrat, Robinhood SVP and General Manager of Crypto, discusses the company’s crypto plans and new tools for advanced traders. He tells Romaine Bostick and Katie Greifeld on "The Close" that Robinhood plans to expand crypto features, including allowing users to manually add cost basis for crypto deposits, with a strong focus on serving advanced traders. (Source: Bloomberg)

<p>Today on the Big Take: All year, the jobs market, consumer sentiment, AI and inflation flashed economic warning signs &mdash; what does this mean for 2026?</p>

Bloomberg’s Caroline Hyde discusses AI anxiety bubbling during the last full trading week of 2025. Plus, ServiceNow closes in on a deal to buy cybersecurity startup Armis for as much as $7 billion, while Intel eyes AI startup SambaNova Systems. And shares of Italian football club Juventus jump after a bid from stablecoin firm Tether is rejected. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Nasdaq Inc., the second-largest exchange in the US, is looking for regulatory approval to extend trading hours on its stock venues to 23 hours during the work week.

Oil held near the lowest level since 2021 as traders weighed the outlook for a ceasefire in Ukraine, which could pave the way for fewer curbs on Russian crude imports into an already oversupplied market.

Asian equities were set for declines as a chill fell across global markets, pressuring US stocks and Bitcoin while boosting demand for Treasuries and gold, with investors becoming defensive in the year’s final full trading week.

Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe.

Cheryl McKissack Daniel, President and CEO of McKissack and McKissack, says construction in New York City has long been weighed down by red tape. She tells Romaine Bostick and Katie Greifeld on “The Close” that the firm is in talks with the city’s new mayor and says the administration understands what needs to change. (Source: Bloomberg)