U.S. President Donald Trump and Russian President Vladimir Putin held discussions for 3 hours at a summit meeting in the U.S. state of Alaska on Friday evening, which could be crucial in the course of the war in Ukraine, where they emphasize with their European allies the necessity of not excluding it from any settlement.
In a joint press conference following the summit, Putin stated that the talks were "beneficial and detailed" and took place in a "constructive atmosphere," emphasizing that the solution in Ukraine "must be sustainable and take into account Russia's security concerns."
In a memo to clients on Thursday, Wolf Research analysts warned that Federal Reserve Chairman Jerome Powell may deliver a hawkish message at the Jackson Hole symposium next week, which could destabilize the stock markets.
After reading the core Consumer Price Index on Tuesday, which came in slightly higher than expected, analysts said they expect today's Producer Price Index for July to be a "major watch point" because some of its components feed into the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE), later this month.
"The markets reacted surprisingly positively to the higher inflation so far," Wolf said, noting that futures for Federal Reserve funds are still pricing in about a 2.5 rate cut by the end of the year.
In a memo to clients on Thursday, Wolf Research analysts warned that Federal Reserve Chairman Jerome Powell may deliver a hawkish message at next week's Jackson Hole seminar, which could destabilize stock markets.
After the core Consumer Price Index reading on Tuesday, which came in slightly higher than expected, analysts said they expect today's Producer Price Index for July to be a "major watch point" as some of its components feed into the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, later this month.
"Markets reacted surprisingly positively to the higher inflation so far," said Wolf, noting that Fed funds futures are still pricing in about a 2.5 rate cut by the end of the year.
Standard Chartered Bank raised its forecast for the price of Ethereum by the end of the year to $7,500 instead of $4,000 on Wednesday, based on improved interaction in the sector and an increase in cryptocurrency holdings over recent months.
The bank's new target represents a premium of about 60% above the highest level Ethereum has recorded in more than three and a half years, which was $4,700 on Wednesday. The second largest cryptocurrency in the world is the preferred choice for those seeking more active returns, unlike Bitcoin, which relies solely on price increases, as Ethereum can be used in staking, a practice where token holders lock up their tokens to support the Ethereum network in exchange for rewards.
White House spokesperson Caroline Levitt said on Tuesday that U.S. President Donald Trump is considering suing Federal Reserve Chairman Jerome Powell.
Her comments came after Trump wrote earlier on Tuesday via his platform "Truth Social" that he "is thinking about allowing a major lawsuit against Powell," adding: "Fortunately, the economy is in such good shape that we have surpassed Powell and his incompetent board, nevertheless, I am considering allowing a major lawsuit against Powell for his terrible and incompetent performance in managing the construction of Federal Reserve buildings."
S&P Global grants its first-ever credit rating to a decentralized finance (DeFi) protocol! 🚀 In a groundbreaking move, S&P Global has awarded its first-ever credit rating to the decentralized finance (DeFi) protocol - Sky - granting it a rating of B-. This historic event indicates increasing institutional recognition of the potential of DeFi, and may open the door for more traditional financial entities to enter the decentralized space. By introducing established frameworks for risk assessment, such credit ratings can provide greater transparency and security, encouraging cautious institutional investors to engage in DeFi systems.
Michelle Bowman, a member of the Board of Governors of the Federal Reserve System, confirmed that the weakness in recent job data reflects the fragility of the labor market in the United States, noting that this development reinforces her conviction that cutting interest rates three times this year would be the most appropriate course of action.
Bowman explained that continued pressures on the labor market could make the economic slowdown more severe if the central bank delays taking stimulus steps.
During a speech in Colorado, Bowman warned of the risks that may arise from excessive delays in lowering interest rates, emphasizing that this could lead to a deterioration in labor market conditions and a slowdown in economic growth.
The American Federal Reserve member stressed that the timing of monetary policy decisions will be a crucial factor in maintaining the stability of the American economy in the coming period.
Michelle Bowman, a member of the Board of Governors of the Federal Reserve, confirmed that the weakness in recent employment data reflects the fragility of the labor market in the United States, noting that this development strengthens her conviction that cutting interest rates three times this year will be the most appropriate course.
Bowman explained that continued pressures on the labor market could make the economic slowdown more severe if the central bank delays taking stimulative steps.
During a speech in Colorado, Bowman warned of the risks that may arise from excessive delays in cutting interest rates, emphasizing that this could lead to a deterioration in labor market conditions and a slowdown in economic growth.
The Federal Reserve member stressed that the timing of monetary policy decisions will be a crucial factor in maintaining the stability of the U.S. economy in the coming period.
Michelle Bowman, a member of the Board of Governors of the Federal Reserve, confirmed that the recent weakness in job data reflects the fragility of the labor market in the United States, noting that this development reinforces her belief that cutting interest rates three times this year would be the most suitable course.
Bowman explained that continued pressures on the labor market could make the economic slowdown more severe if the central bank delays taking stimulative steps.
During a speech in Colorado, Bowman warned of the risks that may arise from excessive delays in cutting interest rates, emphasizing that this could lead to a deterioration in labor market conditions and a slowdown in economic growth.
The Federal Reserve member stressed that the timing of monetary policy decisions will be a critical factor in maintaining the stability of the American economy in the upcoming period.
Recent data has shown some indicators of this slowdown. Data from ADP on Wednesday indicated that the private sector added 104,000 jobs in July, a number that exceeds expectations of 75,000, and marks a notable recovery after a loss of 23,000 jobs in June. However, the overall momentum for employment in the private sector has seen a decline in recent months.
"Nela Richardson," chief economist at ADP, stated during a call with reporters at Yahoo Finance: "We are now in a labor market that has reset itself to a lower average level. But the good news is that this level is still sufficient to support consumers, and this will ultimately be the true test of the health of the labor market: Will consumers continue to spend?".
A decline in available jobs and a decrease in the employment rate
On another front of labor market data, a report from the Bureau of Labor Statistics showed there were 7.44 million job openings at the end of June, down from 7.71 million the previous month. The employment rate also fell to 3.3% compared to 3.4%, the lowest level since November 2024.
Recent data has shown some signs of this slowdown. Data from ADP on Wednesday indicated that the private sector added 104,000 jobs in July, a figure that exceeds expectations of 75,000, and represents a notable recovery after losing 23,000 jobs in June. However, the overall momentum for employment in the private sector has seen a decline in recent months.
"Nela Richardson," Chief Economist at ADP, stated during a call with reporters at Yahoo Finance: "We are now in a labor market that has reset itself to a lower average level. But the good news is that this level is still sufficient to support consumers, and that will ultimately be the real test of the health of the labor market: Will consumers continue to spend?".
A decline in the number of available jobs and a decrease in the employment rate
On another side of the labor market data, a report from the Bureau of Labor Statistics showed there were 7.44 million job openings at the end of June, down from 7.71 million the previous month. The employment rate also decreased to 3.3% compared to 3.4%, the lowest level since November 2024.
Recent data has shown some indicators of this slowdown. Data from ADP on Wednesday revealed that the private sector added 104,000 jobs in July, a figure that exceeds the expectations of 75,000, and represents a notable recovery after a loss of 23,000 jobs in June. However, the overall momentum for employment in the private sector has seen a decline in recent months.
"Nela Richardson," Chief Economist at ADP, stated during a call with reporters at Yahoo Finance: "We are now in a labor market that has reset itself to a lower average level. But the good news is that this level is still sufficient to support consumers, and this will ultimately be the true test of the health of the labor market: Will consumers continue to spend?".
Decline in available jobs and decrease in employment rate
On another side of the labor market data, a report from the Bureau of Labor Statistics showed there were 7.44 million job openings at the end of June, down from 7.71 million in the previous month. The employment rate also fell to 3.3% compared to 3.4%, the lowest level since November 2024.
Investors in China seem to be shifting from gold-backed exchange-traded funds to local stocks, which could drive outflows from these funds to a record level this month, amid rising stocks and slowing precious metal prices.
On July 17, 2025, the global crypto platform Binance launched the CreatorPad platform within the Binance Square social environment, which has over 35 million monthly users from more than 30 languages. It allows crypto content creators to participate in tasks such as writing posts, using specific hashtags, and engaging in campaigns supported by real rewards from participating projects, as well as tracking performance in real-time.
In a surprising move that could reshape the digital market landscape in the United States, the U.S. Securities and Exchange Commission (SEC) has revealed new regulatory standards that open the door for the listing of a wide range of cryptocurrencies as exchange-traded products (ETPs).
According to an official filing submitted by the Chicago Board Options Exchange (CBOE), the new rules allow for the listing of ETPs for digital currencies provided that the underlying digital asset is subject to futures contracts traded in a "certified contract market" for no less than 6 months, with a comprehensive data-sharing agreement required between the exchange and the contract market.
The biggest surprise was the list of currencies expected to be approved, which includes 18 digital currencies, among which are notable names such as:
• Dogecoin (DOGE)
• Solana (SOL)
• Cardano (ADA)
• Litecoin (LTC)
• Avalanche (AVAX)
• Chainlink (LINK)
• Polkadot (DOT)
• Hedera (HBAR)
• Stellar (XLM)
Prominent analyst at Bloomberg, Eric Balchunas, pointed out that these currencies were already strong candidates for approval, with odds exceeding 85%, adding that their listing could actually take place on U.S. exchanges during September or October 2025.
The Federal Reserve kept the benchmark interest rate at 4.25% as expected, but Chairman Jerome Powell tempered expectations for a potential rate cut in September, emphasizing that the priority is to curb inflation, not to reduce the cost of government borrowing or mortgage loans that Trump is calling for cuts to.
Powell's remarks shook the cryptocurrency market, as the price of Bitcoin fell to $116,000, and other currencies like XRP, ETH, and Solana also dropped, leading to the liquidation of leveraged financial bets in the futures markets.
The Federal Reserve kept the key interest rate at 4.25% as expected, but Chairman Jerome Powell tempered expectations regarding a potential rate cut in September, emphasizing that the priority is to curb inflation, not to reduce the cost of government borrowing or mortgage loans that Trump is calling for to be lowered.
Powell's remarks shook the cryptocurrency market, as the price of Bitcoin fell to $116,000, and other currencies such as XRP, ETH, and Solana also dropped, leading to the liquidation of leveraged financial bets in the futures markets.
The Federal Reserve kept the benchmark interest rate at 4.25% as expected, but Chairman Jerome Powell tempered expectations for a potential rate cut in September, emphasizing that the priority is to curb inflation, not to reduce the cost of government borrowing or mortgage loans that Trump is calling for cuts to.
Powell's remarks shook the cryptocurrency market, as the price of Bitcoin fell to $116,000, while other currencies like XRP, ETH, and Solana also dropped, leading to the liquidation of leveraged financial bets in the futures markets.
The number of Bitcoin millionaires saw a significant increase during the first half of Donald Trump's second term as President of the United States, according to new data released by the Finbold Research Center.
Between January 20 and July 20, 2025, the number of wallets containing more than one million dollars in Bitcoin reached 15,841 new wallets, bringing the total number to 192,205 wallets, an increase of 9% in just six months, with an average of 88 new millionaire wallets per day.
The number of Bitcoin millionaires has seen a significant rise during the first half of Donald Trump's second term as President of the United States, according to new data released by the Finbold Research Center.
Between January 20 and July 20, 2025, the number of wallets holding more than one million dollars in Bitcoin reached 15,841 new wallets, bringing the total number to 192,205 wallets, an increase of 9% in just six months, with an average of 88 new millionaire wallets per day.