Latest posts
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Bitcoin Tops $66,500 at a Five-Week High — but the Rally Is Being Driven From Washington
Bitcoin reached a five-week high as total crypto market value hit $2.31 trillion. The move tracked a 4% bounce in chip stocks almost exactly – a reminder of what bitcoin has become in the ETF era.
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Iran Says the Ceasefire Is Over and Intercepts Four Tankers — Oil Holds Near $90
Brent eased to about $89.93 after a 6% two-session surge, as a tenth day of US strikes and four intercepted vessels in the Strait of Hormuz collided with fresh mediation efforts.
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UK Borrows £16 Billion in June — and Runs £2.7 Billion Ahead of the OBR Forecast
June borrowing fell sharply year on year, but the fiscal-year total of £57.6 billion is already £2.7 billion above forecast, with debt at 94.9% of GDP – the highest since the early 1960s.
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GM Raises Full-Year Guidance for the Second Time After a $48 Billion Quarter
Revenue of $48.0 billion and $3.9 billion in adjusted EBIT beat expectations, driven by firm transaction prices, lower warranty costs and narrowing EV losses. But the profit engine is still full-size trucks – in a $90 oil market.
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Schwab Beats With $13.08 Trillion in Client Assets — and a Record 11.9 Million Daily Trades
Revenue rose 20.9% to $7.07 billion and adjusted EPS of $1.62 beat consensus. Behind the headline: record trading activity, an 80% jump in wealth-advisory flows, and a 59% rise in portfolio-backed borrowing.
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Chip Stocks Rebound and Lift Wall Street — but the Real Verdict Comes Wednesday Night
The Nasdaq rose 0.9% as semiconductor shares bounced 4% and Asian chipmakers rallied on strong Korean and Taiwanese export data. But Alphabet and Tesla report Wednesday, and the market has already pre-positioned for good news.
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From Rate Cuts to Rate Hikes: The Six-Week Repricing of Kevin Warsh’s Federal Reserve
Futures markets now put one-in-four odds on a Fed hike next week, and one major bank forecasts three by December. Inside the fastest monetary reversal in years.
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From the Pump to the Power Bill: What Oil Near $90 Really Means for Household Budgets
Crude near $88 reaches households twice — first at the pump within weeks, then through energy bills, food prices and borrowing costs over the year ahead. Here is how the chain works.
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Schwab’s $13 Trillion Test: Brokerage Earnings Take the Baton as Wall Street’s Busiest Week Begins
Charles Schwab reports second-quarter results with analysts expecting roughly 36% profit growth, record client assets of $13.14 trillion and every word about client cash under scrutiny.
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Bitcoin Breaks Its Slump: A One-Month High at $65,700 as the ETF Outflow Streak Finally Ends
Bitcoin climbed to a one-month high as U.S. spot ETFs pulled in $221.7 million, their biggest daily haul in two months — a sharp turn after ten straight days of outflows.