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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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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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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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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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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Mortgages Near 6.5% in the US, a Price War in the UK: What the Rate Scare Means for Your Money
With the Fed and Bank of England both deciding within ten days, US mortgage rates remain stuck near 6.5% while UK lenders cut sub-4% deals — and savers are quietly earning real returns for the first time in years.
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Gold Falls Below $4,000 in the Middle of a War — Here Is Why the Safe Haven Is Not Working
Gold slid toward nine-month lows on Monday even as the U.S.-Iran conflict escalated. The reason: the war’s oil shock is driving up bond yields and the dollar — and both are stronger forces than fear.
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Ten Days That Could Reset Global Interest Rates: ECB Decides Thursday, the Fed Follows on July 29
For the first time since the 2022-23 inflation fight, the major central banks are debating hikes in unison. The ECB is expected to hold at 2.25% on Thursday, while markets treat the Fed’s July 29 decision as a near coin flip.