August 11, 2025
Nasdaq posts record closing high with tech gains, rate cut optimism
U.S. stocks ended higher and the Nasdaq notched a record closing high for the second straight day as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts. A fresh look at inflation trends will test the U.S. stock market’s rally in the coming week, with some investors saying equities […]
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August 10, 2025
Bank of England cuts rates to 4%
The Bank of England cut interest rates but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold, suggesting the BoE’s run of rate cuts might be nearing an end.
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August 10, 2025
S&P 500 flattens on report of Waller as Trump’s preferred Fed chair pick
Wall street’s main indexes trimmed their early gains amid concerns over the Federal Reserve’s independence, following a report that Fed Governor Christopher Waller was President Donald Trump’s top candidate for the central bank’s chair post.
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August 10, 2025
Ripple to buy stablecoin payments platform Rail
Ripple announced that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025. The company said the move aims to expand its enterprise-grade digital asset infrastructure
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August 7, 2025
Euro at one-week high
The dollar dropped and the euro hit a one-week high as traders bet that the Federal Reserve will cut rates more times than previously expected this year, following weaker than expected jobs data for July.
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August 7, 2025
Wall Street boosted by earnings, Fed rate cut hopes
Wall Street gained, boosted by a string of largely upbeat corporate earnings, while rising expectations of a Federal Reserve interest rate cut provided additional support. Odds for next month’s rate cut stand at 93.2%
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