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 are primed for a potential pullback after rocketing to records, as benchmark S&P 500 is near record highs
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.
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.
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
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.
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%
