U.S. stocks closed lower as early gains faded, following the latest round of corporate earnings and economic data, as investors awaited results from megacaps Amazon and Apple
Equities stall as early enthusiasm ebbs
Oil rises as investors weigh Trump’s Russia stance, tariff threats
Oil prices climbed more than 1% as investors focused on developments on U.S. President Donald Trump’s tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.
Despite Trump’s pressure Fed holds rates steady
The Federal Reserve held interest rates steady in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank’s governors
Crypto token unlocks may halve to $3B in August
Crypto token unlocks may fall to $3 billion in August, down 52% from the $6.3 billion in value unlocked in July. Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks include Sui, Fasttoken, Avalanche and Arbitrum.
Bitmain to open US-based ASIC chip factory
The world’s top Bitcoin mining ASIC manufacturer, Bitmain, is reportedly on the verge of opening its first US-based manufacturing plant. The company also reportedly plans to open a new headquarters in Texas or Florida by the end of the third quarter of 2025.
XAU ticks up with all eyes on US-China talks, Fed meeting
Gold prices edged higher as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve’s policy meeting. U.S. gold futures settled 0.4% higher