Gold prices rose around 1% and were poised for their best monthly performance since April, as U.S. inflation data reinforced expectations that the Federal Reserve could cut interest rates next month.
Gold on track for best month in four
Trump Media Group CRO Strategy news
On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition. Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch.
Dollar rebounds with focus on Fed policy as French politics cloud euro
The dollar rose against major currencies, rebounding from yesterday’s pullback as investors turned their focus to upcoming U.S. economic data for policy cues, even as worries persist over the Federal Reserve’s independence.
TikTok owner ByteDance eyes valuation of over $330 billion
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth that surpassed giants like Meta
S&P 500 edges up after Trump attacks Fed
The S&P 500 edged up, lifted by Nvidia and Eli Lilly, while U.S. President Donald Trump’s decision to fire a central bank governor deepened concerns about the Federal Reserve’s independence.
London stocks caught in global pullback
Britain’s FTSE 100 closed lower, snapping a five-day winning streak as global markets went into a risk-off mode after U.S. President Donald Trump said he was firing Federal Reserve Governor Lisa Cook.