The Federal Reserve will likely resume cutting short-term rates next week and continue on for the rest of the year to shore up a labor market that may have begun cooling well before President Donald Trump began imposing sharply higher tariffs, according to trader’s expectations
Oracle said it expects revenue in its Oracle Cloud Infrastructure business to grow 77% this year, from earlier projections of 70%, boosted by growing cloud demand and sending its shares up 23% after the bell.
The United States’ first memecoin exchange-traded fund is set to debut on Thursday, marking the latest step in the expansion of regulated crypto products after the successful rollout of Bitcoin and Ether funds last year. Bloomberg ETF analyst Eric Balchunas said the Rex-Osprey Doge ETF is set to debut Thursday.
Nasdaq-listed design and manufacturing company Forward Industries secured $1.65 billion in cash and stablecoin commitments to launch a Solana-focused crypto treasury strategy. The company said that it raised the largest Solana treasury to date, led by crypto-native companies Galaxy Digital, Jump Crypto and Multicoin Capital.
The dollar extended its decline in the wake of Friday’s weak U.S. jobs report, which all but cemented an interest rate cut this month, even as the yen fell after Japanese Prime Minister Shigeru Ishiba announced his resignation over the weekend.
Gold surged past the $3,600 an ounce level for the first time, hitting a record high, as soft U.S. labor data reinforced expectations the U.S. Federal Reserve will cut interest rates next week.
