NEW YORK — Bitcoin pulled back on Monday, cooling off after hitting a one-month high last week, as traders looked beyond the Federal Reserve’s latest rate cut and awaited fresh signals on the U.S. economic outlook. The world’s leading cryptocurrency slipped 2.5% to $113,000 as of 09:39 ET (13:39 GMT), retreating from last week’s peak […]
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]
President Donald Trump warned on Friday that he may launch a trade investigation under Section 301 in response to what he called “discriminatory” penalties imposed by the European Union on American tech giants like Google and Apple. “We cannot allow this to happen to American innovation. If it continues, I will be forced to initiate […]
It’s been a blockbuster week for tech investors, with courtroom rulings and boardroom deals fueling massive gains across the industry’s biggest players. A favorable antitrust ruling for Google sent shares of Alphabet and Apple soaring, while Broadcom rallied on news of a $10 billion AI chip contract. Meanwhile, Tesla rebounded as investors weighed in on […]
Huawei has officially launched the second generation of its trifold smartphone, the Mate XTs, as part of its push to solidify dominance in China and expand its footprint overseas. The Mate XTs, priced from 17,999 yuan ($2,520) to 21,999 yuan, features two hinges that allow the device to fold at multiple points, transforming it into […]
Eric Trump on Friday voiced strong confidence that Bitcoin will eventually reach a $1 million valuation, speaking at the Bitcoin Asia 2025 conference in Hong Kong — the first stop in a series of Asian crypto events featuring the Trump family. Sharing insights on his deep involvement in digital assets, Eric Trump said, “I truly […]
Crude oil prices eased slightly on Friday but remained on track for another weekly gain as fresh U.S. tariffs on Indian exports raised questions over the future flow of Russian crude. As of writing, Brent crude traded at $68.17 per barrel, while West Texas Intermediate (WTI) hovered near $64.20, both edging lower from Thursday’s close. […]
Gold prices ticked upward on Monday, helped by a pullback in U.S. Treasury yields, as markets awaited U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelensky and key European leaders later in the day. As of 08:40 GMT, spot gold was up 0.4% at $3,348.28 per ounce, after briefly touching its lowest level since […]
Gold prices bounced back from earlier lows, stabilizing as U.S. inflation data showed steady upward pressure on consumer costs. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 0.2% in July, following June’s 0.3% rise—right in line with forecasts. Over the past year, headline inflation increased 2.7%, just under the expected […]
The cryptocurrency market kicked off the week on a volatile note, with more than half a billion dollars in leveraged positions wiped out amid renewed macroeconomic worries. Bitcoin slipped 2% to $115,255 after briefly plunging to $114,706, just days after setting a new all-time high of $124,496. Ether also pulled back 4% to $4,283, retreating […]