Crypto markets are holding steady with a slight upward bias after U.S. May inflation data came in lower than expected, sparking renewed optimism for potential Federal Reserve rate cuts.
BofA Securities analyst Mihir Bhatia found that the US premium credit card market is competitive, with Amex leading but Chase and Capital One closing the gap.
When asked about the bill resulting in a potential deficit increase of $2.4 trillion over the next decade, Bessent refrained from providing details but said the Trump administration’s proposal would result in “smart spending.”
Water and fire protection solutions company Core & Main (NYSE:CNM) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 9.8% year on year to $1.91 billion. On the other hand, the company’s full-year revenue guidance of $7.7 billion at the midpoint came in 0.6% below analysts’ estimates.
As part of the London deal, China will supply the U.S. with rare earth resources and magnets, while Chinese students will be allowed to access colleges and universities in the United States.
The international energy market and the cryptocurrency field are shaking at the same frequency. On the one hand, the U.S. Energy Information Administration (EIA) has made a major forecast that the daily crude oil production in the United States will decrease by 50,000 barrels in 2026 compared with 2025, ending the growth momentum since 2021. The “energy hegemony” strategy promoted by the Trump administration has suffered a wake-up call; on the other hand, the cryptocurrency market has caused collective anxiety among traders due to the abnormal fluctuations in the funding rate of Cardano (ADA), and XBIT (DEX Exchange) is becoming the key to breaking the deadlock with its innovative mechanism.
U.S. stocks ticked higher at midday Wednesday, buoyed by signs of progress in U.S.-China trade negotiations and cooler-than-expected inflation data, both of which supported risk appetite.
Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 10.6% over the past six months. This drawdown was especially discouraging since the S&P 500 held steady.
Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 10.6% over the past six months. This performance was especially disheartening since the S&P 500 held its ground.
