Bessent also pointed toward the strengthening of the Euro against the dollar since the tariff wars commenced and said that European countries are likely to be in panic given the strengthening of their currency.
A record-high percentage of U.S. households are making only minimum payments on their credit cards, according to new data released by Apollo Global Management Inc. Chief Economist Torsten Slok.
ABCProxy, the world’s leading residential proxy service provider, has officially released its SERP API, a one-stop search engine results page (SERP) data collection solution for developers and enterprises. Users can try 1000 requests for free to seamlessly crawl global localized results from major search engines such as Google, Bing, etc., and quickly integrate with multi-language SDKs such as Python, Java, etc., and deploy the API within 10 minutes.
In the historic policy shift of the Federal Reserve to lift the ban on crypto regulation, XBIT (dex Exchange) is becoming a core hub for global investors to deploy digital assets. According to the latest data, the platform’s daily trading volume exceeded US$8 billion, 40% higher than the traditional centralized exchange (CEX) leader Binance. Its innovative “AI dynamic circuit breaker leverage system” reduces the risk of user liquidation to the lowest level in the industry, triggering an accelerated entry of institutional funds.
Donald Trump's trade policies have made it exceedingly challenging for businesses to forecast demand at a time when consumer spending is already soft due to high inflation.
Trump’s sweeping tariff policy was almost unprecedented in scope and impact, triggering widespread uncertainty, stifling trade, and sending global markets into a tailspin.
Wedbush analyst Daniel Ives said this was a major week ahead for the markets and that he braced for generally strong results from the big techs due to very favorable demand trends.
A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. Come Tuesday, Trump said he has “no intention” of firing Powell before his term ends.
