U.S. banks that deny services to cryptocurrency-related businesses may soon face regulatory consequences, as former President Donald Trump is reportedly preparing to sign an executive order addressing “debanking” practices. According to The Wall Street Journal, the draft order aims to prohibit financial institutions from closing accounts based on ideological or political considerations—a move positioned to […]
Today’s stocks to watch: AMD, Palantir, and Super Micro
Key Points To Watch Out For: Palantir (PLTR): Momentum from Upward Guidance Palantir gained 6% in premarket trading after reporting quarterly earnings that surpassed expectations and raising its full-year outlook. The company continues to benefit from growing demand for its AI-driven software offerings. Hims & Hers (HIMS), Novo Nordisk (NVO): Declines on Partnership Fallout and […]
U.S. stock futures keep bouncing back; Palantir is making a big impression
U.S. stock index futures rose slightly on Tuesday, extending Wall Street’s recovery as earnings season continues to unfold. As of 05:45 ET (09:45 GMT), Dow Jones futures were up 65 points (0.1%), S&P 500 futures gained 10 points (0.1%), and Nasdaq 100 futures added 38 points (0.2%). Monday’s gains helped reverse last week’s steep losses, […]
Dollar stabilizes after sharp losses triggered by employment data
The U.S. dollar stabilized on Tuesday, recovering slightly after recent losses driven by weaker-than-expected payroll data, as investors reassessed the outlook for Federal Reserve rate cuts amid signs of a slowing economy. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index, which measures the greenback against a basket of six major currencies, rose 0.2% […]
Today’s stocks to watch: Berkshire, Boeing, and Amazon
Key Points To Watch Out For: Boeing (BA): Potential strike in defense operations Boeing may face a strike beginning at midnight Monday after workers in its defense unit rejected the latest contract proposal. A walkout could pose risks to the company’s delicate operational recovery. CommScope (COMM), Amphenol (APH): Surge on acquisition rumors CommScope soared more […]
U.S. stock futures rise on heightened hopes for interest rate cuts
U.S. stock futures advanced early Monday, recovering from last week’s payrolls-driven sell-off as expectations for lower interest rates buoyed investor sentiment.At 06:49 ET (10:49 GMT), Dow Jones futures were up 252 points (0.6%), S&P 500 futures gained 39 points (0.6%), and Nasdaq 100 futures rose 177 points (0.8%). Wall Street’s major indexes closed sharply lower […]
Dollar falls sharply after poor employment data; will the Fed cut rates next month?
The U.S. dollar continued its decline on Monday, extending Friday’s sharp losses following a disappointing U.S. labor market report that bolstered expectations for early Federal Reserve rate cuts. At 04:20 ET (08:20 GMT), the U.S. Dollar Index—measuring the greenback against six major currencies—fell 0.2% to 98.722, after dropping more than 1% on Friday. Friday’s report […]
Deutsche Bank to Launch Crypto Custody Service in 2026
Deutsche Bank, Germany’s largest lender, plans to launch a crypto custody service in 2026, according to Bloomberg sources familiar with the matter. The move aligns with rising institutional demand for secure digital asset solutions among traditional financial institutions. The service will focus on regulated custody for institutional and corporate clients, marking Deutsche Bank’s entry into […]
Dollar Drops to Multi-Year Lows, Rate Cuts, Trade Agreements, and Tax Reform in the Public Eye
The U.S. dollar extended its decline on Tuesday, falling to multi-year lows amid growing expectations of Federal Reserve rate cuts and rising fiscal concerns sparked by President Donald Trump’s spending bill. By 04:25 ET (08:25 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at 96.275, marking its […]
Arizona Bitcoin Reserve Bill HB2324 Clears House, Awaits Governor Hobbs’ Decision
The Arizona House of Representatives passed Bill HB2324 on Tuesday, advancing legislation aimed at creating a state-managed reserve of Bitcoin and other digital assets obtained through criminal forfeiture. The bill, which was revived earlier this month, cleared the state Senate last Friday and now heads to Governor Katie Hobbs for approval. HB2324 proposes expanding Arizona’s […]