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WASHINGTON, July 15 (Reuters) – Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves,...
U.S. Treasury yields moved lower on Wednesday as investors awaited further inflation data and considered the impact of tariffs on consumer prices.At 5:24 a.m. ET, the 10-year Treasury yield was down one basis point to 4.447%, while the 30-year yield also declined a basis point to 5.009%. The 2-year Treasury yield was less than a basis point lower at 3.95%.Investors are anticipating more inflation data on Wednesday, as the producer price index for June is set to be released at 8:30 a.m. ET, and is expected to show a 0.2% increase on a monthly basis, according to Dow Jones estimates.That comes after the consumer price index came in as expected on Tuesday, with core CPI, which excludes food and energy prices, rising 0.2% on a monthly basis and 2.9% on a yearly basis. The monthly change was just less than expected, while the yearly move matched a Dow Jones consensus.“Inflation has started a slow climb as signs of tariff-induced inflation are now evident within durable and nondurable imports,” said Joe Brusuelas, chief economist at RSM U.S. “That prompts an important question: Will service and housing inflation, which is easing but still elevated, cool further to offset what will be a more pronounced increase in durable and nondurable goods?”“Our sense is that the Federal Reserve will continue to display patience as the direction of inflation evolves,” he added.Investors are also monitoring the impact of President Donald Trump’s tariffs on the U.S. economy. Trump announced 30% tariffs on Mexico and the European Union over the weekend, set to start from Aug. 1. He also announced on Tuesday that the U.S. had reached a trade deal with Jakarta, with a 19% tariff on its exports to the U.S.— Brian Evans contributed to this report
Province launches heat pump rebate program CityNews VancouverMore heat pump rebates on the way; now open for renters, condo owners BC Gov NewsCondo and Apartment Rebate Program BC HydroB.C. expands heat pump rebate to owners, renters in multi-unit buildings Global NewsNew provincial program offers rebates for installation of heat pumps Castanet
Trump criticizes Federal Reserve Chairman Powell for expensive headquarters renovations while expressing frustration over interest rate decisions and previewing upcoming trade deals.
Zohran Mamdani, the Democratic nominee in the race for mayor of New York City, moved to distance himself from comments that sparked outrage during the primary.
This is CNBC’s live blog covering European markets.UK bank Barclays fined £42 million over handling of financial crime risksU.K. regulators have issued bank Barclays a £42 million ($56.3 million) fine for two failings in financial crime risk management.One fine relates to folded wealth management firm WealthTek, where the Financial Conduct Authority said Barclays “failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account.” Barclays has also agreed to make a voluntary £6.3 million contribution to former WealthTek clients who have a shortfall in claims from the company, which the FCA said led it to reduce its fine over the matter.WealthTek’s principal partner John Dance was charged in 2024 with alleged misappropriation of £64 million of customer funds and is due to stand trial in 2027.The FCA meanwhile fined Barclays £39.3 million for risk failings in its banking services for business Stunt & Co., which was found to have received money from a multimillion-pound money laundering operation.CNBC has contacted Barclays for comment. Shares in the bank were 0.15% higher at 8:58 a.m. in London.— Jenni ReidRenault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEOStephane Mouchmouche | Hans Lucas | Afp | Getty ImagesThe electric Renault 5 at Automotive Summit at the Porte de Versailles exhibition center, Paris, France, on October 15, 2024.Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.The Paris-listed stock was last seen trading 16.6% lower.In a trading update published late Tuesday, Renault said it is targeting an operating margin of around 6.5% this year, down from a previous forecast of around or exceeding 7%.Read the full story here. — Sam MeredithASML drop drags European chip stocks downEuropean semiconductor stocks fell on Wednesday after equipment maker ASML posted guidance that missed expectations.ASML’s third-quarter revenue guidance fell short of analyst forecasts while the company narrowed its own revenue guidance for 2025.On top of that, the Dutch tech giant said that, while it is preparing for growth in 2026, it “cannot confirm it at this stage.”ASML shares dropped 7% in early trading as a result. Other European chip names also fell. ASM International was down more than 4%, while BE Semiconductor was 3.4% lower. STMicro and Infineon were also down.— Arjun KharpalEuropean stocks open lower The opening bell rang around 30 minutes ago, and European stocks are broadly trading in negative territory. Hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector and a profit warning from Renault all weighed on sentiment.The pan-European Stoxx 600 was last seen trading 0.2% lower, with sectors trading mixed. Among major bourses, France’s CAC index led losses with a 0.24% loss.— Chloe Taylor Danish official says 30% tariffs on EU ‘completely unacceptable’Thierry Monasse | Getty ImagesDanish Minister of European Affairs Marie Bjerre pictured on May 27, 2025 in Brussels, Belgium. Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.”“It is certainly interesting times — now, President Trump announced that he will impose 30% tariffs on Europe, and I have to say that is completely unacceptable, that is unjustified,” she said in an interview with CNBC’s “Europe Early Edition.““Europe is a trading partner that you can rely on, that you can trust in, and we will go into negotiation with the U.S. in good faith – but we also know that Europe ... having a single market with 450 million consumers, we are very attractive market, and therefore we also ready to defend our interests, and we are ready to come with countermeasures if required.”When asked if the EU could reach a trade compromise with Washington before Trump’s Aug. 1 deadline, Bjerre said it was “very hard to say.”“We keep being surprised about which [tariff rate] is now imposed on us,” she said. “It started [at] 10% then it was even more, then it was back to 10%, then it was suspended, and now it’s 30% – it is, I have to say, quite unreliable.”— Chloe TaylorUK inflation hits hotter-than-expected 3.6% in JuneMike Kemp | In Pictures | Getty ImagesWestfield Shopping Centre in Stratford on 5th June 2025 in London, United Kingdom. The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated inflation would reach 3.4% in the twelve months to June, after it hit 3.4% in May.Read more here.— Holly EllyattChip giant ASML says it can’t confirm that it will grow in 2026ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus.However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter and warned of the possibility of no growth ahead.Here’s how ASML did versus LSEG consensus estimates for the second quarter:Net sales: 7.7 billion euros ($8.95 billion) versus 7.52 billion euros expectedNet profit: 2.29 billion euros vs 2.04 billion euros expected Read the full story here.— Arjun KharpalGood morning, here are the opening callsDan Kitwood | Getty Images News | Getty ImagesHouses in South London in February 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 unchanged and both France’s CAC 40 and Germany’s DAX expected to open 0.2% lower. Italy’s FTSE MIB is seen opening 0.35% higher.The downbeat mood for regional markets comes after a difficult start to the week, after U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1.Hope that the bloc will negotiate a trade deal with the White House before the end of the month was outweighed Tuesday by global growth concerns after data showed U.S. inflation rose to 2.7% from 2.4% in June.— Holly EllyattWhat to keep an eye on todayPiroschka Van De Wouw | ReutersThe ASML logo is seen at its headquarters in Veldhoven, Netherlands, on June 16, 2023.Earnings season is upon us, with ASML, Richemont and Handelsbanken announcing their latest financial results on Thursday.On the data front, we have the latest U.K. inflation print for June and EU trade data.— Holly Ellyatt
Watch: Home Depot Founder, Who Said He Wouldn't Vote For Trump, Is Now Totally "Sold" On Him Authored by Steve Watson via Modernity.news,Home Depot co-founder Ken Langone, one of the nation’s most successful business owners, shocked CNBC hosts Tuesday by declaring that he is now completely in awe of President Trump.Langone, who last year stated that he wouldn’t vote for Trump proclaimed “I am sold on Trump ... I think he’s got a good shot at going down in history as one of our best presidents ever.”The stunned CNBC host noted “That is a REAL turnaround, because you didn’t want to vote for him!”🚨 BREAKING: In a stunning turnaround, the founder of HOME DEPOT, who did not want to vote for President Trump, is shocking the business world.He also opposed tariffs.Now?"I am SOLD on Trump.""I think he's got a good shot at going down in history as one of our best... pic.twitter.com/wH8gbimR7Z— Eric Daugherty (@EricLDaugh) July 15, 2025“I’ll tell you the reason...I’m a believer. What I’m seeing happening is absolutely nothing short of a great thing,” Langone responded.He further urged, “And there’s a beat. People are walking with more bounce...I think this guy is turning out to be a [great] president.”Langone has also flipped on Trump’s tariffs, noting “Initially, my concern was, I DON’T like tariffs...however, dammit, give Trump credit! His instincts are good! Some of these things need to be fixed!”He flipped on tariffs."Initially, my concern was, I DON'T like tariffs...however, dammit, give Trump credit! His instincts are good! Some of these things need to be fixed!" pic.twitter.com/o8bIHkX2Dy— Eric Daugherty (@EricLDaugh) July 15, 2025Langone further emphasised “When you made a mistake, admit it,” also revealing that he is in favour of Trump’s One Big Beautiful Bill.“I was worried about inflation and the deficit, but I think it might trigger such significant economic growth that we could see tax revenues going up through the profitability bracket,” Langone noted.Home Depot founder Ken Langone on the One Big Beautiful Bill: I was worried about inflation and the deficit, but I think it might trigger such significant economic growth that we could see tax revenues going up through the profitability bracket. pic.twitter.com/oabL7Knd78— Breaking911 (@Breaking911) July 15, 2025But I thought the left keeps saying even Trump supporters regret voting for Trump?! You mean to tell me that not only is that not true but now even people who didn’t vote for him or like him are supporting him?! Color me shocked!— Kylie Jane Kremer (@KylieJaneKremer) July 15, 2025That’s a significant shift coming from someone so influential in the business world. It shows how perspectives can evolve based on real-world impact and leadership performance. It’ll be interesting to see how this endorsement resonates with others in the business and political...— Satyam Singh (@Satyam2831) July 15, 2025It takes humility to admit you were wrong.— News Nomad 🗞 (@The_Nomad_News) July 15, 2025I'm sure the producers at CNBC were pulling their hair out!😅— Marisa Hastings (@MarisaHastings1) July 15, 2025Back in May, Home Depot announced that it doesn’t expect to boost prices because of tariffs.“We don’t see broad based price increases for our customers at all going forward,” said Billy Bastek, executive vice president of merchandising.NEW: Home Depot says it will NOT raise prices in response to U.S. tariffsCFO says more than half of the company's merchandise comes from the U.S."Twelve months from now, no single country outside of the United States will represent more than 10% of our purchases" pic.twitter.com/H1PJYpqyM8— Breitbart News (@BreitbartNews) May 20, 2025In June, the US government saw a surplus as tariff collections under Trump’s presidency increased to just over $27 billion.US government posted a budget surplus of $27 billion in June, which is largely attributed to a surge in tariff revenue. This marks the first June surplus since 2017. I’m sure you saw this in legacy media...well, maybe not. pic.twitter.com/L4rAbkAoRm— David Asman (@DavidAsmanfox) July 13, 2025May saw a $316 billion deficit. The fiscal year-to-date deficit after June is $1.34 trillion, which is up five percent from 2024.NEW: Tariff revenues grew to a record $27.2 billion in June — producing a $27 billion federal budget SURPLUS for the month. pic.twitter.com/X2jJzb2GPS— Rapid Response 47 (@RapidResponse47) July 11, 2025* * *Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews. Tyler DurdenTue, 07/15/2025 - 22:35
TAIPEI and SAN DIEGO, July 15, 2025 /PRNewswire/ -- Senhwa Biosciences, Inc. (TPEx: 6492), a new drug development company focusing on first-in-class therapeutics for oncology, rare diseases, and infectious diseases, today announced that its new drug Pidnarulex (CX-5461) has been selected...
Senate Republicans have advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending
This is CNBC’s live blog covering European markets.UK bank Barclays fined £42 million over handling of financial crime risksU.K. regulators have issued bank Barclays a £42 million ($56.3 million) fine for two failings in financial crime risk management.One fine relates to folded wealth management firm WealthTek, where the Financial Conduct Authority said Barclays “failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account.” Barclays has also agreed to make a voluntary £6.3 million contribution to former WealthTek clients who have a shortfall in claims from the company, which the FCA said led it to reduce its fine over the matter.WealthTek’s principal partner John Dance was charged in 2024 with alleged misappropriation of £64 million of customer funds and is due to stand trial in 2027.The FCA meanwhile fined Barclays £39.3 million for risk failings in its banking services for business Stunt & Co., which was found to have received money from a multimillion-pound money laundering operation.CNBC has contacted Barclays for comment. Shares in the bank were 0.15% higher at 8:58 a.m. in London.— Jenni ReidRenault shares plunge 17% after French carmaker lowers guidance, appoints new interim CEOStephane Mouchmouche | Hans Lucas | Afp | Getty ImagesThe electric Renault 5 at Automotive Summit at the Porte de Versailles exhibition center, Paris, France, on October 15, 2024.Shares of French carmaker Renault plunged on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.The Paris-listed stock was last seen trading 16.6% lower.In a trading update published late Tuesday, Renault said it is targeting an operating margin of around 6.5% this year, down from a previous forecast of around or exceeding 7%.Read the full story here. — Sam MeredithASML drop drags European chip stocks downEuropean semiconductor stocks fell on Wednesday after equipment maker ASML posted guidance that missed expectations.ASML’s third-quarter revenue guidance fell short of analyst forecasts while the company narrowed its own revenue guidance for 2025.On top of that, the Dutch tech giant said that, while it is preparing for growth in 2026, it “cannot confirm it at this stage.”ASML shares dropped 7% in early trading as a result. Other European chip names also fell. ASM International was down more than 4%, while BE Semiconductor was 3.4% lower. STMicro and Infineon were also down.— Arjun KharpalEuropean stocks open lower The opening bell rang around 30 minutes ago, and European stocks are broadly trading in negative territory. Hot U.S. and U.K. inflation prints, concern about the regional semiconductor sector and a profit warning from Renault all weighed on sentiment.The pan-European Stoxx 600 was last seen trading 0.2% lower, with sectors trading mixed. Among major bourses, France’s CAC index led losses with a 0.24% loss.— Chloe Taylor Danish official says 30% tariffs on EU ‘completely unacceptable’Thierry Monasse | Getty ImagesDanish Minister of European Affairs Marie Bjerre pictured on May 27, 2025 in Brussels, Belgium. Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.”“It is certainly interesting times — now, President Trump announced that he will impose 30% tariffs on Europe, and I have to say that is completely unacceptable, that is unjustified,” she said in an interview with CNBC’s “Europe Early Edition.““Europe is a trading partner that you can rely on, that you can trust in, and we will go into negotiation with the U.S. in good faith – but we also know that Europe ... having a single market with 450 million consumers, we are very attractive market, and therefore we also ready to defend our interests, and we are ready to come with countermeasures if required.”When asked if the EU could reach a trade compromise with Washington before Trump’s Aug. 1 deadline, Bjerre said it was “very hard to say.”“We keep being surprised about which [tariff rate] is now imposed on us,” she said. “It started [at] 10% then it was even more, then it was back to 10%, then it was suspended, and now it’s 30% – it is, I have to say, quite unreliable.”— Chloe TaylorUK inflation hits hotter-than-expected 3.6% in JuneMike Kemp | In Pictures | Getty ImagesWestfield Shopping Centre in Stratford on 5th June 2025 in London, United Kingdom. The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated inflation would reach 3.4% in the twelve months to June, after it hit 3.4% in May.Read more here.— Holly EllyattChip giant ASML says it can’t confirm that it will grow in 2026ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus.However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter and warned of the possibility of no growth ahead.Here’s how ASML did versus LSEG consensus estimates for the second quarter:Net sales: 7.7 billion euros ($8.95 billion) versus 7.52 billion euros expectedNet profit: 2.29 billion euros vs 2.04 billion euros expected Read the full story here.— Arjun KharpalGood morning, here are the opening callsDan Kitwood | Getty Images News | Getty ImagesHouses in South London in February 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 unchanged and both France’s CAC 40 and Germany’s DAX expected to open 0.2% lower. Italy’s FTSE MIB is seen opening 0.35% higher.The downbeat mood for regional markets comes after a difficult start to the week, after U.S. President Donald Trump announced last weekend that he would impose a 30% tariff on goods imported from the EU starting Aug. 1.Hope that the bloc will negotiate a trade deal with the White House before the end of the month was outweighed Tuesday by global growth concerns after data showed U.S. inflation rose to 2.7% from 2.4% in June.— Holly EllyattWhat to keep an eye on todayPiroschka Van De Wouw | ReutersThe ASML logo is seen at its headquarters in Veldhoven, Netherlands, on June 16, 2023.Earnings season is upon us, with ASML, Richemont and Handelsbanken announcing their latest financial results on Thursday.On the data front, we have the latest U.K. inflation print for June and EU trade data.— Holly Ellyatt
NEW YORK, July 15, 2025 /PRNewswire/ -- Levy Konigsberg and co-counsel filed lawsuits today on behalf of over 100 survivors of sexual abuse against Cook County and the State of Illinois, bringing the total number of cases to more than 900 dating back to May 2024. The lawsuits allege that...
New Hampshire is 38th among the 50 states and Washington, D.C., for five-year survival of businesses that opened in 2024, according to a new analysis.
I hope you’re doing well. We are excited to invite you to join the Speaker for the ANE Global Meet & Expo [...]The post ANE Global Meet & Expo on Applications of Robotics & Artificial Intelligence (ROBOTICS2025) appeared first on Canadian Mining Journal.
The Nasdaq 100 reached new record highs on Tuesday, surpassing the 23,000 mark, driven by a rally in chipmakers such as Nvidia. Investors were optimistic about Nvidia and Advanced Micro Devices resuming certain chip sales to China. For the day, however, major indices were mixed with the Dow Jones Industrial Average falling nearly 1% to 44,023.29, while the S&P 500 declined 0.4% to 6,243.76. The Nasdaq ended the day higher at 0.2% at 20,677.80.These are the top stocks that gained the attention of retail traders and investors throughout the day.MP Materials Corp. (NYSE:MP)MP Materials shares soared 19.99% to close at $58.22, reaching an intraday high of $62.87 and a low of $52.89. The stock’s 52-week range is $10.02 to $62.87. In the after-hours trading the stock rose 3.5%. The surge followed the announcement of a long-term partnership with Apple to supply rare earth magnets made from ...Full story available on Benzinga.com
NEW YORK and NEW ORLEANS, July 15, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 22, 2025 to file lead plaintiff applications in securities class action lawsuits against Organon & Co. (NYSE:OGN), if they purchased the Company's securities between November 3, 2022 and April 30, 2025, inclusive (the "Class Period"). These actions are pending in the United States District Court for the District of New Jersey.What You May DoIf you purchased securities of Organon and would like to discuss your legal rights and how the case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (Full story available on Benzinga.com
Waymo is picking up speed as Tesla eyes expanding its own more limited robotaxi services.
One sector of Amazon may still be navigating some struggles.
Americans buying a home may have more leverage when applying for a mortgage loan.
Cornercap Investment Counsel Inc. acquired a new position in shares of Elevance Health, Inc. (NYSE:ELV – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,009 shares of the company’s stock, valued at approximately $1,744,000. Elevance Health accounts for 0.9% of [...]
Dakota Wealth Management reduced its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.1% during the first quarter, HoldingsChannel reports. The fund owned 20,781 shares of the company’s stock after selling 241 shares during the quarter. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $2,956,000 as of its most recent filing with the SEC. [...]
Pinkerton Retirement Specialists LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 5.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,084 shares of the company’s stock after purchasing an additional 1,339 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Procter & Gamble were worth [...]
Pinkerton Retirement Specialists LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,354 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Pinkerton Retirement Specialists [...]
Massachusetts Financial Services Co. MA reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,121,380 shares of the restaurant operator’s stock after selling 1,642,423 shares during the quarter. [...]
Sumitomo Life Insurance Co. lowered its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,616 shares of the financial services provider’s stock after selling [...]
Kornitzer Capital Management Inc. KS increased its holdings in shares of Newmont Corporation (NYSE:NEM – Free Report) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 291,891 shares of the basic materials company’s stock after acquiring an additional 15,618 shares during the [...]
SBI Securities Co. Ltd. increased its holdings in shares of Unilever PLC (NYSE:UL – Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,492 shares of the company’s stock after acquiring an additional 172 shares during [...]
Sumitomo Life Insurance Co. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,290 shares of the company’s stock after selling 234 shares during the quarter. Sumitomo [...]
Mosaic Family Wealth Partners LLC grew its holdings in shares of Vanguard Short-Term Bond ETF (NYSEARCA:BSV – Free Report) by 22.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,581 shares of the company’s stock after buying an additional 5,358 shares during the [...]
The Defense Department last week agreed to buy a direct equity stake in MP Materials, which operates the only rare earth mine in the U.S. The Pentagon is taking immediate action to find opportunities to boost critical mineral production, a defense official told CNBC when asked whether it would make investments in other miners.The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Fort Worth, Texas.When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking at opportunities to strengthen domestic critical mineral production.“Rebuilding the critical minerals and rare earth magnet sectors of the U.S. industrial base won’t happen overnight, but DoD is taking immediate action to streamline processes and identify opportunities to strengthen critical minerals production,” official said in a statement.Rare earths are used in weapons such as the F-35 warplane, drones and submarines among other other military platforms. The U.S. was almost entirely dependent on foreign countries for rare earths in 2023, with China representing about 70% of imports, according to the U.S. Geological Survey.MP Materials CEO James Litinsky told CNBC last week that he views the public-private partnership with the Defense Department as a model for other companies in industries that are important for national security but struggle to compete against the state-backed enterprises in China.“I’d like to think that this is sort of the first, it’s a model,” Litinsky told CNBC’s “Squawk on the Street” on Thursday. “We have to deliver at MP and show that this is an incredible route to go. But it’s a new way forward to accelerate free markets, to get the supply chain on shore that we want.”Interior Secretary Doug Burgum said in April that the U.S. government was looking at taking direct equity stakes in critical mineral and rare earth miners to break China’s dominance. The Trump administration is also looking at stockpiling critical minerals and creating a sovereign risk insurance fund to protect companies investments’ in federally approved projects, Burgum said at an energy conference in Oklahoma City.The Pentagon makes long-term investments in mining, processing and refining critical minerals, the defense official told CNBC. It has invested $540 million so far to support a critical mineral and rare earth supply chain in the U.S. and allied nations, the official said.“That is significant, and DoD will continue to such efforts in accordance with congressional appropriations and statutory authorities,” the official said.Correction: MP Materials operates a magnet plant in Fort Worth, Texas. An earlier version misspelled the name of the location. Buy this energy generation stock that can benefit from Trump’s tax bill, says JPMorganIt’s time to take profits in this high-flying solar stock, says Goldman SachsThis energy stock is trading near its lowest valuation on record. How to trade it using optionsTrack all the latest coverage of oil prices and the oil and gas industry at CNBC.com.
Mosaic Family Wealth Partners LLC grew its holdings in shares of Vanguard Growth ETF (NYSEARCA:VUG – Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,494 shares of the company’s stock after purchasing an additional 8,807 shares during the period. Vanguard Growth [...]
Dakota Wealth Management lessened its stake in Truist Financial Corporation (NYSE:TFC – Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,325 shares of the insurance provider’s stock after selling 18,046 shares during the quarter. Dakota Wealth [...]
China's second-quarter GDP growth tops forecast even as US tariff risks mount ReutersChina posts 5.2% GDP growth for Q2 CNNChina’s Economy Grows Steadily Despite Trump’s Tariffs The New York TimesAsia-Pacific markets mostly rise after China's second-quarter growth beats estimates CNBCChina’s economy grows 5.3% in first half, despite Trump’s trade war The Washington Post
Nvidia Wins OK to Resume Sales of AI Chip to China After CEO Meets Trump - WSJ The Wall Street JournalNvidia Says U.S. Has Lifted Restrictions on A.I. Chip Sales to China The New York TimesNvidia says it will resume sales of 'H20' AI chips to China Yahoo FinanceNvidia's Jensen Huang Is Right About the Real AI Race With China BloombergNvidia teases a win for its China business, and big money could be on the line MarketWatch
LONDON, UK, July 14, 2025 (GLOBE NEWSWIRE) -- As cryptocurrency markets enter a new phase of global momentum, marked by rising adoption and institutional participation, Jamining.com is simplifying how individuals participate in digital asset mining. With a focus on XRP and a commitment to clean energy and user-centric design, the platform offers a secure, cloud-based alternative to traditional mining models.The latest crypto bull run has seen Bitcoin holding strong above $119,000, with altcoins like XRP, Ethereum, and Litecoin following suit. This upward trend reflects a growing public interest in blockchain-based systems—especially those that offer utility, speed, and scalability. In response, Jamining.com has enhanced its platform experience to support new users who seek accessible and sustainable ...Full story available on Benzinga.com
Brazil Potash Corp (NYSE:GRO) surged 86.21% in after-hours trading on Monday.Check out how Brazil Potash stock is trading hereWhat Happened: The company’s stock price jumped to $2.70 after the market closed, up from the day’s closing price of $1.45. This surge followed the announcement of a Memorandum of Understanding (MoU) signed between the Toronto-based fertilizer company and Fictor Energia for a $200 million power line project.The MoU outlines the terms for Fictor Energia to fund approximately $200 million in power transmission construction costs for the Autazes Project. See Also: This ...Full story available on Benzinga.com
China posts 5.2% GDP growth for Q2 CNNChina’s Economy Grows Steadily Despite Trump’s Tariffs The New York TimesChina growth slows as trade turmoil weighs on economy BBCAsia-Pacific markets mostly rise after China's second-quarter growth beats estimates CNBCChinese economy grows at a 5.2% annual pace in April-June quarter despite trade war CityNews Halifax
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"The Numbers Don't Lie": Most California Voters Say Special Interests Have Too Much Influence On Policy: Poll Authored by Kimberly Hayek via The Epoch Times (emphasis ours),A poll by the Berkeley Institute of Governmental Studies published on July 10 found that a majority of Californians believe special interest groups wield too much influence over policymaking in Sacramento.A voter drops off a ballot at an official ballot drop box on the final day of early voting ahead of Election Day at City Hall in San Francisco on Nov. 4, 2024. Loren Elliott/Getty ImagesMore than 6,000 respondents were asked whether or not “special interest money has too much influence in Sacramento politics and decisionmaking.”Fifty-five percent of respondents strongly agreed, and 20 percent somewhat agreed. Only 2 percent disagreed.Republicans and Democrats were largely united on the issue.The poll found that 73 percent of Democrats and 81 percent of Republicans agreed with the statement. Among those with no party preference, 75 percent agreed.The sentiment was shared across regional, gender, age, education, income, and racial groups, with at least 59 percent of respondents in each group agreeing with the statement. The poll also found that 87 percent of regular voters strongly or somewhat agreed with the statement.“The numbers don’t lie. Californians overwhelmingly recognize that big money wields far too much power over our elected officials,” said Russia Chavis Cardenas, deputy director of nonprofit organization California Common Cause.“People from every political party, every race, and every walk of life are united behind one urgent demand. They want Sacramento to break the grip of big money on our democracy.”When asked whether they trust various representatives to “act in the best interests of the California public,” 14 percent of voters said they have “a lot” of trust in Gov. Gavin Newsom. Another 28 percent said they trust him “somewhat.”Voters trust the state Legislature about as much: 11 percent said they trust it a lot, and 33 percent said they trust it somewhat.California Gov. Gavin Newsom speaks in Los Angeles on Sept. 25, 2024. John Fredricks/The Epoch TimesVoters have even less trust in “tech companies and their leaders,” with just 4 percent saying they have a lot of trust that those leaders will act in the best interests of California residents. The poll found 58 percent have no trust “at all” in tech leaders. Trust in business leaders in general was only slightly higher: 4 percent said they trust them, while 46 percent said they do not trust them “at all.”“It’s no surprise that Californians have little trust in tech companies and their leadership,” said Leora Gershenzon, policy director of the California Initiative for Technology and Democracy.“All too often, they have made decisions that further screentime addiction, mental health challenges in children and teens, and political deepfakes that undermine elections, all to maximize profit.”Voters trust labor unions more, with 19 percent saying they trust them a lot and 32 percent saying they trust them somewhat.Community-based nonprofit organizations score higher: 27 percent trust them a lot, and another 35 percent trust them somewhat.“With so much special interest money in California elections, everyday Californians question the motives of our elected leaders. But they know community-based organizations will always have their back,” said Camila Chavez, executive director of nonprofit organization Dolores Huerta Foundation.Regarding the justice system, 20 percent of California voters said they have a lot of trust in the courts, and 37 percent said they trust them somewhat.Eleven percent of voters said they trust public officials a lot, and 39 percent said they trust them somewhat.‘Democracy Under Attack’A majority of Californians, 64 percent, across gender, age, education, regional, income, and racial groups, view American democracy as “under attack.”Fewer than 15 percent of respondents from each group said American democracy is in “no danger.”Seventy percent of respondents aged 65 and older believe American democracy is under attack, along with 69 percent of white people, and 74 percent of black respondents. Only 1 percent of black respondents view American democracy as being in no danger.Democrats and Republicans are split on the issue, with 81 percent of Democrats seeing American democracy as under attack, while only 38 percent of Republicans agree. A total of 39 percent of Republicans view American democracy as being tested, and 24 percent of Republicans view American democracy as in no danger.Sixty-one percent of those with “No Party Preference” believe that American democracy is under attack. An estimated 32 percent view it as being tested. Just 8 percent of those with no party preference, and 3 percent of Democrats, see American democracy as being in no danger.“It is hard to imagine that a majority of voters would have seen U.S. democracy as under severe threat,” said Eric Schickler, co-director of the Institute of Governmental Studies. “It is now something of a new ‘normal,’ itself a worrisome sign about how things have shifted.” Tyler DurdenMon, 07/14/2025 - 22:35
Apple CEO Tim Cook Should Be Replaced, Research Firm Says MacRumorsApple CEO Tim Cook has created more shareholder value than Steve Jobs. But suddenly his weaknesses are on display in the AI era FortuneEven with Apple’s stock slump, Tim Cook is the right leader for the AI era MarketWatchApple’s C-suite undergoes major reshuffle — here’s what it means for CEO Tim Cook New York PostApple Undergoing Major Management Overhaul, But CEO Tim Cook To Stay On AOL.com
Investment experts see a continued rise in gold prices, and share several ways to play the trend.
Trump's fresh tariffs have reignited the gold rally. Here's how the pros are investing CNBCGold Climbs as Market Digests Mixed US Messages on Trade Talks YahooUSD weakness could reignite gold rally as semis drive silver demand and platinum jewelry ramps up – Heraeus KITCOGold and silver forecast dilemma: Trade jitters vs. dollar recovery FOREX.comGold eases after hitting three-week high Reuters
BEIJING (AP) — China's economy slowed in the last quarter as President Donald Trump’s trade war escalated, but it still expanded at a robust 5.2% pace, the government said Tuesday. That compares with 5.4% annual growth in January-March.
China’s second-quarter economic growth beat expectations. U.S. President Donald Trump threatens 100% tariffs on Russian export buyers. The White House will allow Nvidia to resume chip exports to China. Stocks in the U.S. tick up even after renewed tariff threats. Analysts share the best way to play gold as prices trade at highs.Here’s a tariff we can get behind. At a White House meeting on Monday with NATO’s secretary general, Mark Rutte, U.S. President Donald Trump said he would introduce “tariffs at about 100%” on Russia’s trade partners if the Kremlin doesn’t reach a deal to end its invasion of Ukraine in 50 days.Notably, the punitive measures will be implemented as “secondary tariffs,” Trump said. Unlike Trump’s normal tariffs, under which a specific country is slapped with a levy, secondary tariffs impose the duty on countries and entities that buy Russia’s exports.While those moves were meant to weaken Russia’s economy, they do run the risk of drawing other countries’ ire. According to data from the International Trade Centre, in 2024, Russia’s biggest export was oil, and its biggest buyers were China, India and Turkey, in that order. That means those nations, among others, would effectively face a tariff of 100% from the U.S. — the highest of all updated numbers announced so far — if they don’t shift their buying patterns.That said, it’s refreshing to think of tariffs not as a weapon in a trade war (even if there might be collateral damage), but being used for peace.What you need to know todayChina’s second-quarter economic growth beat expectations. Compared with a year earlier, gross domestic product expanded 5.2%. While that figure topped the 5.1% estimates in a Reuters poll, it marks a deceleration from the previous quarter’s growth of 5.4%.Trump threatens 100% tariffs on Russian export buyers. The U.S. president said he will impose “secondary tariffs” on Moscow if the country doesn’t end its war on Ukraine in 50 days.The White House will allow Nvidia to resume chip exports to China. The semiconductor company said Tuesday that the U.S. government has assured Nvidia it will be granted licenses to export H20 chips to Beijing. Nvidia’s H20 chips were specially designed for the Chinese market.U.S. stocks tick up even after renewed tariff threats. All major U.S. indexes posted mild gains Monday stateside. Asia-Pacific markets mostly rose Tuesday. The yield on the Japanese government’s 10-year bond climbed to its highest level since 2008.[PRO] How to play gold as prices trade at highs. The bullion topped a three-week high on Monday as investors piled into the safe-haven asset amid trade turbulence. Fund managers and analysts share the best ways to invest in gold.And finally...Erika Gerdemark | Bloomberg | Getty ImagesA model of an eco-district, to be built out of engineered wood, currently known as Stockholm Wood City, by developer Atrium Ljungberg AB, in Sickla on the outskirts of Stockholm, Sweden, on Wednesday, July 12, 2023.Inside Europe’s billion-dollar wooden cityA part of Stockholm, the capital of Sweden, is set to become the “world’s largest wooden construction project,” according to its developer Atrium Ljungberg, which will invest 12 billion Swedish krona (about $1.25 billion) into the project.Sickla — an industrial area to the south of Stockholm’s center once known for manufacturing diesel engines — is being redeveloped using cross-laminated timber, with the material being used in its buildings’ core, floors and walls.— Lucy Handley
America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance The Wall Street JournalUS rare earth pricing system is poised to challenge China's dominance ReutersPentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50% CNBCRare earths miner taps a seam of US government largesse Financial TimesThe Pentagon’s Rare Earths Deal Is Making Former Biden Officials Jealous Heatmap News
Nvidia says U.S. government will allow it to resume H20 AI chip sales to China CNBCView Full Coverage on Google News
Why the Price of Bitcoin Keeps Hitting Record Highs InvestopediaBitcoin Price Soars Past $120,000 at Outset of House’s ‘Crypto Week’ The New York TimesWhat is the US’s Crypto Week? Why has Bitcoin hit a record high? Al JazeeraBitcoin becomes world’s fifth-largest asset by market cap, surpassing Amazon as price hits $122,000 The BlockBitcoin rally seems to be driven more by institutional demand than speculation Yahoo Finance
She was an anchor and reporter at KTRK in Houston for 16 years.
Florida Financial Advisors LLC grew its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 99.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,848 shares of the company’s stock after acquiring an additional 1,421 shares during the quarter. Florida Financial Advisors LLC’s holdings in GE Aerospace were worth $569,000 as of [...]
LRI Investments LLC lowered its stake in Amgen Inc. (NASDAQ:AMGN – Free Report) by 27.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,037 shares of the medical research company’s stock after selling 394 shares during the quarter. LRI Investments LLC’s holdings in Amgen were worth [...]
Securian Asset Management Inc. decreased its position in Linde PLC (NASDAQ:LIN – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,235 shares of the basic materials company’s stock after selling 356 shares during the period. [...]
Securian Asset Management Inc. lowered its stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 41,025 shares of the utilities provider’s stock after selling 492 shares during the period. Securian Asset Management Inc.’s holdings [...]
Securian Asset Management Inc. trimmed its holdings in shares of Southern Company (The) (NYSE:SO – Free Report) by 1.6% during the first quarter, HoldingsChannel reports. The fund owned 57,968 shares of the utilities provider’s stock after selling 920 shares during the quarter. Securian Asset Management Inc.’s holdings in Southern were worth $5,330,000 at the end [...]
MTM Investment Management LLC reduced its position in GE Aerospace (NYSE:GE – Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,111 shares of the company’s stock after selling 253 shares during the quarter. MTM Investment Management LLC’s holdings in [...]
Aurora Investment Counsel acquired a new position in shares of Southern Company (The) (NYSE:SO – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,504 shares of the utilities provider’s stock, valued at approximately $2,529,000. Southern makes [...]
BHK Investment Advisors LLC grew its stake in Amgen Inc. (NASDAQ:AMGN – Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,659 shares of the medical research company’s stock after buying an additional 200 shares during [...]
Securian Asset Management Inc. lessened its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 18.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,020 shares of the company’s stock after selling 10,500 shares during the period. iShares Core S&P [...]
MTM Investment Management LLC trimmed its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 2.5% in the first quarter, Holdings Channel.com reports. The firm owned 14,596 shares of the company’s stock after selling 378 shares during the quarter. MTM Investment Management LLC’s holdings in Vanguard FTSE Developed Markets ETF were worth [...]
Bleakley Financial Group LLC raised its stake in GE Aerospace (NYSE:GE – Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,558 shares of the company’s stock after purchasing an additional 2,932 shares during the period. Bleakley Financial [...]
Parker Investment Management LLC cut its stake in iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,782 shares of the company’s stock after selling 21,837 shares during the [...]
Weatherly Asset Management L. P. acquired a new position in shares of Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,159 shares of the company’s stock, valued at approximately $262,000. Other large investors also recently [...]
American Bank (OTCMKTS:AMBK – Get Free Report) announced its earnings results on Monday. The company reported $0.65 earnings per share for the quarter, Zacks reports. American Bank Stock Up 0.2% AMBK stock traded up $0.03 during mid-day trading on Monday, hitting $14.95. 845 shares of the company were exchanged, compared to its average volume of [...]
RALEIGH, N.C. (WNCN) – While AI continues to reshape both the current and future job market, ResumeGenius put together a list of the 10 highest-paying, fastest-growing jobs that AI won't replace. This list was assembled with data from the Bureau of Labor Statistics and ResumeGenius' risk probability calculator. Number one is a computer and information [...]
Florida Financial Advisors LLC decreased its position in shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW – Free Report) by 6.9% during the 1st quarter, HoldingsChannel reports. The fund owned 10,555 shares of the company’s stock after selling 786 shares during the period. Florida Financial Advisors LLC’s holdings in iShares S&P 500 Growth ETF were [...]
China And India Drive Global Demand For Air Conditioning Driven by population growth (and climate change apparently), global demand for air conditioning is set to explode in the coming decades. Statista's Katharina Buchholz reports that, according to the latest available estimates from the International Energy Agency, more than 2.4 billion air conditioners are in use worldwide this year.This number is expected to increase to 5.6 billion by 2050, with two markets driving the majority of the world's demand: China and India.You will find more infographics at StatistaThe number of air conditioners in service is also expected to increase eleven-fold in Indonesia and six-fold in Mexico between 2020 and 2050.Yet, the number of units remains relatively small in those countries compared to those expected to be added in the two major Asian growth markets.It is estimated that the world's air conditioners and fans together account for about 10 percent of global electricity consumption.By contrast, electric vehicles will account for 13 percent of global growing electricity needs, while heating will account for seven percent.You will find more infographics at StatistaUnless air conditioning technology becomes significantly more efficient, the rising energy demand associated with cooling poses a huge environmental challenge before the middle of the century. Tyler DurdenSun, 07/13/2025 - 22:45
BEIJING, July 13, 2025 /PRNewswire/ -- "Promoting sustainable development," "opposing unilateral trade measures," and "upholding multilateralism" have emerged as some of the key words at the just-concluded 17th BRICS Summit in Rio de Janeiro, Brazil. The international community closely...
U.S. Treasury yields were little changed on Monday morning after President Donald Trump announced additional tariffs of 30% on the European Union and Mexico over the weekend.At 5:52 a.m. ET, the 10-year Treasury yield held steady at 4.423%, and the 30-year yield was up just over a basis point at 4.971%. The 2-year yield was down 2 basis points, reaching 3.891%.One basis point is equal to 0.01% and yields and prices move in opposite directions.Tariff news continues to dominate as Trump announced additional levies over the weekend. This time, the president is threatening to impose 30% tariffs on the EU and Mexico, which will take effect on Aug. 1.He said that if the EU or Mexico retaliates with higher tariffs, “then, whatever the number you choose to raise them by, will be added on to the 30% that we charge.”Deutsche Bank analysts said in a note, “To be fair, a month ago Trump threatened the EU with a 50% tariff, so you might argue this is an improvement! The market will generally think this is mostly a negotiating tactic and that we’re unlikely to see such rates.“On the economic data front, investors will keenly await June’s inflation reading on Tuesday, followed by the producer price index on Wednesday, which will offer more clarity about the impact of tariffs on the economy.Investors are also on alert as Trump’s conflict with U.S. Federal Reserve Chair Jerome Powell comes into focus again, after National Economic Council Director Kevin Hassett said Sunday that the Trump administration could fire Powell “if there’s cause.”
Daytime Emmy-winning half-hour newsmagazine Extra has let go a number of staffers ahead of its forthcoming 32nd season, Deadline has confirmed. The decision is a result of an annual cataloguing that assesses staff structure and production processes and was not a performance-based. As Extra continues into its third decade, it seeks to revamp the show [...]
This is CNBC’s live blog covering European markets.European stocks open lower as investors react to latest tariff threatWe’re around 30 minutes into the first trading session of the week, and Europe-listed stocks are broadly edging lower as trading kicks off.The pan-European Stoxx 600 was last seen trading close to 0.5% lower, with most sectors in negative territory. Tariff-sensitive autos stocks led losses, with the Stoxx Europe Automobiles index shedding around 1%.Looking at major regional bourses, Germany’s DAX is leading the sell-off after moving 0.8% lower, while London’s FTSE 100 is bucking the regional trend to trade 0.2% higher.— Chloe TaylorEU official says bloc ‘very close to an agreement’ with U.S. on tradeJean-christophe Verhaegen | Afp | Getty ImagesEU commissioner for trade and economic security, interinstitutional relations and transparency, Maros Sefcovic, attends a press conference at the EU Council building in Luxembourg on April 7, 2025.EU Trade Commissioner Maros Sefcovic told reporters on Monday that U.S. President Donald Trump’s threatened 30% tariff on the European Union would practically eradicate trade between the two economic powers.In comments cited by news agency Reuters, however, Sefcovic also expressed optimism that the U.S. and the EU could find a solution.“The feeling on our side was that we are very close to an agreement,” he reportedly said ahead of an EU trade ministers’ meeting in Brussels.— Chloe TaylorTariffs are hitting European firms hard. Here are the sectors to watchEarnings estimates for companies around the world have fallen sharply in recent months as analysts attempt to predict the impact of new U.S. tariffs.Earnings per share across Europe’s benchmark Stoxx 600 are expected to fall 0.2% on an annualized basis in the second quarter, according to LSEG I/B/E/S research. On April 1, ahead of Trump’s so-called “Liberation Day,” analysts expected 7.2% growth.Analysts are watching three key sectors as Europe’s largest companies prepare to report on their earnings — read about them here. — Matt Ward-PerkinsBank of England’s Bailey says ‘path is downward’ for UK interest ratesKin Cheung – WPA Pool | Getty Images News | Getty ImagesAndrew Bailey, governor of the Bank Of England, pauses before the start of the Monetary Policy Report press conference at the Bank Of England on Feb. 6, 2025, in London.In an interview with British newspaper The Times, Bank of England Governor Andrew Bailey said the central bank would deepen its rate-cutting cycle should the U.K.’s job market slow.His comments came as the U.K.’s most recent inflation print remained elevated at 3.4%, with economists polled by Reuters expecting the June reading to be flat when it’s released on Wednesday.But Bailey told The Times there were “consistent” signs of British firms “adjusting employment,” and said the U.K.’s economic struggles were creating “slack” that would help cool inflation.“I really do believe the path is downward,” he said in the interview, which was published on Sunday night. “If we saw the slack opening up much more quickly, that would lead us to a different conclusion.”Markets are currently pricing in a 25-basis-points cut at the Bank of England’s next meeting in August, according to LSEG data.— Chloe TaylorHere’s a quick dive on EU-US tradeFabian Bimmer | Afp | Getty ImagesCargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Following President Trump’s decision to impose 30% tariffs on imports from the EU — we wanted to take a deep dive into the volumes of trade between the two.Together, the EU and U.S. make up almost 30% of all global trade in goods and services and 43% of global GDP. In 2024, trade between the two totaled some 1.7 trillion euros — that’s the equivalent of 4.6 billion euros per day, EU data shows. But is the EU’s trade surplus as one-sided as the White House suggests?When it comes to goods, in 2024 the EU exported around 530 billion euros’ ($618 billion) worth to the U.S. and imported 335 billion — giving it a surplus of nearly 200 billion euros. But as Brussels is quick to point out: the U.S. leads the way in services where it enjoys a surplus of 150 billion dollars. All in all, that gives the EU a total trade surplus of just $50 billion. And finally – what are the European industries and countries most exposed to U.S. tariffs?By sector, it is far and away the pharmaceutical sector, followed by autos and aircraft machinery. Looking at individual economies, Germany and Ireland stand out as the most exposed: Almost a quarter of all German exports are destined for the U.S., while for Ireland that figure is more than a third. — David MartinHere are the opening callsJonathan Brady – Pa Images | Pa Images | Getty ImagesThe Millennium Bridge in London, on July 4, 2025.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Monday.Futures data from IG suggests regional markets will start the week flat to lower, with London’s FTSE 100 expected to flat, Germany’s DAX down 0.6% and France’s CAC 0.5% lower. Italy’s FTSE MIB is seen opening 0.7% lower.The dour mood for European markets comes after U.S. President Donald Trump announced at the weekend that he would impose a 30% tariff on goods imported from the EU, dealing a blow to the bloc after several months of negotiations to try to reach a trade deal. The duty will go into effect on Aug.1.The EU has said it will not retaliate straight away but would look to reach a deal.“Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic,” European Commission President Ursula von der Leyen said in a statement.She said the EU remains “ready to continue working towards an agreement by August 1.”“At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”— Holly Ellyatt
The price of Bitcoin topped $122,600 at 1:27 p.m. Singapore time, according to data from Coin Metrics. The fresh highs come amid strong Bitcoin ETF inflows and moves from U.S. policymakers aimed at clearer regulation for the industry.Bitcoin extended gains Monday to hit a new milestone, breaking past $120,000, fueled by a rally in the cryptocurrency’s ETFs.The price of the largest cryptocurrency by market capitalization topped $122,600 at 1:27 p.m. Singapore time, according to data from Coin Metrics.The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $1.18 billion.“We believe that Bitcoin’s surge is driven by longer-term institutional buyers and this will propel it to $125k in the next month or two,” Jeff Mei, chief operating officer at cryptocurrency exchange BTSE, said in a statement sent to CNBC. “Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run,” he added.Investors have been anticipating bitcoin to hit new records this year as corporate treasuries accelerate their bitcoin buying sprees and U.S. Congress nears the passing of new crypto legislation.The U.S. House of Representatives will begin deliberating on a series of crypto bills on Monday aimed at providing a clearer regulatory framework for the digital asset industry. The policy had been long sought by the industry, and is supported by U.S. President Donald Trump, who has branded himself as a pro-crypto President and is involved in several crypto ventures.One of the most significant bills under consideration is the Genius Act, which could establish federal guardrails for U.S. dollar-pegged stablecoins and create a pathway for private companies to issue digital dollars.“Long-term holders are locking up supply, while global policy clarity — especially around stablecoins and crypto legislation — has boosted investor confidence and capital inflows,” Xu Han, director of the Liquid Fund at HashKey Capital, said in a statement to CNBC.Speaking on CNBC’s “Access Middle East,” Markus Thielen, CEO of 10x Research, said that he hopes that the U.S. will announce a sovereign wealth fund that could purchase digital currencies, also an overhanging factor market.He noted that corporate and institutional investors have purchased $15 billion in Bitcoin ETFs over the last six to eight weeks. In contrast, retail investors appear to have been on the sidelines during the latest rally, he added.10x Research has a year-end Bitcoin target range of $140,000 to $160,000, Thielen revealed, but the most significant risk facing this remains the U.S. Federal Reserve continuing its hawkish policy and further interest rate hikes due to tariffs.
A new case that is set to begin in federal court in Miami on Monday is the first to go to a jury trial, representing a serious threat to Tesla, its self-driving technology and its reputation.
Researchers piece together a fascinating tale to shed light on an exceptional saga, Wang Kaihao and Wang Ru report in Yinchuan. BEIJING, July 13, 2025 /PRNewswire/ -- A report from China Daily: In 1227, this dynasty in Northwest China was finally defeated by the Mongol army after a...
Trump economic adviser says White House probing Fed renovation costs, authority to fire Powell New York PostContenders to succeed Powell slam Fed chair as White House pressure intensifies Yahoo FinanceFederal Reserve quietly responds to Trump administration attacks over renovation CNBCFed Defends Renovations as White House Widens Attacks on Central Bank The New York TimesEconomic council head says Trump's ability to fire Fed's Powell is 'being looked into' NBC News
DUBAI, United Arab Emirates (AP) — The search for those missing after Yemen’s Houthi rebels sank a ship in the Red Sea has ended as at least four people are presumed dead and 11 others remain unaccounted for, the private security firms involved said Monday. The announcement came as satellite photos show long, trailing oil [...]
Fulton Breakefield Broenniman LLC trimmed its holdings in Abbott Laboratories (NYSE:ABT – Free Report) by 21.4% during the first quarter, Holdings Channel.com reports. The fund owned 5,860 shares of the healthcare product maker’s stock after selling 1,592 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Abbott Laboratories were worth $777,000 at the end [...]
Greatmark Investment Partners Inc. increased its stake in AbbVie Inc. (NYSE:ABBV – Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,280 shares of the company’s stock after acquiring an additional 80 shares during the period. AbbVie comprises approximately 1.2% of Greatmark Investment [...]
Fulton Breakefield Broenniman LLC lessened its stake in AbbVie Inc. (NYSE:ABBV – Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,662 shares of the company’s stock after selling 3,049 shares during the quarter. AbbVie accounts [...]
Greatmark Investment Partners Inc. grew its stake in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 1.4% in the first quarter, HoldingsChannel.com reports. The firm owned 6,778 shares of the business services provider’s stock after purchasing an additional 95 shares during the period. Greatmark Investment Partners Inc.’s holdings in Paychex were worth $1,046,000 as [...]
Pittenger & Anderson Inc. grew its stake in ResMed Inc. (NYSE:RMD – Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,271 shares of the medical equipment provider’s stock after buying an additional 2,734 shares during the quarter. [...]
Dress for Success marks new chapter with move to Orillia Square OrilliaMatters.com
Mutual of America Capital Management LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,589 shares of the investment management company’s stock after selling 1,448 shares [...]
FDx Advisors Inc. lowered its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 19.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,889 shares of the technology company’s stock after selling 3,736 shares during the [...]
New York State Common Retirement Fund trimmed its stake in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 872,884 shares of the business services provider’s stock after selling 66,679 shares during [...]
New York State Common Retirement Fund reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,691 shares of the semiconductor company’s stock after selling [...]
New York State Common Retirement Fund cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,136,691 shares of the semiconductor company’s stock after selling 102,294 shares during the quarter. New [...]
TFR Capital LLC. lifted its position in The Home Depot, Inc. (NYSE:HD – Free Report) by 49.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,245 shares of the home improvement retailer’s stock after purchasing an additional 1,077 shares during the period. TFR Capital LLC.’s [...]
Dock Street Asset Management Inc. increased its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,490 shares of the home improvement retailer’s stock after purchasing an additional 46 shares during [...]
Legacy Financial Group Inc. reduced its holdings in shares of Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP – Free Report) by 0.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,032 shares of the company’s stock after selling 356 shares during the period. Vanguard Short-Term Inflation-Protected Securities ETF [...]
Isthmus Partners LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 17.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 100,637 shares of the transportation company’s stock after acquiring an additional 14,927 shares during the quarter. Isthmus Partners LLC’s holdings in United Parcel Service were worth $11,069,000 as of [...]
IDF Soldiers Say Grenade-Drones Being Used On Civilians: 'None Of Them Were Armed' The Israel Defense Forces are routinely killing civilians in Gaza with commercial drones modified to drop grenades on them -- often leaving the corpses to be eaten by dogs, according to interviews with seven soldiers and officers conducted by Israeli investigative journalists. The tactic is being used to deter civilians from venturing into areas declared off-limits by the IDF, with indifference to the fact that the individuals -- some of them children -- pose no threat. Compounding the amorality of the conduct, the soldiers say the off-limits areas aren't marked on the ground. According to Israel's +972 Magazine and Local Call, every Palestinian killed in this fashion was counted as a "terrorist" in the IDF's official reporting. The soldiers say that's utterly false. One soldier identified as "S" says that he coordinated dozens of drone attacks over the 100 days his unit was deployed in the southern Gaza city of Rafah, and that the vast majority of the dead were unarmed civilians. The only two exceptions were a single executed Palestinian who merely had a knife, along with only one legitimate encounter with armed militants. A Chinese Autel EVO drone like those weaponized by the IDF with a grenade-dropping function (ZLEA/CC BY-SA 4.0 via +972 Magazine)By his recollection, the battalion killed a civilian in this fashion on a daily basis, even though it was obvious to him that the Palestinians posed no threat. “It was clear that they were trying to return to their homes — there’s no question. None of them were armed, and nothing was ever found near their bodies. We never fired warning shots. Not at any point.”Adding another layer of horror to the IDF-orchestrated hell that is Gaza, the corpses -- which were upwards of a mile from their killers -- were typically left to be eaten by dogs, says S.: “You could see it on the drone footage. I couldn’t bring myself to watch a dog eating a body, but others around me watched it. The dogs have learned to run toward areas where there’s shooting or explosions — they understand it probably means there’s a body there.”Worse, S. said children have been deliberately targeted: “There was a boy who entered the [off-limits] zone. He didn’t do anything. [Other soldiers] claimed to have seen him standing and talking to people. That’s it — they dropped a grenade from a drone...In most cases, there was nothing you could tell yourself. There was no way to complete the sentence, ‘We killed them because ____.’”“There were many incidents of dropping grenades from drones,” said H., a soldier who'd been deployed to central Gaza. . “Were they aimed at armed militants? Definitely not. Once a commander defines an imaginary red line that no one is allowed to cross, anyone who does is marked for death,” even just for “walking in the street.” These new accounts are consistent with previous reporting that the IDF creates "kill zones" where soldiers shoot anyone moving inside the area, followed by the IDF boasting that another terrorist was killed. Where IDF soldiers' ability to mow down civilians in kill zones was previously limited by the range of their rifles, drones now let them kill from several kilometers away. Exclusive |Aerial footage obtained depicts Israeli soldiers dropping grenades from a drone, targeting a group of civilians fleeing Netzarim last September. One person is visibly struck and collapsesNetzarim became a kill zone, and as the military gradually expanded it, so did... pic.twitter.com/QPW2EVHJ3D— Younis Tirawi | يونس (@ytirawi) July 3, 2025Elaborating on this capability, a soldier called "Y." described how he and other soldiers made bloody examples of Palestinians who entered forbidden areas: “You send a drone up 200 meters high, and you can see three to four kilometers in every direction, You patrol like that: you see someone approaching, the first one gets hit with a grenade, and after that, the word spreads. One or two more come, and they die. The rest understand.”When killing wasn't automatic, the criteria used to determine who is dangerously suspicious was so expansive as to capture just about anyone. “[Someone who] walks too fast is suspicious because he’s fleeing. Someone who walks too slowly is also suspicious because [it implies] he knows he’s being watched, so he’s trying to act normal," said S. Soldiers say even the simple act of bending over is sufficient basis for dropping a grenade on a Palestinian. Most of these grenade-dropping drones are modified EVO models manufactured by China's Autel for photography use, +972 Magazine reports. They only cost about $3,000 compared to $2 million for Israel's military-grade Elbit Hermes 450. The IDF modifies the EVOs with a military "iron ball" appendage that can carry a grenade dropped by the push of a joystick button. H. described how drones change the nature of taking a human life: “This technology has made killing much more sterile. It’s like a video game. There’s a crosshair in the middle of the screen, and you see a video image. You’re hundreds of meters away, [sometimes] even a kilometer or more. Then you play with the joystick, see the target, and drop [a grenade]. And it’s even kind of cool. Except this video game kills people.”One soldier who spoke to +972 Magazine said he recalled signing thank-you letters addressed to Americans who donated drones to his unit. Autel says it hasn't supplied its photography drones to Israel: "We find the prospect of our products being associated — even mistakenly — with violence against civilians to be utterly unacceptable. Autel Robotics has never sold drones to any users in the Israeli region, including but not limited to the Israeli military or Ministry of Defense."Gaza's Khan Younis in ruins on the one-year anniversary of the Hamas invasion of Israel (Bashar Taleb / AFP via Turkiye Today)Enforced by these routine killings of civilians in "kill zones," the coerced depopulation of entire areas goes hand-in-hand with the recent announcement by Israel's defense minister that the IDF is going to build a concentration camp in Rafah, the southernmost Gaza city. The plan is to force all 2 million residents of Gaza into a "humanitarian city" ringed by IDF guards preventing anyone from leaving. Last month, a different group of IDF soldiers offered their own damning testimony about the IDF's conduct, confirming the routine use of deadly force on unarmed Palestinians as a barbaric form of crowd control at distribution points for humanitarian aid. Israeli Prime Minister repeatedly calls the IDF "the most moral army in the world." They say if a lie is repeated enough, it becomes the truth -- but it's hard to fathom the quantity of lies necessary to overcome the growing stack of damning testimonies from IDF soldiers and officers. Tyler DurdenSat, 07/12/2025 - 22:45
Musk has been advocating for his employees to work 80 hours a week for years. He doesn’t even work 40 hours at Tesla. evidencenetwork.ca
Earnings season kicks off on Tuesday with America’s banking behemoths, as attention switches from the White House back to Wall Street. Elsewhere, the G20 meetings in South Africa next week come at an interesting time for the country. U.S. Treasury Secretary Scott Bessent is not expected to attend. It comes after a meeting between the South African President and his U.S. counterpart went spectacularly wrong back in May.Earnings season always seems to roll around with alarming frequency.The newsroom approaches each quarter with a nervous energy, but this summer it feels especially heightened. Recent market records in both the U.S. and Europe, alongside an unpredictable economic environment, paint a complicated picture for the second half.It all kicks off on Tuesday with America’s banking behemoths, as attention switches from the White House back to Wall Street.But U.S. President Donald Trump’s policies still loom large, with Goldman Sachs predicting that, this quarter, U.S. earnings will start to show the impact of the tariffs.The investment bank’s economists see “conflicting messages on the margin outlook” as companies have only announced modest price increases, despite the cost hikes associated with higher tariffs.Earnings-per-share growth is also set to come under pressure, with Goldman suggesting, “the consensus estimate among analysts sees S&P 500 companies’ earnings-per-share growth decelerating to 4% this quarter relative to the same quarter last year — down from 12% in the first quarter.”With the banks set to dominate next week — JPMorgan, Citi, Goldman Sachs, Morgan Stanley and Bank of America are all reporting within just two days — maybe Europe can provide some optimism.As reported by CNBC’s Jenni Reid, European banks just recorded their best first half since 1997. Gains were driven by strong investment banking returns — something their U.S. counterparts are also likely to capitalize on — as well as stock rallies based on both deal speculation and actual M&A.G20 heads southAs someone who grew up in Cape Town, seeing this year’s G20 meetings take place in South Africa makes me pine for the sunshine of the Southern hemisphere.Next week’s meeting in Durban between finance ministers and central bank governors comes at an interesting time for the country.An Oval Office meeting between South African President Cyril Ramaphosa and Trump went spectacularly wrong back in May, when the latter, flanked by his South African (now former) right-hand man Elon Musk, made false claims of a “white genocide.”It seems tensions have not abated.U.S. Treasury Secretary Scott Bessent will skip the meeting altogether, opting to head to Japan instead, according to Reuters. South Africa is also subject to a new 30% tariff rate, the only country in sub-Saharan Africa to be singled out in the latest round of announcements.It does not bode well for the G20 Leaders meeting, due to be held in Gauteng on Nov. 22-23. It remains to be seen if Trump will attend.In May, South Africa’s golfing greats — who traveled to the White House with Ramaphosa — failed to win over Trump. But maybe the lure of some of the best courses in the world, along with a South African summer, could see a seasonal change in his mood toward the country later this year.
What Just Happened In Rio Should Terrify The West Authored by Farhad Ibragimov,A few days ago, the city of Rio de Janeiro hosted the 17th BRICS summit, marking a significant step forward for the organization amid the accelerating transformation of the global political and economic landscape. Represented by Foreign Minister Sergey Lavrov, Russia played an active role in the summit’s proceedings, while President Vladimir Putin addressed the plenary session via video link. In his remarks, the Russian leader offered a comprehensive analysis of current global trends, emphasizing that the liberal model of globalization is losing viability as the center of economic and political activity shifts decisively toward the Global South – developing countries with rising demographic, resource, and technological potential.The Rio summit reaffirmed BRICS’ growing political weight and its ambition to become a key force in shaping the emerging multipolar order. High-level meetings drew global attention not only because of their scale but also due to the substantive outcomes they produced. A total of 126 joint commitments were adopted, spanning critical areas such as global governance reform, the restructuring of international financial institutions, healthcare, climate initiatives, artificial intelligence, and sustainable development.The declaration adopted at the summit, titled ‘Strengthening Global South Cooperation for More Inclusive and Sustainable Governance’, underscored BRICS’ commitment to multilateralism, respect for international law, and the promotion of a fair and equitable world order. But beyond the formal language, the summit revealed a deeper shift: BRICS is no longer limiting itself to cautious technocratic dialogue. The bloc is increasingly positioning itself as a cohesive international actor – capable of proposing new frameworks for economic integration, political solidarity, and global coordination.Crucially, this political reorientation did not begin in Rio. It builds directly on the strategic groundwork laid during the 2024 summit in Kazan, Russia – the largest BRICS gathering to date – which brought together not only member states but also dozens of partners under the BRICS+ umbrella. The Kazan summit established a new level of cooperation and ambition, and Rio served as a continuation of that trajectory. It became the arena where aspirations evolved into policy, and where the Global South began to more clearly articulate its place in the world.From economic cooperation to collective securityAmong the most consequential developments at the Rio summit was the firm commitment to advancing financial sovereignty among member states. Particular emphasis was placed on transitioning to transactions in national currencies – a long-standing initiative championed by Russia and several other BRICS countries. The leaders endorsed this direction, recognizing the need to reduce dependence on dominant reserve currencies. President Putin underscored that this was not merely an economic measure, but a geopolitical move aimed at strengthening the sovereignty of participating nations and insulating them from external pressure.In support of this goal, the summit produced agreements to boost mutual investment volumes and accelerate the development of independent payment and settlement mechanisms. These initiatives are designed to lay the groundwork for a more resilient financial architecture – one that bypasses traditional Western-controlled institutions and empowers countries to determine the terms of their own economic cooperation. Increasingly, BRICS views economic autonomy as a precondition for long-term political independence in a world marked by volatility and polarization.But the Rio summit did more than solidify the BRICS financial agenda. For the first time in its history, the organization made a strong, collective political statement on an issue directly related to international security. The final declaration included a specific condemnation of Ukrainian attacks on civilian infrastructure in Russia’s Bryansk, Kursk, and Voronezh regions. Referring to the bombings of bridges and railway lines on May 31, June 1, and June 5, 2025, the text reads: “We condemn in the strongest terms the attacks against bridges and railways infrastructure deliberately targeting civilians.”This passage carries substantial symbolic and strategic weight. Despite the ideological and political diversity of BRICS members, the bloc united in denouncing attacks that threaten the internal security of one of its founding members. This is a marked departure from the organization’s previously cautious diplomatic tone on sensitive geopolitical issues. BRICS, once defined by its reluctance to address matters of military conflict or security, is now building a normative foundation for solidarity and shared responsibility.The inclusion of this clause suggests that BRICS is beginning to embrace a collective role in shaping norms related to international conflict and security. It signals that the alliance is willing to defend the principle of territorial integrity not just rhetorically, but through coordinated diplomatic action. This is more than a gesture – it is the foundation of a future in which BRICS may serve not only as an economic bloc, but as a political and moral anchor in a divided world.The American reaction: why Washington is nervousJust 48 hours after the release of the Rio declaration – particularly the section denouncing unilateral tariffs and non-tariff measures – US President Donald Trump issued a sharp response. From the White House lawn, he threatened to impose a 10% tariff on all imports from BRICS countries and accused the bloc of attempting to “degenerate the dollar.” In characteristically blunt terms, he remarked: “If you have a smart president, you will never lose the standard. If you have a stupid president like the last one, you would lose the standard.”While Trump’s words may have been wrapped in personal bravado, the underlying message was clear: Washington sees BRICS not as a neutral economic club, but as a mounting strategic threat. Despite the bloc’s repeated assertions that its cooperation is not aimed against any third party, the West views efforts to establish alternative economic frameworks – particularly those bypassing the dollar and Western-controlled institutions – as an existential challenge to US hegemony.The nature of the response underscores a deeper anxiety in Washington. BRICS initiatives once dismissed as symbolic or impractical are now materializing into real structures: trade in local currencies, independent payment systems, and new investment platforms with global reach. These are not just alternatives – they are systemic innovations that call into question the foundations of the current world order.Trump’s outburst, then, is not just a political sideshow. It is evidence that BRICS is crossing a threshold – from peripheral relevance to central influence in global affairs. For years, Western analysts argued that the bloc would collapse under the weight of its internal contradictions. Yet BRICS has not only endured – it has expanded, institutionalized, and begun to assert itself in domains once considered off-limits.The American reaction confirms what many in the Global South already perceive: that BRICS is no longer a passive forum for South-South dialogue. It is becoming an active agent in reshaping the architecture of international power.No turning back: BRICS as a systemic alternativeThe Rio summit left little doubt that BRICS is evolving beyond its original mandate. Once focused primarily on economic coordination, the bloc is now laying the institutional groundwork for an alternative system of global governance – one rooted in sovereignty, equality, and resistance to unilateral pressure. This transformation is not driven by ideology but by the lived experience of its member states, many of which have faced the political and economic consequences of a Western-dominated order.Three strategic vectors are propelling BRICS forward.First, its geo-economic advantage: the bloc is consolidating control over key global trade routes and resource markets. With the accession of new members in 2024-2025 – including Egypt, Iran, and Ethiopia – BRICS now spans critical logistical corridors across Eurasia, Africa, and Latin America. The bloc also commands a significant share of the world’s reserves in energy, rare earth elements, and agricultural commodities, granting it considerable influence over global supply chains and commodity pricing.Second, BRICS possesses an increasingly potent force of attraction. Despite mounting external pressure and efforts to isolate its members, more than 30 countries have applied for membership or partnership status. This groundswell reflects a growing desire among Global South nations for a platform free from ideological gatekeeping, conditional loans, or weaponized sanctions. BRICS, in their eyes, is not just a bloc – it is a symbol of multipolarity, mutual respect, and strategic independence.Third, BRICS is beginning to serve as a functional alternative to gridlocked institutions like the United Nations and the World Trade Organization. Without explicitly seeking to replace them, BRICS offers a more agile and consensus-based model – one that prioritizes non-interference, sovereignty, and pragmatic cooperation over rigid norms or selective enforcement. Its representation of the world’s demographic and economic majority lends it moral and political weight, especially in a context where trust in traditional global structures is in sharp decline.In this light, the anxiety emanating from Washington is not simply reactive – it is anticipatory. The US and its allies understand that what BRICS is building is more than a set of alternative institutions. It is a rival paradigm: one that challenges the monopoly of the dollar, rejects coercive diplomacy, and proposes a new vocabulary for international legitimacy.The Rio summit demonstrated that BRICS is not content to remain a forum of dialogue. It is becoming a vehicle for action. The question is no longer whether BRICS will shape the future of global governance, but how – and how fast. What began in Kazan, and accelerated in Rio, is a project with momentum. And in the shifting landscape of 2025, that momentum now appears irreversible. Tyler DurdenSat, 07/12/2025 - 22:10
Ethereum to $4K? – THESE ETH metrics hold the answer! AMBCryptoEthereum Restarts its Journey to $4,000, These Signals Validate a Strong Bullish Outlook TradingViewEthereum Retakes $3K: But There’s No Bull Case Until This Happens FXEmpireHigh conviction that ETH will surge 160%, SOL’s sentiment opportunity: Trade Secrets Cointelegraph4 signs that the Ethereum price uptrend to $5K is back in play Cointelegraph
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Trump Calls Epstein List A Democrat Psyop, Tells MAGA 'Not To Waste Time And Energy' Less than one year ago, then-candidate Donald Trump vowed to release the Jeffrey Epstein files - aka the 'list' of friends and associates who violated "more than 1,000" sex-trafficked victims. BREAKING: Trump says he's going to release the Epstein files when he’s elected president - Lex Fridman podcast pic.twitter.com/LmrWhwjW2t— Insider Paper (@TheInsiderPaper) September 3, 2024Now, after his FBI just came out to say 'nothing to see here!' (no list, and Epstein definitely killed himself), Trump just wants the whole thing to go away for some reason we can't quite put our finger on. Last week Trump lashed out at a reporter for asking about Epstein, saying "Are you still talking about Jeffrey Epstein? This guy’s been talked about for years." 🚨 BREAKING: President Trump GOES OFF on reporter for asking about Jeffrey Epstein, Pam Bondi says the child p*rn Epstein files can NOT be released, ever.TRUMP: "Are you still talking about - Jeffrey EPSTEIN? ... We have Texas, this, all of the things...are people still talking... pic.twitter.com/SsNWZHkd4Y— Eric Daugherty (@EricLDaugh) July 8, 2025On Saturday, Trump gave a masterclass in how to look guilty - writing in a Truth Social post "We have a PERFECT Administration, THE TALK OF THE WORLD, and “selfish people” are trying to hurt it, all over a guy who never dies, Jeffrey Epstein. For years, it’s Epstein, over and over again."Yeah, why do people want to find out which rich and powerful men were fucking children provided by Epstein? And what did Trump mean when he said that Epstein 'never dies'? (Maybe QAnon knows)Trump then attempted to discredit the Epstein files, equating it to the Steele dossier..."Why are we giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden Administration, who conned the World with the Russia, Russia, Russia Hoax, 51 “Intelligence” Agents, “THE LAPTOP FROM HELL,” and more? They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier that they used on me, and now my so-called “friends” are playing right into their hands," adding "Why didn’t these Radical Left Lunatics release the Epstein Files? If there was ANYTHING in there that could have hurt the MAGA Movement, why didn’t they use it?"Maybe because it would implicate everyone on both sides of the aisle? Trump then said that the FBI should focus on voter fraud and arresting "Thugs and Criminals, instead of spending month after month looking at nothing but the same old, Radical Left inspired Documents on Jeffrey Epstein.""One year ago our Country was DEAD, now it’s the “HOTTEST” Country anywhere in the World. Let’s keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about."This is an interesting moment for the Trump admin right now since it's the first time they're experiencing the same MAGA energy that has helped them get to where they are being temporarily turned against them. Trump is basically like "Yo guys chill," but Epstein is a topic nobody...— Autism Capital 🧩 (@AutismCapital) July 12, 2025The screed earned Trump a ratio on his own platform...🚨 Whoa: President Trump just got ratio'd on his own platform after making that post.Is this a first? pic.twitter.com/dV4TLjRxru— Eric Daugherty (@EricLDaugh) July 13, 2025Meanwhile, Tucker Carlson just said the quiet part out loud; Epstein was likely working a blackmail operation for Israel, which was conducting crimes on American soil. NOW - Tucker Carlson says Epstein was "working on behalf" of Israel and Israel was "committing crimes" on American soil. pic.twitter.com/txbMbJCzzj— Disclose.tv (@disclosetv) July 12, 2025As Chris Hedges notes, the list of those who were in Epstein’s orbit is a who’s who of the rich and famous. They include not only Trump, but Bill Clinton, who allegedly took a trip to Thailand with Epstein, Prince Andrew, Bill Gates, hedge fund billionaire Glenn Dubin, former New Mexico governor Bill Richardson, former Secretary of the Treasury and former president of Harvard University Larry Summers, cognitive psychologist and author Stephen Pinker, Alan Dershowitz, billionaire and Victoria’s Secret CEO Leslie Wexner, the former Barclays banker Jes Staley, former Israeli prime minister Ehud Barak, the magician David Copperfield, actor Kevin Spacey, former CIA director Bill Burns, real estate mogul Mort Zuckerman, former Maine senator George Mitchell and disgraced Hollywood producer Harvey Weinstein, who reveled in Epstein’s perpetual Bacchanalia.Needless to say, Trump's latest command to MAGA over Epstein has backfired...Burn your MAGA hats, this guy sucks. https://t.co/9G7NMDtfdl pic.twitter.com/AfjWWuHJSF— speckzo 🇻🇦 (@ExtremePapist) July 12, 2025Trump took a bullet to protect Jeffery Epstein's clients— Libertarian Party NH 🦔 (@LPNH) July 13, 2025We should’ve known there was a problem when punchy one-liner Trump turned into Boomer text wall Trump.— Martyr Made (@martyrmade) July 12, 2025[POLL] HOW BAD IS THE STUFF ON DRUMPF IN THE EPSTEIN FILES?— iBankCoin, A Reliable Source (@iBankCoin4tw) July 12, 2025TRUMP: EPSTEIN FILES IS A RADICAL LEFT WING PSYOP pic.twitter.com/nR8Tcpoaja— The_Real_Fly (@The_Real_Fly) July 12, 2025The cover up of Jeffrey Epstein is worse than the cover up of Biden’s dementia.— Dave Smith (@ComicDaveSmith) July 12, 2025Maybe Elon was right?Also, where's our Fort Knox audit? Tyler DurdenSat, 07/12/2025 - 21:35
After years of service, Slow Bar and Home, A Bar are set to close, while Higgins Restaurant is on the brink, as the city struggles to recover post pandemic.
By Katie Buehler ( July 11, 2025, 8:33 PM EDT) — In the two weeks since the U.S. Supreme Court curtailed federal judges’ ability to issue universal injunctions, Trump administration attorneys have begun pushing to expand the decision’s limits to other forms of relief used in regulatory challenges and class actions. So far, judges don’t [...]
10 Non-Tax Policies In Trump's Megabill That Will Affect Americans Authored by Jackson Richman, Joseph Lord, Jacob Burg via The Epoch Times,The One Big Beautiful Bill Act is notable for implementing significant changes to the U.S. tax code, including making 2017’s individual income tax brackets permanent.But there are non-tax-related items in the bill that will impact the lives of everyday Americans, affecting travel, women’s health care, immigration, and welfare benefits.Here are ten major non-tax areas that are addressed in the legislation, which President Donald Trump signed into law on July 4.Air Traffic ControlThe new law provides $12.5 billion to the Transportation Department to institute long-overdue reforms to the nation’s air traffic control system.That includes $4.75 billion to upgrade copper telecommunication infrastructure to fiber optics, $3 billion for radar systems replacements, $500 million for safety technology to avoid near-misses on runways, and $100 million for advanced training technology for air traffic controllers.At a July 8 cabinet meeting, Transportation Secretary Sean Duffy called the funding a “massive new start to rebuild air traffic control,” but said his agency will need more money to upgrade American aviation and make it the world’s leader.Duffy has repeatedly pointed to the Federal Aviation Administration’s outdated technology and infrastructure, which still relies on floppy disks, aging copper wire, and rotary phones.Despite the need for more funds, the bill could help reduce and avoid the sorts of delays that infamously bogged down Newark International Airport in New Jersey earlier this year.Air traffic controllers monitor planes at Los Angeles International Airport in Los Angeles on July 1, 2025. Under the One Big Beautiful Bill Act, the Transportation Department will receive $12.5 billion to implement long-overdue reforms to the U.S. air traffic control system. John Fredricks/The Epoch TimesBorder and ImmigrationThe legislation dedicates a total of $150 billion toward border security and immigration enforcement, aligning with some of Trump’s core promises on the 2024 campaign trail.Approximately $80 billion of that amount is slated for domestic immigration enforcement operations.The single biggest immigration item in the law is $46.5 billion dedicated to the construction of a border wall along the U.S.–Mexico border.Much of the rest is slated for Immigration and Customs Enforcement (ICE), the agency largely responsible for carrying out Trump’s mass deportation operation.That includes $45 billion allocated for detention through September 2029—a 365 percent increase over ICE’s prior annual detention funding, which sat at $3.4 billion, according to the American Immigration Council. It provides $14.4 billion for transportation and removal operations, a 500 percent annual increase.For state and local governments that assist with deportation efforts, $13.5 billion is allocated in grants.Border Patrol agents monitor the U.S. border wall in San Ysidro, Calif., on July 25, 2024. The new legislation allocates $150 billion for border security and immigration enforcement. John Fredricks/The Epoch TimesEducationThe bill makes several notable tweaks to federal education policy.First, it would reduce Pell Grant eligibility for high-income students and students with full-ride scholarships. The approximately $7,000 annual grant has long provided a boost to funding Americans’ higher education.The bill also proposes two federal student loan repayment plans, including one traditional repayment plan and one income-based repayment plan, as Republicans seek to do away with President Joe Biden’s contested Saving on a Valuable Education (SAVE) plan.Additionally, it would tax college and university endowments at a variable rate—either 1.4 percent, 4 percent, or 8 percent—based on the institutions’ wealth.Medicaid and Rural HospitalsSome of the changes that have drawn the most attention are those made to Medicaid funding—changes that are expected to boot millions of beneficiaries off the entitlement program while potentially impacting rural hospitals.To reduce Medicaid spending, the bill would impose an 80-hour monthly work requirement for able-bodied adults to receive benefits; the change would take effect by no later than December 2026.It also reduces the “provider tax”—the rate at which states tax hospitals and doctors to pay for their Medicaid programs—from 6 percent to 3.5 percent in states that expanded Medicaid under the Affordable Care Act. Ten states that didn’t expand their programs will see no changes. That change won’t go into effect until 2028.To offset fears that the changes would harm rural hospitals, the bill allocates $50 billion over five years to support such facilities.Estimates vary significantly as to how many individuals could lose coverage as a result of the Medicaid changes. The Congressional Budget Office forecasts that several million nationwide could lose coverage.A man waits in a hospital in Irvine, Calif., on July 8, 2025. The One Big Beautiful Bill Act includes changes that could remove millions from Medicaid and impact rural hospitals. John Fredricks/The Epoch TimesSNAP CutsThe One Big Beautiful Bill Act includes new requirements for recipients of the Supplemental Nutrition Assistance Program (SNAP), better known as food stamps.In addition, the bill introduces more stringent work requirements for SNAP recipients. Currently, able-bodied recipients between 18–54 must spend 80 hours a month volunteering, working, looking for a job, or being in school. The bill widens that window to between 18-64 years of age.Moreover, states will have to shoulder more of the burden when it comes to funding for SNAP. That means recipients could receive less in food stamps or lose access entirely, depending on the state in which they live.‘Trump Accounts’ for NewbornsThe bill also adds a pilot program for “Trump Accounts,” a type of federal trust account that comes prefunded with $1,000 from the Treasury Department for every child born between Jan. 1, 2025, and Dec. 31, 2028. Children born before this year will also be eligible, but not for the initial $1,000 seed money.The scheme allows Americans to contribute up to $5,000 a year to these accounts.The money must be invested in a broad stock market index, and earnings will grow tax-deferred until the account holder withdraws the funds. Beneficiaries are eligible to withdraw half the money for qualified purposes when they reach the age of 18, and can access the full balance at age 25. Withdrawals would then be subject to either capital gains or income tax rates, depending on the nature of the expense.Expenses such as tuition, a first home purchase, or small business expenses would be subject to the lower capital gains tax rate; all other uses of the funds would be subject to normal income tax rates, including an additional 10 percent penalty for nonqualified expenses.People walk on the Lehigh University campus in Bethlehem, Pa., on Oct. 25, 2024. The legislation will affect higher education by reducing student grants and adjusting loan repayment plans and tax codes for institutions. Madalina Vasiliu/The Epoch TimesSpectrumOne section of the bill reinstates the Federal Communications Commission’s spectrum authority, a term that describes the agency’s ability to auction off specific radio frequencies to the private sector.The authority expired in 2023 and, with limited direction from the Biden administration, became deadlocked in Congress.The reauthorization of the program in the bill will generate $85 billion in revenues for the federal government over the next ten years, enables expansion of 5G and 6G mobile networks, and will allow for rural areas to receive radio communications that could be crucial during natural disasters in which they might not have access to TV.Defunding Planned ParenthoodThe One Big Beautiful Bill Act ends Medicaid funding for Planned Parenthood for one year. Stripping federal funding from Planned Parenthood, which provides reproductive health services such as abortion, has been a longtime goal of conservatives.A Planned Parenthood facility in Anaheim, Calif., on Sept. 10, 2020. The new legislation ends Medicaid funding for health care nonprofits that post more than $800,000 in profit in a year, including Planned Parenthood. John Fredricks/The Epoch TimesThe legislation does not explicitly mention Planned Parenthood, but instead references abortion providers that are non-profits and received more than $800,000 in Medicaid reimbursements in fiscal year 2023.A federal judge has since put that aspect of the legislation on hold pending further litigation.Obamacare ChangesThe law also makes several substantial changes to the Affordable Care Act (ACA), often known as “Obamacare.” The ACA Marketplace allows low-income Americans to buy discounted health insurance.First, the legislation will require marketplace customers to re-enroll every year, much as some employees are required to reconfirm their chosen coverage for an employer-sponsored health insurance plan. During the re-enrollment process, customers will also have to re-verify their income.It also shortens the open enrollment period—which was lengthened under Biden—by returning the period to the original Nov. 1 to Dec. 15 window.Other provisions of the law exclude gender transition treatment from coverage, limit Marketplace tax credits to citizens and some lawful residents, and require enrollees to be current on their premium payments before re-enrolling for another year.The changes will be implemented on a rolling basis, with some related to eligibility set to go into effect as early as December 2025.A group of resident doctors talks with a senior doctor inside Brookdale University Hospital and Medical Center in the Brooklyn borough of New York City on July 1, 2025. Andres Kudacki/AP PhotoExpansion of Military Housing and Support ProgramsThe One Big Beautiful Bill Act includes a $9 billion expansion of programs surrounding housing, child care, and other benefits for members of the Armed Forces and their families.That includes a $2.9 billion increase in the Basic Allowance for Housing and $590 million to help with temporary housing allowances for service members, to help with relocation.It also includes more funding for the military health care system.The expanded benefits could incentivize more people, especially with spouses and children, to join the armed services. Tyler DurdenSat, 07/12/2025 - 21:00
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