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Trump Opens Door to Hyperliquid as US Pulls Crypto Trade Onshore
Bloomberg37d agoneutral
Trump Opens Door to Hyperliquid as US Pulls Crypto Trade Onshore

President Donald Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry’s offshore market infrastructure onshore.

Trump Urges Congress to Pass Clarity Act During Meeting With Crypto Executives
The Wall Street Journal37d agoneutral
Trump Urges Congress to Pass Clarity Act During Meeting With Crypto Executives

President Trump urged Congress to pass crucial crypto legislation during a meeting with crypto executives at the White House on Wednesday. Trump, who earned $1.4 billion from his memecoin and crypto ventures last year, said the legislation would “keep us ahead of China, keep us ahead of everyone else” and “open the door to the next wave of innovations and innovators.” The Clarity Act, which would represent the first regulatory framework expected to usher in wider acceptance of crypto, has stalled amid disagreement over ethics language that would prevent government officials from profiting off digital assets.

SpaceX Attempted to Acquire AI Coding Startup Cognition
Bloomberg38d agoneutral
SpaceX Attempted to Acquire AI Coding Startup Cognition

SpaceX approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, according to people familiar with the matter, in what would have been its second large takeover in recent months to gain ground in the AI race.

U.S. Debt Nears $40 Trillion: The ETFs Getting Hit — and the Ones Investors Are Fleeing To
etf.com38d agoneutral
U.S. Debt Nears $40 Trillion: The ETFs Getting Hit — and the Ones Investors Are Fleeing To

<p>The 30-year Treasury yield recently hit 5.33%, a 19-year high, before Treasury intervention. Meanwhile the national debt is closing in on $40 trillion with the federal deficit on track to top $2 trillion this fiscal year. It’s a reality that's actively reshaping which ETFs win and which get punished. Here's how America's debt reality is hitting the ETF market right now.</p>

Stocks Hold Onto Gains After Fed Minutes
Barrons.com38d agoneutral
Stocks Hold Onto Gains After Fed Minutes

The stock market held onto modest gains after minutes from the Federal Reserve’s July meeting highlighted a split among central bankers. The Nasdaq Composite was up 0.2%. There were three dissenters, which were all Fed presidents who wanted to raise interest rates by a quarter of a point.

mRNA Vaccine Stocks Rise on Moderna-Merck Success
The Wall Street Journal38d agoneutral
mRNA Vaccine Stocks Rise on Moderna-Merck Success

Drug company stocks soared following news that Moderna and Merck’s experimental mRNA-based cancer vaccine succeeded in a late-stage trial at preventing melanoma from returning or spreading. The S&P health-care sector is on track for an all-time closing high, as is Merck, according to data that goes back to 1972. As of Wednesday afternoon, Moderna’s stock had more than doubled, something that a member of the S&P 500 hasn't done in a single day since 2008, according to Dow Jones Market Data.

HP earnings preview: BofA expects PC share gains but margin trough ahead
Proactive38d agoneutral
HP earnings preview: BofA expects PC share gains but margin trough ahead

HP Inc (NYSE:HPQ) is expected to hold its full-year guidance steady when it reports fiscal third-quarter results on August 26, even as mounting memory chip costs squeeze margins in its Personal Systems business, according to Bank of America. The bank's analysts see Personal Systems revenue...