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πŸ‡ΊπŸ‡Έ Bostic of the Federal Reserve stated that tariff inflation is a matter of "when," not "if." He also indicated that he still anticipates one rate cut this year and three rate cuts in 2026.
πŸ“‰ The Dallas Fed Manufacturing Business Index for June has been reported at -12.7, indicating a decline. This figure is an improvement from the previous month's reading of -15.3, though it still reflects challenging conditions for the manufacturing sector in the United States.
⚑ Former White House economic adviser Kevin Hassett expressed his support for coal, natural gas, and nuclear energy as vital sources for powering artificial intelligence (AI) initiatives in the United States. His remarks highlight the ongoing debate over energy sources, emphasizing the need for a diverse energy portfolio to support technological advancements. For more details, visit this link.
🏒 The supervisory board of DomRF has recommended several changes ahead of its IPO. Key proposals include the approval of the public joint-stock company's charter and an increase in authorized capital through a supplementary issue of 28.55 million shares, totaling nearly 40 billion rubles. Additionally, the board suggested a dividend payout of 146.5 rubles per share. For more details, visit this link.
πŸ’₯✴️ Analysts at BBG believe that the SOL ETF with staking could be launched as early as this week. Recently, REX Shares announced plans to introduce the first crypto-ETF with staking in the U.S., which will be the SOL-ETF.
✨ Trump's WLFI project announced that for the first time in history, the 24-hour trading volume of the stablecoin USD1 surpassed that of USDC, reaching a record $33.37 billion. This milestone positions USD1 as the second-largest stablecoin in the world, following USDT.
πŸš«πŸ‡·πŸ‡Ί Shareholders of NLMK have approved the decision not to issue dividends for 2024.
πŸ’₯ Advent has acquired a stake in LayerZero for $1 billion to support the expansion of AI data centers.
🌎 Recently, the Central Bank of Mexico has lowered its interest rate. This decision reflects ongoing adjustments made by various global central banks in response to economic conditions. For more details, visit this link.
🌟 Robinhood has announced the launch of staking for Ethereum (ETH) and Solana (SOL). Users will now be able to earn rewards on their crypto holdings directly through the platform. This move is part of Robinhood's ongoing efforts to expand its cryptocurrency offerings and provide more opportunities for its users to engage with digital assets. For more information, visit Robinhood.
✨ The Central Bank of Russia (CBR) is set to conduct a series of payments from the federal budget in digital rubles in a pilot mode by 2025. This initiative aims to explore the practical application of Central Bank Digital Currency (CBDC) in the country.
πŸ‡ΊπŸ‡Έ The White House anticipates that more countries will abandon digital service taxes following Canada's recent decision to reverse its policy. CNBC reports that this shift could influence global trade dynamics as nations reassess their tax strategies in response to international pressures and agreements.
πŸ’₯βœ΄οΈπŸ‡ΊπŸ‡Έ Robinhood has announced the launch of tokenized stock trading in the EU, staking features, and its own blockchain. The company's stock saw a 10% increase following the announcement.
πŸ’₯πŸ‡·πŸ‡Ί Sanctioned "Arctic LNG 2" has ramped up production to record levels, according to reports. The facility, despite facing international sanctions, is significantly increasing its output, showcasing its resilience and operational capabilities. For more details, visit BBG.
βš οΈπŸ‡ΊπŸ‡Έ Former President Donald Trump criticized AT&T, calling their service inadequate during a major conference call with religious leaders nationwide. He expressed frustration over the company's failure to ensure proper functionality for the second time, urging AT&T's leadership to intervene as tens of thousands of people were on the line.
βš οΈπŸ‡ΊπŸ‡Έ Former President Donald Trump criticized AT&T during a recent conference call with religious leaders. He apologized for the long wait, stating, "AT&T needs to get its act together." Trump urged attendees to relay his message to the thousands present, suggesting a potential switch to a different provider for future calls, as he expressed frustration with AT&T's service.
🌎 The Emerging Markets (EM) currency index has been highlighted recently, indicating that the US Dollar Index (DXY) may experience a significant decline against major currencies. For more information, you can refer to the previous report.
πŸš€ Apple is exploring the potential of integrating external AI technologies to improve Siri. The tech giant is considering options from Anthropic and OpenAI but has yet to make a final decision, as it continues to evaluate its own models.
πŸ‡¨πŸ‡³πŸ‡·πŸ‡Ί China is looking to increase its imports of energy coal from Russia, but currently lacks the necessary transportation infrastructure, according to Deputy Minister of Energy Ismalov, as reported by TASS.
🚨 Elon Musk has once again called for the creation of a new political party in the United States. He criticized the recent legislation that raises the debt ceiling by a record $5 trillion, stating that it highlights the nation's one-party system. Musk emphasized the need for a party that truly cares about the people, referring to the current situation as the "Party of Porky Pig."