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The U.S. House of Representatives passed the GENIUS Act on July 17, 2025, sending it to President Trump’s desk, where it is expected to be signed into law. This landmark legislation establishes the very first comprehensive federal framework for U.S. dollar-pegged stablecoins, placing them under the oversight of the Commodity Futures Trading Commission (“CFTC”). The bill also sets in motion …

Stock futures were little changed Friday morning after both the S&P 500 and Nasdaq hit new highs, while the Dow Jones neared its own record levels. Netflix (NFLX) shares were lower after the streaming giant posted strong earnings and raised its revenue outlook; bitcoin (BTCUSD) was flat and ether jumped following the House of Representatives’ passage of crypto legislation; Norfolk Southern …

People shop at a Manhattan retail store on July 15, 2025 in New York City. Spencer Platt | Getty Images Consumers’ worst fears about tariff-induced inflation have receded, though they are still wary of price increases to come, according to a University of Michigan survey Friday. The university’s closely watched Survey of Consumers for July showed overall sentiment increased slightly, …

WASHINGTON (AP) — President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the U.S. dollar to …

Trump Aims Tariff Double Whammy at Industries, Nations by Aug. 1  Bloomberg Trump Threatens Pharma Tariffs Soon. Why the Stocks Are Looking Healthy.  Barron’s Trump threatens to impose drug and chip tariffs as soon as 1 August  The Guardian Can Eli Lilly Stock Withstand the Threat of President Trump’s New Sweeping Tariffs?  The Motley Fool Trump’s real threat: industry-specific tariffs  The Economist Source link

JPMorgan Expands Research to Private Firms, Starting With OpenAI  Bloomberg.com JPMorgan adds private firms to research starting with OpenAI  Yahoo Finance OpenAI Won’t Be Profitable Until 2029 & “Test” Investor Expectations, Says JPMorgan  Wccftech OpenAI’s Revenue Triples to $12.7 Billion in 2025  AInvest OpenAI’s Tesla Playbook: Big Revenue, Zero Profit, All Vision  inkl Source link

Top Republican on China panel objects to resumption of Nvidia H20 chip shipments  Reuters House China Panel Faults Trump’s Move to Ease Nvidia AI Chip Sales  Bloomberg.com Nvidia CEO Huang Just Met With China’s Commerce Minister. Why the Stock Is Gaining.  Barron’s How Nvidia’s Jensen Huang Persuaded Trump to Sell A.I. Chips to China  The New York Times Trump just handed China a major …

Key Takeaways Tesla is scheduled to report second-quarter earnings after the closing bell on Wednesday, after deliveries fell short of estimates earlier this month. Revenue and profits are each expected to decline compared to the same time a year ago. Analysts are divided on Tesla stock, with an average price target suggesting most analysts expect shares to decline. Tesla (TSLA) …

Douglas Ingram, president and chief executive officer of Sarepta Therapeutics Inc., during the Forbes Healthcare Summit in New York, US, on Tuesday, Dec. 5, 2023. Michael Nagle | Bloomberg | Getty Images Shares of Sarepta Therapeutics plunged more than 30% on Friday as the future of its approved gene therapy treatment appeared at risk. The Food and Drug Administration will …

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