21:52 2025-06-06
Musk and Trump broke out in a war of words, affecting assets close to Musk such as DogecoinThe public spat between US President Donald Trump and former Department of Government Effectiveness (DOGE) "advisor" Musk has led to a decline in the value of Musk-related deals and some Trump-related deals, with Dogecoin down 10% on Thursday and a publicly traded fund linked to space exploration company SpaceX down 13%. This highlights the risks of personal-driven investing, where investors gravitate towards products linked to dominant figures like Musk and Trump, and allow...
20:42 2025-06-06
Trump's tax reform bill is expected to pass the US Senate, but no Republican lawmakers support MuskRepublicans in the US Congress have sided with Mr. Trump in his public dispute with Mr. Musk in what is seen as an optimistic sign that the tax bill will eventually pass smoothly. Lawmakers have mostly followed Mr. Trump's instructions and firmly backed the $3 trillion bill. Mr. Musk has threatened to help any candidate who votes against the bill in the primary, but lawmakers believe it is essential to maintain good relations with the president.
20:03 2025-06-06
The three major U.S. stock indexes collectively closed higherThe three major indices of US stocks collectively closed up, the Dow rose 1.05%, the Nasdaq rose 1.2%, the S & P 500 index rose 1.03%, popular technology stocks generally rose, Google and Tesla rose more than 3%. Cryptocurrences and automakers led the gains, with Circle rising more than 28% and Trump Media Technology Group rising more than 4%.
18:23 2025-06-06
The California cryptoasset regulator is facing a funding shortageThe U.S. state regulator responsible for overseeing California's cryptocurrency licensing law will need additional funding to launch the project ahead of its scheduled implementation date of July 1, 2026. The California Department of Financial Protection and Innovation is expected to face a funding shortfall of $193 million to set up multiple projects, including the Digital Financial Assets Act. The bill, due in 2023, aims to establish a licensing framework for digital asset companies operating ...
17:34 2025-06-06
Federal Reserve Harker: The impact of tariffs has not yet been fully realizedThe Fed's Harker said the latest jobs data showed a stable employment situation. The full impact of the tariffs has not yet been felt. The Fed's interest rate policy is currently in a moderate tightening range. Businesses want policy certainty, but they are not getting it. It would be a mistake to take pre-emptive action.