ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, ether and XRP rise after President Trump signed an executive order that clears a path for alternative assets to be added into 401(k)s. Plus, Jordi Alexander, founder of Selini Capital, explains what factors are driving crypto prices right now and what we can expect for the rest of the year. Source link
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U.S. President Donald Trump (C), Azerbaijani President Ilham Aliyev (L), and Armenian Prime Minister Nikol Pashinyan (R) hold up an agreement signed during a ceremony in the East Room of the White House on August 8, 2025 in Washington, DC. Andrew Harnik | Getty ImagesAzerbaijan and Armenia signed a U.S.-brokered peace agreement on Friday during a meeting with U.S. President Donald Trump that would boost bilateral economic ties after decades of conflict.The deal between the South Caucasus rivals – assuming it holds – would be a significant accomplishment for the Trump administration that is sure to rattle Moscow, which sees the region as within its sphere of…
U.S. President Donald Trump and Apple CEO Tim Cook shake hands on the day they present Apple’s announcement of a $100 billion investment in U.S. manufacturing, in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. Jonathan Ernst | ReutersApple shares rose 13% this week, its largest weekly gain in more than five years, after CEO Tim Cook appeared with President Donald Trump in the White House on Wednesday.Shares of the iPhone maker rose 4% to close at $229.35 per share on Friday for the company’s largest weekly gain since July 2020. The week’s move…
Federal Reserve Chairman Jerome Powell conducts a news conference after a meeting of the Federal Open Market Committee on Wednesday, July 30, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesU.S. President Donald Trump’s team is reviewing new contenders to lead the Federal Reserve once Chair Jerome Powell’s term ends in May, including a longtime economic consultant and a past regional Fed president, the Wall Street Journal reported on Friday.The 10 or so people on the newly expanded list include former St. Louis Fed President James Bullard and Marc Sumerlin, a former economic adviser to President George W. Bush, WSJ said, citing officials. Trump last week said he had narrowed the list to four.National…
Former Rep. Billy Long, R-Mo., nominee to be commissioner of the Internal Revenue Service, testifies during his Senate Finance Committee confirmation hearing in Dirksen building on Tuesday, May 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesU.S. President Donald Trump is removing Billy Long as the commissioner of the Internal Revenue Service and Treasury Secretary Scott Bessent will temporarily serve as acting commissioner, a White House official and a source familiar with the matter said on Friday.The New York Times, which first reported the news, said Long, a former congressman from Missouri, was expected to be nominated for an ambassador post, but did not name the country.”Secretary Bessent will now serve…
Suddenly, Wall Street cares about inflation again. After taking a backseat to the jobs report earlier this year, inflation data will take center stage next week as investors try to discern whether the Federal Reserve will cut in September. The latest consumer price index is set to release Tuesday, and the producer price index is due out Thursday. Other economic data such as retail sales is also on deck. A quarter-point cut is widely anticipated at next month’s Fed meeting, fed funds futures pricing shows. But, any suggestion that inflation is getting away from the central bank’s 2% target, just…
James Lovell, the commander of Apollo 13 who helped turn a failed moon mission into a triumph of on-the-fly can-do engineering, has died. He was 97.Lovell died Thursday in Lake Forest, Illinois, NASA said in a statement on Friday.”Jim’s character and steadfast courage helped our nation reach the Moon and turned a potential tragedy into a success from which we learned an enormous amount,” NASA said. “We mourn his passing even as we celebrate his achievements.”One of NASA’s most traveled astronauts in the agency’s first decade, Lovell flew four times — Gemini 7, Gemini 12, Apollo 8 and Apollo 13 — with the two Apollo…
In an aerial view, the Tesla headquarters is seen in Austin, Texas, on July 24, 2025.Brandon Bell | Getty ImagesTesla has been granted a permit to run a ride-hailing business in Texas, allowing the electric vehicle maker to compete against companies including Uber and Lyft.Tesla Robotaxi LLC is licensed to operate a “transportation network company” until August 6, 2026, according to a listing on the website of the Texas Department of Licensing and Regulation, or TDLR. The permit was issued this week.Elon Musk’s EV company has been running a limited ride-hailing service for invited riders in Austin since late June.…
Halfpoint Images | Moment | Getty ImagesConsumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and leased EVs — after Sept. 30.The Biden-era Inflation Reduction Act had originally offered the tax breaks to consumers through 2032.”We’re expecting Q3 may be [a] record for EV sales because of the tax incentives going away,” said Stephanie Valdez Streaty, a senior analyst at Cox Automotive.”People are…
Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes.Srinophan69 | Moment | Getty ImagesGold prices fell from a record high Friday after the White House said it will clarify “misinformation” about the precious metal facing tariffs.”The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products,” a White House official…
