Attitudes on Capitol Hill toward exchange-traded funds and cryptocurrency may be changing. Teucrium CEO and CIO Sal Gilbertie told CNBC’s “ETF Edge” regulators are becoming “more friendly” under President Donald Trump versus the Biden administration.”It’s a completely different environment in Washington right now,” Gilbertie said on Monday. “It’s more welcoming towards innovation — especially in crypto… and that’s a relief for us.”Gilbertie’s firm oversees the Teucrium 2x Long Daily XRP ETF (XXRP), which aims to return double the daily performance of the cryptocurrency XRP, according to the fund’s website. As of Tuesday’s close, the ETF is up 96% since its April…
Author: usaeverydaylife
Nvidia , along with other chipmakers, could extend recent gains as AI demand continues to grow, according to Morgan Stanley. Analyst Joseph Moore, who reiterated his overweight rating on the artificial intelligence chip darling, upped his price target on the stock to $200 from $170. That implies about 14% upside from Tuesday’s closing price. “AI strength is exceptional in both supply and demand. All of our data points and contacts are telling us that customers need more compute, and we are seeing a clear acceleration in inference workloads driving that,” the analyst wrote on Wednesday. “We see significant upside in…
An “Open House” sign in front of a home for sale in the Woodland Hills neighborhood of Los Angeles, California, US, on Sunday, July 13, 2025. Eric Thayer | Bloomberg | Getty ImagesMortgage interest rates have barely moved in several weeks, but rates are not what is weighing on consumers most. It’s really uncertainty about the economy that worries people more. That is keeping some from making big financial decisions.As a result, total mortgage application volume dropped 3.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year…
Key PointsLuxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday each outlined the extent to which U.S. import tariffs have taken their toll.Collectively, the carmakers warned of combined costs exceeding 770 million euros ($889 million).”This is not a storm that will pass,” Oliver Blume, chairman of the executive board of Porsche, said in a statement.Luxury automakers Porsche , Mercedes-Benz Group and Aston Martin on Wednesday each laid out the painful impact of U.S. President Donald Trump ‘s trade war — to the tune of a combined $889 million blow. German sportscar manufacturer Porsche said U.S. import tariffs resulted in…
As key companies’ earnings fell short on Tuesday, CNBC’s Jim Cramer said investors have begun to realize that President Donald Trump’s tariffs are having an impact on consumers.”Long story short: today was a wake-up call,” he said. “The tariffs, even reduced tariffs, are starting to roil things. The consumer’s not spending as much as I thought. There is an acknowledged slowdown there.”The indexes headed lower during Tuesday’s session, with the S&P 500 closing down 0.30%, the Nasdaq Composite slipping 0.38% and the Dow Jones Industrial Average losing 0.46%. According to Cramer, three household names — UPS, Whirlpool and Stanley Black…
Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesLONDON — A year on from securing its initial U.K. bank license, Revolut is still awaiting full authorization from regulators.The fintech giant was granted a banking license with restrictions in July 2024 from the U.K.’s Prudential Regulation Authority (PRA), bringing an end to a years-long application process that began back in 2021. The PRA is a unit of the Bank of England.This key victory moved Revolut into what’s known as the “mobilization” phase of a company’s journey toward becoming a…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Whether it’s in the for-sale or rental market, the affordable housing crisis is only getting worse. There is simply not enough supply, especially in the apartment market, where developers have said it’s just too expensive to put up quality, low-income housing. They cite rising costs for land, materials and labor,…
Evacuations were ordered across the Pacific Ocean after a magnitude 8.8 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday.Tsunami waves over 3 meters high were recorded in the Russian Pacific town of Severo-Kurilsk, with some waves reaching up to 5 meters, Russia’s RIA Novosti news agency reported on Wednesday, citing emergency services. CNBC was unable to confirm the report.Over in Hawaii, residents along the coast were told to move to the fourth floor or above in buildings with at least 10 stories. The Emergency Management Agency ordered all commercial habors to be closed and warned that “the arrival…
VCG | Visual China Group | Getty ImagesGoogle on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation.In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’ access to advanced new AI tools, as they become available.Google’s endorsement comes after Meta recently said it would refuse to sign the code over concerns that it could constrain European AI innovation.”Prompt and widespread deployment is important,” Kent Walker, president of global affairs of Google, said in the…
18 July 2025, Bremen, Bremerhaven: Containers are handled at the overseas port.Sina Schuldt/picture alliance via Getty Images)The German economy shrank slightly by 0.1% in the second quarter of 2025 from the previous three months, flash data showed Wednesday.The figure aligned with the expectations of analysts polled by Reuters.U.S. tariffs and their impact have been a top concern for European economies. U.S. president Donald Trump’s so-called reciprocal tariffs initially came into effect in April as the second quarter kicked off.The duties were then however temporarily reduced, with the last few months plagued by much uncertainty as negotiations for trade agreement were…
