#us-economy

#us-economy

U.S. President Donald Trump signed the GENIUS Act to create a regulatory regime for U.S.-dollar-pegged cryptocurrencies, facilitating their use for payments and money transfer.

Diane Brady highlights how the U.S. economy remains resilient despite the ongoing tariff wars. Market reactions indicate mixed sentiments about future leadership, like fears surrounding President Trump's potential actions against Federal Reserve Chair Jerome Powell.

Crude oil futures are struggling to move above $67 due to mixed signals in the market, reflecting strong refinery activity and inventory issues.

Trump's tariffs, the highest since the 1930s, have resulted in $64 billion in new revenue for the U.S. in the second quarter, a $47 billion increase over the previous year.

Gelsinger emphasized that while American companies are making significant breakthroughs in technology, the challenge lies in scaling these innovations, which requires patient, long-term capital typically unavailable from traditional financing.

Donald Trump announced a new trade pact with Indonesia to avoid a 32% tariff, resulting in a commitment for $19.5 billion in purchases of US goods.

Waltz has positioned itself to support up to $1 billion in loan volume, driven by increasing foreign demand for U.S. property investment amid global economic uncertainty.

"I think there's a plausible argument - which Elon also believes - that robotics is going to be the biggest industry in the history of the planet. It's just going to be gigantic."

US nonfarm payrolls increased by 147,000 in June, matching the average monthly gain of the past year. Most gains occurred in health care and state government sectors, while federal employment continued a decline due to actions by the Department of Government Efficiency (DOGE). The unemployment rate saw a slight decrease, falling 0.1 percentage points to 4.1%, remaining steady between 4.0% and 4.2% for over a year.

"We continue to be the only country on Earth where tips replace wages completely. In most of the world, the idea of tips being a replacement for wages is absurd."

The US dollar strengthened amid an unexpected increase in job openings in America, as a result sterling edged lower by 0.3% to $1.3712.

The Congressional Budget Office estimates that the Senate tax bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, exacerbating the national debt.

"So I became a fan of crypto, and to me it's an industry. I view it as an industry and I'm president and if we didn't have it, China would or somebody else would, but most likely China."

"What I see two years out is low-cost will once again drive demand in this market," says McDaniel, general manager of Bila Solar. He adds, "That's going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia."

According to the Commerce Department, real gross domestic product fell by 0.5% in the first quarter of 2025, compared to the previously reported dip of 0.2%.

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student loan payments for debt collection.