Cryptocurrencies
Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak
Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion. The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August. Europe Drives the July Turnaround Fund flows offer a…
US Sold Euros to Save the Yen, Europe Found Out After
The US used euros, not dollars, to prop up the yen, catching the European Central Bank off guard.
Can a Spinoff Rescue Fujifilm After Its Worst Day Ever on the Japanese Market?
Fujifilm shares crashed a record 18% on a huge earnings miss, and the company is now weighing a spinoff of its core unit.
CLARITY Act Vote Slips to September as Senate Breaks for Recess
The CLARITY Act vote has been pushed to September after Senate Democrats withheld the consent needed to bring it to the floor before the August recess. Majority Leader John Thune confirmed the digital asset framework will now wait until lawmakers return. Why the CLARITY Act Stalled The Digital Asset Market Clarity Act, formally H.R. 3633,
Tom Lee Sees S&P 500 at 8,000, Names Ethereum the Next Rally Leader
Fundstrat's Tom Lee targets S&P 500 at 8,000 in August and names Ethereum as one of three leaders of the next leg higher.
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