Nurphoto | Nurphoto | Getty Images Cryptocurrencies and several stocks tied to the ecosystem rose Wednesday as investors dismissed a snag in what was expected to be a winning week for crypto regulation. Bitcoin was last higher by nearly 2% at $118,716.00, according to Coin Metrics, while ether rose more than 4% to $3,201.26. …
A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months. The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase…
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs on Wednesday posted results that topped expectations as its trading operations generated $840 million more revenue than analysts had expected. Here’s what the company reported:…
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted mixed results for the…
President Donald Trump‘s massive tax and spending package will bring sweeping changes to federal student loans, in part by capping how much money people can borrow from the federal government to pay for college and graduate school. Among other measures, the legislation, which Trump has called the “one big, beautiful bill,” sets new limits for students and their…
The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday, a day after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered…
Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal…
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML on Wednesday warned of the possibility of no growth in 2026, even as it beat top and bottom line expectations for the second quarter. ASML’s guidance for the current quarter missed…
A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled…
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025. Sarah Meyssonnier | Reuters BEIJING — Nvidia CEO Jensen Huang praised China’s generative artificial intelligence models, a day after the U.S. chipmaker said it expected…
