Market news
Crypto, stocks, forex and macro, aggregated for traders.
Fed Beige Book: U.S. Economy Expanded at Slight to Moderate Pace
The Federal Reserve’s Beige Book reported that U.S. economic activity grew at a slight to moderate pace across most districts, with contacts anticipating continued growth despite uncertainty over elevated fuel costs. Employment rose overall, though gains varied by district.
Gold Price Slips as Iran Escalation Overshadows Soft US PPI
Gold turned negative on Wednesday despite softer US producer price data, as escalating tensions in the Middle East pushed energy prices higher.
Uber Nears €12.5 Billion Deal to Acquire Delivery Hero
Uber is close to a €12.5 billion deal to acquire Delivery Hero, with an announcement expected as early as Thursday. As part of the deal, Delivery Hero will sell its Turkish unit Yemeksepeti and several European businesses to an investment firm.
Euro rises as soft US PPI pressures Dollar
EUR/USD climbed near 1.1450 on Wednesday as a weaker-than-expected US Producer Price Index weighed on the US Dollar.
Iran’s Top Negotiator Qalibaf Says Enemy Strategy Unchanged
Iran’s top negotiator, Mohammad Qalibaf, stated that the enemy’s strategy has not changed and that Iran’s approach in war or negotiation must be based on national interests, security, realism, and a long-term vision.
BoC Holds Rate at 2.25%, Cites Brent Oil Assumption in MPR
The Bank of Canada kept its policy rate unchanged at 2.25% on Wednesday, with its Monetary Policy Report projecting disinflation contingent on Brent crude falling to $75 and staying there.
Silver Drops as Hawkish Fed Dampens Rally Despite Soft Inflation
Silver (XAG/USD) fell on Wednesday, trading near $57.55, down 1.90%, as a persistently hawkish Federal Reserve outlook outweighed softer US inflation data.
Semiconductor Stocks Lead S&P 500 Gains Over Past Six Months
Micron, AMD, Apple, Intel, Broadcom, Nvidia, and Sandisk have together contributed over 4.5 percentage points to the S&P 500's 8% gain in the last six months, with Micron alone adding 1.4 percentage points.
Crypto Digest: EthSystems, Japan Regulation, Coinbase AI, CFTC Ruling
Key crypto updates: Ethereum Foundation alumni launch privacy service EthSystems, Japan recognizes crypto assets as financial instruments, Coinbase reveals 95% of exchange code written by AI, and CFTC blocks Kalshi trade cancellations.
Dow Jones Reverses After Disinflation Rally
The Dow Jones Industrial Average rallied on disinflation hopes early Wednesday but reversed in the final two hours, closing lower.
Fed's Cook Sees Disinflation but Warns of Persistent Price Pressures from Tariffs, Middle East, AI
Federal Reserve Governor Lisa Cook said disinflation is expected but risks remain from tariffs, Middle East conflict, and AI investment, while emphasizing that inflation expectations depend on appropriate monetary policy.
Fed's Cook: Prudent to Wait on Inflation, but Prepared to Act if Needed
Federal Reserve Governor Lisa Cook said it is prudent to wait 'a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon.' She noted a shift in risks toward higher inflation and away from the labor market.
Eightlends Default Case Validates Tokenized Credit Enforcement
Eightlends parent Maclear AG recorded a default on a €150,000 loan to Italian firm Vibroedil, which entered insolvency in July 2025. Collateral recovery under Italian law fully covered investor principal, demonstrating enforceability of tokenized credit.
Trump Slams New York for Halting Data Center Projects, Says Jobs and Taxes Lost to Other States
President Donald Trump criticized New York Governor Kathy Hochul for terminating all data center construction in the state, claiming the move drives companies and economic benefits to other states like Alabama, Florida, Texas, and Arizona.
ISO Standardizes Post-Quantum Algorithm Classic McEliece for Asymmetric Encryption
The International Organization for Standardization (ISO) has included the Classic McEliece post-quantum algorithm in an international standard for asymmetric encryption, paving the way for wider adoption to defend against future quantum computing attacks.
Xapo CEO Warns Two Companies Pose Concentration Risk to Bitcoin
Xapo CEO Seamus Rocca says two companies represent the biggest concentration risk to Bitcoin, and that perception alone could trigger a major market shock.
Micron Plunges 10%, Wiping Out $110B in Market Cap
Micron (MU) shares extended losses to 10% on Wednesday, erasing $110 billion in market value as the selloff in memory stocks accelerates.
Japanese Yen Holds Modest Gains Near Multi-Decade Lows
The Japanese Yen edged higher against the US Dollar on Wednesday after softer US inflation data weighed on the Greenback, though USD/JPY remains near multi-decade highs.
White House Official: No Netanyahu Meeting on Trump's Schedule Next Week
A senior White House official says no meeting with Israeli Prime Minister Netanyahu is currently scheduled on President Trump's calendar for next week, according to an Axios reporter.
US CENTCOM Denies Wheat Strike, Confirms Attacks on Iranian Military Sites in Hormuz
The US Central Command denied targeting a wheat storage facility and confirmed that on July 14, US forces struck Iranian military locations to weaken Iran's ability to threaten commercial shipping in the Strait of Hormuz.
Choosing a CFD Broker: Transparent Fees, Market Access, and Key Features
FXStreet publishes a guide on selecting a CFD broker, covering transparent fees, market access (stocks, forex, crypto), and essential trading features like leverage and tools.
Pound Sterling Rallies on Soft US PPI Data
The Pound Sterling rose about 0.60% against the US Dollar after the latest US Producer Price Index showed prices edging lower, driven by a dip in energy prices since late May.
Fed Chair Warsh Says Inflation Not Permanent
Federal Reserve Chair Kevin Warsh stated that current inflationary pressures are transitory, though he acknowledged the latest inflation readings remain elevated.
Fed's Kevin Warsh Calls AI Disinflationary, Crypto ETFs See $181M Inflow
Federal Reserve's Kevin Warsh told Congress that AI is a disinflationary force but stopped short of declaring victory over inflation. Meanwhile, spot Bitcoin ETFs attracted $181 million on July 14 after a $425 million outflow, with BlackRock's IBIT leading at $139 million.