U.S. Treasury Downplays Role of Crypto in Financing Palestinian Militant Groups
Finance
FinCEN Report Unveils Bitcoin's Role in Human Trafficking and Child Exploitation
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Gold Prices Plunge Below $2,000 as Stubborn Inflation Dashes Rate Cut Hopes
"Gold prices tumbled below the critical threshold of $2,000 per ounce, marking the lowest point in two months, as a U.S. inflation report that exceeded expectations dampened hopes for an imminent reduction in interest rates by the Federal Reserve. -
Dow Faces Sharp Decline Amid Hotter-Than-Expected Inflation Data
"The stock market experienced a significant downturn on Tuesday, with the Dow Jones Industrial Average plummeting over 500 points, marking one of its steepest declines since March 2023. This sell-off was spurred by unexpectedly high inflation data for January, which has cast doubts on the anticipated series of Federal Reserve rate cuts that many investors had been banking on to bolster the equity market.
The Latest
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Gold Futures Hit Record After U.S. Slaps 39% Tariff on Swiss Bullion Bars
Gold futures surged to a record high Friday after reports that the United States had imposed tariffs on imports of 1-kilogram bullion bars, a move that struck at Switzerland's dominant refining industry and widened the gap between U.S. futures and spot prices. 
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Oil Falls 2.6% as OPEC+ Adds 547,000 Barrels Daily Amid Rising Global Inventories
Oil prices dropped sharply Monday after OPEC+ announced a fresh production increase of 547,000 barrels per day for September, signaling a full reversal of its earlier major output cuts and raising concerns of oversupply. Brent crude futures slid $1.55, or 2.2%, to $68.12 per barrel-its lowest level since July 23-while U.S. West Texas Intermediate fell $1.72, or nearly 2.6%, to $65.61. 
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Fed Expected to Hold Interest Rates Steady Despite Trump's Public Push for Deep Cuts
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, holding firm in the face of escalating pressure from President Donald Trump, who has called for drastic cuts despite inflation risks. The decision comes just days after Trump made a rare visit to the Fed's Washington headquarters, demanding rates be slashed from the current 4.25%-4.5% range to as low as 1%. 
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ECB Holds Interest Rates at 2% as Trade Uncertainty Over Trump Tariffs Clouds Economic Outlook
The European Central Bank left its benchmark interest rate unchanged at 2% on Thursday, pausing after eight consecutive rate cuts amid heightened uncertainty surrounding U.S. trade policy and President Donald Trump's escalating tariff threats against European goods. The decision reflects the ECB's growing caution over economic volatility tied to ongoing negotiations between Brussels and Washington, with tariffs potentially ranging from 10% to as high as 50%. 
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Meme Stock Frenzy Adds $355 Billion in Short Seller Losses as Retail Traders Target Heavily Shorted Names
Heavily shorted stocks surged again this week as retail investors revived the meme stock playbook, adding pressure to short sellers and accelerating a market rally that has pushed the S&P 500 up 25% since April. Names like Krispy Kreme, GoPro, Opendoor Technologies, and Kohl's led gains, with some stocks posting double-digit percentage moves over consecutive sessions. 
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Yen Rises as Japanese PM Vows to Stay On Despite Election Blow; Markets Eye U.S. Tariff Deadline
The Japanese yen strengthened on Monday after Prime Minister Shigeru Ishiba pledged to remain in office despite his ruling coalition's loss of a majority in the country's upper house. The development, while politically destabilizing, had largely been priced in by investors, who now turn their focus to looming trade deadlines, particularly with the United States. 
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Oil Prices Climb as EU Slashes Russian Crude Cap to $47.60 in Sweeping Sanctions
Crude oil prices rose Friday as the European Union finalized a new sanctions package targeting Russia's energy sector, including a steep cut to the Group of Seven's price cap on Russian crude. Brent futures climbed 73 cents, or 1.05%, to $70.25 per barrel, while U.S. West Texas Intermediate advanced 83 cents, or 1.23%, to $68.37. 
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Bitcoin Surges Past $122,000 as Congress Prepares Crypto-Friendly Legislation
Bitcoin soared above $122,000 on Monday, setting a new all-time high and cementing its position as 2025's best-performing asset, as U.S. lawmakers prepared to debate three major cryptocurrency bills that could alter the regulatory landscape for digital assets. 
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Bitcoin Surges to Record $118,872 as ETF Inflows Hit $1.18 Billion, Crypto Stocks Rally Ahead of Congressional Hearings
Bitcoin soared to an all-time high Friday, surpassing $118,000 as institutional investors poured money into crypto-linked exchange-traded funds ahead of a pivotal week for digital asset legislation on Capitol Hill. The flagship cryptocurrency climbed as high as $118,872.85 and was last trading up 3% at $117,297.10, according to Coin Metrics. Ether followed suit, rising nearly 6% to $2,976.90 after breaching the $3,000 mark for the first time since February. 
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Jamie Dimon Warns EU Is ‘Losing’ to U.S. and China, Flags Market Complacency on Tariffs and Rates
Jamie Dimon, CEO of JPMorgan Chase, delivered a stark warning to European policymakers and financial markets on Thursday, declaring that Europe is "losing" its competitive edge to both the United States and China while investors are increasingly ignoring economic red flags tied to trade, inflation, and monetary policy. 
