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US consumer confidence edges up in June; labor market perceptions deteriorate

The Reserve Bank of Australia has outlined additional monetary policy tools for use when interest rates are low and economic shocks occur, which it says will make it better prepared to respond to crises.Assistant governor Christopher Kent, who oversees the RBA’s financial markets work, on June 29 unveiled four measures that could be taken in addition to making adjustments to its benchmark policy rate. He said the framework for additional policy tools would help the RBA prepare “for any future Only users who have a paid subscription or are part of a corporate subscription are able to print or copy…

Here’s what users should expect on July 1. The largest cryptocurrency exchange will perform wallet maintenance later this week, disrupting certain vital operations. The company has also faced severe regulatory challenges in the European Union and could be forced to stop servicing clients in the region from next month. What Users Need to Know? The maintenance is scheduled for July 1, and to support the procedure, Binance will briefly suspend deposits and withdrawals on the Bitcoin (BTC) network. The process is expected to last about an hour, after which operations will resume.  The company assured that it will handle…

The second quarter is winding down, and what a quarter it has been with the up 12.6% quarter to date, while the and are both up over 20%. Despite some twists and turns, the path of least resistance for stocks broadly remained up and to the right for much of the last three months. The powerful rally and the blockbuster initial public offering (IPO) of Elon Musk’s (SPCX) have sparked the question whether market optimism has become excessive. To quote the thirteenth Chair of the Federal Reserve, Alan Greenspan, who passed away just one week ago and in 1996 famously…

People walk along the Corniche area in Doha, Qatar, on June 29, 2026. United States and Iranian negotiators are scheduled to hold high-level talks in Doha, according to media reports.Nurphoto | Nurphoto | Getty ImagesOil prices were mixed on Tuesday as energy market participants closely monitored the potential for fresh talks between the U.S. and Iran in Qatar.International benchmark Brent crude futures with August delivery were last seen up 0.3% at $72.93 per barrel. The contract is on track to end June roughly $19 lower, or 20% lower than the closing session on May 29. Brent crude futures with September…

Last week, raised prices on certain products, citing rising costs of AI memory chips. In a statement to Reuters, the company said it had “never seen a component price increase this much, this quickly” and further that it had been shielding customers from higher costs until now. There is a global shortage of memory and storage chips driven by AI data centers buying up DRAM and NAND capacity. As a consequence, Apple is increasing the MacBook Air price to $1,299 from $1,099, the MacBook Pro to $1,999 from $1,699, and the iPad Air to $749 from $599. Prices of other…

Del Monte Corporation Chairman and CEO Mohammad Abu-Ghazaleh joined Bloomberg Open Interest to explain why the iconic food brand reunited after nearly four decades and discusses easing supply chain pressures. He also reveals some surprising pharmaceutical research using pineapple-derived compounds (Source: Bloomberg)

Comcast is to spin off its media operation, which includes Sky and the Hollywood film studio, TV and theme park business NBCUniversal, into a separate publicly listed company.The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn.After completion of the deal investors will hold shares in Comcast, which will operate as a listed company operating broadband and mobile services to 65m US homes, as well as NBCUniversal.Brian Roberts, the co-chief executive of Comcast, said that separating the two companies would “unlock a more entrepreneurial management…

The road from believing “crypto is a scam” to “Bitcoin is a legitimate asset class” is a long way to travel, fraught with many a twist and turn.Yet against all the odds, a surprising number of high-profile skeptics have undertaken the journey unscathed and, perhaps more remarkably, without ever admitting they were wrong.The very naysayers who once warned of a “crypto apocalypse” have begun preaching the virtues of blockchain rails and launching tokenized products of their own.From Bitcoin exchange-traded funds to tokenized gold, here are five of the biggest crypto backflips. Born-again crypto convertsLarry Fink: ‘Index of money laundering’ to…

Here are Monday’s biggest calls on Wall Street: Bank of America initiates Applied Aerospace & Defense as buy Bank of America said it sees “space and defense demand” for the aerospace company. “We initiate coverage of Applied Aerospace & Defense ( AADX) with a Buy rating and a PO of $24, reflecting 23x 2027E EV/EBITDA.” Citi initiates TeraWulf as buy Citi says it sees data center expansion for the bitcoin miner. “We initiate coverage on TeraWulf with a Buy/High-Risk rating and a target of $36.” Read more. Goldman Sachs initiates Liftoff Mobile as buy Goldman said the mobile app optimization…