Suspending the gas tax may offer short-term relief but risks long-term infrastructure funding gaps, prompting debates on sustainable financing.
The post Trump proposes federal gasoline tax pause amid Iran war energy costs appeared first on Crypto Briefing.
The post Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed appeared on BitcoinEthereumNews.com.
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over. Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the supply shock from the Iran war. “I firmly believe that nothing is more transient than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down,” Bessent told CNBC’s Joe Kernen from the sidelines of President Donald Trump’s summit with his Chinese counterpart, Xi Jinping. “So I think core inflation will continue coming down.” That hasn’t been the recent trend, however. Separate readings this week showed that consumer prices jumped 0.6% in April — and still rose 0.4% ev
The post Trump Approval Rating Drops Below 36%—A New Low appeared on BitcoinEthereumNews.com.
May 13Trump’s net approval rating dipped to -18.9, a record low for his second term, in Nate Silver’s Silver Bulletin polling average, following a string of surveys that show Americans have never been more negative about Trump’s job performance. Trump has a 58.1% disapproval rating and 38.5% approval rating. May 11Trump’s approval rating improved two points, to 36%, from the 34% record low it reached at the end of April in Reuters/Ipsos polling, while 63% said they disapprove of Trump’s job performance (the poll of 1,254 U.S. adults was conducted May 8-11 and has a margin of error of 3). Trump’s weekly approval rating hasn’t risen above 36% since the U.S. and Israel attacked Iran on Feb. 28, after previously hovering at around 40% since last summer. The war with Iran negatively impacts views of both Trump and Republicans: 66% of respondents, including 30% of Republicans and 73% of independents
The post Nvidia rally continues on Thursday as Trump approves H200 buyers in China appeared on BitcoinEthereumNews.com.
Nvidia (NVDA) stock is the early winner of the United States (US) President Donald Trump’s summit with China on Thursday. Shares of the AI chipmaker rose more than 2% in Thursday’s premarket. If the gains remain through the close, this will become NVDA’s seventh consecutive day of gains. President Trump’s Commerce Department approved ten Chinese firms to import Nvidia’s H200 AI chip, as well as a few other distributors in the Asian region. US Retail Sales for April fell from 1.6% MoM in March to 0.5% MoM, but that was in line with the consensus. The Dow Jones Industrial Average (DJIA) futures rose 0.9% in the premarket on Thursday, while the NASDAQ Composite futures declined 0.2%, and S&P 500 futures gained 0.3% on the news. Nvidia could boost China sales on Commerce Department clearance Nvidia has been looking to regain market share in China after several rounds of t
Ethereum’s price action has been closely tied to macro liquidity conditions and institutional risk appetite. Ethereum (ETH) is currently positioned at a critical juncture as broader crypto markets attempt to sustain bullish momentum alongside improving equity market sentiment. After Bitcoin…
The post Morning Minute: What’s At Stake with Trump in Beijing appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors are red after hot CPI; BTC -1.5% at $79.3k BTC ETFs see $630M in net outflows, most since January Schwab officially began rollout of spot crypto trading Claude helps user find $400k in BTC lost for 11 years Myriad adopts Chainlink as it moves deeper into real-time markets 🇨🇳 What’s At Stake with Trump in Beijing Trump landed in Beijing on Wednesday for his first visit to China since 2017, a two-day summit with Xi Jinping that carries more weight than any U.S.-China meeting in nearly a decade. The agenda covers five interconnected crises simultaneously: the Iran war and Hormu
The post US Treasury Secretary Bessent: Trump told Xi that he wants to open up China appeared on BitcoinEthereumNews.com.
United States (US) Treasury Secretary Scott Bessent said during the European trading session on Thursday regarding the outcome of the meeting between President Donald Trump and Chinese leader Xi Jinping that both nations are trying to balance trade out. Additional remarks US has a stronger position because of our trade deficit with China. Will also discuss board of investments, that will cover non-strategic and non-sensitive areas where China can invest. Think we’re going to see large Boeing orders. Also talked about China buying more energy today. Thinks China will do what it can on the Strait of Hormuz. The reopening of the strait benefits China. Believes that China will work behind the scenes to the best of their capabilities. FX Implications The US Dollar Index (DXY) and S&P 500 futures remain broadly calm despite positive commentary from US Treasury Secretary B
The post Gold Price Forecast: Stable at $4,700 as markets await news from Trump-Xi meeting appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) is trading flat on a particularly calm market session on Thursday, with investors awaiting developments from a two-day summit between US President Donald Trump and his Chinese counterpart, Xi Jinping, in Beijing. Safe-haven flows triggered by the uncertainty about the ceasefire in Iran and higher US Treasury yields, following hot US inflation figures earlier in the week, are providing support to the Greenback. Still, traders are reluctant to take decisive positions ahead of the outcome of the high-stakes summit in China. Trump affirmed that the first meeting with Xi was “great” after two hours of talks held earlier on Thursday. Reports by Reuters, citing White House sources, say that both leaders agreed on the need to reopen the Strait of Hormuz, whose closure has boosted Oil prices by more than 40%. The same source also affirmed that the status
