Trump's border taxes increased costs without boosting manufacturing, highlighting the challenges of using tariffs to reshape domestic industries.
The post Trump’s border taxes raise costs, fail to boost manufacturing: WSJ appeared first on Crypto Briefing.
The post Singapore: Resilient GDP and strong NODX – DBS appeared on BitcoinEthereumNews.com.
DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 Gross Domestic Product (GDP) growth at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below 1Q26 but still resilient. They cite strong manufacturing and wholesale trade on AI-related electronics demand, robust modern services and construction, and expect non-oil domestic exports to post a fourth consecutive month of double-digit growth despite a slowdown from May. AI demand underpins growth outlook “We expect Singapore’s advance GDP growth estimate for 2Q26 to register 5.8% yoy, 1.5% qoq sa, remaining resilient compared with 6.0% yoy, 1.0% qoq sa in 1Q26.” “Manufacturing accelerated, while wholesale trade performed well despite some moderation, driven by robust global demand for artificial intelligence (AI)-related electronics.” “Modern services remained resilient, supported by continued momentum
Geopolitical tensions highlight crypto's vulnerability to global events, underscoring the need for investors to monitor macroeconomic risks closely.
The post Trump declares Iran ceasefire over, warns of retaliation as Bitcoin slides more than 3% appeared first on Crypto Briefing.
The post Senate Democrats Call for Hearings into Trump’s Ties to Crypto Amid CLARITY Act Discussions appeared on BitcoinEthereumNews.com.
Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital asset market structure legislation. In a Friday notice, the Democratic ranking members of five US Senate committees and subcommittees asked lawmakers to address President Donald Trump’s 2025 financial disclosure, in which he reported earning about $1.4 billion connected to crypto ventures like his memecoin and family’s World Liberty Financial platform. The lawmakers said that the reports “heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on,” referring to the Digital Asset Market Clarity (CLARITY) Act, on which the Senate is expected to vote on this month. “We call on our respective Comm
Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities.
The post Gold price slips as Trump says Iran ceasefire is over appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump’s comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%. XAU/USD falls as renewed war risks lift yields and Dollar The yellow metal seems poised to end the week down 0.51%, driven by the escalation of the conflict. The Greenback erased its earlier losses, as the US Dollar Index (DXY), which measures the buck’s value against six currencies, holds firm at 100.94, unchanged. In his Truth Social account, President Trump posted, “The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER! Thank you for your attention to this matter. President DONALD J. TRUMP.” After
The post Democrats Call for Senate Hearings on Trump’s Massive Crypto Profits appeared on BitcoinEthereumNews.com.
In brief Senate Democrats called for hearings into President Trump’s crypto holdings after disclosures showed over $1.2 billion in crypto-related income. The lawmakers cited potential conflicts of interest, foreign influence, and Trump’s role in shaping crypto policy. The push comes as the Clarity Act remains stalled over ethics provisions targeting Trump’s crypto ventures. Democratic senators are calling for congressional hearings into President Donald Trump’s crypto holdings after new financial disclosures revealed they generated over $1.2 billion in income for him last year. Five Senate Democrats—Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Gary Peters (D-MI), Dick Durbin (D-IL), and Ron Wyden (D-OR)—said the disclosures raised concerns about potential conflicts of interest, foreign influence, and Trump’s role in shaping crypto policy while profiting off the indu
The post US CBDC Ban to Go into Effect without Trump Signoff on Housing Bill appeared on BitcoinEthereumNews.com.
A bipartisan housing bill containing a ban on a central bank digital currency (CBDC) in the United States is set to become law as the deadline approaches for President Donald Trump to sign it. Just after midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump’s hands for 10 days, excluding Sundays, the maximum amount of time a bill can be on the president’s desk without a veto or a signature. Under the US Constitution, the legislation will automatically become law without action from Trump, who canceled the signing ceremony for the bill on Jun 24. In a Friday social media post, Trump confirmed that he would not sign the housing bill, calling Republicans in Congress who voted on the legislation “dumb” and urging the Senate to instead prioritize a controversial voting bill, the SAVE America Act. The legislation, which would require people to provide p
