Netanyahu Is Set to Meet Trump at White House on July 7
The officials asked not to be identified discussing details that haven't been publicly announced. Earlier Monday, the White House said it was working on a date for the meeting. The meeting date was previously reported by Axios.
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Yahoo
6 minutes ago
- Yahoo
Belgian king denounces Gaza abuses in unusually direct remarks
BRUSSELS (Reuters) -Belgium's King Philippe described abuses in Gaza as a "disgrace to humanity" in a speech on the eve of Monday's national day, unusually direct remarks on international affairs from a monarch who traditionally avoids public politics. "I add my voice to all those who denounce the serious humanitarian abuses in Gaza, where innocent people are dying of hunger and being killed by bombs while trapped in their enclaves," he said speaking at his palace in Brussels. "The current situation has gone on for far too long. It is a disgrace to all of humanity. We support the call by the United Nations Secretary-General to immediately end this unbearable crisis." It was the first time Philippe has spoken out so strongly and unambiguously about a conflict in public. Belgium's federal government has been more reserved in its criticism of the conflict in Gaza. The king's role in Belgium is limited to giving advice, support, and warnings to the government without making any political decisions. Israel launched its assault on Gaza following an October 2023 attack on Israeli towns by Hamas-led fighters who killed 1,200 people and captured 251 hostages. Since then, Israeli forces have killed more than 59,000 people in Gaza, according to health officials there. Much of the territory has been laid to waste and Israel has restricted food and other supplies. Israel denies that its forces commit abuses in Gaza and says restrictions on supplies are needed to prevent aid from being diverted by militants.
Yahoo
6 minutes ago
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Trump Media stock surges after acquiring $2 billion of bitcoin
The stock of President Trump's namesake media group opened 6% higher Monday morning after it announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities. Trump Media (DJT) — which runs the president's social media platform Truth Social along with streaming platform Truth+ and financial services brand — said it acquired the cryptocurrencies as part of a previously shared plan in May to become a bitcoin treasury company. With those purchases, Trump Media said exposure to the world's largest cryptocurrency now comprises two-thirds of its total of $3 billion in assets. "We're rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,' Trump Media's CEO and President Devin Nunes said in the press release. "These assets help ensure our company's financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere." The company also said it allocated another $300 million to an 'options acquisition strategy for bitcoin related securities." Trump is deepening his financial involvement in the crypto world as Washington, D.C. moves new legislation that offers the industry more favorable oversight. Trump on Friday signed into law a bill that establishes the first federal framework for dollar-backed stablecoins, giving those digital assets backed by US dollars a massive stamp of approval that is expected to encourage wider adoption World Liberty Financial, a new crypto startup backed by Trump and his sons, has already launched its own US-dollar-pegged stablecoin (USD1) in partnership with BitGo. Trump Media announced its plans in May to raise $2.5 billion to create a bitcoin treasury, a strategy that has recently caught fire amongst crypto entrepreneurs. It involves using a mix of public equity and debt issuance to more rapidly acquire bitcoin. The technique was pioneered by Michal Saylor's Strategy (MSTR), formerly MicroStrategy. Starting in 2020, Saylor turned his business intelligence software firm into a bitcoin juggernaut by adding as much of the world's largest cryptocurrency to his company's balance sheet as possible. Dozens of other companies have followed suit, including some with backing from family members of white house advisors. Others are seeking to stockpile crypto assets outside of bitcoin such as ether, the second largest cryptocurrency. So far many of these efforts have proven to lead to wild stock jumps, but short sellers have plenty of skepticism over how long such a dynamic can last. The stock for the president's namesake media company has fallen 25% since it first announced plans to employ a bitcoin treasury strategy in late May. Since the beginning of the year, it is down 45%. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
8 minutes ago
- Bloomberg
Bloomberg Surveillance: Powell and Trade
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 21st, 2025 Featuring: 1) Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses her S&P 500 target and whether equity markets will continue to push through policy and Fed uncertainty. It also comes amid European Union envoys getting ready to meet to formulate a plan for measures to respond to a possible no-deal scenario with US President Trump. The US is now seen to want a near-universal tariff on EU goods higher than 10%, with limited exemptions, according to people familiar with the matter. 2) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, talks about whether the Fed's right to keep monetary policy unchanged and what the full impact of tariffs will be on US companies. Meanwhile, a new theory from Wall Street is zeroing in on a possible dismissal of Fed Chair Jay Powell. The theory behind this "macro trade" is that a new Fed chair would be more likely to fall in line with Trump's lobbying for lower interest rates, pushing down short-term yields and driving yields on long-term debt higher. 3) Frank Lee, Global Head of Tech Hardware and Semiconductor Research, talks about AI investment, the outlook for semiconductors, and the sustainability of CapEx growth for AI hyperscalers. 4) Jordan Rochester, Head: FICC Macro Strategy EMEA, joins to discuss the dollar-yen trade after the Japanese Prime Minister's election setback this weekend. Japanese Prime Minister Shigeru Ishiba says he must fulfill his responsibility to the nation and its people as the biggest party in parliament. Ishiba raised the US trade talks, inflation, and security environment as pressing issues that must not be left to stagnate due to political instability. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including WSJ's story on Amazon quietly raised prices on low-cost products since President Trump's tariff announcement, as well as Business Insider's story on the 'Gen Z stare.'
