Cryptocurrency Live News & Updates : Dow Jones Rises 400 Points After Trade Deal
U.S. stocks surged on July 23, with the Dow Jones gaining 370 points following a trade agreement with Japan and potential EU negotiations, while Trump introduced a new AI action plan. The U.S. stock market experienced a significant rally on July 23, with the Dow Jones climbing 370 points, driven by a newly inked trade deal with Japan that lowers tariffs to 15%. This positive sentiment extended to the S&P 500 and Nasdaq, although the latter saw only modest gains. In the crypto space, Hedera Hashgraph (HBAR) is facing potential corrections after failing to maintain key support levels, with analysts predicting a drop to around $0.18. Meanwhile, BNB has also seen a slight decline, trading at 768.76 USDT. In a notable development, Brazil's VERT has launched a private credit solution on the XRP Ledger, marking a significant step in tokenization efforts in the region. This initiative aligns with broader trends in the financial sector, as major firms explore blockchain technology for asset management. Additionally, Senator Cynthia Lummis criticized Fed Chair Jerome Powell over his handling of Operation Chokepoint 2.0, which has implications for the cryptocurrency industry. As the market navigates these developments, traders are advised to monitor key price levels and regulatory shifts closely. Show more
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Economic Times
26 minutes ago
- Economic Times
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. ADVERTISEMENT S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy. 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. ADVERTISEMENT Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. ADVERTISEMENT This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. ADVERTISEMENT However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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First Post
26 minutes ago
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‘Easy as I settled India-Pak': Trump claims ended Thailand-Cambodia clash using trade pressure
Trump has once again claimed credit for helping end hostilities between India and Pakistan, this time while discussing rising tensions between Thailand and Cambodia. Drawing a comparison, Trump said he used trade pressure to de-escalate both situations read more US President Donald Trump on Sunday once again reiterated his claim of helping broker a ceasefire between India and Pakistan by using trade pressure—this time while drawing a parallel with the ongoing tensions between Thailand and Cambodia. Speaking about Southeast Asia, Trump said the United States maintains strong trade ties with both Thailand and Cambodia. He claimed he personally called the prime ministers of both countries and warned them that no trade deal would move forward unless they de-escalated their conflict. STORY CONTINUES BELOW THIS AD 'We do a lot of trade with Thailand and Cambodia. Yet I'm reading that they're killing each other,' Trump said. 'I say this should be an easy one for me because I settled India and Pakistan. I called the Prime Ministers of each (Thailand and Cambodia) and I said, 'We're not going to make a trade deal unless you settle the war.' By the time I got off the phone, I think they want to settle now.' #WATCH | US President Donald Trump says, "We do a lot of trade with Thailand and Cambodia. Yet I'm reading that they're killing each other... I say this should be an easy one for me because I settled India and Pakistan... I called the Prime Ministers of each (Thailand and… — ANI (@ANI) July 27, 2025 He went on to reference the India-Pakistan standoff, saying 'India and Pakistan were really getting ready to go at it. So getting those things settled—and if I can use trade to do that—then it's my honour.' Trump's constant claims of de-escalating the conflict Trump has made similar claims before, crediting himself for de-escalating the India-Pakistan conflict by instructing his administration to cancel all trade deals with both nations. He believes that pressure forced both sides to back down. 'We did some great work—India and Pakistan. That was close to being nuclear. We handled it. We did a lot,' Trump had told reporters earlier at the White House. 'I don't know if any president has done more.' Earlier, Trump also cited a similar approach in other global flashpoints. 'Serbia and Kosovo were going to go at it. I said, 'You go at it, there's no trade with the United States.' That's what happened with India and Pakistan. I told (Treasury Secretary) Scott (Bessent) and (Commerce Secretary) Howard (Lutnick), 'Cancel all deals with India and Pakistan. They're not trading with us while they're at war.'' STORY CONTINUES BELOW THIS AD However, India has consistently rejected Trump's assertions. According to Indian officials, the ceasefire agreement reached on May 10—after four days of intense cross-border drone and missile strikes—was the result of direct military-to-military communication between the Directors General of Military Operations (DGMOs) of both nations. Officials also clarified that the dialogue was initiated at Pakistan's request. In a recent phone conversation with Trump, Prime Minister Narendra Modi reiterated India's long-standing position that all matters with Pakistan are strictly bilateral and that New Delhi does not and will never accept third-party mediation.
Time of India
33 minutes ago
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Adar infuses Rs 1,500cr into Poonawalla Fin
MUMBAI: Vaccine king Adar Poonawalla 's Rising Sun Holdings cleared a Rs 1,500-crore equity infusion into Poonawalla Fincorp, raising its net worth to Rs 9,700 crore, in the previous week. The capital will support an aggressive retail expansion strategy under MD & CEO Arvind Kapil, who took charge just over a year ago after leading retail loans at HDFC Bank. "This is a story of senior bankers coming in, cleaning up the book, and now the promoter putting in Rs 1,500 crore," Kapil said. "It's a very big confidence statement for where he sees the company going." The NBFC is simultaneously scaling both secured and unsecured lending. It has launched six new businesses - including personal loans, education finance, and commercial vehicle loans - departing from the typical incremental product rollouts seen in the sector. The company has also committed to opening 400 branches this year, including dedicated gold loan outlets, with 80 already operational. Distribution is central to the strategy, Kapil said. The company is expanding into consumer durable stores, where customers can apply for unsecured personal loans at the point of sale through an assisted digital journey. These retail locations, which will grow to 12,000 from 3,000 this year, also serve to originate new borrowers rather than upselling to existing ones. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo "It's a new-to-market model," Kapil said. "We're not just upselling to our existing customers. These are first-time borrowers, approved and disbursed on the spot." Despite caution in the sector, Kapil is confident about unsecured lending. "This is the best time to lend to MSMEs," he said. "With GST data, credit bureau coverage and visibility on multiple loans, the segment is more transparent and robust than ever." Credit costs have fallen to 1.4%, and NCDs now make up 27% of the firm's liabilities. Poonawalla Fincorp is targeting Rs 1.5 lakh crore in AUM over the next four years, up from Rs 41,000 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
