Economy News

Oil prices held steady on Monday as traders monitored hurricane Beryl’s potential impact on Gulf of Mexico production and noted robust summer demand signals.

In a recent move, Coinbase CEO Brian Armstrong has sold nearly $5 million worth of COIN shares, potentially influencing the stock’s decline.

Nvidia, renowned for its AI chips, saw its market capitalization exceed $3 trillion in the second quarter, reflecting the robust confidence Wall Street places in artificial intelligence.

In 2024, Russia’s economy shows robust growth, surpassing expectations with a 5% GDP increase in the first five months.

Stocks rallied broadly on Friday, with significant gains seen across the Dow, S&P, and Nasdaq indexes.

Cathie Wood’s Ark Invest sold 2,046 Coinbase shares worth about $450,000 before the exchange’s Q2 earnings report.

U.S. Treasury Secretary Janet Yellen has attributed the potential decline of the U.S. dollar to the country’s frequent use of sanctions in foreign policy.