China’s June manufacturing PMI matched expectations at 49.7, while US and Japanese markets saw mixed data; Robinhood expanded crypto futures, and Nvidia insiders sold over $1 billion in stock amid record highs.
#YonhapInfomax #ChinaPMI #Robinhood #Nvidia #USDeficit #OilPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69983

Speculation grows on Wall Street that Donald Trump may appoint a 'shadow Fed chair' to influence US monetary policy ahead of Jerome Powell's term end, with candidates including Kevin Warsh and Christopher Waller; market impact seen as limited but policy signals could be strong.
#YonhapInfomax
#FederalReserve #DonaldTrump #ShadowFedChair #InterestRates #USDeficit
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67217

Elon Musk, after stepping down from his Trump administration post, publicly condemned the Senate's "Big Beautiful Bill" tax cut plan as "repulsive," warning it would balloon the U.S. deficit to $2.5 trillion and burden Americans with unsustainable debt.
#YonhapInfomax #ElonMusk #TrumpAdministration #TaxCutBill #USDeficit #TeslaInc #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66038

Billionaire Ray Dalio warns of bond market risks due to U.S. debt and deficit, as Trump's tax cut bill passes House amid fiscal concerns
#YonhapInfomax #RayDalio #BondMarket #USDeficit #TaxCutBill #FiscalInstability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64490

JPMorgan Asset Management identifies US Treasury yield curve steepening as the clearest indicator of uncertainties surrounding US deficit and budget adjustments
#YonhapInfomax #JPMorganAssetManagement #YieldCurveSteepening #USDeficit #BudgetUncertainties #TreasuryCurve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64293

The US lost its last perfect credit rating Friday, with Moody’s downgrading US debt one notch, from an Aaa rating to Aa1. The decision—over the rising US deficit, increased interest payment ratios, and sluggish growth—ends the country’s perfect Moody’s credit rating, in place since 1917. 
 Moody’s said it expects federal debt to jump from 98% of the US gross domestic product last year to 134% by 2035 with the deficit expected to jump to nearly 9% of GDP.
#useconomy #USDeficit #USDebt #trump

@vincent @npr People care. I care about the #nationalDebt . But I also think the only feasible way to tackle the #USnationalDebt will necessarily involve #taxingTheRich and #taxingOligarchs significantly more than we do now. Mind you GRADUALLY cutting costs (SLOWLY as to not kill the economy) may be needed too. #taxTheRich #taxOligarchs #USdeficit