Jay Powell, chair of the Federal Reserve. Traders in the futures market expect the Fed to lower borrowing costs twice this year, beginning in October © Kent Nishimura/Bloomberg The Federal Reserve’s favoured inflation metric is expected to show a slight tick uptick in price pressures in May, with an acceleration in both core and headline…
Donald Trump said that ‘the strikes were a spectacular military success’ © Bloomberg Donald Trump said the US struck three nuclear sites in Iran, joining Israel’s attacks on the country and drawing America into another war in the Middle East. The president said US planes dropped bombs on Fordow, Natanz and Isfahan in an effort…
Business | Schumpeter Can a car boss turn around Gucci’s owner? Kering is the latest troubled firm to seek an outside saviour Illustration: Brett Ryder THE RENAULT Twingo Equilibre is a pint-sized runaround for the thrifty. The special-edition Gucci Jackie Notte handbag is an iconic accessory for the loaded. Besides being available in black and…
Business | Knickers in a twist Victoria’s Secret is struggling to reinvent itself Investors are growing impatient Photograph: Getty Images At the world’s best-known lingerie brand, the dirty laundry is on full display. In an open letter to Victoria’s Secret published on June 16th, Barington Capital, an activist investor, told Donna James, the brand’s chairwoman,…
Business | Oh, Brother! The family saga at Germany’s media colossus takes an unusual twist The owner of Penguin Random House and BMG is returning to family management Sibling rivalry Photograph: Alamy It is common for family empires to eventually pass into the managerial hands of an outsider. Rarely does an heir later take back…
Key takeaways ETH is the worst performer in the top 10 today, losing 7% of its value. The cryptocurrency risks dropping to the $2k level amid growing selling pressure. Ether drops below $2,300 after dipping 7% Ether, the second-largest cryptocurrency by market cap, is the worst performer among the top 10 cryptos. It has lost…
Cardano (ADA) ADA is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell…
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms. Adblock test…
Last Updated: June 21, 2025 at 9:54 p.m. ETFirst Published: June 21, 2025 at 7:00 a.m. ET The bond market showed little appetite Friday for granting President Donald Trump’s wish for lower interest rates as two of his signature policy initiatives — tariffs and tax cuts — face looming deadlines. The president blasted Federal Reserve Chair Jerome…
Solana has broken down decisively, losing a critical support level following news that the United States launched an attack on Iranian nuclear facilities. The unexpected geopolitical development triggered widespread panic across financial markets, with altcoins taking the hardest hit. Solana, in particular, has seen significant selling pressure, dropping 20% from its May high of approximately…
