The White House Wanted The Most Important Crypto Law In History Signed Today. The Senate Never Even Voted.
The administration picked July 4, Americas 250th birthday, as the symbolic signing date for the CLARITY Act, the crypto market structure bill Citi and Standard Chartard say could send Bitcoin toward six figures. The bill is not close. It still needs seven Democratic votes it does not have, an ethics fight over the Trump family crypto income it cannot resolve, and floor time the Senate does not have before its own August recess.
The June Jobs Report Drops Today. Here's Everything the Fed Is Actually Watching in the Numbers.
The Bureau of Labor Statistics releases June employment data this morning — moved to Thursday from Friday due to the Independence Day holiday — with Wall Street expecting roughly 115,000 new jobs and a Fed that is now debating rate hikes rather than cuts. Here is every number that matters and why.
Gold Hit $5,589 in January. J.P. Morgan Thinks It Goes to $6,000 by December. Here's Who Is Actually Buying It.
Gold set an all-time record of $5,589.38 per ounce in January 2026 after gaining 64% in a single year, and J.P. Morgan now forecasts it reaches $6,000 by year-end — but the most important driver is not inflation or the Iran war. It's China quietly buying more gold every month than most countries hold in total reserves.
The Fed Was Supposed to Cut Rates This Year. Now It Might Hike Them.
May PCE inflation jumped to 4.1%, the highest print since early 2023, and a Minneapolis Fed official has now penciled in a rate increase for 2026 — a complete reversal of everything markets were pricing in at the start of the year.
Is the US Heading Into a Recession in 2026? Here's What the Data Actually Says.
GDP is growing, unemployment is steady, and prediction markets put recession odds at just 11% — but inflation is stuck at 3.8%, a legendary forecaster calls a downturn almost inevitable, and the Iran energy shock has quietly doubled the risks most Americans were expecting at the start of the year.
All 32 US Banks Just Passed the Fed's Stress Test. JPMorgan Immediately Announced $50 Billion in Buybacks.
Every large US bank cleared the Federal Reserve's 2026 stress test after absorbing a hypothetical $708 billion in loan losses, and banks wasted no time announcing dividend hikes and share repurchases — but analysts say the real fight starts in 2027 when the capital freeze lifts.