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CPI shows inflation rose 0.1% from June to July
NBC News· 2026-08-12 15:20
We are back with some breaking economic data. >> So, inflation rose by 0.1% in July. That's the month-over-month.Here's the number you're probably paying attention to, 3.4% year-over-year. >> NBC News chief business correspondent Christine Romans is at the big board for us. Also with us is Investopedia's editor-in-chief and chief business editor of People Inc. Caleb Silver, good morning to you both.Christine, let's start with you at that board to talk us through these numbers and how they do compare with pr ...
X @Bitcoin Magazine
Bitcoin Magazine· 2026-08-12 12:12
JUST IN: 🇺🇸 US regulator OCC approves Bitcoin and crypto firms to become national banks."America and the OCC are once again open for business." https://t.co/p6ig74pLYD ...
X @CoinMarketCap
CoinMarketCap· 2026-08-12 08:05
LATEST: 🇬🇧 The UK's Crypto and Digital Assets APPG wrote to banking CEOs asking them to explain their crypto policies, warning banking access could be "one of the single biggest barriers to growth." https://t.co/hzqAz2xxvt ...
X @BSCN
BSCN· 2026-08-12 04:27
Regulatory Policy and Industry Dynamics - OCC Comptroller Jonathan Gould stated that digital asset firms should have a path to national bank charters [1] - Legally permissible businesses involving digital assets should be eligible to apply for charters [1] - The OCC announced that the agency is now open for business again [1] Market Applications and Pipeline - The OCC has received 40 de novo applications over 18 months [1] - The received applications include national trust bank proposals [1]
Markets Brace for US CPI; AI Firms Crush Earnings | The Asia Trade 8/12/2026
Bloomberg Television· 2026-08-12 04:17
Artificial Intelligence and Technology Industry - CoreWeave and Super Micro reported strong after-hours earnings and raised sales outlooks, reinforcing robust demand for artificial intelligence infrastructure [6][10] - CoreWeave’s backlog for future sales reached 4 billion dollars at the end of the quarter [8] - Super Micro's preliminary results previously drove a 25% stock increase, and the company continued to exceed analyst expectations [11] - Nvidia announced a 500 billion dollar artificial intelligence financing coalition with Wall Street names like Apollo, BlackRock, and Blackstone, while Chief Executive Officer Jensen Huang clarified that Nvidia would support up to 25% of project-based opportunities [12][48] - Tencent anticipated a 10% revenue growth and a 5% year-on-year profit increase, driven by advertising and mobile gaming, while monitoring the adoption of its desktop AI assistant, Work Buddy [169][170] Macroeconomic Trends and Monetary Policy - South Korea plans to deploy over 700 million dollars into a new strategic sovereign wealth fund next year, targeting artificial intelligence and other high-tech strategic industries [1][73] - South Korea's jobless rate for July rose to 2.8%, with the population over 15 years old increasing by 0.6% from a year ago [31] - South Korea's gross domestic product growth is expected to reach 3.3% for the year, supported by technology and semiconductor upside [178] - Brent crude traded higher over the 80 dollars a barrel level as traders monitored diplomatic efforts to reopen the Strait of Hormuz and restore energy flows [3] - U.S. regulatory outlook indicates supply disruptions from the war will reach about 600,000 barrels per day through the end of next year and could continue through 2027 [53]
X @Wu Blockchain
Wu Blockchain· 2026-08-12 04:12
OCC Chief Says Digital Asset Firms Should Have a Path to U.S. National Bank ChartersU.S. Comptroller of the Currency Jonathan V. Gould said entities engaged in legally permissible activities, including those involving digital assets and other novel technologies, should have a path to becoming national banks, adding that “America and the OCC are once again open for business.” The OCC said it has received 40 de novo applications over the past 18 months, including applications for national trust banks, and has ...
X @Bloomberg
Bloomberg· 2026-08-12 01:45
A senior strategist at Bank of New York Mellon is using the price of a Japanese fast-food staple to get an accurate snapshot of the yen’s weakness as the impact of the recent intervention fades. https://t.co/fd0p0QpIuT ...
X @Cointelegraph
Cointelegraph· 2026-08-12 01:20
🚨 LATEST: The OCC pushes to revive new bank chartering, backing entities in digital assets and other new tech as it commends the FDIC's own reform efforts. https://t.co/YjQ6zA3rEa ...
X @BSCN
BSCN· 2026-08-11 20:10
BRICS members are discussing linking their fast payment systems and CBDC's@RBI Governor Sanjay Malhotra (@GovSMalhotra) said that cross-border payments interest all members and that various options remain at the discussion stage. He was speaking at the FIBAC banking conference in Mumbai today.BRICS has a task force on payments, and India hosts this year's summit. The RBI recommended earlier in 2026 that a CBDC-linking proposal join the summit agenda. ...