ECB picks new top adviser for Lagarde

Markets do not seem to believe President Trump will fire Fed chair Jerome Powell though he seemed to keep up the pressure demanding rate cuts, and carmaker Volkswagen expects a tough year ahead. Here's the latest news from global markets

Tesla Is Falling Short Of Elon Musk's Aim To Make 5,000 Optimus Robots In 2024, Report Claims

Orders placed with US factories for business equipment unexpectedly declined in June, suggesting companies remained cautious about capital spending due to trade and fiscal policy uncertainty

With the fading probability of the actual rate of Trump tariffs ending up as high as feared, French business leaders are saying the levy with be manageable

Premarket movers:
Mag 7 stocks are mixed (Apple +0.3%, Meta +0.3%, Microsoft +0.3%, Amazon +0.4%, Alphabet +0.3%, Nvidia -0.2%, Tesla -0.3%).
AST SpaceMobile (ASTS) falls 8% after offering convertible notes as well as common stock in a separate, registered direct offering.

President Trump and Federal Reserve Chair Jerome Powell almost immediately began squabbling over the cost of the central bank's renovations during a tour. The president later indicated he wasn't likely to follow advice encouraging him to force out Powell.

"Trump's repeated calls to fire Fed Chair Jerome Powell are more than political theater; they warn markets, institutions, and anyone who believes in economic stability," says the host of Trader Talk.

5 things to know before the Friday open: Fed visit, Intel spending cuts, more meme stocks

META Will Stop Running Political, Election, And Social Issue Ads On Its Platforms In The EU Starting In October

It is another symbol of deepening strategic cooperation between Russia and Iran, a point of concern for U.S.-led Western allies.

Russian Central Bank Says Tight Monetary Policy Will Continue for a Long Time

China's Ministry of Finance announces plans for proactive fiscal measures to boost economic growth.

Donald Trump's family has amassed a crypto empire worth billions. Is America's president blurring ethical lines by profiting from an industry his government is supposed to regulate?

Extreme execution is needed, but a valuation of $20 trillion for Tesla is possible

Financial firms are leveraging the hype around crypto, AI and private markets to lure investors back into pricey funds, according to some analysts.

China's budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand

Hackers breach intelligence website used by CIA

"Rebuttal to Kaito Founder Yuhu's Article: Airdrop Distribution is not a Technical Issue, but a Power Structure Issue"
Yes, I have some different opinions.
In my opinion, the issue of airdrop distribution is fundamentally never a technical issue, but rather a matter of power structure.
All the more sophisticated and complex distribution logic is merely a technical upgrade of the old order.

GERMANY JULY IFO BUSINESS CONFIDENCE INDEX 88.6; EST. 89.0