USD/CHF

The battle for crypto developer protections is moving from Capitol Hill to the campaign trail. A new hybrid political action committee called Defend Developers PAC launched Wednesday with a mission focused specifically on championing American crypto developers, DeFi builders and blockchain technologists, according to details shared first with Crypto in ...

Israel and Lebanon have reached an understanding about a plan for a full ceasefire in Lebanon conditioned on steps taken by Hezbollah, per two sources US STATE DEPARTMENT ANNOUNCES ISRAEL AND LEBANON HAVE AGREED TO A CEASEFIRE BROKERED BY WASHINGTON, WITH BOTH SIDES COMMITTING TO RAPIDLY ESTABLISH PILOT ZONES UNDER EXCLUSIVE LEBANESE ARMED FORCES CONTROL, FREE OF ALL NON-STATE ACTORS.

Another better-than-expected headline figure… this time it was the U.S. ISM Services PMI, which climbed 0.9 pts to 54.5. The gauge has now held in the expansion zone (above 50) for almost two years. Business activity climbed for a second straight month to 57.7, pointing to stronger demand and higher output. Meantime, new orders jumped to 57.3, suggesting ...

As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation ...

BESSENT PREDICTS INFLATION WILL BE A 'TEMPORARY ISSUE.' BESSENT SAYS AMERICANS ARE FACING TOUGH TIMES BUT SHOULD OVERCOME THEM.

Top Democrats on three congressional committees are pressing the US Labor Department to scrap a proposal that would allow digital assets and other alternative assets in 401(k) retirement plans. Senator Bernie Sanders, Senator Elizabeth Warren and Representative Bobby Scott made the request in a Tuesday letter to acting Labor Secretary Keith Sonderling. The ...

Fed's Williams: Higher energy prices are driving up costs and inflation - Yahoo. FED'S WILLIAMS STATES THAT THE ECONOMY IS GROWING STRONGLY AT AROUND 2% AND THE JOB MARKET IS NOW STABLE. FED'S WILLIAMS SAYS INFLATION HAS INCREASED "SIGNIFICANTLY." Fed's Williams: Inflation likely to peak in coming months Fed’s Williams: Inflation increased significantly Fed's Williams: Right now, I'm not worried about persistent inflation *WILLIAMS: DON'T SEE AN OBVIOUS DIRECTION FOR FUTURE RATES *WILLIAMS: DON'T SEE THE NEED TO RAISE OR LOWER RATES RIGHT NOW

Economic activity in the services sector continued to expand in May, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® registered 54.5 percent, the 23rd consecutive month in expansion territory. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® ...

Watch live as Treasury Secretary Scott Bessent testifies before the Senate Finance Committee at a hearing on “The President’s Fiscal Year 2027 Budget for the Department of the Treasury.”

Private sector employment increased by 122,000 jobs in May and pay was up 4.4 percent year-over-year according to the May ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized ...