Oil extends gains after US and Iran strike ships

World Stocks Hit Highs, Gold Surges 4%, and Investors React to Fed Talks By Jamie McGeever Global Market Overview and Investor Reactions ORLANDO, Florida, Aug 3 (Reuters) – Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested…

Key insight: The claim that community bankers are somehow being manipulated into supporting changes to the CLARITY Act that would benefit big banks is wrong. The threat to deposits from stablecoin yield is real and dangerous. What’s at stake: If consumers and businesses are encouraged to move their money from bank deposits into stablecoins that…

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Falling energy prices drove down inflation in June, offering Federal Reserve’s policymakers and would-be homebuyers a welcome reprieve after May’s dramatic surge. Beating economists’ expectations, overall prices increased by 3.5% in the 12 months through June, retreating from the previous month’s three-year-high of 4.2%, according to the U.S. Labor Department’s Consumer Price Index (CPI) data released Tuesday. Total…