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Share link:In this post: Trump’s new tariffs are pushing BRICS countries to unite against US trade pressure. BRICS leaders are meeting in Rio to finalize a joint anti-tariff statement without naming the US directly. Internal divisions remain, with Xi and Putin skipping the summit and members clashing over war language.
Share link:In this post: Trump imposed new oil sanctions targeting companies and ships helping Iran sell crude illegally. The Treasury named Salim Ahmed Said and firms masking Iranian oil as Iraqi to dodge restrictions. Trump signed a new law ending tax credits for wind and solar, boosting fossil fuel industries instead.
Share link:In this post: JPMorgan forecasts the stablecoin market will reach $500 billion by 2028, far less than Standard Chartered’s $2 trillion projection. The bank’s research shows stablecoin use for actual payments is at 6%. China wants to promote the use of its digital yuan.
- 22:31Nvidia and OpenAI Both Enter the Web Browser MarketAccording to Jinse Finance, Perplexity AI, backed by Nvidia, announced on Wednesday that it has launched a new browser called Comet featuring AI-powered search capabilities, aiming to challenge market leader Google’s dominance. This move marks Perplexity AI’s entry into the highly competitive browser market, with the goal of replacing traditional internet browsing with intelligent agent AI that can think, act, and make decisions on behalf of users. On the same day, reports emerged that OpenAI also plans to launch an AI web browser. Data from StatCounter shows that in June this year, Chrome held a 68% share of the global browser market, solidifying its position as the world’s most widely used browser. (Yicai Global)
- 22:28Fintech firm Revolut seeks $1 billion in new fundingAccording to Jinse Finance, fintech company Revolut is in talks to raise $1 billion in new capital at a valuation of $65 billion. Greenoaks, a US investment firm known for backing high-growth tech companies such as a certain exchange and Stripe, is currently in discussions to lead this funding round, though the final terms have not yet been determined.
- 22:14There is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in JulyAccording to CME "FedWatch" reported by Jinse Finance: there is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 6.7% probability of a 25 basis point rate cut. For September, there is a 31.1% probability that rates will remain unchanged, a 64.4% probability of a cumulative 25 basis point rate cut, and a 4.5% probability of a cumulative 50 basis point rate cut.