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Share link:In this post: Exxon and Chevron beat Q2 profit forecasts despite falling crude prices. Chevron finalized its $55B Hess deal and will resume limited Venezuelan oil exports. Saudi Arabia’s oil rig count fell to 20 in July, the lowest since 2005.
Share link:In this post: JD Vance and Lori Chavez-DeRemer pushed back on Trump’s claim that the jobs data was manipulated. Both officials defended the administration’s job creation before Trump fired the BLS commissioner. Chavez-DeRemer called the revisions unexpected but emphasized Trump’s hiring record.
Share link:In this post: UK households are still worse off despite the BoE cutting rates four times since July 2024 Savers lost nearly £5 billion while mortgage and credit costs rose by £6 billion. BOE likely to cut rates to 4 percent but high inflation keeps easing slow.
XRP faces potential short-term declines, with decreasing leverage and significant sell-side pressure. Unless buying momentum strengthens, it may drop below key support levels.
- 15:17U.S. consumer confidence dips slightly due to concerns over employment and incomeJinse Finance reported that the U.S. Consumer Confidence Index saw a slight decline in August, as public concerns over employment prospects intensified. Data released on Tuesday showed that the U.S. Conference Board Consumer Confidence Index fell to 97.4 in August. The sub-index measuring expectations for the next six months declined in August, while the current situation index dropped to its lowest level since April. Consumer confidence remains well below pre-pandemic levels, and the recent slowdown in the labor market has heightened economic concerns triggered by Trump’s tariff policies. Job growth and wage increases have slowed significantly, and it is becoming increasingly difficult for the unemployed to find new jobs. The proportion of consumers who believe “jobs are hard to get” rose for the second consecutive month, reaching its highest level since 2021; the proportion who believe “jobs are plentiful” remained basically unchanged. The difference between these two indicators—an important measure of the labor market used by economists—narrowed slightly, continuing the steady downward trend of the past three years.
- 14:38MetaMask launches social login feature to simplify wallet managementChainCatcher News, on August 26, according to official sources, MetaMask announced the launch of a social login feature, allowing users to quickly create, back up, and recover non-custodial crypto wallets via Google or Apple accounts. This feature generates a 12-word mnemonic phrase in the background, eliminating the need for manual recording and simplifying the traditional wallet management process. Users only need two steps: log in with a social account and set a security password. MetaMask reminds users that password security is crucial; if lost, the wallet cannot be recovered.
- 14:13Aptos ecosystem super app and execution layer Panora completes new funding round, led by Frictionless CapitalChainCatcher News, according to market sources, Panora, the super app and execution layer within the Aptos ecosystem, has recently completed a new round of financing. This round was led by Frictionless Capital, with participation from Aptos Labs co-founder and CEO Avery Ching, as well as Head of Developer Relations and early engineer Greg Nazario. Panora is committed to providing efficient and reliable trading infrastructure for the Aptos ecosystem, covering functions such as DEX aggregation, cross-chain bridging, limit orders, DCA strategies, and developer tools, offering a superior experience for both developers and traders. Aptos will continue to work closely with Panora, supporting its technological development and jointly promoting further improvements in performance and scale within the Aptos ecosystem.