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Oil markets mixed as Exxon and Chevron beat profit estimates, Saudi drilling hits 20-year low
Oil markets mixed as Exxon and Chevron beat profit estimates, Saudi drilling hits 20-year low

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.

Cryptopolitan·2025/08/02 07:55
JD Vance, Labor Secretary reject Trump’s claim that jobs data is rigged
JD Vance, Labor Secretary reject Trump’s claim that jobs data is rigged

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.

Cryptopolitan·2025/08/02 07:55
Households hit with $14.5 billion after Bank of England’s rate cuts
Households hit with $14.5 billion after Bank of England’s rate cuts

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.

Cryptopolitan·2025/08/02 07:55
Two Reasons Why XRP Could See a Sharp Drop Soon
Two Reasons Why XRP Could See a Sharp Drop Soon

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.

BeInCrypto·2025/08/02 07:41
Flash
07:59
SUI falls below $1
Jinse Finance reported that according to market data, SUI has fallen below $1 and is now trading at $0.99, with a 24-hour drop of 10.81%. Market fluctuations are significant, so please be mindful of risk control.
07:48
SPCX holdings on trade.xyz increased by approximately 37% in the past 24 hours, currently reported at 45.34 million USD
BlockBeats news, on May 23, trade.xyz Pre-IPO section reported that SpaceX (SPCX) reached a trading volume of 21.64 million USD in the past 24 hours, with current holdings reported at 45.34 million USD, a 24-hour increase of approximately 37%. The current price is 199.55 USD, corresponding to an implied valuation of 2.37 trillion USD. When SPCX was listed for trading, the price was 150 USD. Based on a fully diluted reference share capital of 11.87 billion shares, the initial reference market value was 1.78 trillion USD.
07:44
Indonesia bans crypto prediction platform Polymarket
The Indonesian Ministry of Communication and Digital Affairs stated in a statement that platforms offering monetary wagers on specific outcomes or events will still be classified as online gambling, even if they are packaged as "prediction markets" utilizing blockchain technology or crypto assets. "Activities like Polymarket involve monetary gambling and speculative elements on uncertain events, which is a violation of Indonesia's current laws," said Alexander Sabar, Minister of Communication and Digital Affairs of Indonesia, in the statement.
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