"While it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term," Biden wrote on X.
In opinion polls, Americans had expressed widespread dissatisfaction with a potential Biden-Trump rematch. Shortly after Biden's announcement, Trump told CNN: "Harris will be easier to be...

Bitcoin miners and crypto companies that have been stonewalled in efforts to go public in the US may ultimately be the biggest winners in the digital-asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share may end up being the biggest losers.
How Routine CrowdStrike Update Crashed the World’s Computers
That’s the view taking hold among market participants and observers in the wak...

Bitcoin is rising, with prices hitting a two-week high on Monday.
Investors are likely betting that Trump will win the election after he survived an assassination attempt.
Once a Bitcoin skeptic, Trump now says he's a crypto fan as he looks to woo undecided voters.
Bitcoin surged after former president Donald Trump survived an assassination attempt on Saturday.
The price of the digital currency hit a two-w...

Goldman Sachs (GS) reported that its second-quarter profits soared 150% from a year ago as investment banking surged, the latest signal that Wall Street is warming up after a two-year drought.
Net income was $3.04 billion, which beat analyst expectations. Its total revenues of $12.73 billion also rose 17% from a year ago.
The result gives CEO David Solomon more momentum following his most challenging year ever as boss.
A year ago ...

The latest sign that inflation is cooling makes it more likely the Federal Reserve will be able to gain enough confidence to cut interest rates this fall.
The odds of a cut in September jumped Thursday after the release of favorable new numbers from the Consumer Price Index (CPI), with traders now pricing in an 83% probability of an easing at the Fed's meeting on Sept. 17-18.
"I think it puts September firmly on pace for a ...