Stocks Edge Up Amid Tariff Tensions, Bitcoin Soars to New Heights

Hold onto your hats, folks! U.S. stocks are inching forward as the tariff drama unfolds, but over in crypto land, Bitcoin is absolutely crushing it with new all-time highs!

On July 14th, the Dow Jones was up a measly 50 points, a pathetic 0.11%. The S&P 500? Same story, up 0.11%. Meanwhile, the tech-heavy Nasdaq managed a slightly better 0.32% gain. It's like watching paint dry, but with tariffs on the brain and the Fed in the mix, investors are playing it cool.

Here's the kicker: President Trump just dropped a bombshell with a 30% tariff on Mexico and the EU, effective August 1. That's right, our biggest trading buddies are now in the crosshairs, and it's got everyone on edge. Mexico and the EU are scrambling to negotiate a lower rate, but it's anyone's guess how this will shake out.

Is this a long-term play or just Trump's way of strong-arming better deals? That's the million-dollar question keeping traders up at night.

But forget the stock market yawn-fest, because Bitcoin is on fire! The king of crypto just hit a mind-blowing $123,091, setting yet another record. With ETFs popping off and companies stuffing their treasuries with BTC, this bull run is showing no signs of slowing down. And guess what? It's dragging the altcoin market along for the ride!

Fed Under Fire for $2.5B Renovation

Hold up, the Federal Reserve is in hot water over a jaw-dropping $2.5 billion renovation of its main building. The White House and potential Fed chair candidates are slamming the agency, and it's getting messy.

White House economic adviser Kevin Hassett is fuming, calling out a $700 million cost overrun and promising a full-blown investigation. And former Fed governor Kevin Warsh? He's calling the whole thing "outrageous." You can feel the tension from here!

Ever since Trump took office, he's been on the Fed's case to slash interest rates. Now, with this renovation drama, it's like a political grenade ready to blow up current Fed Chair Jerome Powell's spot. Buckle up, because this is about to get real!