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S&P 500, foreign markets soar, bitcoin rallying: Market Takeaways

S&P 500, foreign markets soar, bitcoin rallying: Market Takeaways

Yahooa day ago

US stocks (^DJI, ^IXIC, ^GSPC) capped off Tuesday's trading session in positive territory with the S&P 500 and Nasdaq Composite's record highs back in investors' sights.
Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to outline the biggest market themes he is observing, including the outperformance of foreign markets as compared to US equities and the price action behind bitcoin (BTC-USD), ethereum (ETH-USD), and metals futures.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

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U.S. uncertainty is handing Europe a huge opportunity
U.S. uncertainty is handing Europe a huge opportunity

CNBC

time25 minutes ago

  • CNBC

U.S. uncertainty is handing Europe a huge opportunity

Europe is being urged to capitalize on the volatility of the Trump administration, as shifts in capital and private market flows suggest U.S. exceptionalism is waning and losing out to a resurgent Europe. The numbers tell part of the story, with Europe's Stoxx 600 up over 8% compared to a 5% jump for the S&P 500 since Nov. 1, 2024, just days ahead of the U.S. election. Bank of America said in a report dated June 5 that U.S. equities had seen outflows of $7.5 billion over the previous three weeks, while European stocks benefited from inflows of $2.6 billion over the same period. Earlier this year, meanwhile, data from Morningstar showed that investors withdrew 2.8 billion euros ($3.2 billion) from U.S. equity ETFs in the month to the middle of March, while shifting 14.6 billion euros into European ETFs. Goldman Sachs International Co-CEO Anthony Gutman told CNBC that the convergence in U.S. and European growth rates came about quickly this year and was a big factor prompting investors to shift money toward Europe. "In January, sentiment felt very strong in the U.S., it felt somewhat more muted in Europe. You roll the clock forward and now the picture has changed fairly dramatically, that's to the benefit of Europe in many cases. Europe is getting more capital inflows and there is more optimism in Europe," Gutman told CNBC's Annette Weisbach Wednesday on the sidelines of the Goldman Sachs European Financials Conference in Berlin. Meanwhile, in private markets, talk of the breakdown of U.S. exceptionalism dominated the Super Return forum in Berlin last week. Carlyle Group's Managing Director Mark Jenkins told CNBC that, "in Europe, we've seen a lot of great opportunity and think we can pick up greater returns here relative to the risk you're taking in the U.S." This sentiment was echoed by private equity giant Permira, which holds private equity funds and credit vehicles representing around 60 billion euros worth of capital under management. "If you look at Europe at the moment, firstly, capital is cheaper, if you look at the trend of where euro rates are going versus dollar rates are going, you can fund and finance things cheaper here. Secondly, valuations are cheaper, you can buy great companies for less," Permira Executive Chairman Kurt Björklund told CNBC's "Squawk Box Europe" on Tuesday. "Thirdly the innovation cycle is growing exponentially in Europe … there is an enormous number of highly innovative companies that are growing in a disruptive and global way," he added. All eyes are now on the potential for an EU-U.S. trade deal — which is proving trickier to pin down than with some other countries, including the U.K. Referencing the complexity of the behemoth that is the European Union, Siemens Energy Chairman Joe Kaeser told CNBC that the EU is "politically not ready to strike these types of deals." The White House hinted on Wednesday that a July 9 deadline for a deal may be movable, however, with Treasury Secretary Scott Bessent saying: "It is highly likely that for those countries that are negotiating — or trading blocs, in the case of the EU — who are negotiating in good faith, we will roll the date forward to continue the good faith negotiation." French President Emmanuel Macron also struck an optimistic tone, telling CNBC's Karen Tso on Wednesday: "I'm sure that we will find, at the end of the day, a good solution." Unicredit CEO Andrea Orcel stressed that the opportunity for Europe's continued revival lies in its own hands, however. He explained that the 27-member European Union could galvanize amid the fracturing of Europe's relationship with the U.S., but warned that investors can also be fickle. The expectation is that "there will be convergence, there will be a banking union, there will be a capital markets union. There will be a lot of spend on infrastructure, on defense... That's exciting for the market, therefore money flowing in," Orcel told CNBC Wednesday. "But if, little by little, investors realize that this is lip service, but it doesn't really happen. Money will flow back in a nanosecond, and you will see [that] very quickly." Europe is faced with a "phenomenal opportunity," he added. "We have every reason to be ... on par with the U.S., but it's our fault if we don't do it."

Beer 2.0: The Meme Coin That is Brewing Something Bigger on Solana
Beer 2.0: The Meme Coin That is Brewing Something Bigger on Solana

Business Insider

time28 minutes ago

  • Business Insider

Beer 2.0: The Meme Coin That is Brewing Something Bigger on Solana

Panama,, Republic of Panama, June 12th, 2025, Chainwire Beer 2.0 aims to be more than a nostalgic nod to its predecessor. It's a fresh pour of meme culture, community power, and real utility — served cold on Solana. Building on the viral rise of Beercoin (which hit an impressive 35x), this second iteration is aiming to turn that moment into something lasting. In less than 48 hours since the official announcement, over 10,000 people have registered their interest in the Beer 2.0 presale via the official website. This strong response highlights a level of anticipation that surpasses typical meme coin hype, suggesting notable traction as the presale approaches. Beer 2.0's New Direction The original Beercoin was a case study in how simplicity and community can drive exponential growth. But Beer 2.0 isn't content with just good vibes and gains. It's aiming to evolve the meme coin model with integrations into NFTs, gaming, and future DApps, bringing tangible use cases to the table — while keeping the humor on tap. By building on Solana, Beer 2.0 takes advantage of lightning-fast transactions and low fees, making it ideal for high-frequency trading, gaming interactions, and viral moments on-chain. The project embraces transparency in both vision and tokenomics structure. The total supply is capped at 888.8 billion tokens, with 20% allocated to the public via a presale running for 48 hours starting May 21, 2025, at 7:00 PM CEST. Key allocations: 35% to the main creator 30% to liquidity 20% to public presale 10% to marketing 4% for advisors and supporters 6% split between two affiliate groups This token distribution underscores the team's focus on both sustainability and community reward, with enough liquidity and incentives to fuel long-term growth. The first 30 minutes of the presale come with tiered bonuses to reward early supporters — though exact percentages are time-sensitive. Participation is on a first-come, first-served basis, so timing and preparation matter. Interested participants need to: Beer 2.0 is pouring a long-term vision into the glass, backed by a phased rollout designed to blend culture, real-world interaction, and Web3 expansion. The roadmap unfolds across four phases, each one bringing the project closer to global visibility and community empowerment: Phase 1: Setting the Table Launch marks the beginning of the journey, igniting traction and onboarding early believers. Listings on CoinMarketCap and CoinGecko play a key role — not just for visibility, but for trust. These platforms validate legitimacy and help Beer 2.0 appear on worldwide radars. Influencer marketing fuels virality, tapping into crypto-native creators to spread the word and onboard new holders through humor, relatability, and reach. Phase 2: Strengthening Infrastructure CEX listings (Centralized Exchanges) come into play, critical for scaling access. While DEXes serve early adopters, CEXes provide the liquidity and on-ramp ease needed for newcomers. Online events for holders create a sense of belonging and fun while reinforcing the Positive Mental Attitude (PMA) ethos. Strategic Web3 partnerships allow Beer 2.0 to extend its reach — integrations, collabs, and cross-community activations with other protocols or NFT projects. Phase 3: Real-World Use Cases Meet Culture Exclusive prizes for holders keep the traction going and reward long-term commitment. A merch drop helps transform Beer 2.0 from a coin into a cultural symbol, with community members repping the brand IRL. Real-world $BEER payments in bars are being explored. Because what better utility for a beer-themed token than buying an actual pint? Phase 4: Global Takeover (With a Side of Chaos) More listings and expanded adoption campaigns help Beer 2.0 move beyond niche communities into the broader crypto space. Meme partnerships — collaborations with creators and communities that shape crypto culture — to fuel another wave of social virality. BEERCOIN Festival, an IRL gathering designed to celebrate the movement and blur the lines between crypto and culture. Beyond Tokens: Culture, Camaraderie, and a Brewmobile Beer 2.0 is about more than charts — it's about culture. The project promotes a Positive Mental Attitude (PMA), building camaraderie between holders with weekly giveaways and community competitions. The project is also offering a $30,000 Brewmobile grand prize for lucky supporters, further strengthening the project's meme-to-matter appeal. While the presale interest is clear, the project acknowledges the landscape: Volatility: Post-launch prices can swing drastically. 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About the $BEER 2.0 The $ Beer 2.0 team is an independent group of developers and community builders focused on creating culturally relevant crypto projects. Beer 2.0 is a memecoin launched on the Solana blockchain, designed to combine entertainment with accessible on-chain participation. The project draws on lessons from earlier meme tokens, including $TRUMP, incorporating a capped supply, transparent token distribution, and community-first initiatives. The team operates with a focus on decentralized engagement, online events, and real-world integration, including plans for brand collaborations. Contact

China Wins Two Global Water Awards for Breakthroughs in Sustainable Desalination
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Business Wire

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China Wins Two Global Water Awards for Breakthroughs in Sustainable Desalination

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