Finance

Market attention is centered on the release of the June jobs report, which is expected to show the addition of approximately 110,000 to 115,000 nonfarm payrolls. Traders are scrutinizing labor market resilience to gauge whether the Federal Reserve will consider a rate hike later this year, particularly after Chairman Kevin Warsh signaled that while inflation risks have softened, the central bank remains committed to price stability.

New data from the Commerce Department indicates that US corporate profits hit an annualized record of $4.42 trillion in the first quarter of 2026. After-tax profits as a share of GDP reached 12.4%, marking one of the highest levels since data collection began in 1947 and reflecting strong balance sheets across American businesses.

Despite record highs in US equities and easing Treasury yields, Bitcoin's price dropped toward $58,000 on July 2, 2026. Analysts attributed this move to crypto-specific factors, including institutional outflows and significant market liquidations, rather than broader macroeconomic trends.