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Piero Cingari

S&P 500 Tops Record Highs, Bitcoin Rallies As Traders Raise Rate Cut Bets: What's Moving Markets Wednesday?

Bitcoin US Federal Reserve United States

Stock Market

U.S. stocks climbed on Wednesday, with the S&P 500 setting fresh record highs after a surprise decline in private payrolls boosted expectations of Federal Reserve rate cuts.

The ADP National Employment Report showed private employers shed 33,000 jobs in June 2025 — the first monthly contraction since March 2023. The sharp miss reinforced market bets that the Fed may ease policy sooner than expected. Economists now expect Friday's official nonfarm payrolls report to show a slowdown from 139,000 to 110,000 jobs.

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California court revives $1M lawsuit over 3-year delay in approving a homeowner’s second dwelling

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In a legal battle, California resident Wei Shi has taken the City of Palos Verdes Estates to court, claiming excessive delays in the approval of his accessory dwelling unit application. Shi asserts that the city violated state law’s requirements for prompt reviews. Thanks to a favorable ruling from an appeals…

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

France promises education reforms after nationwide protests

France promises education reforms after nationwide protests

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