ADVFN US – Market Content Editor

Trump launches DeFi project with Aave infrastructure and Ethereum blockchain The World Liberty Financial project, associated with former President Donald Trump, will use Aave’s platform and Ethereum blockchain to create a “credit account system.” Although not a fork of Aave (COIN:AAVEUSD), the project uses its infrastructure, boosting Aave’s token value. With an emphasis on open-source…

The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to…

The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. A continued decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on Wall Street, as the AI darling is slumping by 1.6 percent in…

U.S. index futures fell in premarket trading on Wednesday, following a steep decline the day before. With September historically weak for stocks, investors anticipate volatility and potential buying opportunities. At 5:01 AM, Dow Jones futures (DOWI:DJI) dropped 89 points, or 0.22%. S&P 500 futures lost 0.36%, and Nasdaq-100 futures fell 0.53%. The 10-year Treasury yield…

Shares of U.S. Steel (NYSE:X) are seeing significant pre-market weakness after Vice President Kamala Harris express opposition to the sale of the steel producer to Japan’s Nippon Steel. Aerospace giant Boeing (NYSE:BA) may also come under pressure after Wells Fargo downgraded its rating on the company’s stock to Underweight from Equal Weight. On the other…

The Institute for Supply Management is scheduled to release its report on activity in the manufacturing sector in the month of August at 10 am ET. The ISM’s manufacturing index is expected to tick up to 47.5 in August after falling to 46.8 in July, but a reading below 50 would still indicate contraction. Also…