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EUR/GBP slips below 0.8700 as soft Eurozone PMI data weighs on sentiment

The Euro weakens for the second straight day against the British Pound, dragging EUR/GBP below the 0.8700 level. The final HCOB Eurozone Composite PMI for July came in at 50.9, missing expectations of 51.0 and down from 51.0 in June. UK PMI data beat forecasts, with the Composite PMI rising to 51.5 and the Services PMI climbing to 51.8. The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, dragged lower by softer-than-expected Eurozone Purchasing Managers Index (PMI) data. Adding to the downside, sentiment around the Euro remains fragile in the wake of the recently announced trade framework deal between the United States(US) and European Union (EU), which is seen as more favorable to the US. Meanwhile, the British Pound is treading carefully ahead of the Bank of England’s (BoE) monetary policy decision on Thursday. However, relatively strong UK PMI data is offering some support, helping the Pound hold its ground, for now. The EUR/GBP cross dipped below the key 0.8700 psychological level during early Asian trade and continued to slide through the European session. As of now, during early American trading hours, the cross is trying to find its footing around 0.8684, down roughly 0.30% on the day. Eurozone PMI data released by S&P Global and Hamburg Commercial Bank (HCOB) on Tuesday came in softer than expected, adding pressure on the common currency. The HCOB Eurozone Composite PMI for July printed at 50.9, missing the forecast of 51.0 and down from the previous 51.0 reading. Similarly, the Services PMI edged lower to 51.0, falling short of the expected 51.2 and below June’s 51.2 print. In contrast, Germany showed slight improvement. The Composite PMI rose to 50.6, beating the 50.3 forecast and the previous reading. The Services PMI followed suit, climbing to 50.6 from 50.1, signaling fragile but slowly building momentum in Europe’s largest economy. Separately, the latest Eurozone Producer Price Index (PPI) data for June showed a notable rebound, offering a modest counterbalance to the weak PMI prints. Monthly PPI rose by 0.8%, in line with expectations and sharply reversing the -0.6% decline recorded in May. On a yearly basis, PPI climbed 0.6%, slightly above the 0.5% forecast and double the previous reading of 0.3%. The latest PPI numbers show that producer costs are still rising, suggesting inflationary pressures haven’t fully disappeared. However, these figures are unlikely to shift the broader outlook. The European Central Bank (ECB) held interest rates steady at its last meeting and has previously signaled that its policy easing cycle may be nearing an end. With weak PMI data and sluggish economic growth across the Eurozone, the ECB is expected to remain cautious about delivering further rate cuts too quickly, as it continues to balance persistent inflation risks with waning demand. On the UK side, the S&P Global Composite PMI for July rose to 51.5, beating both the forecast and previous reading of 51.0. Meanwhile, the Services PMI climbed to 51.8, also topping expectations and the prior print of 51.2. The data points to modest but steady growth, supporting the Pound despite expectations that the BoE will cut interest rates by 25 basis points to 4.00% on Thursday. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.02% 0.40% 0.17% 0.12% 0.40% 0.32% EUR -0.32% -0.29% 0.09% -0.14% -0.28% 0.02% 0.00% GBP -0.02% 0.29% 0.35% 0.15% 0.02% 0.31% 0.18% JPY -0.40% -0.09% -0.35% -0.21% -0.19% -0.01% -0.08% CAD -0.17% 0.14% -0.15% 0.21% -0.11% 0.15% 0.02% AUD -0.12% 0.28% -0.02% 0.19% 0.11% 0.33% 0.17% NZD -0.40% -0.02% -0.31% 0.00% -0.15% -0.33% -0.06% CHF -0.32% -0.01% -0.18% 0.08% -0.02% -0.17% 0.06% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote). Information on these pages contains forward-looking statements that involve risks and uncertainties. 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If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Read More

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McDonald’s, Disney, Palantir: Stocks to watch this week

Last week started as a blockbuster one for markets but ended with a trade war whimper. Earnings from Meta, Microsoft, Amazon, and industrial heavyweights like UPS and Boeing dominated early headlines, GDP data came in somewhat stronger than expected, even as tariffs scrambled some of the data, and the Fed held interest rates steady — keeping a September cut in play. But then President Donald Trump unveiled a parade of tariffs late Thursday on dozens of countries that will take effect August 7, threatening to upend global commerce and trigger price increases for U.S. consumers. And a brutal jobs report Friday showed that employers added just 73,000 jobs in July, while job gains for the previous two months were revised drastically lower — the market’s weakest stretch since 2020. It all sent stocks swooning to end the week. Now the focus shifts to the next phases of the trade war and another mega-week for earnings, with Disney, McDonald’s, Palantir, and a wave of pharmaceutical giants set to report — all against the backdrop of ever-volatile geopolitics. Here’s what to watch in the markets this week. Monday, August 4 The week kicks off with June factory orders at 10 a.m. ET, offering a read on capital spending and manufacturing demand heading into late summer. On the earnings side, it’s a busy start with more than 150 companies reporting, including Palantir Technologies, MercadoLibre, and Vertex Pharmaceuticals. Tuesday, August 5 Here comes another heavyweight day for both data and earnings. On the economic front, the morning starts with June’s U.S. trade deficit at 8:30 a.m. ET, followed by the July ISM services at 10 a.m., a closely watched gauge for the economy’s largest sector. The earnings calendar is even more packed, with 335 companies reporting. Headliners include AMD, Caterpillar, Amgen, Arista Networks, Pfizer, Duke Energy, TransDigm, BP, Marriott, and Diageo. Expect plenty of commentary on sector-level performance, spanning AI, semiconductors, energy, alcohol, travel, and the consumer discretionary sector. Wednesday, August 6 Midweek brings a breather on the economic data front — nothing is scheduled — but it’s one of the busiest days of earnings season, with an eye-watering 465 companies set to report. The day’s marquee names span multiple sectors: Novo Nordisk (GLP-1 drugs), Disney (streaming, theme parks), and McDonald’s (snack wraps, chicken strips). Results will also come from Uber, Shopify, AppLovin, DoorDash, McKesson, Thomson Reuters, and Airbnb. With such a broad lineup, investors can expect market-moving headlines across various sectors again, including healthcare, tech, and industrials — and plenty of guidance updates that will shape the market narrative for Q3. Thursday, August 7 Trump’s latest tariffs are set to take effect on Thursday. The week’s heaviest economic calendar also lands Thursday, pairing a flood of data with the single biggest earnings day of the season — with count ‘em — 606 companies reporting. On the macro side, the morning brings initial jobless claims and Q2 productivity at 8:30 a.m. ET — key reads on labor-market strength and efficiency. At 10 a.m., June wholesale inventories arrive alongside a speech from Atlanta Fed President Raphael Bostic, giving markets a potential policy cue amid weeks (and weeks) of heavy Fed chatter. The day wraps with June consumer credit at 3 p.m., offering insight into borrowing trends. Earnings are headlined by Eli Lilly (GLP-1s again), Toyota (global auto demand amid tariffs), and Sony (gaming and entertainment). Gilead Sciences, ConocoPhillips, Constellation Energy, and Brookfield also report. Once again, earnings will span nearly every sector: pharma, cars, finance, you name it. Friday, August 8 The week ends on a quieter note for economic data, with no major U.S. reports scheduled — a welcome breather after Thursday’s data deluge. Markets will still have plenty to digest, though, with earnings season winding down and a few notable names set to report. Highlights include Under Armour, offering a read on athletic apparel demand, and Wendy’s, which will give insight into fast-food foot traffic and pricing power. While not market movers on their own, these results should add texture to the overall consumer spending picture, such as it may be. 📬 Sign up for the Daily Brief Read More

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My GF’s Family Used Me on Vacation, Then Forbade Me to Share a Room With Her

In our “Stories from Readers” rubric, there was an email from our reader, and it’s one for the books. Ethan H., a 30-year-old man, shared his unforgettable (and frankly, unhinged) experience of going on vacation with his 20-year-old girlfriend and her parents. What was supposed to be a fun European getaway quickly turned into a bizarre family drama. Not only did Ethan end up paying for

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The Afropop Girls Making This Summer Sexy

Entertainment New releases from acts like Ayra Starr, Tyla, and Amaarae are turning up the heat On Friday, July 26, the day of the week new music drops regularly, three of the hottest pop stars out of Africa doled out the steamiest trifecta of releases this year. Nigerian singer Ayra Starr’s latest song is literally about being hot. South African star Tyla came with a four-pack EP called WWP, short for We Wanna Party. And Ghanaian-American shapeshifter Amaarae broke barriers with her new single “Girlie-Pop!” and its steamy, queer-coded music video. It was a day that crystallized a pattern that had been forming all year: the women of Afropop are bringing sexy back.  Much of their movement, like others across media right now, is Y2K-indebted. Skirts and tops have gotten microscopic, bottoms are being slung below the waist again, and lots of producers seem to be doing their best impressions of early Pharrell. But that time also came with some trends in how women’s sexuality was marketed and received that we now find disturbing, to say the least. We can see that Britney Spears, the queen of Y2K, was someone whose personhood and sexuality was often devoured and exploited as she explored both as a young girl (her iconic and controversial 1999 Rolling Stone cover is an emblem of how complicated it is to make a teenager a sex symbol). We now know Janet Jackson was unfairly shamed and punished after Justin Timberlake exposed her pasty-covered breast during their 2004 Super Bowl performance. Today, while some of the cultural relics of that time have rolled back around, many young women may have more agency about why, when, and how they want to participate.  It feels like that agency is what we’re witnessing in Afropop. Ayra Starr — who emerged in 2021 as a cunning 19-year-old surrounded by cartoon butterflies and broken hearts — has grown more edgy in her dress and performance as she’s gotten older. In May, she inched towards summer with the fiery “Gimme Dat,” video featuring Wizkid, and last week, she finally released her much-anticipated new single “Hot Body.” “Body be dancing/Slow wine/Summer body/So fine,” she sings on the strip tease of a song. As she breadcrumbed the track on social media over the past few weeks, she could be seen hitting a seductive, TikTok ready dance to it with her girlfriends, and it truly looks like she’s having a blast. Just a few days ago, on July 27, she giddily celebrated performing the song with Coldplay, who she’s touring with as an opening act this summer. Before she took the stage, Chris Martin, who eagerly accompanied her on acoustic guitar, told the crowd, “Ok, everybody, listen. We will do something special because this is Ayra Starr from Nigeria. She is going to be the world’s biggest pop star soon and she has a new song called ‘Hot Body’ which I think is amazing. So please indulge us and join us for a big dance party.” Dancing, of course, has been Tyla’s thing since she captivated the mainstream with “Water” in 2023. (Cute Y2K fashion has become a bit of a calling card for her, as it has for Starr. They’ve been friendly collaborators, both 23 years old.) The rollout and name of Tyla’s new EP, WWP, takes cues from the popular nightlife chant “[Insert name of DJ or performer leading the crowd here], we wanna party!” That makes perfect sense for a girl who’s always been about partying so hard you’re soaked, whether with sweat or the contents of your plastic bottle. Tyla’s WWP features “Bliss,” a track whose music video spawned an excellent meme about being sexy and sad at once. It takes the quick cut between a scene of the singer fighting tears and another of her grinding against a silver sculpture in desert sand. “Idk if we’re supposed to shake ass or cry” one YouTube commenter wrote to the tune of 15,000 likes.  The full WWP EP includes two songs that debuted this month, one being “Dynamite,” an energizing collaboration with Wizkid (it’s the pair’s first and feels reminiscent of Ayra Starr hopping on Star Boy’s “2 Sugar” earlier in her rise). The song that really cements the sexy, though, is “Mr. Media.” While the track lambasts the voyeuristic sensationalism she’s faced in the public eye, she uses the second verse to remind herself why she shouldn’t care: “Bad bitch, I ain’t always got time to talk/Too bad, yeah, I know I’m difficult/You’d be too if you had my visuals/You’d be too if you had material.” Amaarae seems to be channeling a similar devil-may-care confidence as she gears up to release Black Star, her third studio album set to drop August 8. On Friday, she shared the second single, “Girlie-Pop!” following the erotic “S.M.O.” (for “Slut Me Out”). “Girlie-Pop!” ushers in this new era of Amaarae’s powerfully, honing a familiar balance of softness, urgency, and cleverly sensual songwriting with a righteously queer arc. Using music as an extended allegory, she coos, “I want you to take me from the top/Kiss me ’til I tell you, ‘Make it soft’/One of us gotta bring this to a stop/Flip positions, switching genres ’til you make it pop.” In the moody video, Amaarae nearly sings into the mouth of another woman, the camera lingering on their lips. In other moments, their heads swirl around each other’s face and neck. When that’s not happening, the woman is DJing, potentially another bit of innuendo. Amaarae’s imagery and music has sometimes teetered towards homoerotic (in the “S.M.O.” video, for example, one might say she’s literally waxing a beautiful woman’s ass) but “Girlie-Pop!” marks a bold embrace of queerness for a Ghanaian artist of her magnitude. For years, Ghanaian lawmakers have notoriously been pushing virulent anti-LGBTQ legislation and now they have a president reportedly committed to passing them. Amaarae declaring that the video was shot in Ghana “with loveeeeee” is a radical act. “My real mission is for us to not think about sexuality, or to subvert it so much to the point where it subconsciously takes people away from that,” she told Galore about her last album, Fountain Baby, in 2023. “I wanted to make the music so sexy

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VeChain price prediction: VET seen at $1.50 while attention pivots to newer supply-chain solutions with broader appeal

VeChain drops 4.1% but maintains $1.96B market cap amid strong trading volume. Remittix enables crypto-to-bank transfers in 30+ countries with low fees. RTX presale nears $18M soft cap with 50% bonus and beta wallet launch set for Q3 2025. VeChain’s price has fallen in the last few days, but long-term holders are certain of its upward trajectory to the $1.50 level. As VeChain adds to its supply chain legacy, some investors are looking at newer blockchain ventures with more utility and real-world application. One such upstart is Remittix (RTX), a project that’s quietly making news with a pragmatic solution to cross-border payments. VeChain holds ground during gradual market correction VeChain (VET) is trading at $0.02287 currently, 4.1% down in the past 24 hours. In contrast to the decline, the project still holds onto a market capitalization of nearly $1.96 billion, still presenting itself as a prominent blockchain for commercial applications. Trading volume is up 14.33%, surpassing $79 million, and reflects continued interest among crypto traders. While VET continues to be focused on tracking and verifying supply chain data, some initial-stage crypto investment fans are searching for alternatives that introduce broader payment infrastructure capabilities. As competition gets fiercer among low cap crypto gems and next big altcoin 2025 contenders, some projects have their eyes on higher grounds — the $190 trillion global payments space. Growing need for practical DeFi projects While VeChain is still strong in its niche, most people are eyeing crypto with real use and something better than asset tokenization and blockchain-as-a-service. That is where Remittix (RTX) enters the picture. Being a cross-chain DeFi project, Remittix allows users to send cryptocurrencies directly to bank accounts across over 30 countries. Its purpose? To simplify cross-border payments and deliver a hassle-free experience like centralized fintech apps. Low gas fees, multi-currency, and mobile-first wallet make Remittix targeted at freelancers, businesses, and everyday users — essentially making crypto mainstream for daily transactions. Remittix beta wallet launch announced for Q3 2025 Remittix recently announced the imminent launch of its beta wallet in Q3 2025. The wallet will support 40+ cryptocurrencies and 30+ fiat currencies with native real-time FX conversion and simple-to-use dashboard for both crypto savvy users and new users. Today, at the time of writing, the RTX token can be bought for $0.0895, with more than 578 million sold and $17.9 million raised to date — moving ever closer to its $18 million soft cap. The presale is currently offering a 50% bonus, giving even more incentive to get in early. Why Remittix is gaining momentum Global Reach: Transfer crypto directly to banks in 30+ countries Practical Applications: Ideal for freelancers, remitters, and business firms Launch Q3: Cross-chain wallet release this quarter $250,000 Giveaway: Large incentive for early adoption 50% Bonus: Short-time offer as soft cap reaches While legacy blockchains such as VeChain remain used for enterprise-specific purposes, Remittix DeFi project is notable for having wider appeal. Its emphasis on international crypto-to-fiat transfers might position it as one of the most underappreciated crypto projects with strong growth crypto potential to enter into 2026. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company. Share this article Categories Tags Read More

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Tory Lanez Ordered to Pay Megan Thee Stallion’s Legal Fees For ‘Disruptive’ Deposition

A judge ordered the fine after Megan said Lanez should be held in contempt Tory Lanez has been ordered to cover Megan Thee Stallion’s legal fees after he was combative and feigned ignorance of basic facts during a videotaped deposition last April linked to the “Savage” singer’s defamation and cyberstalking lawsuit against YouTube blogger Milagro

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Understanding Budget Planning: A Step-by-Step Definition

Comprehending budget planning is crucial for managing finances effectively. It involves creating a detailed financial plan that outlines your expected income and expenses over a specific timeframe. By analyzing past performance and setting clear goals, you can allocate resources wisely. Distinguishing between fixed and variable costs helps maintain financial stability. To guarantee your budget remains relevant, you need to monitor it regularly and adjust as necessary. This process can greatly impact your financial health and future decisions. Key Takeaways Budget planning creates a financial blueprint outlining expected income and expenses for a specific period. It involves setting clear financial goals and allocating resources for both short-term and long-term needs. Analyzing past financial performance helps to project future revenue and expenses accurately. Regular monitoring of the budget ensures alignment with changing financial situations and promotes accountability. Overall, effective budget planning is essential for achieving financial stability and security. What Is Budget Planning? Budget planning is the process through which individuals and organizations create a detailed financial blueprint, outlining expected income and expenses over a set period, usually a year. The definition of budgeting involves setting clear financial goals and allocating resources to meet both short-term needs and long-term objectives. The budget planning process includes analyzing past financial performance and gathering relevant data to project future revenue and expenses based on historical trends and market conditions. It’s essential to monitor your budget regularly, making adjustments as necessary to stay aligned with changing financial situations. A thorough budget plan may incorporate various types of budgets, such as operating, capital, and cash budgets, each addressing different aspects of financial management, ensuring overall fiscal health. The Importance of Budget Planning Grasping the importance of budget planning is crucial for achieving financial stability and security. Comprehending the budget planning definition helps you anticipate future spending by analyzing past expenditures. This approach allows you to create a realistic spending plan that promotes financial health. One of the key benefits of budgeting in business is that it prevents overspending and reliance on credit cards, enabling you to live within your means. By categorizing expenses into needs and wants, you can prioritize vital spending and identify areas for cuts. Regularly revisiting your budget encourages financial discipline and accountability, empowering you to align your spending with personal objectives. In the end, effective budget planning strengthens your financial footing and improves your overall financial security. Key Components of the Budgeting Process Effective budget planning sets the foundation for grasping key components of the budgeting process. Comprehending these components is vital for successful budget preparation. Here are some important elements to reflect on: Setting clear, measurable strategic goals to guide your budgeting efforts. Analyzing past performance to inform future projections and decisions. Gathering financial data for accurate revenue projections and expense allocations, distinguishing between fixed and variable costs. Capital expenditure planning, ensuring significant investments align with long-term goals and are carefully evaluated for potential returns. Steps to Create an Effective Budget Creating an effective budget involves a systematic approach that can considerably improve your financial management skills. Start the budget preparation process by tracking your spending for two to three months, using receipts and statements to understand your habits. Next, categorize expenses into necessities and non-essentials, which helps clarify spending priorities. Establish a budgeting goal, perhaps using the 50/30/20 rule, allocating 50% to needs, 30% to wants, and 20% to savings and debt repayment. Regularly compare your average monthly spending to your budgetary plan, making adjustments as income or expenses change. Finally, revisit and refine your budget periodically to guarantee it aligns with your financial situation and long-term goals, accommodating any lifestyle changes or unexpected costs. Roles and Responsibilities in Budget Planning In budget planning, clear roles and responsibilities are vital for success. As a leader, you’ll guide the overall direction as department managers take ownership of their individual budgets, ensuring they align with organizational goals. Collaboration across teams, including finance and procurement, is critical to provide the necessary insights and data for informed decision-making. Budgeting Leadership Responsibilities Though budget planning is a critical process for any organization, comprehending the roles and responsibilities of leadership in this area is essential for success. Effective budgeting leadership sets the tone for successful budget planning and execution. Here’s what you should know: The CFO and finance team guide overall budgeting strategies for businesses and guarantee alignment with strategic goals. Department managers create and manage their budgets, monitoring expenses and reporting variances. Cross-functional teams, like accounting and procurement, support by providing data and insights. Executive oversight from the CEO and board guarantees the budgeting process aligns with corporate objectives. Departmental Budget Ownership Departmental budget ownership is fundamental for the financial health of an organization, as it empowers each department manager to prepare and oversee their own budget plans. This approach guarantees that daily operations are adequately funded and aligned with strategic goals. You’re responsible for monitoring your budget expenditures and revenues, which helps identify variances and make adjustments to meet financial targets. Collaborating with financial leadership, like the CFO, is significant to align departmental needs with organizational objectives. Regular communication with other departments improves budget management, nurturing a thorough comprehension of resource needs and accountability. The budget committee plays a critical role in reviewing and approving your budgets, making sure they fit within the overall financial strategy, thereby improving departmental budget ownership. Best Practices for Successful Budgeting To achieve successful budgeting, you need to establish clear financial goals that align with your organization’s strategic objectives. Regularly monitoring past performance helps you identify trends, enabling you to make informed adjustments as necessary. Clear Financial Goals Setting clear financial goals is essential for effective budgeting, as it helps you align your spending and saving habits with your long-term objectives. To create an effective organisational budget, consider these best practices: Establish actionable goals, like saving for retirement or paying off debt. Utilize benchmarks, such as saving 15% of your income for retirement. Collaborate with key stakeholders to guarantee your financial objectives are realistic. Create a flexible roadmap for

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