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The growing interest in stablecoins -- cryptocurrencies backed by stable assets like the U.S. dollar -- just got a boost with two of the country's big banks, JPMorgan Chase (JPM -0.74%) and Citigroup (C 3.47%), set to climb aboard. However, bills aimed at establishing a stablecoin framework were held up by Congress yesterday.
ASML Holding (ASML 2.09%) posted second-quarter top- and bottom-line beats this morning, with revenue reaching $8.94 billion for a 24% year-over-year rise. CEO Christophe Fouquet said the company's growth outlook for 2026 is less certain, citing U.S. tariff policy as a threat. Fears for 2026 pushed the stock down 7% in pre-market trading.
Eyes will be on the June Producer Price Index (PPI) print due at 8:30 a.m. ET, after the Consumer Price Index (CPI) showed a 2.7% rise year over year, up from May's 2.4%. PPI -- which measures inflation at the wholesale level -- reached 2.6% year over year in May. Excluding volatile food and energy, core PPI hit 2.7%.
We're due a Q2 report from Johnson & Johnson (JNJ -0.96%) before today's opening bell. Investors will look for guidance as President Donald Trump's pharmaceutical import tariffs could be as high as 200%. Wall Street expects a 5% earnings dip, though revenue should rise.
What company or industry do you think will be around 50 years from now, largely in the same form it exists now? Debate with friends and family or become a member to hear what your fellow Fools are saying.
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