1. China Implements New Sanctions on the U.S., Responding to U.S. Restrictions on Chinese Drones and Robots

China has implemented new sanctions on the U.S. in response to the U.S. restrictions on Chinese drones and robots.   -Original

2. U.S. Treasury OFAC Lifts Sanctions Related to Iran

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued an update on its official website, lifting sanctions related to Iran.   -Original

3. Federal Reserve Kashkari: Now is the Time to Gradually Raise Interest Rates, Prefer Small Steps Over Waiting

Federal Reserve Kashkari stated that now is the time to start gradually raising interest rates, preferring to take small steps now rather than waiting, but does not call for significant rate hikes.   -Original

4. Gold Prices Rise 4.50% to $4255 per Ounce, Market Value Increases by $1.3 Trillion

Gold prices today rose 4.50% to $4255, with the market value increasing by $1.3 trillion.   -Original

5. U.S. July ADP Employment Figures at 44,000, Below Expected 70,000

The U.S. July ADP employment figure is at 44,000, below the expected 70,000, and the previous value was 98,000.   -Original

6. Bank of America CEO Brian Moynihan: Fed Will Raise Rates Three Times This Year

Bank of America CEO Brian Moynihan reiterated that the Fed will raise rates three times in September, October, and December, stating the labor market remains strong, inflation still needs to decrease, and that spending patterns of high-income and low-income consumers are converging.   -Original

7. U.S. June Job Openings Fall to 7.36 Million, Declining for Second Consecutive Month

In June, U.S. job openings fell by 178,000 to 7.36 million, marking a decline for the second consecutive month and reaching the lowest level since March.   -Original

8. Iran and Oman Finalize Draft Agreement for the Strait of Hormuz, Awaiting Approval from Iran’s Supreme Leader

According to the Associated Press, two Gulf officials stated that the negotiating representatives of Iran and Oman have finalized the draft agreement for the Strait of Hormuz, awaiting final approval from Iran’s Supreme Leader.   -Original

The above are the highlights from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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