U.S. Vice President Vance said a Fed rate cut would be appropriate and responsible.

Fidelity said in a Thursday report the number of 401(k) accounts with balances of $1 mln or more rose 19% quarter-on-quarter in Q2 to a record 769,000, the largest quarterly increase since Q4 2023. Equity gains drove the rise: the S&P 500 gained about 15% in the three months to June 30, its strongest quarter since 2020. Average balances on Fidelity’s platform for 401(k), 403(b) and IRAs reached record highs, while corporate retirement-plan savings rates remained at record levels.

China's General Administration of Sport said it will deepen rectification of chaotic sports "fan circles", strengthen stadium civility, cultivate healthier fan and event cultures, and build a "Chinese sports spirit" cultural brand during the 15th Five-Year Plan period to purify the sports public-opinion environment.