Stocks News

In a high-tension week, SEC Chair Gary Gensler faced harsh questioning on Capitol Hill while Coinbase CEO Brian Armstrong rallied for crypto-friendly legislation amidst ongoing legal battles.

In September, Eurozone’s inflation dipped to 4.3% from 5.2%, with Eurostat data highlighting eased pressures and major sectors marking the decline.

Spain’s NSI report aligns with the 3.5% CPI projection, driven by soaring electricity costs, while underlying inflation contracts to 5.8%.

U.S. housing prices rose 0.8% in July, with a 4.6% yearly surge; all nine census divisions saw growth, notably 1.4% in Middle and South Atlantic.

Federal Reserve Chairman Jerome Powell said the interest rate outlook isn’t set; experts diverged on interpreting Fed’s cautious future stance.

The Federal Reserve’s insights on economic trends and Powell’s comments post-meeting could significantly sway gold prices and diverse stock sectors.

As BTC mining hits the 50% clean energy mark, the crypto world watches for Elon Musk and Tesla’s next move.

The core CPI data revealed a rise of 0.3% for the month, higher than the 0.2% forecast.

Crypto regulatory chatter failed to spook investors this week. However, a lack of progress toward a crypto-Spot market remained a headwind.

SEC challenges Ripple in an evolving lawsuit; market eyes ruling’s potential impact on XRP.

Initial jobless claims fell to 216,000, a 13,000 drop; Q2 nonfarm productivity rose by 3.5%, signaling economic progress.

The Eurozone services sector, led by declines in France and Germany, contracted for the first time since December 2022.

The sentix economic index for the Eurozone indicates a deepening recession, heavily influenced by Germany.

The Jolts and Non-Farm Payrolls reports suggest a labor market becoming increasingly balanced, aligning with the Fed’s objectives.

August saw 187K nonfarm payrolls, surpassing Dow’s 170K estimate; unemployment hit a 3.8% peak since February 2022, with earnings below projections.

In July, the PCE price index climbed by 0.2%, driven by service sector gains. Personal income grew by 0.2%, pushing consumer spending up by 0.8%.

ADP reported only 177,000 jobs in August, contrasting July’s 371,000; “Trajectory is shifting towards sustainable growth,” says ADP’s chief economist.

June 2023 shows a fourth month of metro price hikes, with Chicago, Cleveland, and NY leading and a 3.0% U.S. yearly appreciation from Q2 2022-23.

Lagarde vows high EU rates against inflation; Powell urges patience in assessment, stressing measured response.

BRICS expansion faces internal rifts and diverse goals, making its ambitious “de-dollarization” aspirations seem far from immediate reality.