Financial News

Jobless claims rise, above forecast, showing minor labor issues, while Philly Fed’s survey reveals declining manufacturing and negative new orders.

Gasoline inventories decreased by 0.2 million barrels.

The April CPI reading is hinting at easing inflation, however, the Fed is expected to hold rates steady despite investor optimism.

Fed Chair does not think it’s likely that the next move is a rate hike.

The unexpected rise in the PPI adds to the inflationary pressures facing the economy, potentially influencing the Fed’s monetary policy decisions.

The UK Labor Market Overview Report sent mixed signals. Upward wage growth trends may test investor bets on a June BoE rate cut.

Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and

The US CPI Report could prove pivotal for the global financial markets. Nevertheless, stats will also put the BoE, ECB, and the RBA in focus.

PEPE has showcased some impressive performance over the last few days, with the memecoin now steadily closing in on its all-time high.

The US BTC-spot ETF market saw modest inflows in the week ending May 10, with Fed policy uncertainty and intensifying SEC scrutiny testing buyer demand.

Binance Hit with $4.3 Million Fine in Canada Canadian financial regulators levied a C$6 million ($4.3 million) fine against leading cryptocurrency exchange Binance citing two separate “administrative violations” of the country’s financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the nation’s financial intelligence unit, said in

Year-ahead inflation expectations increased from 3.2% in April to 3.5% in May.

Traders should watch for signs of easing in ECB’s monetary policy, which could influence market trends and investment decisions in the coming months.

Service sector growth reignites, with a notable 0.7% increase in Q1, marking the first quarterly rise in a year, supporting the rebound in the UK economy.

The US SEC has maintained Ripple should pay close to $2 billion in fines for selling XRP to institutional investors, in response to a $10M counter-proposal.

Natural gas prices continue to rebound from May lows as traders react to the EIA report.

Dogwifhat price dipped below $2.8 on May 9, down 24% from its monthly peak, but markets data shows WIF speculative traders continue to place bullish bets

The Bank of England deems the MPC’s restrictive monetary policy necessary to ensure return to 2% inflation target.

China’s trade surplus expands, fueling optimism in global markets of a pickup in global demand and an improving macroeconomic environment in China.

FTX customers are poised to recover all of the money they lost when the firm collapsed in 2022 plus interest accoriding to bankruptcy lawyers.