Financial News
- Bob Mason
Fed rate cut speculation pressures cryptos as US job data boosts investor sentiment. Crypto market cap down 5.23% by Sept. 7.
- Ibrahim Ajibade
A DeFi platform linked to Donald Trump’s family aims to raise funds through the sale of 30% of its WLFI tokens, a move that could generate over $500 million
- James Hyerczyk
August jobs report reveals slowing growth. Unemployment at 4.2%. Wage increase of 3.8% year-over-year. Labor market shifts could affect financial markets.
- Vladimir Zernov
EIA natural gas storage build of +13 Bcf missed analyst estimates.
- Vladimir Zernov
According to the report, slow-to-moderate growth was cited across many industries.
- James Hyerczyk
US labor market cools: ADP reports 99,000 jobs added, initial claims at 227,000. Tech layoffs surge. Fed rate cuts expected. Prepare for market volatility.
- Bob Mason
Eurozone demand lifted German factory orders, with overseas orders rising 5.1% while domestic demand stagnated.
- Bob Mason
Hang Seng extends losses as weaker China Caixin Services PMI weighs on investor sentiment, dropping 1.60% to 17,369.
- Vladimir Zernov
The report showed that U.S. manufacturing activity contracted slower compared to last month.
- Bob Mason
Manufacturing sector sees a boost as China’s Caixin PMI hits 50.4 in August, with new orders surging but export orders faltering.
- Bob Mason
Crypto market faces dual pressure from Fed rate uncertainty and regulatory actions by the SEC.
- Vladimir Zernov
The report showed that consumers’ short- and long-run economic outlook improved.
- James Hyerczyk
PCE inflation rises 0.2% monthly, 2.5% annually. Fed’s preferred measure shows economic shifts as rate cut looms. Personal income and spending increase.
- Vladimir Zernov
Natural gas prices moved away from session lows as traders reacted to the EIA report.
- James Hyerczyk
US economy accelerates: Q2 GDP growth hits 3.0%, beating expectations. Consumer spending and inventory investment drive expansion. Job market remains resilient.
- James Hyerczyk
Despite beating Q2 earnings estimates, Nvidia’s stock drops 2%. Investors eye ambitious Q3 forecasts, signaling potential for sustained AI-driven growth.
- Ibrahim Ajibade
MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while
- Vladimir Zernov
Domestic oil production declined from 13.4 million bpd to 13.3 million bpd.
- Vladimir Zernov
The report showed that consumers’ assessments of the current labor market situation continued to weaken.
- James Hyerczyk
S&P Case-Shiller Index hits record high in June 2024. New York leads with 9% annual gain. Home prices outpace inflation, rising 1,100% since 1974. Affordability trends vary by region.
