The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was an aberration. Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week ended Nov. 9, the Labor Department said on Thursday. Claims surged in early October amid distortions from Hurricanes Helene and Milton as a well as a strike by factory workers at Boeing, but layoffs have remained historically low, which is underpinning the economy.
Kugler Says Fed Must Focus on Both Inflation and Jobs Goals
(Bloomberg) -- Federal Reserve Governor Adriana Kugler said policymakers must keep their focus on both the central bank’s inflation and employment goals, pointing to a cooling labor market and slower progress toward the Fed’s 2% inflation target. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway
JD’s Results Fail to Impress as Chinese Economic Fears Persist
(Bloomberg) -- JD.com Inc.’s quarterly revenue rose 5.1%, a moderate expansion that suggests Chinese consumers are only cautiously spending again as Beijing tries to revitalize the economy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Congestion Pricing Plan With $
Trump-Supported World Liberty Financial Taps Chainlink Data Services as DeFi Platform Takes Shape
Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform.
Exclusive: Portal Ventures raises oversubscribed $75 million crypto fund backed by Chris Dixon and Marc Andreessen
The pre-seed venture firm is deploying capital as the blockchain industry comes roaring back.
First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Can XRP Become a Trillion-Dollar Cryptocurrency by 2040?
There is only one cryptocurrency in this exclusive club right now.
This Cryptocurrency May Be Down 73%, but It Has Explosive Long-Term Potential
Chainlink could be ready for a comeback, thanks to its growing role in two emerging trends in the blockchain world.
Polymarket founder awakes to find Feds raiding his New York home—his company blasts it as ‘obvious political retribution’ for predicting Trump win
Shayne Coplan makes light of the Kafkaesque early morning search and seizure after the 26-year-old's mobile is confiscated: “New phone, who dis?”
Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook
(Bloomberg) -- Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsNYC Conges