The August jobs report was supposed to clear up a suite of questions about the economy and what comes next. It only answered one of them.
The job market is flashing a classic pattern that signals a recession is coming, Citi says
"The takeaway from the range of labor market data is clear – the job market is cooling in a classic pattern that precedes recession."
Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East
As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father's taxi earnings. Shaikh went on to study finance, economics and psychology at Hunter College, then got an MBA at University of Rochester. After he graduated, he started to cut his teeth in the professional world at places like BlackRock and Boston Consulting Group.
CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days
The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her as-yet-unpublished rationale.
How Might Donald Trump's Crypto Token Fit Into Regulations?
The former president of the United States is launching a crypto yield product, even as he appeals to the crypto industry in his current bid for office. Donald Trump will be the "chief crypto advocate" for World Liberty Financial, a venture that has offered scant hints so far about what it will actually do.
How Might Donald Trump's Crypto Token Fit Into Regulations?
As with everything else, it depends.
Bolivia inflation nears decade-high in August
Bolivian inflation hit its highest level in nearly ten years, data from the South American country's national statistics office INE showed on Friday, hitting a 12-month rate of 5.19%, with a monthly increase of 1.58%. Annualized inflation last exceeded current levels in February 2015 while the monthly price rise last surpassed this level over 13 years ago in February 2011, according to central bank data. INE director Humberto Arandia told a press conference that prices had gone up in staples such as rice, as well as chicken, tomatoes and other items.
Why Altcoins Got Socked This Week
Hopes for a more favorable interest rate environment faded over the past few days.
'The time has come': Why the August jobs report keeps the Fed on track for a 25 basis point rate cut
A rebound in the job market in August that still showed signs of cooling is likely to keep the Federal Reserve on track to cut interest rates by a quarter percentage point this month.
Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC
With two months to go before the election, the U.S.-regulated platform may now get a sliver of the 2024 political betting bonanza that's been dominated by crypto-based rival P...