JACKSON HOLE, Wyoming (Reuters) - As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the U.S. economy not through rising unemployment but rather a decline in the large number of job openings businesses...
Here are the most important news items that investors need to start their trading day:
1. Rate rally
After a selloff prompted by fears about the economy earlier this month, markets have largely...
All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank officials convened at the Jackson Hole Economic Symposium.
The so-called Magnificent Seven megacap...
Bitcoin took liquidity both up and down on Aug. 22 as analysis said crypto markets are “looking ripe for a short squeeze.”
BTC/USD 1-hour chart. Source: TradingView
Key BTC price hurdles crystallize
Bitcoin had a good start to 2024, rising over 40% year-to-date. This was fueled by a number of positive fundamental factors, including the launch of spot Bitcoin exchange-traded funds in the United States and the halving event, which reduced the amount of...
The luxury consumer is evolving, forcing brands to keep up with changing buying habits.
A 2024 report by Bain & Company found that Gen Z consumers, or those born between 1997 and 2012, will account for nearly a third of luxury purchases by 2030, while millennials, born from 1981 to...
U.S. job growth during much of the past year was significantly weaker than previously reported, according to new data published Wednesday.
The Bureau of Labor Statistics revised down its total tally of jobs created in the year through March by 818,000 as part of its preliminary annual benchmark review of...
Wednesday could be busy for financial markets, including cryptocurrencies, as lesser-tracked U.S. data is expected to provide a grim picture of the U.S. economy.
Still, bitcoin (BTC) bears might want to exercise caution, as the data could be misleading and overstate weakness, according to one leading investment bank.
On Wednesday, the U.S. Bureau...
Although Bitcoin’s price is yet to reclaim its March all-time high, an analyst claims two key metrics show that the bull market remains strong and steady with no signs of a deep correction.
In an Aug. 18 report, CryptoQuant researcher Axel Adler looked to two key metrics — the bubble vs....
Asia-Pacific markets were mostly lower on Wednesday after U.S. benchmark indexes, the S&P500 and the Nasdaq Composite, snapped an eight-day winning streak overnight.
Japan’s trade data for July showed exports rose 10.3% year on year and imports...
