Tag: business news
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Trump tells Fed to slash rates or he’ll end trade with countries with U.S. surpluses
President Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.
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U.S. economy added many more jobs than expected in August. What Wall Street is saying
The U.S. jobs market forgot about the dog days of August and saw scorching growth.
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U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.
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Bitcoin heads for third winning week in a row as macro pressures mount
Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets.
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THC drinks could soon be harder to find as Congress delays hemp ban again
THC drinks are booming as an alcohol alternative, but a looming federal crackdown is squeezing makers, distributors and consumers.
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Robinhood will get a boost from one of its latest crypto ventures, Deutsche Bank says
Robinhood Markets could see even more upside as its recently launched blockchain helps it bring in more revenue, per Deutsche Bank.
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Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC
In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken “a step too far” with its market intervention.
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World’s biggest sovereign wealth fund plans to cut U.S. Treasury holdings
Norway’s $2.3 trillion investment fund says it can diversify into new areas with greater risk and returns.
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India’s June quarter GDP print is courting controversy. Here’s why
India’s forecast-beating economic growth has come under scrutiny after a former government official claimed that the GDP print is overstated.
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Goldman just revised this credit-market forecast thanks to the AI sector
AI-related supply has helped USD investment grade gross issuance to keep its active momentum all through summer, prompting Goldman to raise its forecast higher.
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