The recent report from the Labor Department’s Bureau of Labor Statistics revealed that U.S. job growth slowed more than anticipated in July. Nonfarm payrolls only increased by 114,000 jobs, a significant drop compared to the previous month’s gain of 179,000 jobs. This unexpected deceleration in job creation has raised concerns about the overall health of
In a significant move, Morgan Stanley has announced that it will be allowing its financial advisors to offer bitcoin ETFs to certain clients. This decision marks a groundbreaking development within major Wall Street banks, as no other firm of this caliber has taken this step before. With a team of approximately 15,000 financial advisors, Morgan
In recent days, the price of gold (XAUUSD) has been on a steady rise, reaching a new peak at 2460 USD per troy ounce. This upward trajectory can be attributed to a variety of factors, with one of the main drivers being the growing anticipation of a potential interest rate cut by the US Federal
As investors brace themselves for another day of market volatility, the aftermath of a softer-than-expected ISM report on U.S. manufacturing continues to reverberate. The fear of an economic slowdown has cast doubt on the Federal Reserve’s previous signals of a September rate cut. This uncertainty has led traders to speculate on the possibility of a
The West Texas Intermediate (WTI) crude oil price has seen a slight increase, reaching close to $76.50 per barrel during the Asian trading session on Friday. This uptick can be attributed to the escalating geopolitical tensions in the Middle East. As markets keep a close eye on Iran’s response to the assassination of Hamas leader
Apple saw its shares rise slightly after beating analysts’ estimates on both the top and bottom lines. The company reported earnings of $1.40 per share for the fiscal third quarter, surpassing the $1.35 per share expectation. However, Intel faced a significant setback as its stock sank 17% in extended trading. The chipmaker announced the suspension
The advisory board to the German Finance Ministry has raised concerns about the three options being considered to address a 17 billion euro budget shortfall. In a letter seen by Reuters, the board expressed doubts about the effectiveness of these options in reducing the deficit. The options include using extra funds from state bank KfW,
DSYNC Destra Network claims to be a decentralized cloud solutions project utilizing AI computing mechanisms and advanced technologies such as IPFS and ENS. The project has been making waves in the market and investors are closely following its Elliott Wave structure to predict potential outcomes for the token’s value. Elliott Wave Analysis In March 2024,
Yannis Stournaras, a member of the European Central Bank (ECB)’s Governing Council, recently expressed concern about the impact of a weak euro zone economy on inflation in the region. He emphasized that the ECB’s 2% target could be at risk due to the sluggish economic growth. Stournaras, who is known for advocating lower interest rates,
The British pound sterling has been steadily declining against the US dollar, with the GBP/USD pair trending towards 1.2848. This downward trend is influenced by various factors, including the pressure from the USD rate and speculations surrounding the Bank of England meeting. Investors are eagerly awaiting the outcome of the meeting and the decision on
During the July meeting, Chairman Jerome Powell hinted at the possibility of an upcoming rate cut by the Federal Open Market Committee (FOMC). Powell did not provide specific guidance but mentioned that the committee is getting closer to implementing a rate cut, contingent on favorable inflation data. According to economists at Goldman Sachs, Powell’s remarks
The EUR/GBP cross has been gaining ground around 0.8450 in Thursday’s early European session, showing a 0.35% increase on the day. The expectations for a rate cut by the Bank of England (BoE) seem to be divided, with market players unsure about the direction the central bank will take. The uncertainty surrounding the BoE’s interest
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