Hiring signs outside a Stewart’s gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images Powerful hurricanes and a major labor strike could take a chunk out of the nonfarm payrolls count for October, which is expected to be the slowest month for job creation in nearly four years. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to
The Food and Drug Administration announced Wednesday that it would seek to pull a widely used ingredient in cough and cold medicines from the market, after the agency’s scientists concluded that the oral version of the drug is ineffective as a nasal decongestant. The FDA’s proposal comes more than a year after the agency’s outside advisers voted against continued use of the ingredient, called oral phenylephrine, citing concerns with the
In March 2022, the Fed started raising interest rates due to the economic distortions it saw. We looked at the same aberrations above in labor, inflation, and economic output. However, now, all those measures have returned back to normal. Yet, monetary policy has not. So, like I said at the start, don’t be surprised when policymakers cut rates later this week and even more moving forward. And as this happens,
Solstock | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Wealthy donors under the age of 43 are
Food prices rose to their highest level in 18 months in October, with the prices of almost all commodity groups rising, led by vegetable oils, the Food and Agriculture Organization of the United Nations said. Source link
On election night, Nov. 5, bitcoin surged to an all-time high, breaking past $75,000 as Trump claimed victory. With a Republican sweep across Congress, this outcome is seen by the crypto community as the most favorable result for digital assets. Trump’s vocal support for crypto, along with his criticism of the SEC’s restrictive stance, has fueled expectations for a regulatory landscape that encourages innovation and growth. The market’s swift reaction,
Human-caused climate change made Spain’s rainfall about 12% heavier and doubled the likelihood of a storm as intense as this week’s deluge of Valencia, according to a rapid but partial analysis Thursday by World Weather Attribution, a group of international scientists who study global warming’s role in extreme weather Source link
The Shiba Inu burn rate witnessed a staggering 1300% surge on Saturday, fueling market optimism surrounding the meme coin’s future movements. As millions of SHIB were taken out of the token’s total supply recently, investor speculations of a looming price rally prevail in the market. However, despite the intraday burn rate surge, the meme coin’s price showcased turbulence. Crypto market watchers are extensively monitoring the dog-themed meme coin in light
Inflows into the spot Ethereum ETF have been once again picking up pace, especially after the Donald Trump victory and the 25 bps Fed rate cut announcement this week. Over the last three consecutive days, the Ether ETFs have registered net inflows thereby bringing the total outflow to $324 million, dropping from the peak of $550 million a few weeks ago. Spot Ethereum ETFs See Renewed Interest Along with Bitcoin
President-elect Donald Trump.Kamil Krzaczynski/AFP via Getty Images US stocks hit record highs as investors cheered Trump’s election victory and market gains. The Fed cut interest rates, Nvidia replaced Intel in the Dow, and the S&P 500 briefly crossed 6,000. Investors will turn their attention to October inflation data next week. US stocks jumped on Friday to record highs, capping off a monumental week for markets as investors cheered Donald Trump’s
