Category: U.S
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Trump, Harris spar at second U.S. presidential debate
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US Vice President Kamala Harris and former President Donald Trump engaged in a heated debate on Tuesday in the second presidential debate for the 2024 elections. The event is hosted by ABC News and moderated by anchors David Muir and Linsey Davis. The second debate could be crucial in giving…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
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The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
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U.S. August Jobs Report: Mixed Signals Keep Fed on Track for Measured Rate Cut
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The U.S. labor market showed signs of slowing in August, with job growth slowing but remaining positive, paving the way for the Federal Reserve to take a measured approach to cutting interest rates later this month. The Bureau of Labor Statistics reported today that total nonfarm payrolls rose by 142,000…
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Bitcoin’s Potential Rally Amid U.S. Dollar Weakness
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Bitcoin and the US dollar have long had an inverse relationship, especially when watching the Dollar Strength Index (DXY). When the dollar weakens, Bitcoin often gains strength, and this dynamic could now be setting the stage for a reboot of the Bitcoin bull cycle. Dixie the Dollar Strength Index (DXY)…
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Mixed U.S. Labor Market Reports Sent The U.S. Dollar All Over The Charts
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As markets debate the Fed’s next policy steps, updates on the U.S. labor market — which Fed members said they are watching closely — are sure to make market participants nervous. On Thursday, a report was issued by Challenger, Gray and Christmas reversed 75,891 job cuts in Augustthe highest August…
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European markets fall ahead of U.S. jobs data (EUR:USD)
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da-kuk/E+ via Getty Images London (UKX) -0.40% Germany (DAX:IND) -0.73% Germany posts trade surplus of 16.8 billion euros in July France (CAC:IND) -0.44% to a three-week low on Friday. France posted a trade deficit of 5.9 billion euros in July. The Swiss consumer confidence index fell by 2.2 points to…
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U.S. Spot Bitcoin ETFs See Record $287 Million in Outflows, Except BlackRock
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US exchange-traded funds saw a massive outflow of funds, with $287.8 million withdrawn from listed ETFs yesterday, marking the largest single-day outflow since May 1, according to data from Farside Investors. RevealsAccording to Arcam data, the only ETF that did not see withdrawals was BlackRock, which reported no outflows. Eight…
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U.S. Spot Bitcoin ETFs See Record $287 Million in Outflows, Except BlackRock
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US exchange-traded funds saw a massive outflow of funds, with $287.8 million withdrawn from listed ETFs yesterday, marking the largest single-day outflow since May 1, according to data from Farside Investors. RevealsAccording to Arcam data, the only ETF that did not see withdrawals was BlackRock, which reported no outflows. Eight…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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U.S. stocks tumble as September starts, investors cool on chips By Reuters
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(Reuters) – Wall Street’s main indexes fell on Tuesday, with the S&P 500 falling more than 2% and the Dow Jones Industrial Average falling more than 3%, as investors’ optimism about artificial intelligence faded in a broad market selloff that accelerated after tepid economic data. The Nasdaq and Dow posted…
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FBI Warns of North Korean Hackers Targeting U.S. Bitcoin And Crypto ETFs
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Today, the FBI Issued The BBC has issued a warning that North Korean hackers are targeting cryptocurrency exchange-traded funds (ETFs) in the United States in an attempt to steal digital assets. The FBI said the hackers are using advanced social engineering techniques to breach the security of companies associated with…
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FBI Warns of North Korean Hackers Targeting U.S. Bitcoin And Crypto ETFs
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Today, the FBI Issued The BBC has issued a warning that North Korean hackers are targeting cryptocurrency exchange-traded funds (ETFs) in the United States in an attempt to steal digital assets. The FBI said the hackers are using advanced social engineering techniques to breach the security of companies associated with…
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New U.S. president must bring clarity to crypto regulation, analyst says
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Whoever wins the upcoming US election and becomes president should work to bring regulatory clarity to the cryptocurrency sector, says Lucy Gazmarian, founder and director of Token Bay Capital. Gazmararian shared this perspective during interview She noted that the bull market rally we saw earlier in the year occurred amid…
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New U.S. president must bring clarity to crypto regulation, analyst says
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Whoever wins the upcoming US election and becomes president should work to bring regulatory clarity to the cryptocurrency sector, says Lucy Gazmarian, founder and director of Token Bay Capital. Gazmararian shared this perspective during interview She noted that the bull market rally we saw earlier in the year occurred amid…
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Weekly U.S. economic data roundup: Year-ahead inflation expectations at 2020 levels
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Prime Minister Pictures Last week was a busy week for Wall Street in terms of economic data, with the Federal Reserve’s preferred inflation gauge coming in the spotlight on Friday. Notably, inflation expectations for the coming year from both the Conference Board and the University of Michigan dropped to 1.3%.…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature
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Lightspark, the leader in Bitcoin Lightning Network payments, It was announced Launching Lightspark Extend, a new solution that allows businesses to facilitate instant payments via Lightning for eligible account holders in the US. ? Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend,…
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U.S. headed for bumper crop, which could be a bummer for farmers (NYSEARCA:WEAT)
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Masoud Zengin/iStock via Getty Images U.S. wheat futures rose for a second straight session on Wednesday, jumping about 1.5% in Chicago after rising 2% in the previous session following reports that U.S. corn, soybeans and spring wheat grades deteriorated last week. Meanwhile, domestic wheat prices in Russia rose. The beginning…