The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime. Data from the Labor Department showed that non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly...
U.S. stocks tumbled on Friday due to heavy selling across the board as buoyant non-farm payroll data raised concerns that the Federal Reserve will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields hurt as well. The major averages all closed sharply lower. The Dow settled with...
The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December. Data from the Labor Department showed U.S. non-farm payroll employment surged by 256,000 in December, after jumping by...
The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada....
China will on Thursday release December figures for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In November, overall consumer prices were down 0.6 percent on month and up 0.2 percent on year, while producer prices sank an annual 2.5 percent. Australia will see November numbers for imports, exports, trade balance and retail...
The Canadian market closed on a firm note on Wednesday thanks to strong buying in technology and materials sectors. Weakness in healthcare, communications and consumer discretionary sectors limited the markets upside. The market gained despite reports that U.S. President-elect Donald Trump is planning to impose new tariffs. The benchmark S&P/TSX Composite Index ended the session...
OKX was fined $1.2 million by Malta’s FIAU for anti-money laundering violations found during a 2023 compliance review.The exchange was also penalized in the US, agreeing to pay over $504 million for operating without a license. OKX, a crypto exchange with millions of users worldwide, has just been fined €1.1 million (around $1.2 million) by...
PumpFun reactivates livestreaming for 5% of users with updated moderation and transparent content rules.The new livestream policy will develop with feedback from users, moderators, and policy experts. After previously closing its livestreaming feature for various security reasons, PumpFun is now slowly starting to reactivate the feature. Not immediately open to everyone, PumpFun chose to take...
A major crypto audit is coming to uncover how many Bitcoin and altcoins the US holds.Bitcoin reserve pivot has gained both support and criticism over the past few weeks. The US Treasury Department and other federal agencies are set to unveil the country’s Bitcoin (BTC) and other digital asset holdings on April 5. This upcoming...
Bitcoin Decentralized Finance (BTCFi) has surged 2,700% in the past year as sentiment around the asset skyrockets. Bitcoin long-term holders have accumulated 400,000 BTC since February 2025, bringing the total held to 13.5 million. A latest Binance research report has disclosed that Bitcoin-based Decentralized Finance (BTCFi) has surged by more than 2,700% in just one year. ...