Bitcoin trades near $65,978, below the short-term holder cost basis of $69,000, as markets anticipate the Federal Reserve's July 28-29 meeting. Weak labor data and slowing core CPI suggest a less restrictive Fed, but rising oil prices and Treasury yields add complexity, making Bitcoin's rally conditional on the Fed's stance.
The collapse of Silicon Valley Bank has intensified concerns about discriminatory lending practices in the banking industry, particularly affecting entrepreneurs of color and women. SVB was known for supporting underrepresented founders, and its failure highlights the limited options and systemic challenges these groups face in accessing capital from larger banks.
Bitcoin surpassed $60,000 as weak US jobs data and a declining dollar fueled demand for the cryptocurrency. While oil prices stabilize, gasoline remains elevated, creating uncertainty for the Federal Reserve's next policy move.
US nonfarm payrolls rose by only 57,000 in June, missing expectations, while the unemployment rate unexpectedly fell to 4.2%. Conversely, the Eurozone unemployment rate held steady at a record low 6.2% in May, highlighting diverging labor market trends and central bank policy paths.
The U.S. economy added 57,000 nonfarm payrolls in June, significantly below forecasts and May's revised figures, while the unemployment rate unexpectedly fell to 4.2%. This slowdown in job creation eases pressure on the Federal Reserve regarding immediate interest rate hikes, leading to a positive market reaction.
Criação de vagas nos EUA desacelera em junho, impactando o mercado. EUA impõem sanções contra brasileiros e empresas por ligação com PCC. Bolsas asiáticas, exceto Hong Kong, sofrem quedas acentuadas.
O dólar comercial fechou em alta de 0,92%, a R$ 5,209, pressionado pela expectativa de juros altos nos EUA. A bolsa de São Paulo (Ibovespa) recuou 0,20%, aos 171.688 pontos, com investidores cautelosos com o cenário externo e doméstico.
Goldman Sachs predicts the June jobs report could exceed expectations, potentially adding 40,000 jobs due to the World Cup's impact, particularly in hospitality and business services. While overall hiring may slow, World Cup cities saw less of a decline than other cities.
Oracle has initiated a second wave of layoffs in Romania, impacting approximately 500 employees starting June 25. This follows a similar round in late 2025 and is part of a broader AI-driven restructuring, affecting various departments including OCI, Database Technologies, and Health & Analytics.
The New York Mets fired manager Carlos Mendoza on Friday after a disappointing 34-47 start to the season and a six-game losing streak, replacing him with Andy Green. Owner Steve Cohen expressed frustration with the team's performance despite having the second-highest payroll in baseball.
Mario Flores, a Honduran national living illegally in the US, received an eight-year prison sentence for his role in a $89 million payroll tax fraud scheme in Orlando, Florida, involving shell companies and cash payments to undocumented workers.
Social Security's OASI trust fund may be depleted by Q4 2032, with 78% of benefits payable, according to new projections. This has intensified calls to tax the wealthy, with bipartisan efforts emerging to lift the payroll tax cap, though significant challenges remain.
Queensland's Treasurer David Janetzki aims to prevent a credit rating downgrade despite a budget deficit and projected borrowings exceeding $200bn in three years. The budget forecasts a surplus in 2029-30, after years of deficits, boosted by higher coal royalties.
Accenture is changing its salary increase structure for over 780,000 employees. Half of the approved hike will be a lump-sum payout in June, the other half added to base pay. This aims to provide immediate cash while managing payroll costs.
Oracle has secured a 10-year, $395.8 million contract from the Trump administration to build a unified government-wide human resources platform, "Federal HR 2.0," aiming to consolidate over 100 disparate HR systems for federal employees.
UAE authorities have enforced a new rule requiring private sector employers to pay salaries on the first day of each month, leading to a significant increase in payroll processing and prompting SMEs to adapt their financial planning.
Bitcoin's price is heavily influenced by upcoming US jobs reports, particularly the JOLTS survey and payrolls data. These figures will signal the Federal Reserve's monetary policy direction, affecting interest rates, dollar strength, and overall market liquidity.
French Minister David Amiel confirmed payroll tax cuts will remain unchanged on June 1st, despite automatic SMIC increase due to inflation. Employer groups criticize the decision, citing rising labor costs.
The CLARITY Act, aiming to provide a clearer federal map for digital asset markets, is advancing in the Senate. However, concerns are rising about the Commodity Futures Trading Commission's (CFTC) capacity to regulate the crypto spot market, given recent workforce reductions and the agency's existing challenges.
Gen Z entrepreneurs are using AI to accelerate the creation of new businesses, per a Gusto report.
PM on the brink with Yvette Cooper and Shabana Mahmood believed to be among those urging him to set out a timetable for departureStarmer on the brink as cabinet ministers urge him to quitGood morning. “Stories beat spreadsheets,” Keir Starmer declared in his speech yesterday. But yesterday was a day when the spreadsheets had the upper hand. Most news organisations were using them to keep a track of Labour MPs who were coming out and calling for Starmer’s resignation and, after his speech in the morning, the numbers started to escalate. Here is the LabourList one; by the end of last night they were on 77.The sort of names on the spreadsheets changed too. Initially it was mostly leftwingers calling for the PM to go, with the Andy Burnham supporters stressing the need for a timetable for an orderly transition (ie – a slow process, allowing Burnham to win a byelection before a leadership contest). But in the afternoon government loyalists, and some prominent Wes Streeting supporters, started speaking out. And by early evening parliamentary private secretaries (technically, people on the government “payroll”) were joining in too.The Guardian understands that two senior cabinet ministers – Yvette Cooper, the foreign secretary, and Shabana Mahmood, the home secretary – told the prime minister he should oversee an orderly transition of power after crushing election defeats risked ringing the death knell on his premiership.At least two others – believed to be John Healey and David Lammy – discussed with Starmer how they should take a “responsible, dignified, orderly” approach to what might follow. Several others – including Richard Hermer and Steve Reed – were defiant, urging him to fight on. Continue reading...
US employment rose more than expected in April, while the unemployment rate remained steady, government data showed, with the world’s largest economy firming recent labour market gains but analysts warning of underlying weakness. “Total nonfarm payroll employment edged up by 115,000 in April, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labour Statistics (BLS) said. The gains mainly came in the healthcare, transport and warehousing and retail trade sectors. US job...
US companies boosted payrolls in April by the most in over a year, the latest evidence of stabilisation in the labour market. Private-sector payrolls rose 109,000 in April after a revised 61,000 advance in the prior month, according to ADP Research data out on Wednesday. The median estimate in a Bloomberg survey of economists called for a 120,000 increase. More than half of the hiring advance was due to health services and education. Trade, transport and utilities payrolls also increased....
Less than a month into the season, the New York Mets own MLB's worst record despite the second-highest payroll. A 12-game losing streak, season-ending injuries to stars Francisco Lindor and Juan Soto, offensive collapse, and several high-profile blunders have the club in freefall, with no historical precedent for a team recovering from such a streak to reach the playoffs.
