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  • Oct 08, 2024

Crypto.com Files Suit Against SEC After Getting Wells Notice

(Bloomberg) -- Crypto.com filed a lawsuit against the US Securities and Exchange Commission after receiving a Wells Notice indicating the regulator’s intention to sue the digital-asset exchange for operating as an unregistered broker-dealer and securities clearing agency. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’

  • Oct 08, 2024

Fed's Bostic says labor market slowing but not slow, jobs gains 'robust'

Last week's jobs numbers confirm the U.S. labor market remains strong even though it may be slowing, with a 4.1% unemployment rate around what is considered full employment and employers adding jobs faster than what is needed to account for population growth, Atlanta Federal Reserve President Raphael Bostic said on Tuesday. The rise in the unemployment rate from last year's lows well below 4% "is actually a move to where most folks, before the pandemic, thought full employment was," Bostic said at a meeting with foreign consular officers based in Atlanta. "The labor market ... is certainly slowed down, but is not slow," he said, while monthly job creation "is pretty robust."

  • Oct 08, 2024

Robinhood Eyes Major Growth With New Trading Features, While Coinbase Rides Crypto Surge: Analyst

Piper Sandler analyst Patrick Moley said the volatile trading environment drives third-quarter outperformance for exchange and trading companies, leading to a strong backdrop for retail brokers. Moley maintained Robinhood Markets Inc (NASDAQ:HOOD) with an Overweight rating and a $27 price target. Despite Net Interest Income headwinds from the lower rate environment, Moley noted several distinctive near-term opportunities for Robinhood Markets that should help drive continued earnings growth. On

  • Oct 08, 2024

Argentina September inflation seen at lowest since late 2021

Argentina's monthly inflation rate is expected to have slowed to 3.5% in September, which would be the lowest monthly rate since the end of 2021, a Reuters poll of economists showed on Tuesday. That rate would be a sign of progress for the government of libertarian President Javier Milei, which has focused on taming runaway prices since taking office in December. Argentina's national statistics agency will publish the on Thursday.

  • Oct 08, 2024

Treasury Yields Stabilize as Traders Price Gradual Fed Rate Cuts

(Bloomberg) -- The rout in US government debt eased on Tuesday after longer-dated yields reached the highest levels since late July and oil prices fell.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricanes and Climate Disasters?W

  • Oct 08, 2024

Trader Vitol sells Venezuelan oil to Indian refiners, trade sources say

Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela's second largest oil market continue to grow. Indian refiners resumed imports of Venezuelan crude earlier this year after the U.S. Treasury Department authorized transactions for exports of crude and fuel despite sanctions targeted at President Nicolas Maduro's government. India's top refiner, Indian Oil Corp (IOC), is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000 barrels of oil, the sources with direct knowledge of the matter said.

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