Job openings fall to lowest level since January 2021
Job openings data released on Wednesday showed the labor market continued to cool in July as investors search for clues on how aggressively the Federal Reserve will cut interest rates in 2024.
Philadelphia Fed says it is looking for Harker successor
NEW YORK (Reuters) -The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer. "We will run an open and inclusive nationwide search including broad input" from the Philadelphia Fed district, Anthony Ibarguen, CEO of Quench USA and chair of the Philadelphia Fed's board of directors, said in a press release. "Our goal is to find a new leader who will carry on President Harker's service to our communities and commitment to promoting a strong U.S. economy."
CoinDesk 20 Performance Update: MATIC Plunges 6.9%, Leading Index's Decline
The CoinDesk 20 stumbled 2.1% , with only Uniswap and Litecoin posting gains.
Nigerian Court Postpones Decision on Gambaryan Bail Application
The next bail hearing has been scheduled for Oct. 9.
BlackRock and Fidelity doubling down on Bitcoin sparks debate on safety vs. cash
Rising institutional interest in Bitcoin leads to discussions about its security and future role.
Bostic Says Risks to Fed’s Jobs, Inflation Goals Now in Balance
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021, though he added he is “not quite prepared” to declare victory over inflation.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US Roads“Though they have declined significantly, risks to me
Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts
Citi said that while a technical rebound was possible, the market could lose confidence in OPEC+ defending the $70/bbl level if the group doesn't commit to extending current output cuts indefinitely. If Brent prices fall into the $60s, financial flows could drive them down further, possibly to $50 per barrel before a potential rebound, the analysts at Citi said. Geopolitical tensions were initially expected to lift oil prices, but each rebound since October 2023 has weakened, Citi said.
Japans Financial Regulator Mulls Taxing Crypto as Financial Asset
A change in the regime could result in lower taxes for some crypto investors.
Crypto-Fan Deaton Gets Chance to Battle Elizabeth Warren for U.S. Senate
The hope of crypto enthusiasts weary of industry pushback from Sen. Elizabeth Warren (D-Mass.) remains alive after the crypto sector's top candidate, lawyer John Deaton, won the Republican primary in Massachusetts and a chance to face Warren in the general election.