In a recent address at the Mortgage Bankers Association conference, New York Federal Reserve President John Williams addressed investor concerns regarding potential divestments of U.S. assets. Despite market […]
Moody’s Downgrades U.S. Sovereign Rating: Debt Concerns Grow
Moody’s has issued a significant downgrade of the United States’ sovereign rating, marking the first such event since 1919. This move, which drops the rating from “Aaa” to […]
U.S. Inflation Surpasses Expectations, Consumer Confidence Weakens in May
The United States’ inflation rate for May has exceeded expectations. Odaily reports a preliminary estimate of 7.3%, surpassing the projected 6.50% and the previous value of 6.50%. The […]
Ken Griffin Raises Alarm Over Trump’s Manufacturing Strategy’s Potential Impact on Inflation & Jobs
Billionaire investor Ken Griffin, CEO of Citadel, expressed concerns about the potential inflationary impact and job displacement associated with President Trump’s manufacturing repatriation strategy. He warned that shifting […]
U.S. Jobless Claims Remain Steady
The latest U.S. jobless claims report reflects a mixed picture. The number of individuals filing for initial unemployment benefits reached 229,000 for the week ending May 10th, aligning […]
Economic Events to Watch Next Week: Data Releases and Meetings
Next week holds a packed schedule of economic events and data releases, according to BlockBeats. Key developments include speeches from Federal Reserve officials, the release of crucial CPI […]
U.S. Jobless Claims Drop Below Forecast, Signaling Economic Strength and Potential Impact on Crypto
The U.S. Department of Labor announced a significant decrease in initial jobless claims to 228,000 for the week ending May 3, 2025. This figure surpassed expectations and marks […]
Trump Unveils Sovereign Wealth Fund Proposal Amid Internal Challenges
President Trump’s plan to establish a U.S. Sovereign Wealth Fund faces resistance from the White House, which has expressed concerns about specific aspects of the proposal. While details […]
Atlanta Fed’s GDPNow Model Forecasts U.S. Q2 GDP Growth at 2.2%
The Atlanta Federal Reserve’s GDPNow model has revised its forecast for second-quarter U.S. GDP growth, now projecting a 2.2% increase. This represents an upward adjustment from the previous […]
U.S. Treasury Secretary Leads Trade Talks with Key Partners
Treasury Secretary Besant has initiated talks with 17 out of 18 major trading partners, signaling the U.S. commitment to fostering economic collaboration and resolving trade-related concerns. The discussions […]
U.S. Jobs Surge Fuels Market Rally, Unemployment Stable
The U.S. economy defied expectations with a surprise surge in April jobs, sending shockwaves through financial markets and boosting both equities and cryptocurrencies. The Bureau of Labor Statistics […]
U.S. Job Market Shows Strength: May Employment Figures Exceed Expectations
The U.S. labor market has shown continued strength in May, according to Odaily. The report shows a robust 177,000 job additions in non-farm employment, surpassing economists’ expectations of […]
Trump’s Bitcoin Promises Fail to Shield U.S. Mining Companies from Losses
Despite President Donald Trump’s campaign promises to boost American Bitcoin mining, the nation’s top publicly traded miners are facing steep losses in the first quarter of 2025. This […]
U.S. Unemployment Claims Surge to New High
The U.S. unemployment rate climbed to a new high for the week ending April 26th, according to data from BlockBeats. Initial jobless claims reached 241,000, marking the highest […]
U.S. GDP Contracts, Revision Expected
The U.S. economy experienced contraction in the first quarter, as reported by BlockBeats. Treasury Secretary Besant attributes this decline to a significant backlog of imported goods held in […]