Category Finance

Happy jobs Friday. I’m tempted to dismiss this report as unimportant because the Fed is in a casual wait-and-see stance but a tipping point in an economy is like Hemingway’s description of bankruptcy: Suddenly and then all at once. Lululemon late yesterday cut guidance citing a ‘dynamic macroenvironment’…

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No plan for Trump call with Musk. In a brief call tonight with Politico, Trump said that things with Elon were going well. White House aides also reported that they scheduled a call Friday with Musk to broker a peace. This is not necessarily a bad news. There…

What is the distribution of forecasts for the US NFP? ECB’s Centeno: We successfully overcome inflationary process BoJ is said to consider smaller reductions to its bond buying Eurozone Q1 final GDP +0.6% vs +0.4% q/q second estimate Eurozone April retail sales +0.1% vs +0.1% m/m expected ECB’s…

UK financial regulator the Financial Conduct Authority (FCA) said it will allow consumers access to crypto exchange traded notes (cETNs), as the watchdog aims at growing digital assets in Britain. The move means cETNs could be sold to individual consumers rather than just professional investors in the UK,…

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC broader outlook is constructive, but its short-term prospects remain bleak, according to technical analysis. The leading cryptocurrency by market value has bounced back to nearly $104,000 from its overnight low of…

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) and the wider cryptocurrency market recovered from overnight lows, with monero (XMR), XRP and SUI leading the bounce ahead of the pivotal U.S. nonfarm payrolls report, which is expected to show a slowdown in hiring in May.…

Strategy (MSTR), the largest corporate holder of bitcoin BTC, has priced the new preferred stock offering designed to give long-term investors a fixed 10% annual return with no management fees. The firm will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting…