Latest Articles
Americans With Four-Year Degrees Now Comprise a Record 25% of Unemployed Workers
Americans with four-year college degrees now comprise a record 25% of total unemployment, underscoring a sharp slowdown in white-collar hiring this year. Government-shutdown delayed monthly figures published Thursday by the US Bureau of Labor Statistics showed the...
Indian Rupee Sinks to All-Time Low as RBI’s Absence Sows ‘Panic’
India’s rupee tumbled to an all-time low against the dollar, with losses accelerating after policymakers surprised traders by choosing not to prop it up as they had been doing for months. The rupee, which has come under pressure as India struggles to reach a trade...
US Consumer Sentiment Falls to Near Lowest on Record
US consumer sentiment fell in November to one of the lowest levels on record as Americans’ views of their personal finances soured. The final November sentiment index dropped to 51 from 53.6 in October, according to the University of Michigan. The figure was only...
Prediction Markets to Rival Stocks Within Years, Kalshi CEO Says
Prediction markets are growing far faster than previously expected and will rival stock exchanges in just a few years, according to Kalshi Inc. Chief Executive Officer Tarek Mansour. “This is starting to look like a trillion-dollar market,” Mansour said at the Futures...
Fear Engulfs Bitcoin Traders Betting on Free Fall to $80,000
Bitcoin is in free fall — and traders are positioning for more pain. The world’s largest cryptocurrency plunged below $90,000 on Tuesday morning during Asia trading, deepening a selloff that’s erased all of its gains for the year. In the options market, traders are...
Notices of Impending Layoffs by US Companies Surged in October
Notices of impending mass layoffs by US companies surged in October to among the highest levels on record, according to a tally by Federal Reserve Bank of Cleveland researchers. Some 39,006 Americans were given advance notice as required under the Worker Adjustment...
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