17h05 ▪ 3 min read ▪ by Eddy S. Summarize this article with: ChatGPTPerplexityGrok Local stablecoins, supposed to reduce dependence on the dollar, might instead accelerate its dominance. According to the IMF, their adoption on the same blockchains as USDT/USDC facilitates the flight to the dollar. A counterproductive effect that raises questions. What if the […]
The U.S. economy unexpectedly shed 23,000 jobs in July, signaling a significant softening in the labor market that extends beyond the monthly headline to reveal deeper weakness in employment, according to the Bureau of Labor Statistics. The nonfarm payroll decline marked a sharp reversal from months of modest gains and fell well short of economists’ […]
Open this photo in gallery: U.S. Treasury Secretary Scott Bessent co-ordinated with the Bank of Japan last week to stem the yen’s decline, a highly unusual move that could affect us all, John Rapley writes.Kylie Cooper/Reuters John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books […]
Serbia and Ukraine have agreed to deepen economic cooperation, with both sides pledging to finalise a long-stalled free trade agreement by the end of the year as Serbian President Aleksandar Vucic hosted his Ukrainian counterpart, Volodymyr Zelenskyy, in Belgrade. The commitment came on the final day of a two-day visit that concluded on Saturday, Zelenskyy’s […]
Governor Evers has declared a period of economic disruption in four counties following last month’s severe storms. The declaration covers Outagamie, Winnebago, Forest, and Vilas counties. The storms spawned an EF3 tornado in the Fox Cities and damaged homes, businesses, schools, and communities. Evers’ executive order directs the Wisconsin Department of Agriculture, Trade, and Consumer […]
Copper futures (HG.F) chart: the failed breakout shifts attention to 656 support and the 651-655/647-650 zones below. Yesterday’s quote sets the tone for today – so let’s start there: “(…) Nevertheless, please keep in mind that a daily close below 669 would be the first signal that a deeper correction may be starting. (…)” Looking […]
July jobs slide Reuters reported that the participation rate fell to a near 5-1/2-year low of 61.4% as another 264,000 people left the labor force, even as nonfarm payrolls decreased by 23,000 jobs. ABC News NBC News said wage growth was 0.1% from June and 3.2% from one year ago, while inflation was 3.5% in […]
The UK economy is witnessing significant challenges due to ongoing global economic uncertainties and inflation pressures. The United Kingdom’s economy is currently facing a range of difficulties as it navigates through global economic slowdowns and persistent inflation. Recent reports indicate that these factors have started to impact various sectors, leading to concerns over long-term growth. […]
A Record High With a Different Driver Copper has a nickname on Wall Street: Dr. Copper. The idea is that the metal’s price tends to know where the global economy is heading, because copper shows up everywhere, from wiring and phones to cars and buildings. It also shows up in power lines, electric vehicles, and […]
The Central Intercollegiate Athletic Association men’s and women’s basketball tournaments that took place in Baltimore generated a total economic impact of $33.6 million — the highest mark in the tournament’s five-year stay in the city, the league and Visit Baltimore announced Thursday morning. More than 8,200 fans visited CFG Bank Arena on Feb. 28 to […]
