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Category: Finance News

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024

Ripple CEO Brad Garlinghouse said he expects the entire value of the crypto market to double this year.

Published 7 April 2024
Categorised as Finance News

A Chinese smartphone maker is breaking into EVs and challenging Tesla. How the stock rates now.

Just as the auto industry was adjusting to BYD’s rapid rise, Chinese smartphone company Xiaomi has burst into the market — and undercut Tesla.

Published 7 April 2024
Categorised as Finance News

New ETF looks to profit from municipal bonds

BondBloxx aims to maximize after-tax returns with its new ETF, the IR+M Tax-Aware Short Duration ETF (TAXX).

Published 6 April 2024
Categorised as Finance News

Fed caution may be justified if the labor market starts to deteriorate. Here’s why that could happen

March’s robust job gains may push the Fed into a more cautious stance regarding potential rate cuts.

Published 5 April 2024
Categorised as Finance News

Stocks making the biggest moves midday: Altice, Tesla, Krispy Kreme, Cinemark and more

These are the stocks posting the largest moves in midday trading.

Published 5 April 2024
Categorised as Finance News

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.

Published 5 April 2024
Categorised as Finance News

Unemployment rate among Black Americans jumped in March, contrasting overall trends

Black workers saw their unemployment rate rise to 6.4% from February’s rate of 5.6%. For Black women, this figure spiked to 5.6% from 4.4%.

Published 5 April 2024
Categorised as Finance News

Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady

The “fry attachment rate” remains above historical levels, a positive sign for the economy.

Published 5 April 2024
Categorised as Finance News

Here’s where the jobs are for March 2024 in one chart — in one chart

Health care and government led hiring last month, while leisure and hospitality finally regained its pre-pandemic employment level.

Published 5 April 2024
Categorised as Finance News

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.

Published 5 April 2024
Categorised as Finance News

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