Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who
Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May
The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around expectations. The blue-chip Dow climbed 574.84 points, or 1.51%, to 38,686.32,
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption expenditures price index excluding food and energy
Top adviser recommends against Elon Musk’s $56B Tesla pay package
Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold their support from the re-election of News Corp. scion James Murdoch to the automaker’s board. Tesla’s shareholder meeting is on
ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund
Cathie Wood’s Ark Investment Management has withdrawn its involvement in the race to launch an exchange-traded fund (ETF) that would directly invest in Ether, the second-largest cryptocurrency. The amended prospectus document, known as Form S-1, filed with the US Securities and
Bitcoin Price Prediction: BTC Soars to $67,900; Mixed US Inflation Data & Fed Rate Cut Hopes Fuel Rally
Bitcoin Price Prediction Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This
Dogecoin Holders Flock to New DOGE Alternative, Betting on Huge 1000x Returns
As the Dogecoin (DOGE) price struggles just to the north of its 21 and 50DMAs, holders are flocking to a new DOGE alternative called Dogeverse (DV) as they bet on potential 100x returns. The Dogecoin price is set to close out
Indian Police Officer Arrested For Siphoning Over $200K In Bitcoin Related To Crypto Scam Investigation
An Indian police officer was arrested on May 31 for allegedly stealing Bitcoin worth INR 1.8 crore (approximately $216,000) during a crypto scam investigation. Indian Police Scam Reveals Collaboration With Bitcoin Wallet Hacker According to local media news Hindustan Times, the Special
Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?
Notcoin (NOT) has taken crypto markets by storm in the last few weeks since its launch on May 16, with the Notcoin price pumping up 150% in the last seven days to new all-time highs amid surging trading volumes. The Notcoin
Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US
Ripple CEO Brad Garlinghouse ignited excitement with his bullish forecasts on May 30, particularly regarding the prospect of an XRP exchange-traded fund (ETF). Garlinghouse’s statements exuded confidence, suggesting that XRP and other altcoins could follow Ether’s footsteps in securing ETF