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  • Aug 16, 2024

Citigroup Calls Time on Popular ‘Trump Trade’ in Bond Market

(Bloomberg) -- Citigroup Inc.’s strategists have abandoned a once-popular “Trump trade.” Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitThe bank’s global macro strategy team on Friday recommended clients exit any remaining bets that 30-y

  • Aug 16, 2024

Hurricane Beryl likely had minor impact on US labor market in July

Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S. job growth last month. The Labor Department's state employment and unemployment report on Friday showed the jobless rate in Texas, which was slammed by Beryl in the second week of July, rose to 4.1% last month from 4.0% in June. There had been speculation that Beryl was a significant factor in the small rise in nonfarm payrolls in July and surge in the national jobless rate to near a three-year high of 4.3%.

  • Aug 16, 2024

Dogecoin, Shiba Inu Fall As Ethereum Co-founder Vitalik Buterin Donates Over $500K Worth Of Memecoins To Animal Charity

Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), has donated over half a million dollars to a charity that looks after the welfare of animals. What Happened: In an X post on Thursday, Buterin revealed sending 200 Ether, worth $524,320, to Effective Altruism Fund's Animal Welfare Fund. This stash was obtained after selling all the “animal coins” that were sent to his wallets over the past year. Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,

  • Aug 16, 2024

Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump's reported sources of income

Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come from documents filed by Trump as part of his Republican presidential bid that were released Thursday night. The more than 200 pages of paperwork give a limited picture of the real estate developer-turned reality TV star-turned-president's money and investments.

  • Aug 16, 2024

Federal court strikes down Missouri investment rule targeted at `woke politics'

A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that “put woke politics ahead of investment returns.” The Missouri regulations, issued by Ashcroft's office, infringed on the free speech rights of investment professionals and are preempted by federal law, the court ruling said. The regulations "would have placed an unnecessary burden on investment firms – small and large – doing business here in Missouri,” said Kara Corches, interim president and CEO of the Missouri Chamber of Commerce and Industry.

  • Aug 16, 2024

Why a Crypto Startup Acquired a Popular 'Roblox' Stock Trading Game

Last week, crypto educational gaming startup PiP World announced acquired a Roblox stock-trading game called StockRise, which raised some eyebrows. Why would a crypto company buy a user-created game on a platform largely populated by kids and teens? Roblox allows users to create their own games and worlds that anyone can explore and play in. Within the curated “learn and explore” section of the game, StockRise sits as the only financial educational experience. As such, the world has garnered ove...

  • Aug 16, 2024

This Week in Coins: Bitcoin Dips, Ethereum Sits Still as Trump Family Settles In

Illustration by Mitchell Preffer for Decrypt. It was a quiet week in the crypto sphere. Even so, "quiet" in crypto is still not for the faint of heart. Bitcoin was at one point trading for above $60,000 again on Monday, but things took a turn for the worse and by Thursday it had—seemingly unexplainedly—crashed to as low as $57,787. It rolled into the weekend at $59,131 per coin, a seven-day dip of 2% and more than 8% below this time last month. It still has a long way to go before it gets as hi...

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