In April, the US economy added 115,000 nonfarm jobs, significantly surpassing the expected 65,000, with the unemployment rate steady at 4.3%. This marks continued job market strength following a revised 185,000 jobs added in March, indicating stabilization despite ongoing inflation concerns. Key sectors like transportation, healthcare, and retail saw notable job gains, while federal government employment declined. Private sector growth was strong, especially in small businesses and education and health services, though layoffs rose, partly due to AI-related cuts. This data suggests a resilient labor market that may influence economic policy going forward.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
