U.S. stock indices fell as weak jobs data spooked investors, despite earnings beats from Apple and Amazon. Summary Dow Jones fell more than 600 points on weak jobs data. Apple stock fell despite strong earnings. Fed may have to lower interest rates to boost hiring. Weak jobs data hit stocks hard, despite improving odds of
Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and
Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats. Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average
As traditional carbon markets collide with blockchain, DevvStream makes its first move, allocating treasury funds to Bitcoin and Solana. Meanwhile, the firm’s $300 million credit expansion could fuel a new era of tokenized environmental assets. Summary DevvStream allocates treasury funds to Bitcoin and Solana in a strategic crypto pivot. The firm views Bitcoin as a
Nasdaq-listed carbon management company DevvStream Corp. has officially launched its cryptocurrency strategy. The company announced on Friday that it had purchased $10 million worth of Bitcoin and Solana. DevvStream had previously issued $300 million worth of secured convertible notes to finance its crypto investments. Founded in 2021, DevvStream provides carbon credits to companies developing renewable
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Strategy aims to go even bigger, Metaplanet get more ambitious with Bitcoin buying plans, and Coinbase highlights shifting altcoin drivers amid an earnings miss. Strategy Double Up Strategy wants its Bitcoin treasury to be the largest corporate
Atlanta Fed President Raphael Bostic told CNBC that July employment data suggests risks in the labor market may be increasing. However, Bostic said it’s too early to change the economic outlook despite the data. “Today’s data and the revisions suggest the economy and labor market may be weakening more broadly than what we’re seeing in
US President Donald Trump announced that he has ordered the immediate dismissal of Bureau of Labor Statistics (BLS) Director Erika McEntarfer following the release of weak employment data in July. In a post on Truth Social, Trump accused McEntarfer of politicizing employment data, calling her a “Biden political appointee.” No concrete evidence was presented for
Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation. The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central