recession
In a recent update, the number of Americans filing for new unemployment benefits rose by 4,000 to a seasonally adjusted 232,000 for the week ending August 17, according to the Labor Department. This uptick, while slightly above economists’ expectations of 230,000, indicates a gradual cooling of the labor market rather than a dramatic downturn. Despite the slight increase in jobless claims, the US labor market continues to demonstrate resilience. Layoffs remain at historically low levels, and while hiring has slowed, the overall demand for labor persists. This stability, buoyed by an increase i...
Invezz
Bitcoin (BTC) ganó un 4.3% entre el 16 y el 18 de agosto, pero revirtió esta ganancia después de no poder mantener niveles por encima de USD 60,000. El precio se corrigió a USD 58,500 mientras que los futuros del índice S&P 500 y el oro se acercaron a sus máximos históricos el 19 de agosto. Esto sugiere que el movimiento estuvo relacionado exclusivamente con las criptomonedas. Sin embargo, atribuir la reciente debilidad de Bitcoin a un solo evento sería prematuro, ya que su precio ha luchado por cerrar por encima de USD 63,000 durante todo agosto. Los datos macroeconómicos sólidos no favorecen...
Cointelegraph ES
Bitcoin (BTC) gained 4.3% between Aug. 16 and Aug. 18 but reversed this gain after failing to sustain levels above $60,000. The price corrected to $58,500 while the S&P 500 index futures and gold approached their all-time highs on Aug. 19. This suggests that the movement was exclusively related to cryptocurrencies. However, attributing Bitcoin's recent weakness to a single event would be premature, as its price has struggled to close above $63,000 throughout August. Strong macroeconomic data fails to favor Bitcoin priceSome analysts suggest that the unwinding of carry trades in Japan, driven b...
Cointelegraph
Goldman Sachs has revised its forecast for a U.S. recession, reducing the probability to 20% following new labor market data that influenced its economic outlook. This adjustment comes shortly after the firm had increased its recession odds earlier this month based on previous data. Recession probability raised then reducedEarlier in August, Goldman Sachs had raised its 12-month recession probability forecast from 15% to 25%. This adjustment was triggered by the U.S. jobs report released on August 2, which revealed that nonfarm payrolls increased by just 114,000 in July. This figure was signif...
Invezz
In a development that has brought some relief to concerns about the US economy, fewer Americans applied for state unemployment aid in recent weeks than economists had anticipated. This trend has helped to ease fears that the US labour market is slowing down faster than expected, which could potentially push the economy into a recession. Unemployment claims lower than expectedAccording to data released by the US Department of Labor on Thursday, the number of initial unemployment claims for the week ending August 10 stood at 227,000 on a seasonally adjusted basis. This figure is the lowest in ju...
Invezz
Bitcoin (BTC) experimentó un aumento significativo en la volatilidad el 12 de agosto, cayendo inicialmente un 3.2% en menos de una hora a USD 57,844 antes de recuperarse un 5% para alcanzar USD 60,700 en los siguientes treinta minutos. Este movimiento del precio refleja la incertidumbre en torno a las condiciones macroeconómicas, especialmente tras los comentarios de un gobernador de la Reserva Federal (Fed) de los Estados Unidos durante el fin de semana. Estos comentarios también llevaron a que los precios del oro aumentaran a USD 2,458, apenas un 1% por debajo de su máximo histórico. El mayo...
Cointelegraph ES
Bitcoin (BTC) experienced a significant volatility spike on Aug. 12, initially dropping 3.2% in less than an hour to $57,844 before rebounding by 5% to reach $60,700 within the next thirty minutes. This price swing reflects the uncertainty surrounding macroeconomic conditions, particularly following remarks from a United States Federal Reserve (Fed) Governor over the weekend. These remarks also led to gold prices surging to $2,458, just 1% below its all-time high. Economic downturn is the biggest risk for a Bitcoin price crashTraders are now questioning whether Bitcoin might retest the $49,248...
Cointelegraph
Veteran investor David Roche has issued a cautionary forecast for the stock market, predicting a potential bear market in 2025. Roche, a prominent expert at Quantum Strategy, points to the growing bubble in artificial intelligence (AI) as a key factor that could drive a significant market downturn. According to Roche, the exuberance surrounding AI may lead to a sharp correction, potentially causing the S&P 500 to fall by up to 20% from its current highs. David Roche expects the Fed to lower interest ratesDavid Roche also expects the Federal Reserve to lower interest rates at a smaller-than-exp...
Invezz
As the US economy shows signs of slowing, highlighted by recent jobs data falling short of expectations, investors are seeking stable opportunities. According to David Kostin, Chief US Equity Strategist at Goldman Sachs, shifting focus to resilient stocks could be crucial. Here are three stocks that stand out for their potential to perform well even in a downturn: F5 Inc (NASDAQ: FFIV)F5 stock is currently down about 6.0% versus its year-to-date high. The recent weakness makes up for an opportunity to build a position in this stable growth name that may outperform in a slowing economy, Goldman...
Invezz
In a positive sign for the US economy, the number of Americans filing for jobless benefits dropped significantly last week, offering some relief to recession fears that had been mounting in global markets. According to the Labor Department’s report on Thursday, initial jobless claims fell by 17,000 to 233,000 for the week ending August 3. This decline suggests that the labor market remains resilient despite recent economic uncertainties. The latest jobless claims data came in below analysts’ expectations of 240,000, as surveyed by FactSet, and provided a much-needed boost to market sentiment. ...
Invezz
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