Bitcoin BTC has risen roughly 1% over the past 24 hours to trade near $79,000 on Sept. 4, but has surrendered an earlier move above $81,000 after stronger US employment data revived expectations of another Federal Reserve rate hike. Bitcoin’s reversal followed the August US payrolls report, which showed the economy added 162,000 jobs, almost
Tesla (TSLA) stock came under pressure on Friday, a day after the electric vehicle maker officially launched its Cybercab robotaxi in Austin, Texas. Shares fell about 6.4% in trading, although the stock remained on track for its fourth weekly gain in five weeks. The launch has drawn mixed reactions from analysts and raised new regulatory
Apple (AAPL) stock fell about 2% on Friday as investors weighed reports that initial production of the company’s long-awaited foldable iPhone remains limited, raising concerns about whether Apple can meet demand when the device launches. According to a Nikkei Asia report, production of the foldable iPhone was running at only a few hundred units per
President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike. US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%. Gold prices fell as stronger labor data boosted expectations for higher interest rates
US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%. The selling came ahead of the three-day Labor
Zcash (ZEC) extended its rally above $1,000 on Friday, supported by strong bullish momentum and growing demand for the privacy-focused cryptocurrency. Institutional interest remains firm, with Grayscale’s ZEC-focused exchange-traded fund reaching a record high. Meanwhile, the amount of ZEC held in shielded pools has climbed to 4.86 million tokens, indicating increased use of the network’s
Nvidia stock has jumped and is nearing its all-time high as the company slowly evolves into becoming the central bank of the AI industry, thanks to its huge investments. NVDA jumped to $230, a few points below its all-time high of $236, and this growth may continue as the AI boom continues. Nvidia is now
Shares of US rare earth companies rose in premarket trading Friday after a Reuters report said some Chinese suppliers have declined to ship rare earth materials to US customers despite receiving export licenses. The developments come weeks before Chinese President Xi Jinping is scheduled to visit Washington, putting critical mineral supply chains back in focus.
The US economy added a significant number of jobs in August, reversing a summer slowdown in hiring and reinforcing the likelihood of a rate hike from the Fed this month. Nonfarm payrolls increased by a seasonally adjusted 162,000 last month, the Bureau of Labor Statistics said Friday, sharply exceeding the 53,000 gain economists surveyed by
US stocks fell on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The report also pushed Treasury yields higher and shifted investor focus toward next week’s inflation data. Strong Jobs Report Lifts Rate Hike Expectations The US economy added 162,000 jobs in August,