US jobs report smashes forecasts; shares in Falklands oil explorers plunge as Argentina threatens sanctions – business live
Rolling coverage of the latest economic and financial news, as US economy adds 162,000 new jobs in August
Market Analysis
U.S. 10-year Treasury yield spikes following blockbuster NFP report
The US dollar has been supported since the last FOMC decision but as the hawkish repricing reached a near-term peak, the momentum waned as traders shifted their focus to the key US data.
European Central Bank: Inflation-driven hike prospects – DBS
DBS Group Research expects the European Central Bank (ECB) to raise the deposit facility rate to 2.50%, citing a resilient inflation-growth mix in the Eurozone. The report notes headline inflation has moved further abov…
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Digital Collectibles Platform ‘MEMONS’ Officially Launches
Digital collectibles platform MEMONS has officially launched its service. MEMONS is a digital collectibles platform where users can obtain digital cards of various rarity levels by opening Capsules, collect them, and tr…
WTI Oil retreats below $89 despite persistent tensions around the Strait of Hormuz
West Texas Intermediate (WTI) US Oil declines 1.21% on Friday and trades around $88.55 per barrel at the time of writing. The Crude Oil remains close to its recent highs and is still heading for a strong weekly gain as …
Federal Reserve: Close call on further tightening – Commerzbank
Commerzbank’s Dr. Christoph Balz expects the Federal Reserve to keep rates unchanged, but highlights a significant risk of another 25 bps hike. He notes gasoline-driven headline Consumer Price Index (CPI) strength versu…
Japanese Yen: Sharp rebound and Fed repricing – MUFG
MUFG’s Michael Wan highlights a sharp strengthening in the Japanese Yen, with USD/JPY dropping from 160 to around 155.30 as the Dollar broadly weakened and Asian FX gained. The report notes uncertainty over any Bank of …
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Hormuz Is Becoming an Inflation Problem Again
In the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trump’s “little excursion” in the Middle East would be short-lived.
Uniswap Buys PONS Stake, Token Jumps 40% to New All-Time High
Uniswap Labs has purchased a stake in PONS as part of a longer-term partnership, sending the token to a new all-time high of $0.75.
Gold tumbles as blockbuster US NFP lift US Dollar, Treasury yields
Gold (XAU/USD) falls sharply on Friday, snapping a two-day recovery after the US Nonfarm Payrolls (NFP) report surprised strongly to the upside. The metal briefly climbed above $4,500 on Thursday, gaining nearly 2%, but…
Trezor Breach Is Much Bigger Than Initially Thought: Another 67,000 Customers Exposed
The hardware wallet manufacturer revealed in a new update from September 4 that another 67,000 customers in the United States had their personal information exposed in the breach at its shipping provider, ShipMonk.
European stocks: What if the Fed hikes in September?
Markets are pricing several rate hikes from the major central banks despite scant evidence that the energy crisis is seeping into broader inflation. Yet James Smith argues investors are right to worry about higher oil a…
Garrett Jin’s ZEC Short Bleeds Over $18M as Zcash Explodes Past $1,000
The wild nature of the cryptocurrency markets has returned for some major altcoins, such as the privacy coin leader, Zcash (ZEC). The token skyrocketed to a new multi-year peak of just over $1,000 earlier today.
Recent Pi Network (PI) Price Forecasts, Ethereum’s (ETH) Potential, and More: Bits Recap September 4
Pi Network’s native token has soared by 11% over the past month and has recently drawn mixed price predictions.
AI Bears: Right About the Excess, May Be Wrong on the Trade
Prices rose. Producers added capacity. Supply caught up. Prices crashed. Investors learned the rhythm: buy the shortage, sell the expansion, and never forget that the next bust was waiting somewhere down the road.
Health-tracking smart ring maker Oura to list on US stock market
Fans of Oura are accustomed to using its trendy smart rings to fastidiously monitor their health but now investors are preparing to track a new metric: its share price.
The Federal Reserve's Initial September Inflation Forecast Has Arrived, and It Contains a Glaring Red Flag for Wall Street
Although the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have blasted to new highs in 2026, inflation may be the one headwind the stock market can't sweep under the rug.
Ethereum Whale Keeps Offloading as ETH Price Rockets Past $2.5K
The largest altcoin is on the move again alongside the rest of the market, surging by over 4% daily to $2,150 as of press time. It even tapped $2,530 earlier today before it was stopped.
FX Outlook: 50/50 Fed Call Keeps Risk Assets in Demand
Sam Azzarello: What's next for markets and the global economy after a year defined by escalating tariffs, persistent geopolitical tensions, and the rise of artificial intelligence across industries?