Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. The US labor market showed signs of cooling, with the unemployment rate rising in June and the pace of job growth in recent months slower than previously reported. The U.S. economy added 206,000 jobs last month, … Read more
Net Ethereum flows through exchanges increased by more than 6%. ETH has remained below the resistance level. Over the past month, Ethereum [ETH] has experienced a noticeable trend of outflow from exchanges. It indicated that investors were withdrawing their holdings from trading platforms. Despite the decline in exchange balances, the volume of ETH being staked … Read more
The number of people being dragged into paying income tax has risen by an estimated 4.4 million in three years as a result of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate over taxes. The figures show that an ongoing freeze on income tax thresholds, seen by … Read more
The buying pressure, indicated by spot volume on the exchanges, pushed the price to $4.50. Signals from the RSI and Funding Rate suggested that CVX could fall below $4 as it was overbought. Convex finance [CVX], the native token of the yield optimizer for various protocols, stunned the market with a 90.85% rally in the … Read more
Significant pay rises for London’s youngest lawyers at elite firms have been criticized by rivals and clients as “insane” and unsustainable, as an improving economic outlook and a spike in dealmaking reignite the city’s war for talent. British ‘magic circle’ firms Freshfields Bruckhaus Deringer, Linklaters, Clifford Chance and A&O Shearman have increased the salaries of … Read more
Above: Emmanuel MACRON, President of France. Copyright: European Union. Pound to euro conversions soared in value on Monday, delivering the best exchange rates for euro buyers in 34 months. The euro is under widespread pressure, with analysts blaming the calling of early elections in France and the apparent success of EU-skeptical parties in the European … Read more
Overview Euro area Annual inflation is expected to reach 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, the services sector is expected to have the highest annual rate in May (4.1%, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The staggering demand for the electricity needed to power next-generation technology is forcing the US to rely on yesterday’s fuel source: coal. Retirement dates for the country’s aging fleet of coal-fired power plants are being … Read more
Stay informed with free updates Simply log in to the Chinese economy myFT Digest – delivered straight to your inbox. Industrial production in China rose more than expected last month, but retail sales grew more slowly, a sign that weak consumer confidence weighed on a recovery in the world’s second-largest economy. Industrial production grew at … Read more