Shares of companies holding bitcoin as treasury assets have plunged deeper than bitcoin itself since last fall, reflecting market skepticism despite recent insider buying and portfolio growth.
President Donald Trump expressed frustration over the stock market’s decline after U.S. job growth far exceeded expectations, questioning the market’s reaction to economic strength.
Wall Street slid as major tech stocks dropped sharply and robust May job growth heightened expectations that the Federal Reserve will raise interest rates later this year.
U.S. employers boosted payrolls by 172,000 jobs in May, doubling forecasts and marking three consecutive months of job growth amid economic uncertainty.
U.S. employers added 172,000 jobs in May while unemployment remained at 4.3%, showing labor market resilience despite rising energy costs linked to the Iran war.
Employment rose significantly last month with stronger job additions and steady unemployment, reinforcing the Federal Reserve’s cautious stance on pausing interest rate cuts.
British Columbia’s employment rose by 25,000 jobs in May, partially recovering losses from earlier this year while the provincial unemployment rate held steady.
U.S. stocks retreated with major tech companies leading losses, while bond yields surged in response to robust May employment figures signaling less likelihood of Federal Reserve rate cuts this year.
Dynasty fantasy managers face crucial buy and sell decisions as some players’ values are set to rise while others may have peaked this season.
The upcoming May jobs report will indicate whether the U.S. economy maintained steady employment gains, with projections pointing to moderate job growth and stable unemployment.
Forward Industries, holding millions in Solana tokens, resumed significant SOL sales as prices dropped, raising fresh questions about the sustainability of altcoin treasury models.
Treasury Secretary Scott Bessent faced fierce opposition in a House hearing, championing Trump’s economic agenda and countering Democratic claims about inflation and rising living costs.