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The Hill’s Morning Report — All eyes on Georgia, Nevada and Arizona Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
” Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1B “ Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sets new two-year low Data from Cointelegraph Markets Pro and TradingView revealed carnage…
” Crypto no more in top 10 most-cited potential risks: US central bank report “ While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United…
“Your wallet is telling you how to vote on Nov. 8” In case you had any remaining doubts about the state of the economy before Election Day, Friday brought the worst jobs report of the Biden era. America added 261,000 jobs in October, the second-fewest since the bounceback from COVID began. And unemployment rose to…
Here are the industries that added the most jobs in October — and the ones falling behind The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is down slightly from September but still well above economists’ predictions of a 190,000-job gain. Despite high inflation, rising interest rates, slowing…
“Biden is gaslighting Americans about his failed presidency” The Biden Administration will be known to history for many things: an open border and its deadly consequences, the abandonment of Afghanistan, weakness that led to catastrophe in Europe, skyrocketing inflation, and the use of federal law enforcement to target political opponents. The catalog of infamy goes…
” Inflation is killing us; cryptocurrency alone cannot beat it “ Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz…
Economy adds 261K jobs in October, unemployment ticks up The U.S. added 261,000 jobs in October and the unemployment rate rose slightly to 3.7 percent, according to data released Friday by the Labor Department. Economists expected the U.S. to add roughly 190,000 jobs last month and keep the unemployment rate steady at 3.5 percent, according…
” Moonvember kicks off with sweeping staff layoffs across crypto “ The crypto and tech industry has seen a slew of staff cuts this week against a backdrop of difficult market conditions, though on a positive note, some are bucking the trend. Crypto companies, including crypto exchanges, venture capital firms and blockchain developers, have been…
“Hyperinflation could cause worst economic crisis since WWII, fund warns” The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present…