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“‘Might be in for soft landing after all:’ Retail sales rise more than expected in October” Retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy. The solid retail sales reported…
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…
” Fidelity offers retail investors commission-free BTC and ETH trading “ Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets. According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Dubbed Fidelity Crypto, the new…
” Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12% “ Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the market, its CEO says. The trading platform announced its third-quarter results on…
” Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders “ The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific. Bankman-Fried tweeted his thoughts in response to an idea floated by the Commodities Future…
” Institutional appetite continues to grow amid bear market — BitMEX CEO “ In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum. Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph…
“Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec” A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would…
” Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp “ The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on…
“Bed Bath & Beyond faces leadership void after Gustavo Arnal’s death” Embattled retailer Bed Bath & Beyond needs to move quickly to shore up its executive ranks after the sudden death of its chief financial officer, an expert told The Post on Monday. Gustavo Arnal jumped to his death from the 18th floor of his…
” Crypto’s adaptability, openness key to ideal monetary system, say BIS execs “ Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund…