U.S. labor market growth continued to modestly slow in May, but not enough to force a rise in the unemployment rate. Nonfarm payrolls grew 139,000 last month, according to the a report Friday from the Bureau of Labor Statistics. Economist forecasts called for gains of 130,000 and April’s job growth was 147,000 (revised from an […]
DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial. The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for […]
An oversold market and reactions to U.S. tariffs may be a thing of the past with traders now eying new economic data and rate cuts in the coming months — with expectations of a bitcoin bounce in the near term. Crypto markets saw high volatility on Wednesday and Thursday in the run-up to the tariff […]