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On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the
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Of course, that sounds worrying for financial markets, including crypto, and it is – continued rate hikes will add downward pressure to assets. But more broadly, strong jobs numbers are no bad thing: Mass unemployment is far worse for society than a dreary asset market, at least in the short
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The monthly employment situation report, released by the Labor Department, has become one of the most important economic indicators to watch as the Federal Reserve evaluates the state of the economy. Original Source
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In times of fear of a WWIII, inflation, recession and energy shortage most of the investment instruments suffer substantial losses. Stocks, gold and mostly cryptocurrencies are
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Friday’s Employment Situation report, scheduled for release at 8:30 a.m. by the Labor Department’s Bureau of Labor Statistics, will likely show a similar weakening in the job market, surveys show. According to FactSet, economists expect an increase of 250,000 jobs in September, in a slowdown from the 315,000 reported for
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). After a painful week for the stock market in the U.S., the S&P 500 had its best
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As Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain, DeSo could be the answer. The DeSo Foundation, a new layer-1 blockchain
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As markets experienced some relief yesterday from the persistent sell pressure we have seen, the sea of
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Earlier this year, Kava shook up the L1 industry with its Ethereum Co-Chain launch, sparking the fastest growth of protocols on any blockchain in 2022. Today,
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