The post United States: Participation drop masks slack – ABN AMRO appeared on BitcoinEthereumNews.com.
ABN AMRO’s Rogier Quaedvlieg highlights that US labour-market conditions are weaker than headline unemployment suggests, as rapidly declining participation is holding the rate down. He notes that payroll growth has slowed sharply, household employment is falling, and only a small part of the participation drop is demographic. Behavioural withdrawal, especially among older and younger workers, risks a quick rise in unemployment if job creation stays weak. Participation tailwind hides labour slack “Payrolls slowed sharply in June, confirming our earlier warning that frontloaded hiring would likely be followed by payback.” “Last week’s labour-market report delivered the kind of payroll print we warned about in our global monthly, even if the timing was earlier than expected.” “Despite the weak household employment numbers, the unemployment rate has remained stable and has even declined,
The post Top 2028 NBA Draft Prospect Nikola Kusturica Signs With UCLA appeared on BitcoinEthereumNews.com.
ISTANBUL, TURKEY – JULY 05: Nikola Kusturica #25 of Serbia shoots over Beckham Black #12 of United States during the FIBA U17 Basketball World Cup Final game between United States and Serbia at BDC Main Venue on July 05, 2026 in Istanbul, Turkey. (Photo by Naeime Mastizade/FIBA via Getty Images) FIBA via Getty Images In recent years, UCLA men’s basketball coach Mick Cronin has been vocal and critical about changes to the sport such as Name, Image and Likeness and the transfer portal. Still, Cronin has adapted and looked everywhere for players, including overseas. On Thursday, the Bruins signed Nikola Kusturica, a 6-foot-9 guard from Serbia and the best international prospect Cronin has landed since arriving at UCLA in 2019. Kusturica, who turned 17 on April 30, agreed to a multiyear deal with the Bruins, per ESPN’s Jeff Borzello, who reported Kusturica also considered Kentucky, Mi
The post Australian Dollar firms as US Dollar softens appeared on BitcoinEthereumNews.com.
AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, suggesting that layoffs remain limited. However, the Greenback failed to gain strong traction as the broader US Dollar Index (DXY) slipped for a second straight session, while markets continued to assess geopolitical risks and the Federal Reserve’s (Fed) policy outlook. China also remains a key driver for the Aussie, given Australia’s strong trade exposure. China’s Producer Price Index (CPI) report, released late Wednesday, showed a 4.1% YoY rise in June, the fastest pace in four years, while China’s Consumer Price Index (CPI) slowed to 1% YoY, highlighting stronger f
The post Karolina Muchova And Linda Noskova Continue Czech Wimbledon Pipeline appeared on BitcoinEthereumNews.com.
LONDON, ENGLAND – JULY 09: Karolina Muchova of Czechia acknowledges the crowd following victory over Coco Gauff of United States during their Ladies’ Singles semifinal match on day eleven of The Championships Wimbledon 2026 at All England Lawn Tennis and Croquet Club on July 09, 2026 in London, England. (Photo by Matthew Stockman/Getty Images) Getty Images Karolina Muchova defeated Coco Gauff 6-2, 1-6, 7-6 (10) in an epic match to reach her first Wimbledon final. In the second women’s semifinal, Linda Noskova defeated Marta Kostyuk 6-4, 6-4 to set up an all-Czech final and continue the country’s brilliance at the All England Club. It was the first trip to the semifinals for Gauff and Muchova. Muchova’s win over Gauff was her 10th straight on grass. Muchova, 29, is in her second Major final. She reached the final of the 2023 French Open, where she lost to Iga Swiatek. Nosko
The post Japanese Yen rises as US jobless claims fail to support US Dollar appeared on BitcoinEthereumNews.com.
USD/JPY trades lower near the 162.30 area on Thursday, retreating from recent highs as the Japanese Yen (JPY) recovers some ground. The US Dollar (USD) fails to receive support from stronger-than-expected United States (US) labor market data. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, while the four-week average eased to 218.75K from 222.5K. The data suggests that layoffs remain limited, helping the Greenback avoid deeper losses. However, Continuing Jobless Claims rose slightly to 1.814 million from 1.806 million, showing that workers are taking longer to find new jobs. In Japan, attention turns to the June Producer Price Index (PPI) set to be released early on Friday. The monthly reading is expected to rise 0.3%, slowing from 0.9% previously, while the annual figure is expected to accelerate to 6.8% from 6.3%. Stronger producer
The post US Dollar: Tariff passthrough keeps inflation pressure alive – BNY appeared on BitcoinEthereumNews.com.
BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy. Nearly half of tariff-paying companies expect further hikes, with gradual pricing and fixed contracts extending adjustment and complicating disinflation. Tariffs extend U.S. inflation timeline “The New York Fed said in its July 8 Liberty Street Economics post that more tariff passthrough still lies ahead for many U.S. firms. Drawing on regional business surveys, the institution reported that nearly half of firms that pay tariffs directly are still planning further price increases, with some expecting to raise prices six months or more from now.” “It said roughly 47% of service firms and 44% of manufactu
The post Australian Dollar rises as US Dollar softens, tensions in focus appeared on BitcoinEthereumNews.com.
AUD/USD trades around 0.6940 on Thursday at the time of writing, up 0.16% on the day, as the weaker US Dollar (USD) supports the pair despite persistent tensions in the Middle East. Investors continue to view the latest exchange of attacks between the United States (US) and Iran as an attempt by both sides to strengthen their negotiating positions ahead of a potential return to peace talks, limiting demand for safe-haven assets for now. The US Dollar remains under pressure on Thursday, with the US Dollar Index (DXY) down 0.11% near 100.95 at the time of press. The Greenback struggles to benefit from stronger-than-expected US economic data, as the US Department of Labor reported that Initial Jobless Claims fell to 215K in the week ending July 4, down from 217K previously, while Continuing Jobless Claims edged up slightly to 1.814M. The US Dollar also remains weighed down by the
The post Supreme Court Crypto Regulation Expands Presidential Powers appeared on BitcoinEthereumNews.com.
A landmark Supreme Court ruling that hands President Donald Trump sweeping new powers over independent federal agencies is now casting a long shadow over crypto regulation in the United States — and the timing could hardly be more consequential. Key takeaways The Supreme Court ruled 6–3 to expand the president’s authority to remove leaders of independent federal agencies, with the Federal Reserve as the sole exception. The SEC currently operates with three Republican commissioners, while the CFTC has only one: Chair Michael Selig. Experts warn that thinned-out commissions produce less durable rules that future administrations can more easily reverse. The Administrative Procedure Act still governs rulemaking, meaning rules passed by a single commissioner carry full legal force if the APA is followed. Trump’s financial disclosure revealed hundreds of billions of dollars in bitcoin an
The post British Pound elevates despite firm US claims appeared on BitcoinEthereumNews.com.
GBP/USD trades higher near the 1.3400 area on Thursday, as the US Dollar (USD) fails to find support from stronger-than-expected United States (US) jobless claims data and hawkish signals in the latest Federal Open Market Committee (FOMC) Minutes. United States (US) Initial Jobless Claims fell to 215K, below expectations of 218K and the previous revised 217K, while the four-week average eased to 218.75K from 222.5K. However, Continuing Jobless Claims rose slightly to 1.814 million from 1.806 million, suggesting that while layoffs remain limited, workers are still taking longer to find new jobs. The Greenback also remained supported after the FOMC Minutes showed that policymakers were divided on the inflation outlook, with some officials seeing a case for tighter policy if price pressure remains elevated. A few Fed officials reportedly saw a case for a rate hike at the June meeting, reinforcing t
