Crypto Briefing·
The decline in small business hiring plans signals potential economic caution, impacting job growth and investor confidence in the near term. The post US small business hiring plans drop to lowest since May 2020 appeared first on Crypto Briefing.
Read full articleUS Treasury sanctions Cuban President Daz-Canel, family members, and military entities under Executive Order 14404, freezing assets and escalating pressure The post US sanctions Cuban President Miguel Díaz-Canel and family appeared first on Crypto Briefing.
The nearing US-Iran nuclear framework could ease regional tensions and influence global diplomatic and market dynamics significantly. The post IAEA chief: US and Iran near nuclear framework agreement appeared first on Crypto Briefing.
Technology companies announced 38,242 job cuts in the US in May 2026, the highest monthly total for the sector since August 2024, according to research by employment placement company Challenger, Gray & Christmas. So far this year the company has observed 123,653 US technology job cuts, a rise of 66 percent from the same period in 2025. These figures represent the third successive month that there has been an increase in job layoffs across all sectors, the company said. “The labor market is being reshaped by technology in real time. AI is now the leading reason companies give for cutting jobs and the primary industry citing it is technology,” said Andy Challenger, chief revenue office at Challenger, Gray and Christmas.” AI was blamed for 38,579 of the 97,006 job cuts announced across all industries tracked by the company. It accounted for 40% of the cuts observed in May, up from 7% in January. This year has already seen some major layoffs in technology. In March, HPE slashed 2,500 jobs
Bitcoin's dip highlights the impact of strong US economic data on cryptocurrency markets, emphasizing the dollar's dominance over riskier assets. The post Bitcoin briefly falls below $60K for the first time since October 2024 appeared first on Crypto Briefing.
Geopolitical tensions highlight vulnerabilities in global oil supply chains, potentially driving sustained higher prices and market volatility. The post OPEC oil production hits decades-low amid US-Iran tensions appeared first on Crypto Briefing.
The strong labor market reduces the likelihood of a Federal Reserve rate cut, impacting future monetary policy and economic stability. The post US unemployment steady in May, jobs exceed expectations appeared first on Crypto Briefing.
The increased odds of a December rate hike reflect market uncertainty and potential shifts in monetary policy impacting economic stability. The post US interest rate futures see December hike odds rise after jobs data appeared first on Crypto Briefing.
Rising jobless claims and sluggish productivity growth may challenge the Fed's rate strategy, impacting economic stability and market dynamics. The post US weekly jobless claims rise to four-month high, productivity revised down appeared first on Crypto Briefing.
