Cryptocurrency exchange Binance.US aims to offer prediction markets to customers, Crypto in America journalist and host Eleanor Terrett said in a Wednesday (July 29) post on X, citing Binance.US CEO Stephen Gregory’s comments on stage at Rare Evo: A Blockchain Event. The company plans to submit an application to the Commodity...
Ask what expensive gas does to a household, and you’ll get the familiar answer. It squeezes the budget. Less to spend, more to worry about. An affordability story, and a tired one. For the roughly 60 million hourly workers in the United States, that response...
Consumers in euro area countries perceive and expect significant reductions in inflation, the European Central Bank (ECB) said in a Friday (July 24) press release. The ECB Consumer Expectations Survey for June found that compared with May, median consumer perceptions of inflation over the past...
New government data showed working-class consumers in the United States seeing a bump in pay, The Wall Street Journal reported Thursday (July 23). Economists said improved finances among working-class people at the lower tier of the economy could explain why they’ve upped their spending on...
Initial jobless claims have fallen to their lowest level since 1969, the White House said in a Thursday (July 23) post on X, sharing a link to a Bloomberg article. There were 187,000 initial claims during the week ended Friday (July 18), a figure that...
For decades, the hourly labor market has organized worker pay around the wage itself. Employers compete by adding another dollar per hour, workers compare job postings by headline pay, and policymakers measure economic progress through changes in average earnings. But wages describe only what an...
New Federal Reserve data show consumer credit applications reached a nearly-five-year high in June. In the latest edition of its Survey of Consumer Expectations Credit Access Survey, released Monday (July 20), the Federal Reserve Bank of New York said that the rate of applications for new credit reached its highest...
Weakening consumer expectations for business conditions and a decline in building permits for private housing drove a 0.2% decline in The Conference Board’s Leading Economic Index (LEI) in June, the organization said in a Monday (July 20) press release. While the other eight components of...
Consumer sentiment improved by 10% in early July, marking the second consecutive month of 10% jumps, according to preliminary results for the month from the University of Michigan’s Surveys of Consumers. The Index of Consumer Sentiment was gauged at 54.4, the highest reading since February’s...