The U.S. Commodity Futures Trading Commission (CFTC) announced the appointment of Harry Jung as Acting Chief of Staff.
More Americans file for unemployment benefits last week, continuing claims highest in 3 years
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years. Applications for jobless benefits rose by 6,000 to 223,000 for the week ending January 18, the Labor Department said Thursday. Analysts were expecting 219,000 new applications.
Oil prices held down by Trump tariff uncertainty
LONDON (Reuters) -Oil prices were little changed on Thursday, maintaining almost all of the previous session's losses on uncertainty over how U.S. President Donald Trump's proposed tariffs and energy policies would affect global economic growth and energy demand. Brent crude futures were up 18 cents at $79.18 a barrel by 1315 GMT. "Oil markets have given back some recent gains due to mixed drivers," said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.
Crypto Exchange Phemex Investigating Hack Reports as $29M Drained From Hot Wallets
The company's CEO has confirmed that Phemex is "looking into reports" of the hot wallet withdrawals
Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets
The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States was one of the biggest risks to financial markets this year. President Donald Trump has vowed to hit European, Chinese, Canadian and Mexican companies with tariffs, which would likely trigger retaliatory action on U.S. ones. Trump is also rolling back regulation, such as on oil and gas drilling, which is expected to increase economic activity.
Humanoid robots may upend economy, warns Nouriel 'Dr. Doom' Roubini
Noted economist and NYU professor Nouriel Roubini sounded the alarm on the impact of AI on the jobs market.
Mexico’s Inflation Slows as Investors Mull Pace of Rate Cuts
(Bloomberg) -- Mexico’s annual inflation slowed slightly more than expected in early January, keeping in play chances of a bigger interest rate cut at the central bank’s next policy meeting. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 30Billionaire Developer Caruso Slams LA Leadership