ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies rise after private payrolls saw their biggest decline in more than two years during September, a further sign of labor market weakening that amplifies the data blackout accompanying the U.S. government shutdown. Plus, Blockchain Association CEO Summer Mersinger discusses a letter the association sent to Congressional leaders defending the GENIUS Act stablecoin bill, which was signed into law in July. Source link
Author: usaeverydaylife
A trader works at the New York Stock Exchange on Oct. 1, 2025. NYSEStock futures are little changed Wednesday night after the S&P 500 logged a fresh high and investors appeared to shrug off concerns tied to the latest U.S. government shutdown.Futures tied to the Dow Jones Industrial Average fell 20 points, or 0.04%. S&P futures slipped 0.05%, while Nasdaq 100 futures were also 0.05% lower.The major U.S. stock indexes closed in the green on Wednesday on hopes that the funding stoppage would be brief and therefore limit any serious effects on the economy. The S&P 500 gained roughly 0.3%…
Migrants walk in a caravan during U.S. Presidential election day, in an attempt to reach Mexico’s northern border, in Tapachula, Mexico November 5, 2024. Daniel Becerril | ReutersA group of about 1,200 migrants set out walking before dawn in southern Mexico on Wednesday aiming for the capital where they hoped to legalize their immigration status and find more work opportunities after a long frustrating wait near the Guatemala border.Cubans made up the majority of the migrants, but there were also people from Honduras, Ecuador, Brazil and Haiti.Unlike earlier migrant “caravans” with a goal to reach the United States, Wednesday’s group and others over the past year are…
The stock market has historically brushed off government shutdowns, but an especially acerbic congressional dispute over the latest funding bill could test that track record. The government shut down overnight Wednesday and the stock market wasn’t taking it so well so far. Historically speaking, the stock market has shrugged off funding disputes. In fact, Raymond James found that stocks have risen in five previous government shutdowns, with the S & P 500, MidCap 400 and Small Cap 600 all gaining roughly 3% over those time periods. “Overall equity index performance has been positive in most funding gaps suggesting little evidence…
U.S. House Speaker Mike Johnson, a Republican from Louisiana, from left; Russell Vought, director of the Office of Management and Budget; Senate Majority Leader John Thune, a Republican from South Dakota; and U.S. Vice President JD Vance speak to members of the media following a meeting at the White House in Washington, D.C., on Sept. 29, 2025.Annabelle Gordon | Bloomberg | Getty ImagesThe Trump administration has canceled nearly $8 billion in funding for climate-related projects in primarily Democratic-controlled states, a top administration official said on Wednesday.The move came hours after the same official, Office of Management and Budget Director Russell…
President of Microsoft North America Judson Althoff speaks on stage during We Day at KeyArena in Seattle, Washington, on April 23, 2015.Mat Hayward | Getty ImagesMicrosoft’s top-ranking sales leader, Judson Althoff, has been promoted to a bigger role as CEO of the company’s commercial business.Satya Nadella, Microsoft’s CEO, wrote in a memo on Wednesday that marketing and operations will move under Althoff’s organization. Most of Microsoft’s revenue comes from commercial offerings such as productivity software subscriptions and cloud-based Nvidia chips for running artificial intelligence models.”Our success depends on enabling commercial and public sector customers and partners to combine their human…
Meta continues to execute on its dual mandate of compounding its advertising business while investing for the next wave of growth in AI and hardware. Its ad engine has delivered measurable lifts through AI-driven ranking models and automation, with click-to-message revenue growing more than 40% year over year. Financially, META remains a standout with industry leading margins providing the flexibility to invest heavily in AI infrastructure while sustaining capital returns. Importantly, the company’s new Meta AI glasses mark a potentially disruptive leap in consumer hardware that could rival smartphones in its scale of adoption. With profitability intact, a compelling valuation…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) A new quarter but the same old routine in the markets: A mixed but resilient tape pushing the benchmark index to new highs through persistent momentum in core AI plays, retail-trader favorites and opportunistic rotation into a laggard sector. After bumping up against the 6700 level twice last week, the S & P 500 has poked above it for now. Tesla , Apple and Nvidia added to recent gains, while the lifting of some regulatory threats has driven…
U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.Brandon Bell | Getty Images News | Getty ImagesNASA is requiring employees involved in Artemis missions with contractors SpaceX and Blue Origin to stay on the job during the government shutdown, CNBC has learned.Their work will be unpaid during the shutdown furlough, but employees should record their time, NASA Chief Human Capital Officer Kelly Elliott wrote in an email to staffers on Wednesday. NASA employees are expected…
As geopolitical tensions mount, from Ukraine to Gaza to Iran, nations are pouring greater amounts of money into their defense systems — not just to protect their borders, but also to guard against cyberattacks. Bank of America identified several stocks that are best positioned to profit from the growing defense sector, a new report said. “Developing greater self-sufficiency in strategic sectors such as Energy and Defense is becoming an increasingly important aspect of resilience at the national level,” the BofA analysts said in out Tuesday. “The opportunities across advanced defense technologies, their dual-use applications and the value chain are becoming…
