Finance

Markets, economy, and industry.

  1. Economy

    U.S. Adds 172,000 Jobs in May; Unemployment Holds at 4.3%

    May nonfarm payrolls rose 172,000 with strong revisions to March–April, leaving unemployment at 4.3% and complicating the Fed’s June policy outlook.

    · #economy #jobs #labor #federalreserve

  2. Financial Markets

    500 Million USDT Transferred From Binance Wallet to Tether Treasury on June 2

    Public blockchain records show a 500 million USDT transfer from a Binance-labeled wallet to Tether Treasury on June 2, part of a recurring pattern.

    · #crypto #tether #binance #stablecoin #ethereum

  3. Financial Markets

    1.35 Million SOL (~$84M) Transferred to Address Labeled 'Coinbase Institutional'

    On June 6, Whale Alert recorded 1,349,999 SOL (about $84M) moved to an address it labels 'Coinbase Institutional', a transaction traders watch.

    · #crypto #solana #coinbase #whalealert

  4. Industry

    Unions Score Late-May Wins Across REI, Netflix Animation, Seattle Hospitals, Nevada State Offices and Weyerhaeuser

    In late May, workers won votes and contracts across retail, entertainment, health care, public sector and timber — from REI to Netflix Animation.

    · #labor #unions #organizing #contracts

  5. Industry

    ECB to Send 'Dear CEO' Letter Urging Banks to Bolster Operational Resilience as AI Use Grows

    ECB will send a sector-wide 'dear CEO' letter urging banks to strengthen operational resilience as AI adoption rises and cyber risks intensify.

    · #ecb #banking #ai #cybersecurity #dora

  6. Financial Markets

    Pension funds retreat from bonds, BIS paper finds

    A BIS study finds pensions globally have reduced bond holdings and increased mutual funds and alternatives, a shift linked to falling local bond yields.

    · #pensions #bonds #mutualfunds #financialstability

  7. Industry

    SEC Proposes Rescinding 2024 Climate-Disclosure Rule, Opens Public Comment

    The SEC proposed on May 29 to rescind its 2024 climate-disclosure rule, shifting the fight from court defense to rulemaking and public comment.

    · #sec #climate #disclosure #rulemaking

  8. Industry

    FTC Sues Amare Global, Accusing Supplement Seller of False Mental‑Health Claims for Children and Deceptive Earnings Promises

    FTC sued Amare Global and three individuals, alleging the MLM falsely promoted supplements as treating depression, anxiety and ADHD in children and misled recruits about earnings.

    · #ftc #supplements #mlm #consumerprotection

  9. Financial Markets

    Citron Founder Andrew Left Convicted on Criminal Securities-Fraud Charges in Los Angeles

    Andrew Left, founder of Citron Research, was convicted by a federal jury in Los Angeles of securities-fraud charges for trading ahead of market-moving posts.

    · $NVDA #citron #andrewleft #securitiesfraud #shortselling #nvda

  10. Industry

    FTC to Allow Ascension’s $3.9 Billion Acquisition of AmSurg Only After Sale of Seven Surgery Centers

    FTC will let Ascension buy AmSurg only if it sells seven ambulatory surgery centers across five U.S. metro areas to preserve local competition.

    · #antitrust #healthcare #ascension #amsurg #ftc

  11. Economy

    Trump Revises U.S. Tariffs on Steel, Aluminum and Copper; Changes Take Effect June 8, 2026

    Trump issued a proclamation refining Section 232 tariffs on steel, aluminum and copper — lowering domestic-content thresholds and adjusting rates; changes take effect June 8, 2026.

    · #trade #tariffs #metals #section232

  12. Financial Markets

    FedEx Completes Spin-Off of Freight Unit; FedEx Freight Begins Trading as FDXF

    FedEx completed the spin-off of its less-than-truckload freight unit, distributing shares to investors and launching FedEx Freight Holding Co. (FDXF) on the NYSE.

    · $FDXF $FDX #fedex #spinoff #freight #stocks

  13. Economy

    ECB's Isabel Schnabel Warns Stablecoins Could Recreate Money-Market Fund Risks

    ECB board member Isabel Schnabel warned in Seoul that stablecoins can mirror money-market fund vulnerabilities and urged tighter rules and settlement in central bank money.

    · #stablecoins #centralbank #ecb #tokenisation #regulation

  14. Financial Markets

    Pseudonymous Wallet Deposits $128.8 Million USDC Into Aave V3 on May 31

    On May 31 a pseudonymous Ethereum address supplied about $128.8M in USDC to Aave V3, following a similar $128.6M transfer four days earlier.

    · #aave #defi #usdc #ethereum

  15. Financial Markets

    CFTC Approves First Bitcoin Perpetual Futures Contract for U.S. Exchange; KalshiEX to List BTCPERP

    The CFTC approved KalshiEX's cash-settled bitcoin perpetual futures contract, the first formal approval for a perp on a CFTC-regulated U.S. exchange.

    · #crypto #bitcoin #cftc #derivatives #kalshiex

  16. Financial Markets

    SEC proposes to rescind 2024 climate-disclosure rule

    The SEC proposed formally rescinding its 2024 climate-disclosure rule, opening a 60-day comment period and seeking to erase the standardized climate-reporting framework.

    · #sec #climate #disclosure #regulation

  17. Financial Markets

    CFTC Staff Says Some Deribit Perpetuals Can Be Treated as Foreign Futures; Coinbase Subsidiary Gets Conditional No-Action Relief

    CFTC staff says Deribit perpetuals may qualify as foreign futures and grants Coinbase Financial Markets conditional relief to post customer crypto as margin.

    · $COIN #cftc #coinbase #crypto #deribit

  18. Financial Markets

    Costco Reports Strong Q3 Results, Sales Up 11.6% as Digital Growth Surges

    Costco posted fiscal Q3 net sales of $69.154B and net income of $2.192B; digitally enabled sales jumped 21.5% and membership fees reached $1.373B.

    · $COST #costco #earnings #retail #stocks

  19. Industry

    STB Accepts Revised Union Pacific–Norfolk Southern Merger Filing, Holds Review in Abeyance

    STB accepted Union Pacific and Norfolk Southern’s revised merger filing for consideration but put the review and environmental study on hold, seeking more info by July 27.

    · $UNP $NSC #rail #merger #transportation #stb