S&P futures turn positive after payrolls data
-U.S. stock index futures slipped on Friday following a sharp overnight rally on Wall Street, as investors braced for a crucial labor market report that could determine the path of interest rates.
March 8, 2024
Read More
Dollar just higher ahead of payrolls; euro hands back some gains
The U.S. dollar edged higher in early European trade Friday, but was still on course for a hefty weekly drop as Federal Reserve Chair Jerome Powell signaled lower interest rates in coming months, while the euro slipped back from recent highs after the European Central Bank meeting.
Oil dips as investors weigh rate cut signals with ample supply
Oil prices dipped on Friday as investors weighed hints of looming interest rate cuts in the United States and Europe against the likelihood of relatively high global supply this year.
Coinbase trading volumes boosted by surge in cryptocurrency prices – Goldman Sachs
A recent surge in digital asset prices to all-time highs has supported increased trading volumes and retail investor participation at cryptocurrency exchange Coinbase (NASDAQ:COIN), according to analysts at Goldman Sachs.
US Senate confirms Republican nominees to FTC
The two Republicans will not change the balance of power at the FTC, which enforces antitrust law and rules against deceptive advertising, and currently has a Democratic chair, Lina Khan, and two Democratic commissioners.