Recession mentions are near a 3-year low for corporate America
While there have been signs of slowing in US economic growth data, corporate America is talking less about the threat of a looming recession.
US workers more glum on compensation and work prospects, New York Fed says
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that as of last month, "satisfaction with wage compensation as well as with non-wage benefits and promotion opportunities at respondents' current jobs all deteriorated." As of July, 56.7% of respondents said they were satisfied with their pay compared to 59.9% who held the similar view in July 2023.
Fabric, Startup Building 'VPU' Chips for Cryptography, Raises $33M
The fundraising, co-led by Blockchain Capital and 1kx, will be used to "build computing chips, software and cryptographic algorithms," the company said.
Chile Economy Contracts for First Time in a Year as Recovery Stalls
(Bloomberg) -- Chile’s economy contracted on a quarterly basis for the first time in a year, marking a significant downturn that bolsters the case for a resumption of interest rate cuts.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitClimate Disasters Are an Affordable Housi
Crypto's Bet on Election Betting Expands to Solana
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists.
Crypto's Bet on Election Betting Expands to Solana
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists.
Oil producer APA explores $1-billion sale of Permian assets, sources say
APA Corp is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion, people familiar with the matter told Reuters. APA, which owns the properties through its Apache subsidiary, is working with investment bankers at RBC Richardson Barr and Truist Securities on the sale process, the sources said, requesting anonymity as the discussions are confidential. The drilling assets are in different sub-sections of the Permian Basin, namely the Northwest Shelf, the Northern Shelf, and the Central Basin Platform in New Mexico and Texas.
