The U.S. economy added only 57,000 jobs in June, missing the expected 115,000 gain, while the unemployment rate fell to 4.2%. The weaker hiring and drop in labor force participation point to a cooling labor market heading into summer.
Job creation has moderated as the economy heads into the summer months.
https://x.com/CNBC/status/2072660319260791197
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Standard Chartered intends to launch digital asset custody services for institutional clients in Singapore. The expansion builds on existing operations in the UAE, Luxembourg and Hong Kong plus the 2025 establishment of a London crypto trading desk.
OKX attracted investment at a $25 billion pre-money valuation from Circle, Ripple, Standard Chartered’s venture arm and Qube Research. The round builds on prior support from Intercontinental Exchange and advances the firm’s tokenized asset and platform expansion plans.
A $110 billion media merger closed Tuesday while Elon Musk regains trillionaire status and former AI researchers issue safety warnings. Investors are watching these developments as markets open higher.
Schneider Electric has agreed to acquire PTC in a $22.6 billion all-cash deal. The transaction strengthens Schneider's industrial software and AI portfolio ahead of expected data-center and automation demand.
OKXICE has notified the SEC of plans to operate nonstop tokenized trading for more than 60 U.S. equities under the Innovation Exemption, with pairs against stablecoins and access limited to verified wallets on XLayer.
