Bitcoin jumps 2% on weaker-than-expected jobs report, XRP is up 6%
The U.S. added fewer jobs than expected in January, increasing the likelihood of Fed interest-rate cuts.
News
US Airports Expected to Turn to Muni Debt If Federal Grants Wane
(Bloomberg) -- US airports may turn to the municipal bond market for financing if federal funding for infrastructure is rolled back as part of President Donald Trump’s push to cull government spending. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Tax
Central banks grapple with uncertainty in 2025's foggy economic landscape
The first central bank interest rate moves of 2025 suggest it will be a year where some important heavyweights, in both the developed and emerging parts of the world, travel in different directions for a while. Among the G10 central banks which oversee the world's most heavily-traded currencies, three of the four that met last month - Sweden, the ECB and Canada - continued their cutting cycles, while Japan, where rates hardly ever go up, hiked for the second time in less than a year. The U.S. Federal Reserve and Norway's Norges Bank both sat on their hands, while Australia, New Zealand and Switzerland didn't hold meetings.
Automakers urge USDOT to quickly restart federal EV charging program
WASHINGTON (Reuters) -A group representing automakers and electric vehicle charging companies on Friday urged the U.S. Transportation Department to quickly restart a $5 billion government EV infrastructure program. On Thursday, the Trump administration said it was suspending the electric vehicle charging program and rescinding approval of state EV charging plans pending a new review. The Electric Drive Transportation Association, whose members include General Motors, Toyota, BorgWarner, EVGo, Stellantis, Walmart and others, said it urged the Trump administration "to quickly resume the critical work of the program and minimize uncertainty for states and their businesses, who have invested in infrastructure to serve local and national goals for advanced transportation."
Jobs report shows a hiring slowdown as companies are acting like ‘they’re in a recession’
The US economy kicked off 2025 by adding 143,000 jobs in January, fewer than expected; but the unemployment rate dipped to 4%, according to data released Friday by the Bureau of Labor Statistics.
Kugler Says Fed Should Keep Rates on Hold for ‘Some Time’
(Bloomberg) -- Federal Reserve Governor Adriana Kugler said it’s appropriate to keep the Fed’s benchmark interest rate where it is for some time, given a stable labor market, limited progress on inflation in recent months and uncertainty over the outlook for fiscal and trade policy.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeCitadel to Leave Namesake Chicago Tower as Employees RelocateSin puente y sin metro: el nuevo aeropuerto de Lima es una debac
US drillers add oil and gas rigs for second week in a row, Baker Hughes says
U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 37 rigs, or 6% below this time last year. Baker Hughes said oil rigs rose by one to 480 this week, while gas rigs increased by two to 100.