While health care added 62,000 jobs in May, higher than the average monthly gain of 44,000 over the prior 12 months, leisure and hospitality added 48,000 jobs, and social assistance added 16,000.
Major cryptocurrencies declined sharply on Friday, with the total crypto market cap falling 3.77% to $3.18 trillion. Bitcoin (CRYPTO: BTC) maintained a 63.7% dominance, while Ethereum (
Musk, the world’s richest person, saw his net worth drop by roughly $34 billion, as a large portion of his wealth is linked to his electric vehicle company.
Waldron said in a podcast that Goldman Sachs is absorbing a “lot of risk” from its clients, but wherever possible, it is paring risks and staying “a bit closer to home.”
Speaking at a House Appropriations subcommittee hearing on the Commerce Department’s budget, Lutnick said China is trying to copy the United States’ technology.
In a letter to the House and Senate, a group of 260 lawmakers has called out the provisions of the tax bill aimed at restricting AI regulation for 10 years.
Although Griffin acknowledged that prices have been impacted by some liquidity issues in the credit default swaps (CDS) market, he called the conversations surrounding the swap prices “unfathomable.”
