US Economy
US shutdown and weak jobs data spur record crypto inflows
Investment in digital assets reached a record $5.95 billion last week amid a US government shutdown and disappointing employment figures. This surge pushed total assets under management to $245 billion. Investors turned to cryptocurrencies as a hedge against macroeconomic uncertainty.
US August CPI Rises 2.9 Percent
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The US Consumer Price Index for August 2025 increased by 2.9% year-over-year, as reported on September 11, exceeding forecasts of 2.7% and indicating persistent inflation. This data bolstered expectations for Federal Reserve rate adjustments while easing some economic concerns.
Powerball Jackpot Split by Winners
Missouri and Texas players split a near-$1.8 billion Powerball jackpot. The event occurred on September 7, 2025, marking a significant lottery win.
US August Jobs Report Shows Slowdown
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The US Bureau of Labor Statistics released the August 2025 jobs report on September 5, revealing that employers added only 22,000 jobs, below expectations, while the unemployment rate rose to 4.3%. This data signaled a stalling labor market, boosting expectations for Federal Reserve interest rate cuts. Markets reacted with stocks slipping after initial highs and Treasury yields hitting five-month lows.