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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Kalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation. The round would nearly double its May valuation while the company reports $4 billion in annualized revenue and eyes a 2027 IPO.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding three crypto-income ETFs that use derivatives rather than direct holdings. The deal expands Goldman's active ETF business to roughly $80 billion and is expected to close in Q1 2027 pending regulatory approval.
Riot Platforms shares rose more than 20% in pre-market trading after the bitcoin miner entered a $9.1 billion, 20-year agreement to supply Anthropic with 191 megawatts of AI computing capacity at its Texas site. The transaction underscores the sector’s transition toward stable revenue streams from AI infrastructure.
