πŸ“Š Bitcoin shares plummet amid rally

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ“‰ Jobless claims hit lowest since 2022
πŸ’° Mercuria closes $4B credit facility
πŸ“Š Student loan delinquencies impact renters
πŸ“‰ Trump-backed Bitcoin firm sees share plunge
πŸͺ΅ US sawmills face closures amid tariffs
🎁 +8 more stories you might like
πŸ“‰ U.S. Jobless Claims Drop to Lowest Since 2022, Fed Decision Looms Link
  • Unemployment benefit applications fell to 191,000, the lowest since September 2022.
  • The drop complicates the Federal Reserve's decision on interest rates amid mixed economic signals.
  • The labor market remains in a 'low-hire, low-fire' state with historically low unemployment rates.
πŸ’° Mercuria Secures $4 Billion Credit Facility Amid Strong Lender Demand Link
  • Mercuria Energy America closes a $4 billion secured borrowing base facility in North America.
  • The facility was oversubscribed, reflecting strong confidence from a diverse group of 23 banks.
  • Proceeds will support Mercuria's growth and liquidity as it expands its commodities footprint.
πŸ“Š Rising Student Loan Delinquencies Reshape Rental Market Dynamics Link
  • TransUnion reports a doubling of rental applicants delinquent on student loans in early 2025.
  • Property managers face challenges as traditional credit scores fail to predict rental performance.
  • Financial stress from student loans may lead to increased fraud and risky rental applications.
πŸ“‰ American Bitcoin Shares Plummet Despite Crypto Market Rally Link
  • American Bitcoin Corp. shares fell 40% amid heavy trading volume, despite a bitcoin price surge.
  • Speculation surrounds insider selling, although lockup agreements restrict major holders until 2026.
  • The stock's decline contrasts with gains in other crypto-related stocks and bitcoin's rally.
πŸͺ΅ U.S. Sawmills Face Accelerating Closures Amid Tariff Pressures Link
  • U.S. sawmills struggle with closures as tariffs and weak demand squeeze the industry.
  • Trade tensions and retaliatory tariffs have significantly reduced export markets for American lumber.
  • The rise of synthetic wood alternatives further pressures sawmills, impacting the entire supply chain.

Other news & articles you might like

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  • 🌿 Hydrogen pipeline market to grow rapidly (Link)
  • 🀝 Energy firms sign MOU for US projects (Link)
  • πŸ’Έ Denali and Royalty Pharma announce funding deal (Link)
  • ⛴️ General Dynamics signs shipbuilding agreement (Link)
  • πŸ’΅ Meta declares quarterly cash dividend (Link)

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