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The issuer of the USDC stablecoin (a coin with an exchange rate pegged to the dollar) laid off about 5% of its employees and spent $9.1 million on it, even though net profit for the quarter grew. The reduction is mentioned in a footnote to the third-quarter report.
The US Department of Labor reported: for the week ending October 17, initial jobless claims totaled 194K versus the expected 200K. This is one of the lowest levels in recent months, and the dollar immediately recovered part of its recent decline.
Initial jobless claims in the US came in at 197K versus a forecast of 200K. The market read the data as a signal of no mass layoffs: government bond yields rose, while US indices moved lower.
Today at 15:30 MSK, the US publishes the September employment report. The market expects about +90 thousand new jobs and unemployment at 4.1%, but heightened attention will be on wages amid a sharp rise in US bond yields.
In August, the number of job openings in the US declined to 7.079 million versus the expected 7.225-7.230 million. At the same time, hires and layoffs remained nearly unchanged.
