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Non-farm payrolls benchmark revisions trimmed employment by 79K jobs

Last year at this time there was some serious hand-wringing about a non-farm payrolls benchmark revision that saw 911K jobs cut from payrolls. For the latest edition, the consensus was +183K jobs but instead, employment fell by 79K jobs for the year ending in March. That's an average of 6.6K jobs per month lost and…

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Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC

Bitcoin Magazine Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company, has raised €21 million ($24 million) in a private placement backed by Blockstream’s Adam Back and asset manager TOBAM — money it says could…

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Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs

According to Circle, the USDC stablecoin name will appear on the front of club jerseys for Chelsea’s upcoming football season.

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Solana validators approve proposal to accelerate SOL disinflation

The approved proposal doubles Solana’s annual disinflation rate from 15% to 30%, reducing future SOL issuance while leaving its long-term inflation target unchanged.

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Wars trigger $12bn venture capital rush into defence tech

Funding this year has already surpassed 2025 total as soaring valuations fuel fears of a hype cycle

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US and Iran hold crunch talks in Switzerland

Negotiations aimed at reaching permanent end to war will initially focus on Israeli-Hizbollah conflict in Lebanon

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Back-stabbing myths are driving the US and Europe further apart

Competing narratives of abandonment — from Iran to Greenland — could lead to Nato’s permanent unravelling

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Warsh’s push to axe Fed guidance may lift US borrowing costs, investors warn

Traders see more volatility ahead as new central bank chair declines to give dot plot on future path of interest rates

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Rahm Emanuel says Trump ‘got schooled’ by Iran in bad ceasefire deal

Possible Democratic presidential candidate describes war as historic ‘American national security mess’

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Italy May services PMI 49.4 vs 49.1 expected

Prior 49.8 Composite PMI 50.4 vs 50.5 prior Key findings: Italian service providers face strongest cost pressures since start of 2023 Business activity falls for third month running New business back in contraction Rate of cost inflation hits 40-month high Comment: Eleanor Dennison, Economist at S&P Global Market Intelligence: "The Italian…

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