Goldman Sachs has reduced the likelihood of a U.S. recession in the coming year to 15%. This revision follows a strong employment report for September. What Happened: The Labor Department’s figures showed that U.S. job growth reached its highest level in six months, with unemployment dropping to 4.1%. This shift has changed the labor market narrative, according to Goldman Sachs...

(Reuters) - Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data. U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, the Labor Department reported on...

In a recent development, David Roche, a strategist at Quantum Strategy, has raised alarms over the Federal Reserve’s decision to slash interest rates by 50 basis points. What Happened: Roche argues that the rate cut gives a misleading impression of economic weakness, despite strong employment data, CNBC reported on Monday. “The U.S. economy in contrast to Europe or Japan is...

Bitcoin (CRYPTO: BTC) has seen a notable increase of 1.08% over the past 24 hours, approaching the $64,000 mark. This surge is attributed to positive U.S. employment data and the anticipated reduction in interest rates. What Happened: The cryptocurrency is currently trading at $63,526, recovering from a recent dip near $60,000 last Thursday. This rebound aligns with the U.S. monthly...