Global TradFi & Macroeconomics

The U.S. oil drilling count declined to 447 in the week of August 28, compared with 452 the prior week, according to energy data.

This week ending August 28, the total number of U.S. oil drilling rigs fell to 447, compared to 452 in the prior week, according to drilling data.

The U.S. oil rig count remained unchanged at 588 for the week of Aug 28, holding steady from the previous week's 588.

U.S. natural gas rig count rose to 132 in the week ending August 28, up from 127 in the previous week, according to energy data.

According to Odaily, Coinbase CEO Brian Armstrong posted on X that the U.S. invented modern derivatives markets but has failed to keep pace with global financial innovation as the world shifts to around-the-clock perpetual contracts. Armstrong urged the U.S. to open stock perpetual futures and

According to CNBC, Marvell Technology shares fell 6% on Friday (August 28) despite beating Q2 earnings expectations, as its raised fiscal 2028 revenue outlook of $18 billion failed to meet elevated investor expectations. The chipmaker reported Q2 revenue growth of 37% to $2.7 billion, beating

US consumer confidence in the economy declined in August compared to the previous month, according to data released by the University of Michigan on local time 28th. The August Consumer Sentiment Index final reading came in at 51.7, representing a 6.3% decrease from July's 55.2. The decline

According to Kitco News, Larry Lepard, Managing Partner at Equity Management Associates, predicted in a recent interview that gold will reach $5,000 to $10,000 per ounce, citing mounting government debt and fiscal constraints that will ultimately force currency debasement. Lepard argued that

According to University of Michigan, the U.S. consumer sentiment index for August came in at 51.7, down 6.3% from July's 55.2. The current economic conditions index declined to 51.9 from 54.8, while the consumer expectations index fell to 51.5 from 55.4. Joan Chow, the university's consumer survey d

According to Copper Giant Resources Corp., on Thursday, directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent (CuEq) at its Mocoa flagship project in southern Colombia. The interval, which began 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a

According to BlockBeats, on August 29, Federal Reserve Governor Goolsbee stated that inflation caused by overheated demand is difficult to resolve, and inflation persistence has exceeded expectations. He emphasized that monitoring whether inflation remains temporary remains the key focus,

LME metals futures closed with mixed movements on August 28. Copper gained $12 to $14,294 per ton, while aluminum rose $8 to $3,242. Zinc, lead, nickel, and tin all declined, with zinc down $1 to $3,883, lead falling $10 to $1,906, nickel dropping $17 to $16,861, and tin losing $131 to $55,223 per t

Grayscale CEO Peter Mintzberg announced that the cryptocurrency market's prolonged crypto winter is nearing its end, citing significantly increased institutional investor interest in digital assets. In an opinion piece published in Fortune, Mintzberg attributed the market's recovery to the more

The U.S. oil rig count for the week ending August 28 is set to be announced in approximately 10 minutes.

According to Washington Post, the United States will hold stakes in 17 oil fields in Venezuela.

The U.S. dollar rose 0.5% against the Japanese yen today (August 28), reaching 160.19.

According to CNBC, on Thursday, August 28, Salesforce shares soared almost 23%, marking their best day since 2020 and second-biggest jump since the company went public in 2004. The rally erased most of the stock's loss for the year, though shares remain down about 5%. Investors responded to the com

According to the U.S. Department of Labor, announced on August 28, the benchmark for annual nonfarm employment through March 2026 was revised downward by 79,000 jobs, or 0.1%. The revision reflects quarterly employment data collected through the Quarterly Census of Employment and Wages (QCEW). By i

U.S. stock futures showed mixed performance early Friday, with Nasdaq futures falling 0.3% and S&P 500 futures flat as of 4:30 a.m. ET, while Dow and Russell 2000 futures rose 0.1%. Investors digested Nvidia's blockbuster earnings-fueled rally that added roughly $453 billion in market cap on

Charles Schwab announced Thursday plans to add Solana, Avalanche, and Chainlink to its crypto trading platform in the coming months, expanding beyond Bitcoin and Ethereum. The financial services giant did not provide a specific launch date for the three new cryptocurrencies. Schwab began rolling