• Thursday: ADP Employment, Weekly Unemployment Claims, ISM Non-Mfg Survey

    2 monthes ago - By Calculated Risk

    From Goldman Sachs:
    The details of the trade balance report were similar to our previous assumptions, and we left our Q3 GDP tracking estimate unchanged on a rounded basis at +3.0%. Thursday:
    • At 8:15 AM ET, The ADP Employment Report for August. This report is for private payrolls only. The consensus is for 182,000 payroll jobs added in August, down from 219,000 added in July.
    • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 213 thousand initial claims, unchanged from 213 thousand the previous week.
    • At 10:00 AM, the ISM non-Manufacturing...
    Read more ...

     

  • Goldman Sachs Is Reportedly Backing Off Plans for a Bitcoin Trading Desk

    2 monthes ago - By Fortune

    Goldman Sachs is dropping its plans to open a trading desk focused on cryptocurrencies, Business Insider reported Wednesday.
    Previous reports had indicated that Goldman was hoping to set up a trading desk for bitcoin and other cryptocurrencies by the end of June. Now, Business Insider says, officials at the investment firm realized that more steps would need to be taken for a regulated bank to trade bitcoin, including factors beyond Goldman's control.
    Goldman CEO Lloyd Blankfein has made mixed statements on cryptocurrencies and Goldman. Last fall, he tweeted “Still thinking about Bitcoin...
    Read more ...