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News & Articles By Sterling Ashworth
06/08/2026
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By Sterling Ashworth
Strong U.S. Jobs Report Fuels Expectations of Federal Reserve Rate Hike by Year-End
The Bureau of Labor Statistics reported that nonfarm payrolls added 340,000 jobs in May, exceeding the 180,000 forecast by economists surveyed by Dow Jones. The unemployment rate fell to 3.6% from 3.9% in April, according to the report. “Probably no single economic statistic carries a greater emotional charge than the Labor Department’s monthly report on […]
06/08/2026
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By Sterling Ashworth
Bitcoin Price Dips Below “Fire Sale” Territory, Echoing FTX Collapse
Bitcoin price fell below $62,000 on Thursday, June 4, entering the lowest valuation band on the Bitcoin Rainbow Chart for only the second time since the collapse of the FTX exchange in November 2022, according to a report from Bitcoin Magazine. The Crypto Fear and Greed Index registered 12 out of 100, a reading deep […]
06/07/2026
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By Sterling Ashworth
U.S. Treasury Sanctions Iran’s Nobitex Crypto Exchange Amid Regional Conflict
The U.S. Treasury Department imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of facilitating transactions for Iran’s military, according to a Treasury statement [1]. The action, conducted by the Office of Foreign Assets Control (OFAC), blocks all assets held by the exchange under U.S. jurisdiction and prohibits U.S. persons from engaging in transactions […]
06/07/2026
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By Sterling Ashworth
U.S. Oil Shocks Have Muted Impact on Employment, Fed Study Finds
A new study from the Federal Reserve Bank of Boston has found that oil price shocks add less to inflation than in the 1970s and that their effect on employment has largely vanished. Researchers estimated that a 33% price shock tied to the current war with Iran would add about 1.5 percentage points to inflation […]
06/05/2026
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By Sterling Ashworth
Indian Refiners Freeze Domestic Jet Fuel Prices Amid Supply Concerns
Indian refiners have frozen the price of jet fuel for domestic flights after airlines requested relief from recent fuel price increases, according to a Bloomberg report. In an additional concession, fuel makers also reduced the price of jet fuel for international flights, the report stated, citing unnamed spokespeople from state-owned refiners including Indian Oil Corp., […]
06/04/2026
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By Sterling Ashworth
European Central Bank: Gold Surpasses U.S. Treasuries as Global Reserve Asset
Gold has overtaken U.S. Treasuries as the world’s second-largest reserve asset held by central banks, according to a European Central Bank (ECB) report. Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier, the ECB said. In contrast, U.S. Treasuries fell to 22% from […]
06/02/2026
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By Sterling Ashworth
Gold Drops Nearly 2% as Middle East Tensions Fuel Rate Hike Expectations
Gold fell nearly 2% on Monday – testing the $4,500 per ounce level – according to market data, as renewed U.S. military strikes on Iranian sites intensified expectations that the Federal Reserve will keep interest rates elevated. Three-month futures in New York also dropped, holding just above $4,500 per ounce. Overnight, U.S. forces carried out airstrikes on […]
06/02/2026
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By Sterling Ashworth
Bitcoin ETFs Log Record Ten-Day Outflow Streak
Spot Bitcoin exchange-traded funds (ETFs) recorded net outflows for a tenth straight trading day, setting a new record for the longest withdrawal period since their launch. The outflows, which totaled $2.8 billion over the first nine days alone according to data from Farside Investors, extended into a tenth day as institutional demand for Bitcoin exposure […]
05/31/2026
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By Sterling Ashworth
Copper Tariff Trade Tightens Global Supply
Traders are once again scouring global markets for copper to ship to the United States, as renewed speculation over import tariffs widens the price spread between New York’s Comex and the London Metal Exchange (LME), according to several industry executives. The revived trade is tightening global availability of the industrial metal, with front-month Comex contracts […]
05/31/2026
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By Sterling Ashworth
Bitcoin Hash Rate Flattens as Miners Face AI Squeeze, Fidelity Report Says
Bitcoin’s network hash rate has stalled and mining difficulty has dropped sharply in 2026, signaling that miners are redirecting power and capital toward artificial intelligence (AI) data center workloads, according to multiple industry reports. A mid-year update from Fidelity Digital Assets, as summarized by third-party outlets, describes the year as one of “structural retooling,” where […]
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