The US job market is a key element in the Fed’s fight against inflation. In August, unemployment increased and wage growth slowed. Rising interest rates are starting to take their toll on jobs and growth, but may help to slow inflation.
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NEW YORK, Sept 7 (Reuters) – The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.
According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company Tesla Inc (TSLA.O), his space tourism company SpaceX, Boring and others intentionally drove up the price of Dogecoin more than 36,000% over two years and then let it crash.
The China Customs Administration (GAC) said China’s crude oil imports fell 9.4% year-on-year in August, due to the closure of state-owned refineries and declining operations at independent refineries. Lower refining margins and declining crude oil purchases led to the closures.