Search results for ADP
AI & Enterprise
Apollo says no clear evidence yet AI is cutting jobs
Apollo Global Management chief economist Torsten Slok said there is no evidence so far that AI is reducing jobs. Citing the ADP National Employment Report, he said private-sector employment is still rising and companies are hiring workers needed to adopt AI. He wrote that demand for AI implementation specialists is increasing and data center expansion is pushing up wages for AI talent and prices for semiconductors, equipment and energy.
Crypto
Bitcoin spot ETFs post sixth straight week of net inflows, longest run in nine months
Bitcoin spot exchange-traded funds posted net inflows for a sixth straight week, the longest weekly streak in nine months, Cointelegraph reported. Total net inflows over the period were $3.4 billion, with the strongest week bringing in $996.38 million and the weakest $22.34 million. Flows slowed later in the most recent week, turning to net outflows on Thursday and Friday. Ethereum spot ETFs returned to weekly net inflows of $70.49 million.
Crypto
Bitcoin swings on U.S. economic data; five key turning points this week
Bitcoin is entering a week of major U.S. economic releases, prompting caution that shifting interest-rate expectations could raise volatility. BeInCrypto highlighted five events: ISM manufacturing PMI, ADP private employment report, ISM services PMI, weekly jobless claims and the non-farm payrolls report. Stronger-than-expected readings could reduce expectations for rate cuts and weigh on bitcoin, while weaker data could revive rate-cut hopes and support prices.