[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"0511eabc-7cfc-4c92-aae6-786492d3dc27","updated_at":"2023-09-05T04:57:52.384947+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Exploring August's financial landscape, this article covers stock market fluctuations, Treasury yields, real estate trends, manufacturing insights, and cryptocurrency market dynamics. Top crypto gainers today: MKR, TON, MNT, EOS, MX","sapo":"Anticipate a news-packed day leading up to Labour Day: expect the PMI release, PCE data, initial jobless claims, and insights into residential loans. Stocks close positively, while the crypto market showcases fluctuations. Take note of the crypto market's top gainers: Maker, TonCoin, Mantle, EOS, and MX Token.","title":"Top Financial News Today Thursday August 31, 2023","content":"

Top stock news:

Stock indices had a mixed end to August's trading. The Nasdaq 100 (NDX) rose by 0.25%, while the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) fell by 0.16% and 0.49% each.
The U.S. 10-Year Treasury yield fell to 4.1%, a 2 basis point drop. The Two-Year Treasury yield also decreased, hovering near 4.86%.
After eight quarterly drops, Q2 saw a 21% surge in residential loans due to stable mortgage rates and increased home-buying, totaling $494B.
The U.S. Chicago Purchasing Managers Index (PMI) showed a manufacturing sector reading of 48.7 in August, exceeding the expected 44.1 and improving from July's 42.8, while marking twelve months of contraction and a downtrend since May 2021's peak of 75.2.

***1697278900584219059***

July's inflation data showed core PCE up 0.2%, annualized at 4.2%, exceeding the Fed's 2% target, while initial jobless claims dropped to 228,000, though those claiming benefits rose to 1.73 million.

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Top crypto news:

Amid Bitcoin (BTC) 's headwinds due to SEC approval delays, meme coin Shiba V Pepe (SHEPE) is gaining momentum, amassing 1.91K holders within 3 days of launch.
The U.S. District Court in New York dismissed a class-action suit against Uniswap Labs, Andreessen Horowitz, and others. The suit alleged securities violations on the Uniswap decentralized trading platform.

***1697207377362092470***

New zero-knowledge proof (ZK-proof) technology aims to enhance access and verification of historical data on the Ethereum blockchain, addressing usability issues linked to deep chain validation.
A crypto mining company, Stronghold Digital Mining, based in Pennsylvania, is exploring the use of tire burning to generate bitcoin, sparking concerns from local residents and environmental organizations.
A new malware named Infamous Chisel targets cryptocurrency wallets on Android devices, raising significant security worries for cryptocurrency users. This malware was found to be harvesting sensitive information through the Tor network.

***1697251694273552894***

Top 5 crypto gainers today:

1. Maker (MKR)

MKR traded up in 24 hours. Maker plans SubDAOs in Korea and will sponsor the Ethereum Conference there from September 1-3 through the spark protocol.

***1696313464623337817***

2. TonCoin (TON)

The price of TonCoin rose to $1.7024, marking a 24-hour increase of 1.24%.

3. Mantle (MNT)

MNT's rise was supported by Mantle's ecosystem progress, AMAs, and the launch of Mantle Journey, attracting over 5,000 users and likely influencing the price increase.

***1696519276172292259***

4. EOS (EOS)

EOS's price increased on news of whitelist approval by Japan's JVCEA, a step forward in its adoption journey.

***1696768464726208770***

5. MX Token (MX)

MX Token's price jumped by almost 2% to $2.86, marking a remarkable annual price change of 252%, making it the top performer in terms of growth.

","tags":[{"tag":{"tag":"stocks","id_tag":"stocks"}},{"tag":{"tag":"News","id_tag":"news"}},{"tag":{"tag":"cryptocurrency","id_tag":"cryptocurrency"}}],"image":{"fileName":"Top financial news august 31.png"}}]

Top Financial News Today Thursday August 31, 2023

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