Latest news with #RocketFuel
Time of India
2 days ago
- Business
- Time of India
Fed likely to leave rates unchanged as US job market cools but doesn't crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates , and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance. The Labor Department 's monthly employment report showed the unemployment rate held steady at 4.2% last month. Employers added 139,000 jobs, which combined with downward revisions to prior months' estimates showed a cooling in labor demand but nothing abrupt; by comparison, job gains averaged 160,000 last year. U.S. President Donald Trump ratcheted up his calls for rate cuts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Killer New Honda CR-V Is Utter Perfection (Take A Look) SneakerToast Undo "Go for a full point, Rocket Fuel," Trump said in a post on Truth Social that urged the Fed to lower rates by 100 basis points. The president added that the Fed could simply increase rates again if inflation reignited. But the latest job growth reading is already giving Fed policymakers more comfort about holding the U.S. central bank's policy rate steady as they watch to see how higher import tariffs affect the economy. Live Events It "was a solid report and I was pleased with it," Philadelphia Fed President Patrick Harker told CNBC, adding that now was the time for the Fed to hold policy steady. Fed officials have telegraphed that they intend to do just that at their June 17-18 policy meeting. Financial markets have been betting the Fed will wait until September to cut rates and will deliver a second reduction in borrowing costs by December; after the jobs report they trimmed their bets on a possible third rate cut by the end of this year. "Continued strength in the jobs number provides further support for the Fed's patience," said Scott Helfstein, Global X's head of investment strategy. "The Fed is likely to remain on hold through the end of summer to see how tariff negotiations proceed and ensure prices are stabilizing." Analysts said they expect more softening ahead in the labor market as higher import levies and government policy uncertainty strain economic growth. Job gains in May were concentrated in a narrowing range of industries, including healthcare, and manufacturing lost jobs in its worst showing since January, the employment report showed. The workforce shrank by the most in 17 months. Fed policymakers, however, have signaled they are disinclined to act preemptively to cushion any emerging weakness in jobs, especially with higher tariffs seen likely to also push up prices and potentially reignite inflationary pressures. The takeaway on the labor market for the Fed, said Krishna Guha, vice chairman of Evercore ISI, is that, "given the lack of any serious cracks to date, the risk of waiting several more months to learn more with policy in a modestly restrictive posture looks low."
Business Times
3 days ago
- Business
- Business Times
Fed likely to leave rates unchanged as US job market cools but doesn't crumble
[WASHINGTON] Federal Reserve policymakers have already signalled they are in no rush to cut interest rates, and a government report on Friday (Jun 6) showing the labour market is far from crumbling amid big trade policy changes only cements that stance. The Labor Department's monthly employment report showed the unemployment rate held steady at 4.2 per cent last month. Employers added 139,000 jobs, which combined with downward revisions to prior months' estimates showed a cooling in labour demand but nothing abrupt; by comparison, job gains averaged 160,000 last year. The latest job growth reading is going to give Fed policymakers more comfort about holding the US central bank's policy rate steady as they watch to see how higher import tariffs affect the economy, analysts said, even as US President Donald Trump ratcheted up his calls for rate cuts. 'Go for a full point, Rocket Fuel,' Trump said in a post on Truth Social that urged the Fed to lower rates by 100 basis points. The president added that the Fed could simply increase rates again if inflation reignited. Fed officials have telegraphed that they intend to hold rates steady at their Jun 17 to Jun 18 policy meeting. Financial markets have been betting the Fed will wait until September to cut rates and will deliver a second reduction in borrowing costs by December; after the jobs report they trimmed their bets on a possible third rate cut by the end of this year. 'Continued strength in the jobs number provides further support for the Fed's patience,' said Scott Helfstein, Global X's head of investment strategy. 'The Fed is likely to remain on hold through the end of summer to see how tariff negotiations proceed and ensure prices are stabilising.' Analysts said they expect more softening ahead in the labour market as higher import levies and government policy uncertainty strain economic growth. Job gains in May were concentrated in a narrowing range of industries, including health care, and manufacturing lost jobs in its worst showing since January, the employment report showed. The workforce shrank by the most in 17 months. Fed policymakers, however, have signalled they are disinclined to act preemptively to cushion any emerging weakness in jobs, especially with higher tariffs seen likely to also push up prices and potentially reignite inflationary pressures. The takeaway on the labour market for the Fed, said Krishna Guha, vice-chairman of Evercore ISI, is that, 'given the lack of any serious cracks to date, the risk of waiting several more months to learn more with policy in a modestly restrictive posture looks low.'
Bloomberg
3 days ago
- Business
- Bloomberg
Trump Pressures Fed's Powell to Cut Rates ‘A Full Point'
By Updated on Save President Donald Trump urged the Federal Reserve to cut rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell. ''Too Late' at the Fed is a disaster!' Trump posted Friday on social media, using a derisive nickname for Powell. 'Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!'
Associated Press
25-03-2025
- Business
- Associated Press
Rocket Launcher Boosts User Engagement with Rocket Fuel Points and Referral Program
03/25/2025, London, UK // KISS PR Brand Story PressWire // Rocket Launcher, the leading platform for seamless meme coin creation and launch on Solana, unveils the Rocket Fuel system — an innovative rewards mechanism designed to enhance user engagement and participation. The Rocket Fuel system allows users to earn points by completing actions on the platform. These points can be accumulated and the ones who have them will be qualified for airdrops. Additionally, Rocket Fuel points can enable users to vote for the free launch of generated memecoins, adding an interactive and gamified element to the ecosystem. Every 48 hours, Rocket Launcher holds a community vote, allowing users to bring their favorite tokens to life. The top-voted token is launched for free, with 1% of its supply allocated directly to its creator—ensuring that community-driven projects get the recognition and momentum they deserve. Expanding on its commitment to rewarding participation, Rocket Launcher is launching a referral program, providing users with even more opportunities to earn Rocket Fuel points. Participants can invite friends to join the platform and instantly receive 500 Rocket Fuel for each successful referral. Additionally, referrers earn 10% of the Rocket Fuel accumulated by their invitees. Upon registration, new users who sign up through a referral will also be rewarded with 100 Rocket Fuel. 'Rocket Launcher is all about creating engaging and rewarding experiences for our users. With the Rocket Fuel system and referral program, we are creating an ecosystem where participation and contribution are continuously incentivized,' said Wasabi, CEO at Rocket Launcher. Rocket Launcher is the ultimate tool for effortlessly launching your memecoin. For just 0.001 SOL, you can generate an idea and an image, then launch it in just a few clicks on Raydium — no coding or complex setup required. Your token goes directly to Raydium, skipping bonding curves, with 0 SOL needed for liquidity pools thanks to our v3 liquidity pools. Plus, memes are generated based on top-performing meme coins, ensuring you're always on-trend. Available now on Solana, Rocket Launcher makes launching a meme coin as easy as saying pump. Media Contact
Gulf Business
06-02-2025
- Business
- Gulf Business
LEAP unveils $1m prize pool for Rocket Fuel 2025 startup competition
The fourth edition of LEAP, Saudi Arabia's technology event, is set to host the annual Rocket Fuel Startup Pitch Competition. The semi-finalists will consist of 120 startups from 40 sectors and 31 countries. Each will meet criteria related to development stage, industry focus, funding, and location, and will pitch to a panel of venture capitalists and industry leaders. Competing across six categories, 12 startups will advance to the Grand Finale on 12 February, where winners will be announced. The competition includes six awards, recognising innovation, market potential, team strength, business model, and societal impact. The overall 'LEAP Award,' with a prize of $250,000, will go to the top startup across all sectors. Other category winners will receive $150,000 each. The 'Shooting Star' Award will go to a high-potential early-stage startup, while the 'Scaling Star' Award will recognise a growth-stage venture. The 'Tech for Humanity' Award will acknowledge a startup focused on social impact. The 'Into New Worlds' Award will go to a startup with transformative potential, while the 'LEAP Landing' Award will be given to a high-growth international startup entering the Saudi market. In addition to Rocket Fuel, international and Saudi-based investment firms will attend LEAP 2025. Saudi firms include STV, Wa'ed Ventures, and Jada Investments, while international firms include UBS, Morgan Stanley, SC Ventures, and The Carlyle Group. The event will feature speakers from General Atlantic, PIF, Scrum Ventures, Mantis, Mindvalley, and LeapFrog Investments. The Investor Stage will cover themes related to technology investment, including sustainable finance, global collaborations, and leadership in venture capital. The Rocket Fuel Pitch Competition is sponsored by Saudi Arabia's National Technology Development Program (NTDP). Four judges have been confirmed for the finale: Ahmed El Alfi, Founder & Chairman at Sawari Ventures; Vusi Thembekwayo, CEO of MyGrowthFund Venture Partners; Lateefa Alwaalan, Managing Director of Endeavour Saudi; and Connie Chan, Board Partner at Andreessen Horowitz. Michael Champion, CEO of Tahaluf, which co-organises LEAP with the Saudi Ministry for Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), highlighted the competition's role in fostering innovation and investment in startups. 'Successful startups drive innovation, create jobs, and contribute to economic growth. Rocket Fuel showcases Saudi Arabia as a hub for startups and investors. Past winners have leveraged their recognition to expand globally,' said Champion. Beyond Rocket Fuel, LEAP 2025 will offer mentorship and networking opportunities for startups. The pre-conference Founders Bootcamp will provide training on refining pitches and business strategies. An estimated 680 startups will attend, connecting with over 2,000 investors through LEAP 2025's AI-powered matchmaking service. Additional opportunities include mentorship sessions and the Ecosystem Xchange, which will facilitate private meetings and networking events hosted by partners such as Carta, Angel School, and Google Cloud. LEAP 2025 will take place from 9-12 February at the Riyadh Exhibition and Convention Centre, Malham.
