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Stephen Miran holds an Economics degree from Harvard University and has worked in the investment and policy space, including serving as a Senior Strategist at Hudson Bay, deeply involved in the post-FTX bankruptcy debt trading.
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Flash
- 14:16Tether and Circle to Discuss Potential Collaboration Opportunities with CEOs of South Korea’s Four Major BanksAccording to a report by Jinse Finance, representatives from Tether and Circle plan to meet with executives from South Korea’s four major financial groups. These executives are expected to discuss potential collaboration opportunities, the issuance of a Korean won-backed stablecoin, and the launch of a US dollar-backed stablecoin in South Korea. Reportedly, Kim Ok-dong, CEO of Shinhan Financial Group, and Ham Young-joo, CEO of Hana Financial Group, have scheduled meetings with the president of Circle on Friday. Ham Young-joo also plans to meet with an executive from Tether on the same day.
- 14:12U.S. stocks open with Nasdaq down 0.3%BlockBeats News, August 21 — At the opening of the U.S. stock market, the Dow Jones fell 0.29%, the S&P 500 Index dropped 0.27%, and the Nasdaq declined 0.3%.
- 14:12Jefferies: Initial Jobless Claims Data Shows No Signs of Rapid Labor Market DeteriorationBlockBeats News, August 21 — Jefferies economist Thomas Simons wrote in a report that initial jobless claims data does not indicate a rapid weakening of the labor market. “The sideways movement in both initial and continuing claims over the past few months suggests that layoff activity remains limited. The ‘no hiring/no firing’ characteristic of the labor market remains firmly in place.” The latest unemployment benefits data corresponds to the reference week for the August nonfarm payrolls report, which will be released in early September. Simons noted that since the July reference week, initial claims have increased by 14,000, but the four-week moving average has actually decreased by about 5,000.