Bitcoin Futures Go Live at the CME, and Congress Calls for a Disney Hearing
A week after contracts on the cryptocurrency began trading at the CBOE, the much larger derivatives exchange, the CME, launches its own version. Interest in Bitcoin and other digital assets has risen exponentially this year, with prices approaching $20,000 over the weekend.
Plus days after Disney announced its $52 billion acquisition of Fox, Democratic leaders in Congress are calling for a hearing, raising antitrust concerns. The legislators saying a deal would concentrate too much box office power in one company.
And a judge made public a letter from a former Uber employee which accuses former executives of espionage and bribery. Stitch Fix is getting ready for its first earnings report since going public. We've also got earnings on tap from BlackBerry and Micron.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
The X and Starlink owner plays a game of chicken with Brazil's Supreme Court. Also: Disney v DirecTV, the future of steel, and that crazy ol' stock market!
Find out what Gen Z is saying about how money equates to happiness from Voya Financial and what they think they need to start saving for retirement. Watch!