[Bitmine Appoints Young Kim as CFO and COO]
Ethereum treasury company Bitmine, listed on NYSE American under the New York Stock Exchange, has announced the appointment of Axiom Investors partner and senior portfolio manager Young Kim as Chief Financial Officer (CFO) and Chief Operating Officer (COO), reporting directly to Chairman of the Board Thomas 'Tom' Lee. The appointment is effective immediately. It is reported that Young Kim previously served as a senior portfolio manager at Columbia Threadneedle Investments for ten years.
[U.S. Bureau of Labor Statistics: Nonfarm employment to increase by 584,000 in 2025]
Data from the U.S. Bureau of Labor Statistics shows that nonfarm employment will increase by 584,000 in 2025, with an average monthly increase of 49,000. This is lower than the 2 million increase in 2024, which saw an average monthly increase of 168,000.
[U.S. Unemployment Rate Drops, Traders Bet on Fed Pausing Rate Cuts]
After the U.S. unemployment rate dropped, traders increased their bets on the Federal Reserve pausing rate cuts.
[October and November Nonfarm Payrolls in the U.S. Revised Down by 76,000]
The U.S. Bureau of Labor Statistics released data on January 9, showing that October nonfarm payrolls were revised from -105,000 to -173,000, and November nonfarm payrolls were revised from 64,000 to 56,000. After the revision, the total increase in employment for the two months decreased by 76,000 compared to the previous figures.
[U.S. December Unemployment Rate at 4.4%, Lower Than Expected]
The U.S. December unemployment rate was 4.4%, lower than the expected 4.50%. The previous value was revised from 4.60% to 4.5%.