New Cox Automotive projections show used car prices dipping more than previously expected. The forecast from the automotive industry data solutions company Wednesday (Oct. 7) comes as consumers continue to exhibit declining sentiment amid high interest rates and gas prices. Cox says it has lowered the year-end outlook for...
Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary. Media reports characterized the numbers as a continuation of the “low hire, low fire” trend...
Go figure. Inflation picked up in August. Real disposable income didn’t move much. Consumers responded by spending substantially more. The trends are more revealing about household finances than the headline 2.2% increase in second-quarter gross domestic product. The Bureau of Economic Analysis’ third estimate released...
Consumer confidence fell in September as consumer concerns about the cost of fuel and other goods and services rose to new heights, The Conference Board said in a Tuesday (Sept. 29) press release. The Conference Board Consumer Confidence Index fell by 6.7 points during September...
Reforms in the United States, Europe and an alliance between the two could revive a West that is in military and economic decline, JPMorganChase Chairman and CEO Jamie Dimon said in a Monday (Sept. 28) opinion piece in The Wall Street Journal. The U.S. should...
Consumer sentiment slipped in September amid concerns about high prices and rekindled trade disputes, according to the University of Michigan’s Surveys of Consumers. The survey’s final results for September showed that the Index for Consumer Sentiment declined by 7% compared to a month ago and...
Bank regulators and federal lawmakers have expressed concerns about the appearance of contracts on prediction market Polymarket that are tied to the likelihood of bank failures, Bloomberg reported Friday (Sept. 25). A modestly sized market for bank-failure contracts has appeared on Polymarket’s international platform. These sorts of...
Polymarket will fight for its users, the company’s chief legal officer said Thursday (Sept. 24), after New York announced that the state filed a lawsuit against the company. New York sued the company behind Polymarket US, QCX LLC, alleging in a Thursday press release that the prediction market platform runs...
U.S. business activity grew in September at the fastest rate for over five years, according to the S&P Global US Flash PMI released Wednesday (Sept. 23). The flash S&P Global US PMI Composite Output Index rose from 56.0 in August to 58.4 in September, marking the fourth...