The National Football League (NFL) told the Supreme Court that the league wants local gambling regulators to oversee prediction markets, CoinBase reported Thursday (Oct. 8). The NFL submitted an amicus brief to the U.S. Supreme Court Thursday, according to the Supreme Court docket for a case in which Mary Jo Flaherty, interim director...
New research shows that the cost of many consumer goods would have declined last year if not for U.S. tariffs. The paper from the Federal Reserve Bank of New York says the cost of 67 categories of goods was 2.9 percentage points higher as of February because of the...
Consumers are entering the final months of the year less worried about losing their jobs, more worried about prices and less confident about where their household finances are headed. The Federal Reserve Bank of New York’s September Survey of Consumer Expectations, released Wednesday (Oct. 7),...
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...