Small business job creation plans fell to a six-year low in May, driven by war-related oil prices and uncertainty, according to the National Federation of Independent Business (NFIB). This drop contributed to small business optimism falling to its lowest level since October 2024. The NFIB’s...
More households are feeling worse about their financial situation, the Federal Reserve Bank of New York said in a Monday (June 8) press release. The New York Fed’s May Survey of Consumer Expectations found deterioration both in households’ perceptions of their current financial situation and...
The labor market remains resilient, though there were signs in May that employment may decrease in the coming months, The Conference Board said in a Monday (June 8) press release. The potential change was signaled by The Conference Board Employment Trends Index (ETI), which declined...
Business leaders are not giving up on clearer conditions, but their confidence is no longer rising in a straight line. That is one of the revealing signals in “Forecasting Under Pressure: New Data Shows Uncertainty Is Still Running High,” a PYMNTS Intelligence report from The...
Kalshi is building a new interface designed for the most highly engaged retail traders using its prediction markets platform, CNBC reported Thursday (June 4), citing an unnamed source. The interface enables users to track popular contracts by 24-hour volumes, see all trades as they are...
The latest Beige Book from the Federal Reserve suggested that the consumer remains standing, but not on equal footing. While economic activity expanded in most Federal Reserve districts, the survey indicated that consumers are responding to the economy in fundamentally different ways depending on their...
Polymarket has closed its first on-chain institutional block trade tied to artificial intelligence compute infrastructure, saying this shows prediction markets can function like commodity futures for the AI era. The transaction was a six-figure block trade between digital asset prime brokerage FalconX and AneraLabs, a...
Artificial intelligence may not be the cause of the sharp rise in youth unemployment, according to a Federal Reserve of New York blog post. Instead, remote work accounts for 64% of the increase, New York Fed research economist Natalia Emanuel, University of Virginia assistant professor...
Gas hit $4.56 a gallon heading into Memorial Day weekend. That was up more than $1.50 from where it was before the Iran war in late February. No surprise then that inflation in the United States clocked in at 3.8% in April, its highest level...