In the span of just a few years, prediction markets have leapt from obscure crypto experiments into the heart of financial, political and cultural debate. And with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday (Sep. 3) issuing a no-action letter regarding event contracts,...
Private sector job growth slowed in August, while the rate of pay gains was little changed, ADP said Thursday (Sept. 4). The private sector added 54,000 jobs during the month, a figure that was down from the revised total of 106,000 added in July, the...
The Federal Reserve’s latest Beige Book survey—a qualitative assessment of the economy, small business and consumer sentiment—indicated that caution is the rule of the day. The input, released Wednesday (Sept. 3), spans the 12 Federal Reserve Districts. Bank and branch directors, businesses, community organizations, economists,...
Weak jobs data released Wednesday (Sept. 3) may make it harder for households living paycheck to paycheck to escape the pressures of their current financial situations. New jobs promise new income, usually a salary or per-hour bump, as wages overall have been on the rise....
Watch more: Tariffs, Subsidies and Data: How American Agriculture Is Navigating Its Toughest Year The conversation about innovation today tends to revolve around data centers, silicon and power cables. Dirt, roots, seed and tractors, the backbone of the first economy in the United States, agriculture,...
The upcoming expiration of federal electric vehicle credits is reportedly fueling an automotive sales boom. It’s the end of an era for the United States car sector, The Wall Street Journal reported Monday (Sept. 1). Dealers have spent years selling electric cars but are now...
All eyes were on the latest Personal Consumption Expenditures data Friday (Aug. 29) as a read-across for when the Federal Reserve may cut interest rates. But the information also details pressures on consumers navigating a balancing act in terms of spending and saving: While incomes,...
The European Commission has proposed reducing some of its tariffs on U.S. goods to gain relief from U.S. tariffs on European Union cars and car parts. The Commission said in a press release that its proposals include eliminating tariffs on U.S. industrial goods, providing preferential market access...
Consumer confidence slipped in August, as individuals said inflation is likely to surge, while job prospects dimmed and spending plans were, at best, mixed. The Conference Board’s Consumer Confidence Index edged down by 1.3 points to 97.4 from a revised 98.7 in July, according to...