The FIFA World Cup 2026 generated $3.5 billion in total economic impact across New York and New Jersey, New York Gov. Kathy Hochul said in a Wednesday (Aug. 26) press release. Citing a study conducted by Tourism Economics, an Oxford Economics company, Hochul said World...
Inflation remained stubborn in July, but consumers got something they have not always had during the recent run-up in prices: income growth that gave them more purchasing power without prompting another burst of spending. The Personal Consumption Expenditures (PCE) price index rose 0.2% in July...
Consumer confidence barely moved in August, but the stability of the headline number conceals two trends that matter for spending: Americans feel better about the jobs they have today, while confidence about jobs, income and business conditions six months from now is weakening. The Conference...
Cryptocurrency exchange Gemini is expanding its prediction markets business in collaboration with Apex FinTech Solutions. The partnership will see Gemini’s Gemini Titan become the exclusive regulated venue for crypto event contracts distributed through Apex’s futures commission merchant (FCM) to Apex’s brokerage customers, the companies announced...
European consumers’ inflation expectations inched down in July, the European Central Bank said in a Friday (Aug. 21) press release. Consumers’ median expectations for inflation over the next 12 months decreased from 3.0% in June to 2.9% in July, while those for inflation three years ahead declined from 2.8% to...
Prediction-market executives clashed Thursday (Aug. 20) over how regulators should police manipulation and insider trading, exposing a widening divide between established derivatives exchanges and newer event-contract platforms. The confrontation occurred during a Commodity Futures Trading Commission Innovation Advisory Committee meeting in Washington, where executives from...
The Conference Board said Thursday (Aug. 20) that the Leading Economic Index’s (LEI) six-month growth rate turned positive for the first time in more than four years. The LEI’s six-month growth rate for January to July was positive, with an increase of 0.2%, while that...
Tariffs alone cannot explain the persistence of 3% inflation in 2025, three Federal Reserve Bank of Boston economists wrote in an article posted Wednesday (Aug. 19). While U.S. tariffs rose from 2.5% to 10% in 2025, productivity gains partially offset that increase in costs, and...
New Goldman Sachs research suggests industries with greater artificial intelligence (AI) exposure could be rethinking their hiring options. The impact of AI varies according to industry and levels of seniority, the banking giant said in the report “Global Economics Comment: Is AI Impacting Global Labor...