New Federal Reserve data show consumer credit applications reached a nearly-five-year high in June. In the latest edition of its Survey of Consumer Expectations Credit Access Survey, released Monday (July 20), the Federal Reserve Bank of New York said that the rate of applications for new credit reached its highest...
Weakening consumer expectations for business conditions and a decline in building permits for private housing drove a 0.2% decline in The Conference Board’s Leading Economic Index (LEI) in June, the organization said in a Monday (July 20) press release. While the other eight components of...
Consumer sentiment improved by 10% in early July, marking the second consecutive month of 10% jumps, according to preliminary results for the month from the University of Michigan’s Surveys of Consumers. The Index of Consumer Sentiment was gauged at 54.4, the highest reading since February’s...
Prediction market Kalshi and public intelligence company AppliedXL have launched a pilot program that allows trading on clinical trial outcomes and Food and Drug Administration (FDA) regulatory decisions. The companies said in a Thursday (July 16) press release that examples of the contracts available at...
The latest inflation report offers consumers something that has been absent for much of the past several years: a measurable decline in overall prices. Whether that translates into stronger spending, however, is a separate question. As reported Tuesday (July 14), the Consumer Price Index (CPI)...
Small business optimism increased in June, driven by owners’ expectations for better business conditions and sales, the National Federation of Independent Business (NFIB) said in a Tuesday (July 14) press release. The NFIB Small Business Optimism Index rose 2.1 points during the month to reach...
Prediction markets surpassed $50 billion in monthly volume in June, with their volume driven by trading on the FIFA World Cup 2026, CoinDesk reported Tuesday (July 14). Kalshi posted $31 billion in notional trading volume in June, Polymarket’s international exchange had $10.8 billion, Polymarket’s regulated...
Korean tech giant Samsung is reportedly setting the stage to list in the U.S. The company has begun exploring a potential offering of American depositary receipts, Bloomberg News reported Tuesday (July 14), citing sources familiar with the matter. Those sources said Samsung has held preliminary talks with banks,...
Global smartphone sales dropped to their lowest second-quarter level in 13 years as manufacturers passed on to consumers the rising cost of memory components, Counterpoint Research said in a Monday (July 13) press release. Total shipments fell 11% year over year in the second quarter...