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...
Inflation in the United States hit 3.8% in April, its highest in nearly three years. The Iran war sent energy costs soaring 18% year over year. Gasoline has jumped more than 28%, and diesel has surged nearly 50% since the conflict began. Food-at-home prices are...
For millions of consumers, surviving this economy is no longer about opening the wallet less often or drawing the purse strings ever tighter. It’s about finding more ways to keep up. The latest spending and income data suggest the Cutback Economy is moving into a...
Lower-income Americans are facing high levels of economic insecurity and financial strain, according to the Federal Reserve Bank of New York. These pressures have contributed to consumer sentiment dropping to levels near or below those seen during the Great Recession and the pandemic, New York...