Prediction market Kalshi recorded $1 billion-plus in trading volume on Super Bowl Sunday. That’s a daily record high, CEO Tarek Mansour said in an interview with CNBC Tuesday (Feb. 11). The company, which lets users purchase event contracts for the outcomes of things like sporting and pop culture events, elections and...
Flat retail sales at year end ran counter to the growth momentum many analysts expected upon the release of the latest report on Tuesday (Feb. 10). Instead, the data offered a clearer view into how consumers are navigating constrained budgets by choosing carefully where spending...
Households’ perceptions of inflation and the labor market improved slightly in January, the Federal Reserve Bank of New York said Monday (Feb. 9). When considering inflation, households’ short-term expectations improved while their medium- and long-term expectations remained unchanged, the New York Fed’s Center for Microeconomic...
Businesses and workers have different views of the economy, Federal Reserve Bank of San Francisco President and CEO Mary C. Daly said in a Friday (Feb. 6) post on LinkedIn. Businesses are “cautiously optimistic,” with good growth, solid consumer spending easy hiring and rising productivity,...
The latest consumer confidence data points to a public that is cautiously recalibrating expectations for 2026, encouraged by cooling inflation yet unsettled by a volatile labor market. Provisional February figures from the University of Michigan, released Friday (Feb. 6), show consumer sentiment edging up 1.6% from...
Wage growth for middle-income households showed some weakness in January, while that of lower- and higher-income households remained steady, the Bank of America Institute said Thursday (Feb. 5). Middle-income households’ after-tax wage growth dropped to 0.4 percentage points below its second-half 2025 average during a...
January was a “lackluster month for hiring,” as the private sector added 22,000 jobs, ADP said in a Wednesday (Feb. 4) press release announcing its January ADP National Employment Report. This figure was down from the 37,000 jobs added during the previous month, according to...
For sports betting platforms, the Super Bowl is, well, their Super Bowl. When the Patriots and Seahawks take the field this Sunday (Feb. 8), they’ll be doing so with around $1.76 billion in wagers tied to their performances via U.S. sportsbooks, a nearly 27% increase...
Jobless claims in the United States ticked down slightly last week amid growing uncertainty among workers. For the week ending Jan. 24, initial unemployment claims fell to 209,000, down 1,000 from the previous week, the Labor Department’s Bureau of Labor Statistics said in a Thursday...