The Bank of Canada says Canadian businesses are concerned tariffs will hinder their sales. That’s according to the bank’s business outlook indicator survey, released Monday (Oct. 20) and showing a slight uptick, though still in negative territory: -2.3 during the third quarter, compared to -2.4...
The Federal Reserve’s latest Beige Book paints a familiar picture of an economy searching for direction, one defined less by momentum than by hesitation. In the 56-page report released Wednesday (Oct. 15), the word “uncertainty” appears 40 times, while “optimism” surfaces only 13, a linguistic...
Inflation is pressuring American grocery shoppers, leading many to cut back and trade down. “It’s perturbing and upsetting,” Mark Bookbinder, a 68-year-old engineer who lives in Cincinnati, told The Wall Street Journal (WSJ) in a report posted Wednesday (Oct. 15) on the trend. The WSJ report added...
U.S. banks are benefiting from a surge in equity markets and continued resilience in consumer spending, while being wary of some possible bubbles in the markets, Reuters reported Tuesday (Oct. 14). Goldman Sachs, JPMorgan Chase, Wells Fargo and Citigroup all reported “solid” investment banking performance...
Small business owners’ optimism declined by 2 points in September but remained above the 52-year average, the National Federation of Independent Business said Tuesday (Oct. 14). The decline took the NFIB Small Business Optimism Index to 98.8, a figure that was still above the survey’s...
Philadelphia Fed President and CEO Anna Paulson said Monday (Oct. 13) that tariff-induced price increases have been “somewhat smaller than anticipated” and that the increases that have been seen are unlikely to leave “a lasting imprint on inflation.” In remarks prepared for delivery at the...
With several banks set to report their third quarter earnings this week, analysts reportedly expect them to show strong growth but will also be looking for signs of headwinds from delinquencies in student and auto loans. The sector’s growth has been fueled by a surge...
Robinhood is reportedly looking at the prediction markets space as it continues to expand its offerings beyond its retail trading platform. The company is considering growing in the event contracts space through an acquisition, joint venture, partnership or by building its own products, Reuters reported...
Federal employees are increasingly turning to side gigs amid ongoing layoffs and a government shutdown. That’s according to a report Monday (Oct. 13) from The Wall Street Journal (WSJ), which offers up the example of Sharon Perrone, a former scientist for the Agriculture Department. Since taking a deferred...