Goldman Sachs Group reportedly calculated that initial claims for unemployment benefits in the United States inched up from 218,000 to 224,000 during the week ended Saturday (Sept. 27). The bank published these figures because the federal government shutdown prevented the Labor Department from releasing the...
As of the end of September, this year has seen the highest number of job cuts since 2020 and the lowest amount of planned hiring since 2009, Challenger, Gray & Christmas said Thursday (Oct. 2). The year-to-date total of job cuts is 946,426, which is...
Tariff risks and uncertainty have become systemic to businesses. Over 2,000 publicly traded companies in the United States mentioned tariffs during their quarterly earnings calls this year, the most in recorded history, The Wall Street Journal reported. According to estimates from JPMorgan, the average effective...
Confidence drives consumer spending, and the health of the labor market underpins how secure households feel about loosening their wallets. As fall begins, the latest survey data shows consumers growing more cautious about both jobs and the economy, signaling potential headwinds for discretionary categories such...
New import levies have Americans facing the highest tariff rates in nearly a century. The tariffs announced last week on prescription drugs, heavy trucks and furniture have led to an overall average effective tariff rate of 17.9%, the highest since 1934, Seeking Alpha reported Saturday...
This week’s Weekender takes a brisk, slightly irreverent lap around real, historical financial rescues, from J.P. Morgan’s locked-door diplomacy to depositors getting saved while shareholders didn’t. With Washington now signaling it will do what is needed to support Argentina’s economy, including talks over a large...
The auto industry is reportedly being rocked by tariffs, the expense of electrification and cautious consumers. The troubles of some companies in this sector may signal difficulties to come in the broader economy, the Wall Street Journal (WSJ) reported Thursday (Sept. 25). The report pointed...
U.S. business activity continued growing in September, though the rate of growth slowed for the second consecutive month, S&P Global said Tuesday (Sept. 23). The company’s Flash U.S. Composite PMI Output Index slipped from 54.6 in August to 53.6 in September, with growth slowing in...
Financial technology firm FIS says it has turned its Private Capital Suite into a cloud-native software-as-a-service (SaaS) solution. FIS announced this change Tuesday (Sept. 23), adding that the tool had been “upgraded into a fully front-to-back solution” by integrating the company’s recently-launched Investor Services Suite. “At its core, the...