JPMorgan Chase CEO Jamie Dimon sounded a warning on Tuesday (Sept. 9) after the latest labor market data showed the U.S. economy slowing. A revised report from the Labor Department earlier that day showed the economy created far fewer jobs than previously thought, revising downward...
Small businesses sentiment rose last month despite ongoing worries about labor shortages. That’s according to the latest edition of the Small Business Optimism Index from the National Federation of Independent Business (NFIB), released Tuesday (Sept. 9) and showing the index rising 0.5 points to 100.8 for August....
Even before the latest job numbers were released on Friday (Sept. 5), PYMNTS Intelligence had been busy uncovering the ways in which various households—across income levels and whether they’d been living paycheck to paycheck—viewed their job prospects. In a nutshell, they weren’t exactly sanguine at...
In the span of just a few years, prediction markets have leapt from obscure crypto experiments into the heart of financial, political and cultural debate. And with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday (Sep. 3) issuing a no-action letter regarding event contracts,...
Private sector job growth slowed in August, while the rate of pay gains was little changed, ADP said Thursday (Sept. 4). The private sector added 54,000 jobs during the month, a figure that was down from the revised total of 106,000 added in July, the...
The Federal Reserve’s latest Beige Book survey—a qualitative assessment of the economy, small business and consumer sentiment—indicated that caution is the rule of the day. The input, released Wednesday (Sept. 3), spans the 12 Federal Reserve Districts. Bank and branch directors, businesses, community organizations, economists,...
Weak jobs data released Wednesday (Sept. 3) may make it harder for households living paycheck to paycheck to escape the pressures of their current financial situations. New jobs promise new income, usually a salary or per-hour bump, as wages overall have been on the rise....
Watch more: Tariffs, Subsidies and Data: How American Agriculture Is Navigating Its Toughest Year The conversation about innovation today tends to revolve around data centers, silicon and power cables. Dirt, roots, seed and tractors, the backbone of the first economy in the United States, agriculture,...
The upcoming expiration of federal electric vehicle credits is reportedly fueling an automotive sales boom. It’s the end of an era for the United States car sector, The Wall Street Journal reported Monday (Sept. 1). Dealers have spent years selling electric cars but are now...