Prediction market Kalshi is reportedly eyeing a move into the derivatives space. This expansion would cover things like metals, foreign exchange and energy markets, a company executive told Reuters in an interview published Thursday (July 9). The plan is to compete against traditional exchange operators by offering perpetual futures...
Consumer credit rarely moves in a straight line, and May’s Federal Reserve data offered a reminder that one month’s pause can support more than one interpretation. After two months of brisk growth, revolving consumer credit, which includes credit card balances, declined at a 4.7% annualized...
More than a year after the first tariffs of the current Trump administration were implemented, about half of companies are still raising prices to pass through those costs to consumers, New York Fed economists wrote in a Wednesday (July 8) blog post. A New York...
Consumers expect inflation to rise more than they expected a month ago, even as they expect gas prices to drop, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations. Compared to May, consumers’ median inflation expectations rose in June by...
New data shows supply chain pressures abating following a four-year high earlier in the year. The Federal Reserve Bank of New York’s Global Supply Chain Pressure Index moved to 1.25 from an upwardly revised 1.81 in May, the bank announced Monday (July 6). In April,...
Prediction markets have reportedly seen a surge in trading volume thanks to the World Cup. Kalshi saw more than $31 billion in notional volume in June, a 70% increase from May, CNBC reported Saturday (July 4), citing Dune Analytics. The platform has consistently seen volumes...
Gas prices heading into the Fourth of July weekend are the highest they’ve been in four years but lower than recent highs, AAA said in a Thursday (July 2) press release. Thursday’s national average was $3.838, which was up from $3.172 a year ago but...
The latest jobs data from the Bureau of Labor Statistics suggests the labor market is cooling gradually. PYMNTS Intelligence finds consumers are already behaving as though the slowdown has arrived. Employers in the United States are continuing to add jobs while hiring remains stuck in...
Robinhood’s CEO says the U.K. should look to the U.S. to increase retail stock ownership. “Think of it as similar to where the US was 30 to 40 years ago,” Vlad Tenev said in a Bloomberg Television interview in London published Thursday (July 2). He cited things like employer-sponsored...