Businesses may be feeling cautious because of uncertainty around tariffs, but they are generally not laying off workers. While the number of initial claims for unemployment insurance in the United States rose during the week ended Saturday (April 19), it remained “relatively subdued” and pointed...
It’s a big week for artificial intelligence news. AI hardware is being dinged by tariff troubles while two juggernauts in the AI field — Meta and Google — are in the crosshairs of the U.S. government. Meanwhile, OpenAI unveiled a more capable and smarter ChatGPT...
The number of initial claims for unemployment insurance in the U.S. fell by 9,000 during the week ended Saturday (April 12), signaling a stable labor market. The number of jobless claims dropped to 215,000, down from the previous week’s revised level of 224,000, the Department...
United States consumers’ expectations for inflation over the next 12 months hit the highest level since we emerged from the pandemic. The priciest hikes will make the key essentials of life, namely food and shelter, more expensive. The latest Survey of Consumer Expectations released by...
April 02, 2025
There are fewer jobs to be had, and layoffs have inched up. Consumer confidence was already shaken ahead of the Bureau of Labor Statistics’ latest snapshot of the labor market released Tuesday (April 1). The specter of uncertain job security may accelerate a spending pullback already in motion. The bureau’s Job Openings and Labor Turnover […]
March 25, 2025
Consumers are weighed down by concerns about tariffs and the state of their own financial conditions — and they’re anything but confident. As they eye the so-far-unknown impact of tariffs,...
March 14, 2025
Airlines and some of the largest commerce firms are cutting guidance for the current quarter as consumers pull back at the register and on travel booking sites. There are signs...
January 31, 2025
The shakeup on Capitol Hill — still ongoing, as the Trump administration settles in for its second round, as the new Congress has been seated — will extend to financial...
April 24, 2025
Businesses may be feeling cautious because of uncertainty around tariffs, but they are generally not laying off workers. While the number of initial claims for unemployment insurance in the United States rose during the week ended Saturday (April 19), it remained “relatively subdued” and pointed to a resilient labor market, according to Thursday (April 24) […]
April 17, 2025
The number of initial claims for unemployment insurance in the U.S. fell by 9,000 during the week ended Saturday (April 12), signaling a stable labor market. The number of jobless...
April 14, 2025
Wells Fargo said it is making the largest investment in talent that it has made in the 25-year history of its Technology Banking organization. The bank expanded its Wells Fargo...
April 10, 2025
The number of Americans filing initial claims for unemployment insurance rose by 4,000 during the week ended Saturday (April 5), the Department of Labor said in a Thursday (April 10)...
