The central banker indicated that pressure is coming to both sides of the Fed’s so-called dual mandate of stable prices and low unemployment.
The wealth of the top 1% reaches a record $52 trillion
All wealth groups saw gains over the past year, according to recent Fed data. But the growth has been fastest for those at the very top.
Stocks making the biggest moves premarket: GameStop, USA Rare Earth, Applied Materials, Zillow and more
These are some of the stocks posting the largest moves in premarket trading.
For first-time job hunters, a college degree isn’t unlocking the opportunities it once did
Data shows young college grads are feeling the brunt of the labor market slowdown.
Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
The move shows that OnePay, founded by Walmart and venture firm Ribbit Capital in 2021, sees crypto as a core offering as it builds out its “everything app.”
Stocks making the biggest moves midday: Starbucks, FICO, Acadia Healthcare & more
These are the stocks posting the largest moves midday.
Tom Lee sees S&P 500 topping 7,000 by year-end, says don’t be fooled by shutdown calamity talk
“We would not lean bearish because of shutdowns,” Lee wrote in a note to clients Thursday. “If stocks are down, we would be dip buyers.”
Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout
The data points fill in some gaps on information that usually comes from the Labor Department but are delayed because of the shutdown.
Stocks making the biggest moves premarket: Occidental Petroleum, Lithium Americas, Fair Isaac & more
These are the stocks posting the largest moves premarket.
Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
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