Profits Are Booming—and That’s Shielding the Economy – WSJ
Job growth took a step down in April, as reported in Friday’s employment numbers. But there is a world of difference between a slightly weaker...
Author : Nelli Avetisyan
Gen Z Sinks Deeper Into Debt – WSJ
Young Americans are starting out with more credit-card debt than generations before them. That financial burden can have long-lasting effects. The rising debt load largely...
UBS makes first profit since Credit Suisse rescue – CNN
UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed...
Americans have spent their savings. Economists worry about what comes next – CNN
Americans saved quite a bit of money during the pandemic: $2.1 trillion worth, to be exact. That extra cushion meant that consumers kept spending in...
Consumers Know More About AI Than Business Leaders Think
It took Spotify some 150 days to garner a million users. Instagram, about 75 days. ChatGPT? Just five days. Artificial intelligence isn’t new, but broad...
Higher rates boost bankers to troubled companies – The Financial Times
Revenues at boutique banks are surging as high interest rates force more companies to seek advice on how to restructure debt and tap fresh liquidity....
Why the Fed Is Right to Bide Its Time on Rate Moves – WSJ
If you want to know the trouble with a balanced outlook, ask a tightrope walker. The Federal Reserve has finally reached the stage of being...
Three things investors probably don’t know, but should – CNN
The first quarter of 2024 was a good one for Wall Street. But markets have since soured, as investors lost confidence in the likelihood of...
Global trade growth set to more than double this year – The Financial Times
Global trade growth is set to more than double this year as inflation eases and a booming US economy helps to drive activity, according to...
The Reasons the Fed’s Bowman is “Willing” to Hike Rates if “Data Indicate Progress on Inflation Has Stalled or Reversed” – Wolf Street
The first three months of the year have produced a nasty re-acceleration of inflation in the US. It was across the board: in the Consumer...