The economy is booming but jobs are hard to find.Second quarter GDP growth was 3.8% thanks to robust investment in information processing equipment, software and R&D, mostly to build out Artificial Intelligence.
Read more …
Goldman Sachs to Buy Innovator Capital in $2B Deal
Goldman Sachs on Monday will it will acquire exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion as the Wall Street bank seeks to expand in one of the fastest-growing segments of asset management.
Read more …
US Manufacturing Slump Deepens in November
U.S. manufacturing contracted for the ninth straight month in November, with factories facing slumping orders and higher prices for inputs as the drag from import tariffs persisted.
Read more …
Wall Street Sees 'K-Shaped' Economy
From corporate executives to Wall Street analysts to Federal Reserve officials, references to the "K-shaped economy" are rapidly proliferating.
Read more …
Bitcoin Drops 5% Below $90,000; Bearish Factors Rack Up
Bitcoin fell back below $90,000 on Monday, extending losses after its steepest monthly decline since the 2021 crypto crash, as renewed risk aversion drove investors out of stocks and digital assets.
Read more …
Trump Knows His Pick; Hassett 'Shadow Fed Chair' for 5 Months?
President Donald Trump signaled he has settled on his choice to lead the Federal Reserve, telling reporters aboard Air Force One that he knows who he will nominate.
Read more …