News

The latest numbers from the BEA include an upward revision for GDP and downward revision for inflation.

The combination of sticky inflation and weakening economic data has some on Wall Street questioning whether we could be entering stagflationary environment for the first time since the 1970s.

U.S. consumers are the most pessimistic they’ve been since early 2021, even as “hard data” still indicates a solid economy.

Following a lawsuit alleging “wrongful use” of 401(k) forfeited funds, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable-value fund.

Thanks to good trades prior to M&A, credit downgrades, and defaults, the insurers in the top quintile for dealer-network size achieved about 0.84 percentage point higher annual returns on corporate bonds, according to a recent study.

The EU’s countermeasures will apply to U.S. goods exports worth up to €26 billion (US$28.4 billion)—matching the economic scope of the U.S. tariffs.

Canada announced new 25% tariffs on about C$30 billion (US$20.8 billion) of U.S.-made products, including steel, aluminum, computers, and sporting goods.

He downplayed the risk that he might cause a recession through the shifting and unpredictable nature of the current, on-again, off-again trade war.