Most of the U.S. economyâs reported job gains for 2025 disappeared after revisions, Steve Rattner said in a post on X on Thursday, drawing attention to the gap between the initial payroll estimates and the latest figures. The economy added Most of the U.S. economyâs report
October Kansas City Fed Manufacturing Composite Index: 11 vs. 14 in September, according to data released by the district Federal Reserve Bank on Thursday. Production index: 16 vs. 20 prior Developing⦠Check back for updates. October Kansas City Fed Manufacturing C
Happy Thursday, advisors! In today’s newsletter, Prashant Kher of EY-Parthenon on what new survey data shows about where stablecoins are gaining ground, and what will decide which payment rails scale Then, in “Ask an Expert,” Sam Boboev of Fintech WrapUp on whether euro st
The absence of fiscal stimulus next year is a key reason to expect the economy to lose momentum, said Samuel Tombs, chief economist at Pantheon Macroeconomics. This will cause the FOMC to have solid grounds for interest rate easing next The absence of fiscal stimulus next
Euro retreats as US Dollar regains ground, France's debt worries weigh EUR/USD loses 0.33% on Thursday, reversing earlier gains as the US Dollar (USD) stages a rebound after slipping to a three-week low during Asian trading hours. Meanwhile, political turmoil in France and
Wedbush Securities assumed coverage of five housing-related stocks after their recent underperformance. Rithm Property Trust (RPT), Rithm Capital (RITM), and Freddie Mac (FMCC) were initiated with Outperform ratings and price targets of $13.50, $10.00, and $6.00, respectiv
Desperate for DOGE The U.S. deficit just jumped 12% this fiscal year, from $1.77 trillion to $2 trillion. Remember the D.O.G.E. chainsaw? We were promised the Department of Government Efficiency would carve through waste, fraud, and abuse and eliminate our deficits
American Express (AXP) heads into its third-quarter 2026 earnings report on Friday, October 23, with investors watching whether strong card spending and revenue growth can offset rising expenses. Consensus estimates call for earnings per share of $4.49 on revenue of $20.12
Omega Healthcare Investors (OHI) stock gained 2.7% in Thursday morning trading after Citizens upgraded the healthcare REIT to Market Outperform from Market Perform. "We have been looking for a more attractive entry point," analyst Aaron Hecht wrote in a note to clients, and a
A Fireblocks spokesperson said the acquisition talks were “news to us, and not true at present time.” - Fireblocks previously raised $550 million at an $8 billion valuation back in 2022. Cryptocurrency custody firm Fireblocks dismissed reports it is in talks with Visa (V)
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