The Boss is a billionaire Today’s billionaires worldwide are the wealthiest they’ve ever been — collectively worth a whopping $14.2 trillion.
Capital markets perspective: U.S. economy outshines forecasts Gross domestic product (GDP) advanced 2.8% in the second quarter. That was twice as fast as the first quarter’s 1.4% and ahead of most economists’ estimates.
One thing: Space tourism has lift off One thing that moved markets is the arrival of space tourism. For American consumers, booking a ticket to space can become a reality as early as next year.
Lucky July, Scary October and the Mirage of Market Timing Is July really a lucky month for investors? A closer look at the myths of market timing.
Work shift: 9-5 job growth, slower wage increases, and more unemployment claims American workers see progress in their wages, though recent data signals some cooling in the economy and may offer clues about the labor market going forward.
One thing: Game on One thing moving markets is the price for admission to sporting events, which was up 15.1% year-over-year according to June’s Consumer Price Index (CPI).
Capital markets perspective: Inflation hits 12-month low On Thursday, the Bureau of Labor Statistics published the Consumer Price Index (CPI): Headline inflation contracted -0.1% from May to June, hitting a 12-month low of 3%.
One thing: Halfway there One thing moving markets in the last six months is cooling inflation and a softening labor market paving the way for Fed rate cuts. Can it stay on track?
Capital markets perspective: Half full or half empty? There are at least two ways to estimate how many Americans are employed: Ask businesses how many people are on their payrolls, or ask Americans themselves.
June market recap: Inflation cools, tech heats up The dominant market theme in June was continued focus on Nvidia and the very largest US growth stocks. Here's the recap on last month.
One thing: The average car costs $47,000 After running hot during the pandemic, car sales have cooled, and inventory is plentiful, shifting the balance of negotiating power to buyers.
Capital markets perspective: Two birthdays The U.S. turns 248 years old on Thursday, but I also want to acknowledge another birthday: The inversion of the yield curve turns two years old next Monday.
