OpenAI restructuring puts spotlight on public benefit corporations OpenAI’s conversion to a public benefit corporation is drawing attention to a structure used by a small number of public companies and thousands of private firms.
Inflation at 3%: Shelter cools while healthcare costs rise The Consumer Price Index shows 3% inflation as housing cools and grocery prices ease, offering some relief versus earlier this year.
Bonds backed by music royalties are becoming a hit Music royalty bonds, financial instruments secured by future royalty revenues from songs or catalogs, have been growing thanks to streaming and other industry trends.
September market recap: Stocks rise on Fed and AI optimism Stocks advanced strongly in September. Corporate earnings were generally ahead of expectations, and the Fed cut rates while signaling openness to further easing in the fourth quarter.
Consumer confidence cools, while Wall Street holds steady in September Americans send mixed signals about jobs, spending, and income expectations, as plans to spend on cars and travel decrease and interest in homebuying rises.
Inflation at 2.9% as shelter inches higher, electricity climbs and coffee perks up With August inflation at 0.4%, price pressures remained uneven: travel costs jumped, shelter cooled only gradually, and energy told a mixed story heading into fall.
August market recap: Rate-cut hopes lift With relative calm on the tariff front, investors in August returned focus to interest rates and potential Fed activity.
Job market cools after modest August gains The latest employment snapshot from the Bureau of Labor Statistics reflects a cool phase after modest August gains.
July market recap: Summer in swing Concerns about tariff deadlines were largely alleviated in July as deals with some major trading partners added clarity. U.S. stocks finished up about 2% for the month.
Momentum behind large-scale M&A deals is growing Union Pacific’s recent $85 billion bid for Norfolk Southern could be the largest rail merger in U.S. history and signals that big M&A deals are back in motion.
Stamp prices increase to 78 cents This is the third rate hike implemented by the United States Postal Service (USPS) since 2024.
June market recap: Risk on Stocks continued their upward momentum in June as investors leaned further into the “risk on” trade. The U.S. Total Stock Market posted a 5% gain, reaching new all-time highs.