The laws of business gravity say that when costs go up, those costs will, eventually, trickle down to the consumer.
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The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
The timing of Strategy’s latest Bitcoin gains was hardly a surprise: last week also marked “Crypto Week” on Capitol Hill.
The consensus takeaway from the earnings season so far is that the economy is, in spite of everything, doing pretty good.
Strategists from Allianz and Invesco are cautioning investors about market performance in the second half of the year.
The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.
The US debt is about the same as its entire economic output and is projected to grow if Trump’s megabill passes.
The S&P 500’s recent record high marked an encouraging sign that markets are no longer all that concerned with worst-case trade war scenarios.
Simply put, Powell says he needs to wait and see June and July price data to know just how impactful and inflationary tariffs have been.
Staffing shortages, shrinking funding and decades of declining survey responses are testing an agency responsible for vital US economic data.
Despite new data this week showing inflation has cooled, Powell and the Federal Reserve are still expected to hold off on rate cuts.
The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
Brands that cater to the uber wealthy saw a dip in sales for the first quarter of 2025, continuing a slowdown that started last year.
The Fed was already walking a tightrope over a bottomless pit of stagflation before waves of tariffs came to rattle the line.
After the auction, the yield on the 20-year note rose to 5.125%, the highest level since back in November 2023.
Soft US inflation numbers released last week and a de-escalation of global trade tensions are likely contributing to bitcoin’s rebound.