The financial news that actually matters
Covers broad economic trends including inflation, interest rates, GDP, employment data, and central bank decisions. It explains how macroeconomic factors influence markets and everyday finances.
SpaceX appears to be moving closer to one of the most anticipated public offerings in years, with four of Wall Street’s biggest banks now in the frame for senior roles on a potential 2026 IPO. The company has not publicly filed to go public, and the process is still subject to market conditions and internal…
The Supreme Court on Wednesday appeared deeply skeptical of giving the White House broad power to remove Federal Reserve board members, a signal that could preserve one of the central bank’s most important institutional protections. Over roughly two hours of argument in Trump v. Cook, justices across the bench pressed the administration on a basic…
Amazon has cut about 16,000 corporate jobs in what amounts to the biggest layoff round in the company’s history, deepening a restructuring push that had already eliminated roughly 14,000 similar roles just three months earlier. The latest move brings Amazon’s total corporate reductions since October to about 30,000, a sharp rollback for a company that…
Raymond James Financial said it has entered into an agreement to acquire Clark Capital Management Group, a Philadelphia-based firm overseeing more than $46 billion in assets, in a transaction that would expand the buyer’s investment management division. The transaction, structured through Raymond James Investment Management and its subsidiary Carillon Tower Advisers, is expected to close…
The Federal Reserve’s latest Beige Book paints a split-screen picture of the U.S. economy: overall growth is inching forward, but the spending power behind that expansion is concentrated among wealthier households. Lower- and middle-income consumers, meanwhile, are pulling back on discretionary purchases as price sensitivity deepens. The gap between these two groups is widening enough…
Goldman Sachs has shifted its forecast for the Federal Reserve’s first interest rate cut to June, responding to a string of inflation readings that came in stronger than Wall Street expected. The move reflects growing unease among major banks that sticky consumer prices will keep the Fed on hold longer than markets had hoped. For…
U.S. manufacturing ended the year on a weaker note, with the sector slipping deeper into contraction as demand remained soft and factory managers grew more cautious about the near-term outlook. The Institute for Supply Management’s Manufacturing PMI fell to 47.9, down from 48.2 a month earlier, marking the lowest reading of the year and extending…
The benchmark 10-year U.S. Treasury yield pushed above the 4.2% threshold this week, a move that reflects growing tension between the bond market’s expectations for Federal Reserve rate cuts and a wave of government borrowing that keeps pushing long-term rates higher. The climb puts pressure on mortgage rates, corporate borrowing costs, and household budgets at…
Berkshire Hathaway has amassed so much cash that even by the standards of corporate America, the number now looks extraordinary. By the end of the third quarter, the conglomerate’s balance sheet showed roughly $381.7 billion in cash, cash equivalents, and short-term U.S. Treasury bills, a new high for the company and one of the clearest…
The Federal Reserve ended 2025 with a clear message for households, businesses, and investors: even after cutting rates again in December, officials were no longer signaling a quick slide back to cheap money. The central bank’s latest projections pointed to a much slower pace of easing in 2026 than many borrowers had hoped for, suggesting…