The financial news that actually matters
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 held interest rates steady on January 28, 2026, but the language in its official statement and the economic data surrounding the decision suggest policymakers are increasingly focused on when it may be appropriate to begin cutting rates, potentially as soon as the next few meetings. A softening labor market, delayed government data…
United Parcel Service said Tuesday that it plans to cut as many as 30,000 jobs in 2026, adding to roughly 48,000 positions the company eliminated last year as it accelerates a costly restructuring tied to shrinking volumes from its largest customer, Amazon. The announcement, made during UPS’s latest earnings call, signals that the delivery giant’s…
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…
Consumer prices in the United States climbed 0.3% in December 2025 on a seasonally adjusted basis, pushing the annual inflation rate to 2.7% above its level a year earlier. The reading, released by the Bureau of Labor Statistics on January 13, 2026, capped a year in which monthly price swings varied widely and federal funding…
The U.S. economy is heading into 2026 with a striking contradiction at its center. Growth projections near 3 percent sit alongside core inflation readings that remain well above the Federal Reserve’s 2 percent target. That split creates real tension for policymakers deciding when, or whether, to cut interest rates, and for households still feeling the…
Consumer prices in the United States rose 2.7% for the 12 months ending December 2025, holding steady at the same annual pace recorded through November. Core inflation, which excludes food and energy, eased to 2.6% over the same period. The data, released in mid-January 2026, offered a mixed signal: headline inflation refused to budge lower,…
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…
The U.S. economy added 50,000 jobs in December 2025, falling well short of the 73,000 positions economists had projected. The unemployment rate ticked down to 4.4 percent, and the labor force participation rate held steady, according to the Bureau of Labor Statistics, but the softer-than-expected payroll gain added to signs the labor market has cooled…