Economics

Consumer

Lackluster Retail Sales Mask a (Short-Lived) Silver Lining

Photo via Christopher Beckett/Sipa USA/Newscom

Cooling retail sales growth in June reflects a brief decline in gasoline prices amid a short-lived ceasefire between the US and Iran.

2 min read

Photo via Tom Williams

Inflation & Prices

Fed’s Warsh Promises Congress a Hard Line on Inflation Amid Looming Risks

Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate.

2 min read
Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

Banking

Bank Earnings Bonanza Offers Top-to-Bottom Review of US Economy

Five of the six largest US banks will report their second-quarter earnings tomorrow in Wall Street’s very own Super Tuesday.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Shaina Benhiyoun, Weston Hancock, Erica Denhoff, IMAGO/JOERAN STEINSIEK, and Kenya Sumiyoshi via Newscom

Media & Entertainment

Major League Soccer Snatches Victory From World Cup Despite US Team’s Loss

The US men’s national soccer team’s World Cup performance is likely to have significant impact on broadcasters and high-flying investors.

6 min read

Economics

New Fed Chair Noncommittal on Interest Rates, Emphatic on Central Bank Independence

Photo via Kyodonews/ZUMAPRESS/Newscom

New Federal Reserve Chair Kevin Warsh is proving exceptionally gifted at staying mum on the central bank’s interest rate plans.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Krittiraj Adchasai and Cherezoff via iStock

Personal Finance

Micro-Retirement vs. Money Fire: How Gen Z Workers Pull Off Unpaid Sabbaticals

Taking an extended break mid-career is the new goal for many young workers, but experts warn it can be more expensive than it looks.

5 min read
Photo via Daniel Torok/White House/Newscom

Economics

Wall Street Is Preparing for Kevin Warsh’s First FOMC Meeting as Head of the Fed

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by AdMedia/SIPA and IMAGO/Zoonar/Marco Brivio via Newscom

Economics

Can Kevin Warsh Tame the Fed’s $6.7 Trillion Balance Sheet?

4 min read

Inflation & Prices

Labor Department Reports Inflation at 4.2% in May, and Energy’s Not the Only Problem

Photo by Erik Mclean via Unsplash

Labor-intensive services such as gardening, home healthcare and day care and preschool were all significant drivers of inflation.

2 min read

Finance

New Berkshire Chief’s Big Deal Gets Cool Reception from Investors

Photo via Taylor Morrison

The deal is Berkshire’s first major deal under Greg Abel, who pledged to maintain Warren Buffett’s stoic commitment to value hunting.

2 min read

Photo via AdMedia/SIPA/Newscom

Indicators

Fresh Jobs Data May Help Fed Gauge How Much AI Strains US Labor Market

The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Andrey Krav and Anton Zacon via iStock

Markets

US Exchanges Crash Prediction-Markets Party

Nasdaq and Cboe are introducing binary bets on financial market events, capitalizing on the success of Kalshi and Polymarket.

4 min read
Photo via Andrew Schwartz/SIPA/Newscom

Technology

Salesforce Delivers a SaaSpocalypse Reality Check

Salesforce points to record revenue of $11.1 billion and its own embrace of artificial intelligence to dispel SaaSpocalypse worries.

2 min read

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