Recession

Finance

BlackRock’s Happy Place is at the Crossroads of All Global Capital

Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

In a blockbuster third-quarter earnings report, the asset management giant said it took in net inflows of $205 billion, beating expectations.

2 min read

Photo via Teera Noisakran/Sipa USA/Newscom

Economics

IMF Warns of AI ‘Tsunami’ That Will Wash Away Jobs, Tax Revenue

Still, the IMF sees the demand and investment fueled by global AI spending of up to $2.7 trillion this year could significantly boost growth.

2 min read
Photo via Olaf Schuelke/Polaris/Newscom

Real Estate

Tishman Speyer Wants to Return the Chrysler Building to Former Glory

Tishman Speyer agreed to a $235 million deal to take control of the legendary Art Deco tower in Midtown Manhattan.

2 min read
Photo via The Federal Reserve Bank of Kansas City

Inflation & Prices

Warsh’s “Quiet Fed” Approach Adds a Hawkish Call at Jackson Hole

Since taking over as Fed chair in late May, Warsh has made it clear he is less comfortable providing forward guidance than his predecessor.

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Indicators

Labor Market Flexes Muscle and Exhibits Flab in Latest BLS Data

Photo by gorodenkoff via iStock

Job gains are heavily concentrated in healthcare and social assistance, which added 125,000 jobs last month for the lion’s share of new gigs.

2 min read

Real Estate

Feast or Fluke? US Home Sales Hit Highest in Almost Four Years

Photo by Aiden Frazier via Unsplash

The roaring August demand put a serious dent in the glut of new homes on the market, with inventory falling to the lowest level this year.

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Photo via Nicolas J Leclercq

Indicators

Dismal Jobs Numbers May Not Mean What You Think

Morgan Stanley analysts think the US economy has been in a “rolling recession” since 2022 — and it may already be almost over.

2 min read
Photo via Gent Shkullaku/ZUMAPRESS/Newscom

Finance

CFPB Rewrites Open Banking Rule as Banks Feud with Fintechs Over Your Data

The “open banking” rule goes back to the 2010 Dodd-Frank Act that introduced sweeping financial reforms after the Great Recession.

2 min read
Photo via Corine Solberg/Sipa USA/Newscom

Economics

Bottom Line Undercuts Hot Quarter for Top-Line US GDP

Economists anticipated a 2.5% rate, so the better-than-expected top line figure was obviously cause for celebration, right?

2 min read

Finance

Can the S&P 500 Sustain a #HotStockSummer?

Photo by Vlada Karpovich via Pexels

On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday.

2 min read

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