Signs of a Widening Runway The top economic adviser to President Joe Biden, Lael Brainard, recently expressed growing confidence in the U.S. economy’s ability to avoid a recession. She emphasized that recent data points to a considerable expansion of the runway for what economists term a “soft landing.” This refers to successfully curbing inflation without…
Acknowledging the Emerging Threat In a groundbreaking development, the Financial Stability Oversight Council (FSOC) has formally designated artificial intelligence (AI) as an “emerging vulnerability” in the financial system. This official acknowledgment underscores the potential risks associated with the increasing prevalence of sophisticated AI models within the financial sector. [su_button url=”https://www.growcredit.com/” style=”flat” background=”#ff9900″ size=”15″ icon=”icon: credit-card-alt”]DISCOVER…
In recent months, financial titans have sounded the alarm about geopolitical uncertainties, citing them as the predominant threat to the US economy. Despite ongoing conflicts in the Middle East and Eastern Europe, the stock market has experienced an unexpected end-of-year surge, with the S&P 500 reaching its highest level since January 2022. This rally coincided…
A Closer Look at the CPI Numbers In the realm of economic indicators, the Consumer Price Index (CPI) is a vital measure that reflects the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The recently released November CPI report brought both familiar and…
Macy’s Shares Surge as Acquisition Offers Resurface In a surprising turn of events, Macy’s, the venerable 165-year-old retailer synonymous with holiday festivities, is potentially on the brink of a significant change. Recent reports from The Wall Street Journal indicate that Arkhouse Management and Brigade Capital Management are considering an acquisition, causing Macy’s shares to soar…
15 Years of Stagnation for the Most Disadvantaged In a recent revelation by the Centre for Social Justice, the United Kingdom (UK) faces an unsettling reality: those at the bottom of the socioeconomic ladder have seen little to no improvement in their conditions over the past 15 years. The independent think tank’s report highlights a…
In the realm of audio streaming, Spotify has long been celebrated for its personalized user experience, driven by artificial intelligence (AI). However, the company is undergoing a significant transformation marked by three rounds of layoffs within a year. Despite these challenges, Wall Street remains bullish on Spotify’s strategic investment in AI for its podcasting and…
The U.S. labor market showcased remarkable resilience in November in the Job Report, defying anticipated challenges and adding a commendable 199,000 jobs while concurrently lowering the unemployment rate to 3.7%. Contrary to prevailing concerns about supply chain disruptions and inflationary pressures, the economy presented a more optimistic employment scenario, underscoring its ability to navigate complexities….
BNPL Surges on Cyber Monday As the holiday season unfolds, the allure of Buy Now, Pay Later (BNPL) services takes center stage, reshaping the way consumers approach holiday shopping. Cyber Monday, a digital shopping extravaganza, witnessed a remarkable 43% year-over-year surge in BNPL purchases, marking a paradigm shift from traditional credit cards. This surge indicates…
The Complexity of Price Tags Shopping for everyday items involves navigating a sea of price tags, each serving a specific purpose. From “Unit Price” to “You Pay” and even the elusive “MSRP” (Manufacturer’s Suggested Retail Price), consumers encounter a variety of indicators that can influence their purchasing decisions. [su_button url=”https://www.growcredit.com/” style=”flat” background=”#ff9900″ size=”15″ icon=”icon: credit-card-alt”]DISCOVER…